Index Rate Advance definition

Index Rate Advance means an Advance or portion thereof bearing interest by reference to the Index Rate.
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Index Rate Advance means a portion of a Loan which bears interest at a rate based on the Index Rate.
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Index Rate Advance means an Advance or portion thereof bearing interest by reference to the Index Rate. Unless a LIBOR Rate Disruption Event shall have occurred, each Revolving Credit Advance shall be a LIBOR Rate Advance.
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Examples of Index Rate Advance in a sentence

  • The Administrative Agent will notify each Lender of the interest rate applicable to each Eurodollar Advance and each LIBOR Market Index Rate Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Rate.

  • Although it is theoretically possible, it is practically impossible: such a step would require a world wide agreement.

  • The Administrative Agent will notify each Lender of the interest rate applicable to each SOFR Advance and each SOFR Market Index Rate Advance (to the extent any such Lender has a funded participation in such SOFR Market Index Rate Advance) promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Rate.

  • During such period as such Advance is a LIBOR Market Index Rate Advance, a rate per annum equal at all times to the sum of (A) the LIBOR Market Index Rate in effect from time to time plus (B) the Applicable Margin in effect from time to time, payable in arrears quarterly on the last day of each February, May, August and November during such periods and on the date such LIBOR Market Index Rate Advance shall be Converted or paid in full.

  • During the first six months of 2004 sales to ASE totalled US$25,815, which amounted to approximately 15 % of total sales of the Group for six months 2004.In February 2004 a merger with OAO Power Machines was initially agreed and in March 2004 OMZ acquired 11 percent of the ordinary shares of OAO Power Machines for US$42,500.

  • Borrower shall have the right within five Business Days of receipt of such notice to convert any outstanding LIBOR Advance to an Index Rate Advance.

  • Notwithstanding any other provision of this Agreement, each Swing Line Advance shall constitute an Index Rate Advance.

  • If Borrower shall fail to provide a Notice of Term Advance or Conversion on or prior to 10:00 A.M. on the second Business Day prior to the end of the Interest Period in respect of any LIBOR Advance, such Advance shall automatically convert into an Index Rate Advance on the day following the last day of such Interest Period.

  • During such periods as any LIBOR Market Index Rate Advance is outstanding, a rate per annum equal at all times to the sum of (x) the LIBOR Market Index Rate plus (y) the Applicable Margin for LIBOR Market Index Rate Advances in effect from time to time, payable in arrears quarterly on the last day of each March, June, September and December during such periods and on the date such LIBOR Market Index Rate Advance is prepaid, whether due to acceleration or otherwise, and at maturity.

  • In the absence of a request for a LIBOR Advance complying with the terms and conditions of LIBOR Advances under this Agreement, each request for an Advance shall be deemed to be a request for an Index Rate Advance.

Related to Index Rate Advance

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

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

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

  • Eurodollar Rate Advance means an Advance that bears interest as provided in Section 2.06(a)(ii).

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

  • 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).

  • Base Rate Advance means an Advance that bears interest as provided in Section 2.06(a)(i).

  • Prime Rate Advance means an Advance that bears interest based at the Prime Rate.

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

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

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

  • Index Rate Loan means a Loan or portion thereof bearing interest by reference to the Index Rate.

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

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

  • Eurocurrency Advance means an Advance which, except as otherwise provided in Section 2.12, bears interest at the applicable Eurocurrency Rate.

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

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

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

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • 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.

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

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

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

  • Eurodollar Rate Committed Loan means a Committed Loan that bears interest at a rate based on the Eurodollar Rate.

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

  • Absolute Rate Loan means a Bid Loan that bears interest at a rate determined with reference to an Absolute Rate.