Money Market Rate Advance definition

Money Market Rate Advance means a Swingline Advance that bears interest at a rate based on the Money Market Rate.
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Money Market Rate Advance means an Advance made by a Lender to ------------------------- the Borrower pursuant to the bidding procedure described in Section 2.04.
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Money Market Rate Advance means a Local Currency Advance which bears interest with reference to the Money Market Rate.
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Examples of Money Market Rate Advance in a sentence

  • Each Swingline Advance shall bear interest at the Base Rate, or, at the option of the Borrower and subject to prior agreement between the Borrower and the Swingline Lender, shall be a Swingline Eurodollar Rate Advance or a Money Market Rate Advance.

  • Advances shall bear interest at the following rates per annum: (a) if a Prime Rate Advance, at the Bank's floating Prime Rate; (b) if a Money Market Rate Advance, at the quoted Money Market Rate; or (c) if a Eurodollar Rate Advance, 0.14 of 1% in excess of the Bank's Eurodollar Rate.

  • Advances shall bear interest at the following rates per annum: (a) if a Prime Rate Advance, at the Bank's floating Prime Rate; (b) if a Money Market Rate Advance, at the quoted Money Market Rate; or (c) if a Eurodollar Rate Advance, 0.08 of 1% in excess of the Bank's Eurodollar Rate.

  • If any Lender shall elect not to make a Money Market Bid, such Lender shall so notify the Administrative Agent via telecopy by the time specified above for submitting a Money Market Bid; provided, however, that failure by any Lender to give such -------- ------- notice shall not cause such Lender to be obligated to make any Money Market Rate Advance as part of such Money Market Loan.

  • Each Interest Period for a BBSY Advance shall be a period of 30, 60, 90, 120, 150 or 180 days as selected by the Company, and each Interest Period for a Money Market Rate Advance shall be a period of 1 or 7 days as selected by the Company.

Related to Money Market Rate Advance

  • Money Market Absolute Rate Loan means a loan to be made by a Bank pursuant to an Absolute Rate Auction.

  • Money Market LIBOR Loan means a loan to be made by a Bank pursuant to a LIBOR Auction (including such a loan bearing interest at the Base Rate pursuant to Section 8.01(a)).

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

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

  • Money Market Loan means a Money Market LIBOR Loan or a Money Market Absolute Rate Loan.

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

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

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

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

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

  • Money Market Rate has the meaning specified in Section 2.03(c)(ii)(C).

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

  • 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).

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

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

  • Money Market Absolute Rate has the meaning set forth in Section 2.3(d).

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

  • Alternative Currency Daily Rate Loan means a Committed Loan that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency.

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

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

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

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