Fixed Rate Amount definition
Examples of Fixed Rate Amount in a sentence
For any day with respect to a Eurodollar Rate Loan or Consignment Fixed Rate Amount, the maximum rate (expressed as a decimal) at which any lender subject thereto would be required to maintain reserves under Regulation D of the Board of Governors of the Federal Reserve System (or any successor or similar regulations relating to such reserve requirements) against "Eurocurrency Liabilities" (as that term is used in Regulation D), if such liabilities were outstanding.
Each conversion request relating to the conversion of Consigned Precious Metal to a Consignment Fixed Rate Amount shall be irrevocable by the Borrower.
Any Fixed Rate Amount of any Loan may bear interest at a Fixed Rate.
Accordingly, on such Party A Fixed Rate Payer Payment Date, Party A shall pay the Party A Fixed Rate Amount as well as the Additional Party A Amount.
Interest on any Fixed Rate Amount shall accrue at the rate otherwise provided for hereunder commencing the date following the last day of the corresponding Interest Rate Period, which may, if the Borrower has appropriately requested and the Lender has quoted, be a new Fixed Rate.
In addition, Borrower may as of any designated Business Day, upon notice that is received by Lender not later than noon (Columbus, Ohio, local time) two (2) Business Days prior to such designated Business Day, convert an Adjusted Prime Rate Amount into a Fixed Rate Amount or continue a Fixed Rate Amount as a Fixed Rate Amount for a new Interest Period, provided, that Borrower may make such conversion or continuation only on the last day of the Interest Period.
The obligation of Party A to pay the Party A Fixed Rate Amount on any Party A Fixed Rate Payer Payment Date will be increased by an amount (the "Additional Party A Amount") equal to the Party A Fixed Rate Amount otherwise payable on such Party A Fixed Rate Payer Payment Date (prior to any adjustment thereof in accordance with this Section 3.2) multiplied by the Increase Ratio.
At the termination of each Interest Period, the interest rate with respect to the applicable Fixed Rate Amount shall revert to the Floating Rate unless a new Fixed Rate quotation is requested and accepted by the Borrower.
Notwithstanding any provision in this Agreement to the contrary, at all times on and after the Twelfth Amendment Closing Date, the amount of Fixed Rate Outstandings shall not be less than the Minimum Fixed Rate Amount.
The obligation of Party A to pay the Party A Fixed Rate Amount on any Party A Fixed Rate Payer Payment Date will be increased by an amount (the "ADDITIONAL PARTY A AMOUNT") equal to the Party A Fixed Rate Amount otherwise payable on such Party A Fixed Rate Payer Payment Date (prior to any adjustment thereof in accordance with this Section 3.2) multiplied by the Increase Ratio.