Floating Rate Revolving Loan definition

Floating Rate Revolving Loan means a Revolving Loan which is a Floating Rate Loan.
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Floating Rate Revolving Loan means a Revolving Loan that bears interest at a Taxable Floating Rate or a Tax-Exempt Floating Rate, as applicable.
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Floating Rate Revolving Loan means a Revolving Loan which bears interest at the Alternate Base Rate.
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Examples of Floating Rate Revolving Loan in a sentence

  • If the Borrower fails to so reimburse the Lender by such time, the Borrower shall be deemed to have requested a Floating Rate Revolving Loan bearing interest at the Taxable Floating Rate to be disbursed on the Honor Date in an amount equal to the amount of the unreimbursed drawing (the “Unreimbursed Amount”), without regard to the minimum and multiples specified in Section 2.02 for the principal amount of Floating Rate Revolving Loans.

  • The facility is a Floating Rate Revolving Loan under which the interest rate will never be less than the Margin of 2.45% per annum.

  • For this reason we have built a taxonomy of ‘system characteristics,’ i.e those characteristics that do not pertain directly to the detection principle.


More Definitions of Floating Rate Revolving Loan

Floating Rate Revolving Loan. Any Revolving Loan which bears interest at a rate calculated with reference to the Prime Rate.
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Related to Floating Rate Revolving Loan

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

  • 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.

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

  • Floating Rate Advance means an Advance which bears interest at the Floating Rate.

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

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

  • Reference Rate Loan means any Committed Loan that bears interest at a rate determined with reference to the Reference Rate.

  • New Revolving Loan has the meaning specified in Section 2.14(a).

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

  • Revolving Loan has the meaning specified in Section 2.01(a).

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

  • Floating Rate Interest Period means, during the Floating Rate Period, the period beginning on (and including) a Floating Rate Period Interest Payment Date and ending on (but excluding) the next succeeding Floating Rate Period Interest Payment Date; provided that the first Floating Rate Interest Period will begin on (and include) April 18, 2025 and will end on (but exclude) the first Floating Rate Period Interest Payment Date.

  • 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.

  • Canadian Revolving Loan means Loans made by a Lender in respect of its Canadian Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(c) and/or Section 2.24.

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Incremental Revolving Loan has the meaning set forth in Section 2.14(b).

  • Pending Revolving Loans means, at any time, the aggregate principal amount of all Revolving Loans requested in any Notice of Borrowing received by the Agent which have not yet been advanced.

  • Reference Rate Advance means an Advance which bears interest as provided in Section 2.09(a).

  • Refinancing Revolving Loans has the meaning assigned to such term in Section 2.26(a).

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

  • Existing Revolving Loans has the meaning specified in Section 2.7(a).

  • Base Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(i).

  • Additional Revolving Loans means any revolving loan added hereunder pursuant to Sections 2.22, 2.23 and/or 9.02(c)(ii).

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