Fixed Rate Competitive Loans definition

Fixed Rate Competitive Loans. Competitive Loans the rate of interest applicable to which is equal to a fixed percentage rate per annum specified by the Competitive Loan Lender making such Loan in its Competitive Loan Offer (as opposed to a rate composed of the Applicable Index Rate plus or minus a margin).
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Fixed Rate Competitive Loans. The terms set forth above and on the reverse side hereof are hereby agreed to: Accepted:
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Fixed Rate Competitive Loans. The terms set forth above and on the reverse side hereof are hereby agreed to: Accepted: ____________________________, as Assignor THE CHASE MANHATTAN BANK, as agent
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Examples of Fixed Rate Competitive Loans in a sentence

  • Until such notice has been withdrawn by the Administrative Agent, no further Eurodollar Loans or EURIBOR Loans, as applicable, shall be made or continued as such, nor shall any Borrower have the right to convert ABR Loans or Fixed Rate Competitive Loans, as applicable, to Eurodollar Loans or Index Rate Competitive Loans, as applicable.

  • Subject to the terms and conditions of this Agreement, the Company may borrow Competitive Loans from time to time during the Competitive Loan Borrowing Period on any Business Day (in the case of Fixed Rate Competitive Loans) or Working Day (in the case of Index Rate Competitive Loans), provided that in no event may Competitive Loans exceed the Credit Availability Amount on the Borrowing Date, after giving effect to the use and application of the proceeds thereof.

  • If such notice is given (x) any Eurodollar Loans requested to be made on the first day of such Interest Period shall be made as ABR Loans and (y) any US$ Loans that, on the first day of such Interest Period, were to have been converted to or continued as Eurodollar Loans or Index Rate Competitive Loans, as applicable, shall be continued as or converted to ABR Loans or Fixed Rate Competitive Loans, as applicable.

  • The Borrower may solicit Competitive Bids by delivery of a Competitive Bid Loan Request to the Administrative Agent by 10:00 a.m. on a Business Day not less than (x) in the case of Fixed Rate Competitive Loans not made in a Foreign Currency, three Business Days and (y) in the case of Eurocurrency Competitive Loans and Fixed Rate Competitive Loans made in a Foreign Currency, five Business Days prior to the date of a requested Competitive Bid Loan.

  • Until such notice has been withdrawn by the Administrative Agent, no further Eurodollar Loans shall be made or continued as such, nor shall any Borrower have the right to convert ABR Loans or Fixed Rate Competitive Loans, as applicable, to Eurodollar Loans or Index Rate Competitive Loans, as applicable.

  • Until such notice has been withdrawn by the Administrative Agent, no further EurodollarTerm Benchmark Loans shall be made or continued as such, nor shall any Borrower have the right to convert ABR Loans or Fixed Rate Competitive Loans, as applicable, to EurodollarTerm Benchmark Loans or Index Rate Competitive Loans, as applicable.

  • Not later than, in the case of Eurocurrency Competitive Loans, 10:30 a.m. (Eastern time) three (3) Business Days prior to the requested Drawdown Date and, in the case of Fixed Rate Competitive Loans, 10:30 a.m. (Eastern time) on the requested Drawdown Date, the Co-Borrowers shall notify the Administrative Agent of the Co-Borrowers' acceptance or non-acceptance of the offers of which it was notified pursuant to the preceding ss.

  • In the case of Fixed Rate Competitive Loans, insert a fixed rate bid.

  • Until such notice has been withdrawn by the Administrative Agent, no further EurodollarTerm SOFR Loans or EURIBOR Loans, as applicable, shall be made or continued as such, nor shall any Borrower have the right to convert ABR Loans or Fixed Rate Competitive Loans, as applicable, to EurodollarTerm SOFR Loans or Index Rate Competitive Loans, as applicable.

  • If such notice is given (x) any EurodollarTerm Benchmark Loans requested to be made on the first day of such Interest Period shall be made as ABR Loans and (y) any US$ Loans that, on the first day of such Interest Period, were to have been converted to or continued as EurodollarTerm Benchmark Loans or Index Rate Competitive Loans, as applicable, shall be continued as or converted to ABR Loans or Fixed Rate Competitive Loans, as applicable.

Related to Fixed Rate Competitive Loans

  • Eurodollar Competitive Loan means any Competitive Loan bearing interest at a rate determined by reference to the LIBO Rate in accordance with the provisions of Article II.

  • Competitive Loan means a Loan made pursuant to Section 2.04.

  • Base Rate Committed Loan means a Committed Loan that is a Base Rate Loan.

  • Eurodollar Rate Committed Loan means a Committed Loan that bears interest at a rate based on the Eurodollar Rate.

  • Competitive Loan Exposure means, with respect to any Lender at any time, the aggregate principal amount of the outstanding Competitive Loans of such Lender.

  • Fixed Rate Advances has the meaning specified in Section 2.03(a)(i).

  • Fixed Rate Loans means Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.

  • Fixed Rate Borrowing means a Borrowing comprised of Fixed Rate Loans.

  • Competitive Borrowing means a Borrowing consisting of a Competitive Loan or concurrent Competitive Loans from the Lender or Lenders whose Competitive Bids for such Borrowing have been accepted under the bidding procedure described in Section 2.03.

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • LIBO Rate Advances means a Competitive Bid Advance denominated in Dollars or in any Foreign Currency and bearing interest based on the LIBO Rate.

  • Eurodollar Revolving Borrowing means a Borrowing comprised of Eurodollar Revolving Loans.

  • Money Market Absolute Rate Loan means a loan to be made by a Bank pursuant to an Absolute Rate Auction.

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • Bid Loan has the meaning specified in Section 2.03(a).

  • Revolving Loans as defined in Section 2.4(a).

  • Absolute Rate Loan means a Bid Loan that bears interest at a rate determined with reference to an Absolute Rate.

  • Competitive Bid Advance means an advance by a Lender to the 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.

  • Competitive Bid Borrowing means a borrowing consisting of simultaneous Competitive Bid Advances from each of the Lenders whose offer to make one or more Competitive Bid Advances as part of such borrowing has been accepted under the competitive bidding procedure described in Section 2.03.

  • Fixed Rate Advance means an Advance which bears interest at a Fixed Rate.

  • Alternative Currency Term Rate Loan means a Committed Loan that bears interest at a rate based on the definition of “Alternative Currency Term Rate.” All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency.

  • Committed Loans means loans made pursuant to Section 2.1(a).

  • Base Rate Revolving Loan means a Revolving Loan that is a Base Rate Loan.

  • Eurocurrency Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Competitive Bid Loan means a Competitive Bid LIBOR Loan or a Competitive Bid Absolute Rate Loan.