Fixed Rate Bid Advance definition

Fixed Rate Bid Advance means a Competitive Bid Advance bearing interest based on a fixed rate per annum as specified in the relevant Notice of Competitive Bid Borrowing.
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Fixed Rate Bid Advance means a Bid Advance that bears interest for the relevant Fixed Rate Period, at a Fixed Rate.
Sample 1
Fixed Rate Bid Advance means a Competitive Bid Advance bearing interest based on a fixed rate per annum as specified in the relevant
Sample 1

Examples of Fixed Rate Bid Advance in a sentence

  • Borrower acknowledges that prepayment or acceleration of a LIBOR Advance, Fixed Rate Bid Advance or Absolute Rate Bid Advance during an Interest Period shall result in the Lenders incurring additional costs, expenses and/or liabilities and that it is extremely difficult and impractical to ascertain the extent of such costs, expenses and/or liabilities.

Related to Fixed Rate Bid Advance

  • Competitive Bid Advance means an advance by a Lender to any Borrower as part of a Competitive Bid Borrowing resulting from the competitive bidding procedure described in Section 2.03 and refers to a Fixed Rate Advance or a LIBO Rate Advance.

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

  • LIBO Rate Advance means a Pro Rata Advance that bears interest as provided in Section 2.04(a)(ii).

  • Base Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(i).