Fixed Rate Advances definition
Fixed Rate Advances has the meaning specified in Section 2.03(a)(i).
Fixed Rate Advances has the meaning specified in Section 2.03(a)(i), which Advances shall be denominated in Dollars or in any Foreign Currency.
Fixed Rate Advances means Adjusted CD Rate Advances or Eurodollar Rate Advances or any combination thereof.
Examples of Fixed Rate Advances in a sentence
Under the terms of this Home Equity Line of Credit, you may obtain two types of credit advances: Variable Rate Advances; and Fixed Rate Advances.
Fixed Rate Advances are subaccounts of a Home Equity Line of Credit (HELOC).
Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Fixed Rate Advances.
Home Equity Line of Credit Account Fixed Rate Advances provide for up to 15 years of monthly principal and interest payments, depending on the amount advanced.
You may also obtain Fixed Rate Advances at any time, subject to your maximum credit limit, the terms of your Agreement, and the limitations described in the next two sentences.
More Definitions of Fixed Rate Advances
Fixed Rate Advances means Eurocurrency Rate Advances, EURIBOR Rate Advances or Competitive Bid Advances (excluding Competitive Bid Advances bearing interest at the Base Rate pursuant to Section 5.01) or any combination of the foregoing.
Fixed Rate Advances means a Competitive Bid Advance denominated in either Optional Currency that bears interest as provided in Section 2.03(a)(i).
Fixed Rate Advances. A fixed rate per annum quoted by the Bank for 1 to 6 days or for such other period of time that the Bank may quote and offer (provided that any such period of time does not extend beyond the Expiration Date) (the "Interest Period") for Advances in the minimum amount of $1,000,000.00. Such interest rate shall be a percentage approximately equivalent to the Applicable Margin plus the rate which the Bank determines in its sole and absolute discretion to be equal to the Bank's cost of acquiring funds (adjusted for any and all assessments, surcharges and reserve requirements pertaining to the borrowing or purchase by the Bank of such funds) in an amount approximately equal to the amount of the relevant Advance and for a period of time approximately equal to the relevant Interest Period (the "Fixed Rate"). Advances based upon the Fixed Rate are hereinafter referred to as "Fixed Rate Advances".
Fixed Rate Advances means Eurodollar Advances, Canadian Fixed Rate Advances, and/or UK Fixed Rate Advances.
Fixed Rate Advances has the meaning specified in Section 2.03(a)(i), which Advances shall be denominated in Dollars.
Fixed Rate Advances. A fixed rate quoted by the Bank for 30, 60, or 90 days or for such other period of time that the Bank may quote and offer (provided that any such period of time does not extend beyond the Expiration Date) [the "Interest Period"] for Advances in the minimum amount of $100,000 and in $50,000 increments thereafter. Such interest rate shall be a percentage approximately equivalent to 2.50% per annum in excess of the rate which the Bank determines in its sole and absolute discretion to be equal to the Bank's cost of acquiring funds (adjusted for any and all assessments, surcharges and reserve requirements pertaining to the borrowing or purchase by the Bank of such funds) in an amount approximately equal to the amount of the relevant Advance and for a period of time approximately equal to the relevant Interest Period (the "Fixed Rate"). Advances based upon the Fixed Rate are hereinafter referred to as "Fixed Rate Advances". Interest on any Advance shall be computed on the basis of 360 days per year, but charged on the actual number of days elapsed. Interest on Variable Rate Advances shall be paid in monthly installments commencing on the first day of the month following the date of the first such Advance and continuing on the first day of each month thereafter. Interest on any Fixed Rate Advance shall be paid on the last day of the Interest Period pertaining to such Fixed Rate Advance.
Fixed Rate Advances means LIBOR Advances and CD Rate Advances. -------------------