Group of Advances definition

Group of Advances means at any time a group of Advances consisting of (i) all Base Rate Advances outstanding at such time or (ii) Eurodollar Advances outstanding at such time constituting a single Eurodollar Rate Tranche at such time.
Sample 1Sample 2Sample 3
Group of Advances means at any time a group of Advances consisting of (i) all Loans to a single Borrower which are Prime Rate Loans at such time (ii) all Loans to a single Borrower which are USBR Loans at such time, (iii) all Bankers' Acceptances issued at the request of a single Borrower having the same maturity date, provided that if a Bankers' Acceptance accepted by any particular Bank is converted to or made as a Prime Rate Loan pursuant to Article 8 such Advance shall be included in the same Group or Groups of Advances from time to time as it would have been if it had not been so converted or made, or (iv) all Euro-Dollar Loans to a single Borrower having the same Interest Period at such time, provided that, if a Euro-Dollar Loan of any particular Bank is converted to or made as a US Base Rate Loan pursuant to Article 8, such Loan shall be included in the same Group or Groups of Loans from time to time as it would have been if it had not been so converted or made.
Sample 1

Examples of Group of Advances in a sentence

  • Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for the Eurodollar Rate Tranche to be comprised of such Advances and (iv) the Group of Advances (or portion thereof) to which such notice applies.

  • A Notice of Conversion or Rollover may, if it so specifies, apply to only a portion of the aggregate principal amount of the relevant Group of Advances in respect of the conversion of a Group of Advances, provided that (i) such portion is allocated ratably among the Advances comprising such Group and (ii) the portion to which such notice applies, and the remaining portion to which it does not apply, are each US$5,000,000, in the case of Advances in US$, and C$5,000,000, in the case of Advances in C$.

Related to Group of Advances

  • Group of Loans means, at any time, a group of Loans consisting of (i) all Committed Loans which are Base Rate Loans at such time or (ii) all Euro-Dollar Loans having the same Interest Period at such time; provided that if a Committed Loan of any particular Bank is converted to or made as a Base Rate Loan pursuant to Article 8, such Loan shall be included in the same Group or Groups of Loans from time to time as it would have been in if it had not been so converted or made.

  • Fixed Rate Advances has the meaning specified in Section 2.03(a)(i).

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

  • Fixed Rate Advance means an Advance which bears 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.

  • LIBO Rate Advances means a Competitive Bid Advance denominated in Dollars or in any Foreign Currency and bearing interest based on the LIBO Rate.

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

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

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

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

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

  • 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.

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • Bid Rate Loan means a loan made by a Lender under Section 2.2.

  • LIBO Rate Advance means a Pro Rata Advance that bears interest as provided in Section 2.04(a)(ii).

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.

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

  • Absolute Rate Loan means a Bid Rate Loan, the interest rate on which is determined on the basis of an Absolute Rate pursuant to an Absolute Rate Auction.

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

  • Unpaid Advance has the meaning assigned to such term in Section 2.05.

  • Eurocurrency Rate Advance means a Revolving Credit Advance denominated in Dollars or a Committed Currency that bears interest as provided in Section 2.07(a)(ii).

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

  • 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.

  • Competitive Loan means a Loan made pursuant to Section 2.04.

  • Eurodollar Borrowing means a Borrowing comprised of Eurodollar Loans.