Fixed Rate Term Loan definition

Fixed Rate Term Loan means any drawdown in Canadian dollars under a Credit Facility at an interest rate which is fixed for a Rate Term at such rate as is determined by the Bank as its sole discretion.

Fixed Rate Term Loan means, collectively, the Tranche B-5 Term Loans and any other Class of Term Loans bearing a fixed rate of interest.

Fixed Rate Term Loan means the Term Loans or portions thereof bearing interest at the Fixed Rate pursuant to Section 3.5(a).

Examples of Fixed Rate Term Loan in a sentence

• Each calendar year, ("Year"), the Borrower may prepay in one lump sum, once each Year, an amount outstanding under a Fixed Rate Term Loan not exceeding 10% of the original amount of the Fixed Rate Term Loan being prepaid, upon payment of all interest accrued to the date of prepayment ("Prepayment Date") without paying any prepayment charge, provided that an Event of Default has not occurred.

• If you have a Fixed Rate Term Loan and we make demand for payment, you will owe us (i) all outstanding principal, (ii) interest, (iii) any other amount due under this Agreement, and (iv) a prepayment charge.

• Prior to each drawdown under a Fixed Rate Term Loan, other than a Long Term Farm Loan, an Agriculture Term Loan, a Canadian Agricultural Loans Act Loan, a Dairy Term Loan or a Poultry Term Loan and at least 10 days prior to the maturity of each Rate Term, the Borrower will advise the Bank of its selection of drawdown options from those made available by the Bank.

• Fixed Rate Term Loan: Means the specific rate of interest applicable to the loan for specific tenure.The rate would apply on the reducing balance through the repayment period.

• The salient terms of the Unsecured Fixed Rate Term Loan Facility are detailed in Note 18.

More Definitions of Fixed Rate Term Loan

Fixed Rate Term Loan means the fixed rate loan portion of the Loan Facility, amounting to approximately HK$12.2 billion, which is initially drawn down on the Listing Date;

Fixed Rate Term Loan means each Term Loan with respect to which interest is charged at a rate that is fixed from the Funding Date thereof until the applicable Term Loan Maturity Date.

Fixed Rate Term Loan means any drawdown under a Facility at an interest rate which is fixed for a Rate Term at such rate as is determined by the Bank at its sole discretion.

Fixed Rate Term Loan means any drawdown under a Facility at an interest rate which is fixed for a Rate Term at such rate as is determined by the Bank at its sole discretion. 

Fixed Rate Term Loan means, at any time, the unpaid principal balance of the Term Loan equal to the lesser of (i) $20,000,000 and (ii) the unpaid principal balance of the Term Loan outstanding at such time.

Fixed Rate Term Loan means an advance made by any Fixed Rate Term Lender under the Fixed Rate Term Facility.

Fixed Rate Term Loan is defined in section 3.07;