Floating Rate Term Loan definition

Floating Rate Term Loan. All or any portion of any Term Loan which bears interest at a rate calculated with reference to the Prime Rate.
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Floating Rate Term Loan means any Term Loan which bears interest at the Floating Rate.
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Floating Rate Term Loan means each Term Loan that is not a Fixed Rate Term Loan.
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Examples of Floating Rate Term Loan in a sentence

  • The Borrower may prepay, at any time, without penalty or premium, the whole or any portion of any Facility Two Term Loan which is a Floating Rate Term Loan; provided that on the date of any such prepayment the Borrower pays all interest on said Facility Two Term Loan (or portion thereof) so prepaid accrued to the date of such prepayment.

  • As of December 31, 2013, the Floating Rate Term Loan due 2019 bears interest at the greater of three-month LIBOR or 0.75%, plus 225 basis points, for an aggregate rate of 3.00%.

  • Each notice must be received by the Administrative Agent not later than 11:00 a.m. (i) on the Closing Date in respect of the Fixed Rate Term Loan and (ii) three Business Days prior to the Closing Date in respect of the Floating Rate Term Loan.

  • Accrued interest on each Floating Rate Term Loan shall be payable in arrears on the last day of each month and at maturity.

  • The Borrower may prepay, at any time or from time to time, without premium or penalty, the whole or any portion of the Facility Two Term Loan to the extent that same is a Facility Two Floating Rate Term Loan; provided that each such principal prepayment shall be accompanied by payment of all interest on the amount so prepaid accrued under the Facility Two Term Note but unpaid to the date of payment.

  • Subject to the provisions of this Section 1.6, the Borrower may borrow any Term Loan as a COF Loan or may convert to a COF Loan all or any portion of any COF Loan then outstanding as a Floating Rate Term Loan; provided that in no event will the amount so borrowed as a COF Loan on any one date be less than $250,000 nor will the amount so converted to a COF Loan on any one date be less than $250,000.

  • The Borrower may prepay, at any time, without penalty or premium, the whole or any portion of any Facility One Term Loan which is a Floating Rate Term Loan; provided that on the date of any such prepayment the Borrower pays all interest on said Facility One Term Loan (or portion thereof) so prepaid accrued to the date of such prepayment.

  • Notwithstanding any other provision of this letter agreement, the Bank need not make any LIBOR Term Loan nor allow any conversion of a Floating Rate Term Loan to a LIBOR Term Loan at any time when there exists any Default or Event of Default.

  • The Company issued $500 million and $200 million of Floating Rate Term Loan in March and October 2012, respectively, under the Company’s senior credit facility.

  • Subject to the conditions set forth herein, the Borrower may elect that all or any portion of any Term Loan to be made under ss.1.4 will be made as a LIBOR Term Loan, that all or any portion of any Floating Rate Term Loan will be converted to a LIBOR Term Loan and/or that any LIBOR Term Loan will be continued at the expiration of the Interest Period applicable thereto as a new LIBOR Term Loan.


More Definitions of Floating Rate Term Loan

Floating Rate Term Loan means an advance made by any Floating Rate Term Lender under the Floating Rate Term Facility.
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Floating Rate Term Loan. Equal monthly payments of principal unless earlier demanded upon occurrence of an Event of Default. The amount of the monthly payment, the date on which the monthly payments begin, the day of the month each monthly payment is due and the date of the final monthly payment (the “Maturity Date”) shall be determined on the date of drawdown and set out in written notice to you (the “Rate and Payment Terms Notice”). Payment of interest on Floating Rate Term Loans will be in accordance with Schedule “A” attached hereto. PREPAYMENT Prepayment charges referred to in Schedule “A” for Facilities where the Tenor is described as Committed and Drawdown is not on a revolving basis are waived for amounts outstanding that have been borrowed by way of Prime Based Loans or USBR Loans.
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Floating Rate Term Loan means the Term Loans or portions thereof bearing interest at the Floating Rate pursuant to Section 3.4.
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Floating Rate Term Loan means that certain Credit Agreement, dated as of June 8, 2004, among Cayman 2, BCP Crystal, certain other subsidiaries of the Issuer from time to time party thereto, the Lenders party thereto, Deutsche Bank AG, New York Branch, as Administrative Agent and as Collateral Agent, Xxxxxx Xxxxxxx Senior Funding, Inc. as Global Coordinator, and Deutsche Bank Securities Inc. and Xxxxxx Xxxxxxx Senior Funding, Inc., as Joint Lead Arrangers, including any related notes, guarantees, collateral documents, instruments and agreements executed in connection therewith, and in each case as amended, restated, supplemented, modified, renewed, refunded, replaced or refinanced from time to time in one or more agreements or indentures (in each case with the same or new lenders or institutional investors), including any agreement or indenture extending the maturity thereof or otherwise restructuring all or any portion of the Indebtedness thereunder or increasing the amount loaned or issued thereunder or altering the maturity thereof
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Related to Floating Rate Term Loan

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

  • Floating Rate Period shall have the meaning set forth in Section 2.05(b) hereof.

  • LIBOR Term Loan means any Term Loan bearing interest at a rate determined by reference to the LIBOR Rate.

  • Floating Rate Option has the meaning given to it in the ISDA Definitions;

  • ABR Term Loan means any Term Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Fixed Rate Term means a period commencing on a Business Day and continuing for 1, 2 or 3 months, as designated by Borrower, during which all or a portion of the outstanding principal balance of this Note bears interest determined in relation to LIBOR; provided however, that no Fixed Rate Term may be selected for a principal amount less than $100,000.00; and provided further, that no Fixed Rate Term shall extend beyond the scheduled maturity date hereof. If any Fixed Rate Term would end on a day which is not a Business Day, then such Fixed Rate Term shall be extended to the next succeeding Business Day.

  • CB Floating Rate means the Prime Rate; provided that the CB Floating Rate shall never be less than the Adjusted One Month LIBOR Rate on such day (or if such day is not a Business Day, the immediately preceding Business Day). Any change in the CB Floating Rate due to a change in the Prime Rate or the Adjusted One Month LIBOR Rate shall be effective from and including the effective date of such change in the Prime Rate or the Adjusted One Month LIBOR Rate, respectively.

  • Floating Rate Interest Period means each period commencing on the date of the Closing and, thereafter, commencing on a Floating Rate Interest Payment Date and continuing up to, but not including, the next Floating Rate Interest Payment Date.

  • Fixed Rate Period shall have the meaning in the form of Security set forth in Section 2.1.

  • 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.

  • Floating Rate Security means a Debt Security that provides for the payment of interest at a variable rate determined periodically by reference to an interest rate index specified pursuant to Section 2.03.

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

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

  • Floating Rate Convention means that each relevant date shall be the date which numerically corresponds to the preceding such date in the calendar month which is the number of months specified in the applicable Final Terms as the Specified Period after the calendar month in which the preceding such date occurred; provided, however, that:

  • Fixed Rate Interest Period means the period beginning on (and including) the Issue Date and ending on (but excluding) the first Fixed Rate Interest Payment Date, and each successive period beginning on (and including) a Fixed Rate Interest Payment Date and ending on (but excluding) the next succeeding Fixed Rate Interest Payment Date.

  • Floating Rate Calculation Date means, for any Quarterly Floating Rate Period, the 30th day prior to the first day of such Quarterly Floating Rate Period.

  • Quarterly Floating Rate Period means the period from and including a Quarterly Commencement Date to but excluding the next succeeding Quarterly Commencement Date.

  • Base Rate Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.

  • Initial Fixed Rate Period means the period commencing on the Issue Date and ending on and including June 30, 2020.

  • Floating Rate Margin means 7.50 per cent. per annum.

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

  • LIBOR Daily Floating Rate means, for any day, a fluctuating rate of interest per annum equal to LIBOR as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by Administrative Agent from time to time), at approximately 11:00 a.m., London time, two (2) London Banking Days prior to such day, for Dollar deposits with a term of one (1) month commencing that day; provided that if the LIBOR Daily Floating Rate shall be less than zero, such rate shall be deemed zero for purposes of the Loan Documents.

  • Subsequent Fixed Rate Period means for the initial Subsequent Fixed Rate Period, the period commencing on April 1, 2022 and ending on and including March 31, 2027 and for each succeeding Subsequent Fixed Rate Period, the period commencing on the day immediately following the end of the immediately preceding Subsequent Fixed Rate Period and ending on and including March 31 in the fifth year thereafter.

  • Original Term Loans means the "Term Loans" under, and as defined in, the Original Credit Agreement.

  • Interest Rate Period means that period of time for which the interest rate with respect to the Bonds has been determined by the Remarketing Agent or otherwise as provided in the definition of the applicable Interest Rate Mode, commencing on the applicable Interest Rate Adjustment Date, and terminating on the day immediately preceding the following Interest Rate Adjustment Date, if any.