Floating Rate Borrowing definition

Floating Rate Borrowing means a Borrowing which bears interest at the Floating Rate.
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Floating Rate Borrowing refers to each Advance that bears interest at the Floating Rate.
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Floating Rate Borrowing means a Base Rate Borrowing or a DSS Borrowing.
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Examples of Floating Rate Borrowing in a sentence

  • Each such notice must be received by Administrative Agent not later than (i) in the case of a Floating Rate Borrowing, 11:00 a.m. on the requested date of any such Borrowing, or (ii) in the case of a Term SOFR Borrowing, 11:00 a.m. three (3) Business Days prior to the date of the proposed Borrowing.

  • Each conversion to a Floating Rate Borrowing shall be in a principal amount of $100,000 or a whole multiple of $100,000 in excess thereof.


More Definitions of Floating Rate Borrowing

Floating Rate Borrowing means a Borrowing as to which Borrowers have ------------------------- elected the Floating Rate Option.
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Floating Rate Borrowing means any Revolving Credit Loan with respect to which the Borrower shall have selected an interest rate based upon the Prime Rate in accordance with the provisions of this Agreement.
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Floating Rate Borrowing means any borrowing bearing interest at a floating rate, excluding any Real Return Borrowing and any Indexed Borrowing; (b) "Real Return Borrowing" means any borrowing for which the amount payable as principal at maturity or interest are determined and calculated by reference to an index related to inflation or having as a basis the price of consumer goods; and (c) "Indexed Borrowing" means any borrowing, excluding any Real Return Borrowing, of which the amounts payable as principal, premium or interest are determined and calculated by reference to a formula or an index based on the relative value, the rate or the price of goods or commodities (other than an index related to inflation or based on the price of consumer goods), currencies or securities;
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Related to Floating Rate Borrowing

  • Base Rate Borrowing means a Borrowing consisting of Base Rate Loans.

  • Floating Rate Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the Floating Rate.

  • Floating Rate Loan means a Loan which bears interest at the Floating Rate.

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

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

  • 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.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • Eurocurrency Rate Advance means a Revolving Credit Advance or a Term Loan Advance denominated in Dollars or in an Agreed Currency which bears interest as provided in Section 2.07(b) or a Local Currency Advance which bears interest as provided in Section 2.07(b) and the Local Currency Addendum.

  • Eurodollar Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurodollar Rate.

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.

  • Reference Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the Reference Rate.

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

  • Base Rate Loan means a Loan that bears interest based on the Base Rate.

  • Alternate Base Rate Advance means an Advance which bears interest at the Alternate Base Rate.

  • ABR Loans Loans the rate of interest applicable to which is based upon the ABR.