Offered Rate Advance definition

Offered Rate Advance means a Swing Line Loan which bears interest at the Offered Rate.
Sample 1Sample 2Sample 3
Offered Rate Advance an Advance on a Offered Rate Loan.
Sample 1

Examples of Offered Rate Advance in a sentence

  • Interest accrued on each Eurocurrency Advance and Offered Rate Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurocurrency Advance or Offered Rate Advance is prepaid, whether by acceleration or otherwise, and at maturity.

  • Interest accrued on each Eurocurrency Advance or Offered Rate Advance having an Interest Period longer than three months shall also be payable on the last day of each three-month interval during such Interest Period.

  • Any Advance shall, at the option of the Borrower, be made as an Offered Rate Advance or a LIBO Rate Advance.

  • Interest on each Offered Rate Advance shall be computed on the basis of a year of 360 days for the actual number of days elapsed and shall be payable at the Offered Rate Basis for such Advance in arrears on each Payment Date.

  • Upon at least one (1) Business Day's irrevocable prior written notice, the Borrower may repay or prepay an Offered Rate Advance without regard to its Payment Date and (a) reborrow all or a portion of the principal amount thereof as one or more Offered Rate Advances, (b) reborrow all or a portion of the principal thereof as one or more LIBO Rate Advances, or (c) not reborrow all or any portion of such Offered Rate Advance.

  • At least three (3) Business Days prior to the last day of the Interest Period with respect to each LIBO Rate Advance, the Borrower shall give Lender written notice specifying whether all or a portion of any LIBO Rate Advance outstanding on such date (a) is to be repaid and then reborrowed in whole or in part as a LIBO Rate Advance, (b) is to be repaid and then reborrowed in whole or in part as an Offered Rate Advance, (c) is to be repaid and not reborrowed.

  • On the date indicated by the Borrower, such Offered Rate Advance shall be so repaid and, as applicable, reborrowed.

  • The cases in which this approach was developed are employment discrimination cases.

  • At least three (3) Business Days prior to the last day of the Interest Period with respect to each Offered Rate Advance, the Borrower shall give Lender written notice specifying whether all or a portion of such Offered Rate Advance is to be repaid and then reborrowed in whole or in part as a LIBO Rate Advance.

  • The Swing Line Lender shall have no obligation to make an Offered Rate Advance.

Related to Offered 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).

  • 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).

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

  • 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.

  • 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.

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

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

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

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

  • 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.

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

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

  • CDOR Rate Loan means a Loan denominated in Canadian Dollars the rate of interest applicable to which is based on the CDOR Rate.

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

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

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

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

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

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

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