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

  • 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 Fixed Rate Term Loan Commitments are not revolving commitments, and the Borrower shall not have the right to repay and reborrow under this Section 2.6.

  • Schedule 2.6 sets forth the principal amount of each Fixed Rate Term Loan as of the Closing Date.

  • Interest on the principal amount of each Loan not constituting a Daily Simple SOFR Rate Loan, Term SOFR Rate Loan, Fixed Rate Term Loan or on any other monetary Obligations shall be due and payable on demand after such principal amount or other monetary Obligation becomes due and payable (whether on the stated Maturity Date, upon an accelerated Maturity Date or otherwise).

  • 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.


More Definitions of Fixed Rate Term Loan

Fixed Rate Term Loan has the meaning specified in Section 2.6(a) and "Fixed Rate Term Loans" means collectively all of the Fixed Rate Term Loans.
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Fixed Rate Term Loan means any drawdown in Canadian dollars 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.
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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.
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Fixed Rate Term Loan means an advance made by any Fixed Rate Term Lender under the Fixed Rate Term Facility.
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Fixed Rate Term Loan is defined in section 3.07;
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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.
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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. 
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