interest in land or “property” means land or improvements, or both, in the reserve and, without limitation, includes any interest in land or improvements, any occupation, possession or use of land or improvements, and any right to occupy, possess or use land or improvements;
Interest Reserve Loan Each Actual/360 Mortgage Loan.
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 Advances has the meaning specified in Section 2.03(a)(i).
LIBOR Loans means a Loan or any portion thereof bearing interest by reference to 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.
LIBOR Rate Loans means the Loans bearing interest with reference to the LIBOR Rate.
LIBOR Tranche means the collective reference to LIBOR Rate Loans whose Interest Periods begin and end on the same day.
LIBO Rate Advances means a Competitive Bid Advance denominated in Dollars or in any Foreign Currency and bearing interest based on the LIBO Rate.
Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.
Base Rate Loans Loans the rate of interest applicable to which is based upon the Base Rate.
LIBOR Loan means a Loan or any portion thereof bearing interest by reference to the LIBOR Rate.
LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.
Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.
Committed Loans means loans made pursuant to Section 2.1(a).
RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.
Base Rate Advance means an Advance that bears interest as provided in Section 2.06(a)(i).
Eurodollar Rate Advance means an Advance that bears interest as provided in Section 2.06(a)(ii).
Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.
Eurodollar Reserve Percentage means, for any day during any Interest Period, the reserve percentage (expressed as a decimal, carried out to five decimal places) in effect on such day, whether or not applicable to any Lender, under regulations issued from time to time by the FRB for determining the maximum reserve requirement (including any emergency, supplemental or other marginal reserve requirement) with respect to Eurocurrency funding (currently referred to as “Eurocurrency liabilities”). The Eurodollar Rate for each outstanding Eurodollar Rate Loan shall be adjusted automatically as of the effective date of any change in the Eurodollar Reserve Percentage.
Reference Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the Reference Rate.
Eurodollar Loans Loans the rate of interest applicable to which is based upon the Eurodollar Rate.
Reference Rate Advance means an Advance which bears interest as provided in Section 2.09(a).
Fixed Rate Advance means an Advance which bears interest at a Fixed Rate.
Bid Rate Loan means a loan made by a Lender under Section 2.2.
Eurodollar when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Adjusted LIBO Rate.