Floating Rate Advance definition

Floating Rate Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the Floating Rate.
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Floating Rate Advance means an Advance which bears interest at the Floating Rate.
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Floating Rate Advance means an Advance which bears interest at the Alternate Base Rate.
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Examples of Floating Rate Advance in a sentence

  • Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate.

  • Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion.

  • Interest accrued on each Floating Rate Advance shall be payable on each Payment Date, commencing with the first such date to occur after the date hereof, on any date on which the Floating Rate Advance is prepaid, whether due to acceleration or otherwise, and at maturity.

  • Such Revolving Loans shall constitute a Floating Rate Advance, the proceeds of which Advance shall be used to repay such Reimbursement Obligation.

  • Interest accrued on each Floating Rate Advance shall be payable on each Payment Date, commencing with the first such date to occur after the date hereof and at maturity.


More Definitions of Floating Rate Advance

Floating Rate Advance means an Advance consisting of Floating Rate Loans.
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Floating Rate Advance means a Revolving Loan which, except as otherwise provided in Section 2.10, bears interest at the Floating Rate.
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Floating Rate Advance means an Advance which, except as otherwise provided in Section 2.13, bears interest at the Floating Rate.
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Floating Rate Advance means an Advance of a Class which bears interest at the Floating Rate for such Class.
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Floating Rate Advance means an Advance which bears interest at the Floating Rate. "Floating Rate Loan" means a Loan which bears interest at the Floating Rate.
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Floating Rate Advance means a Syndicated Advance denominated in Dollars which bears interest at the Floating Rate.
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Floating Rate Advance means a Revolving Credit Advance that bears interest at a Floating Rate.
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