Offshore Rate Committed Loan definition

Offshore Rate Committed Loan means any Committed Loan that bears interest based on the LIBO Rate.
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Offshore Rate Committed Loan means any Committed Loan that bears interest based on the Offshore Rate.
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Offshore Rate Committed Loan means a Committed Loan that bears interest based on the Offshore Rate. An Offshore Rate Committed Loan may be an Offshore Currency Loan or a Loan denominated in Dollars.
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Examples of Offshore Rate Committed Loan in a sentence

  • The Company shall repay each Offshore Rate Committed Loan and each Bid Loan on the last day of the relevant Interest Period.

  • If the Company does not revoke such Notice, the Lenders shall make, convert or continue the Loans, as proposed by the Company, in the amount specified in the applicable notice submitted by the Company, but such Loans shall be made, converted or continued as Base Rate Committed Loans instead of Offshore Rate Committed Loan.

  • Any such automatic continuation of an Offshore Rate Committed Loan shall be effective as of the last day of the Interest Period then in effect with respect to the applicable Offshore Rate Committed Loans.

  • The Company shall repay each Offshore Rate Committed Loan on the last day of the relevant Interest Period.

  • If the Company is required to so prepay any Offshore Rate Committed Loan, then concurrently with such prepayment, the Company shall borrow from the affected Bank, in the amount of such repayment, a Base Rate Committed Loan.

  • The Companies shall repay each Offshore Rate Committed Loan and each Bid Loan on the last day of the relevant Interest Period.

  • Unless the Majority Banks otherwise agree, during the existence of a Default or Event of Default, the Company may not elect to have a Committed Loan converted into or continued as an Offshore Rate Committed Loan.

  • Unless the Majority Banks otherwise consent, during the existence of a Default or Event of Default, the Company may not elect to have a Committed Loan denominated in Dollars converted into or continued as an Offshore Rate Committed Loan denominated in Dollars or an Offshore Currency Loan continued on the basis of an Interest Period exceeding one month.

  • COMMITTED LOAN means a Loan by a Lender to the Company under SECTION 2.1, which may be a Base Rate Committed Loan or an Offshore Rate Committed Loan (each a "TYPE" of Committed Loan).

  • If the Company is required to so prepay any Offshore Rate Committed Loan, then concurrently with such prepayment, the Company shall borrow from the affected Lender, in the amount of such repayment, a Base Rate Committed Loan.


More Definitions of Offshore Rate Committed Loan

Offshore Rate Committed Loan means any Committed Loan that bears interest based on the LIBOR Rate.
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Offshore Rate Committed Loan means any Committed Loan
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Offshore Rate Committed Loan means a Committed Loan ---------------------------- that bears interest based on the Offshore Rate. Organization Documents means (i) for any corporation, ---------------------- the certificate of incorporation, the bylaws, any certificate of determination or instrument relating to the rights of preferred shareholders of such corporation, any shareholder rights agreement, and all applicable resolutions of the board of directors (or any committee thereof) of such corporation, (ii) for any partnership or joint venture, the partnership or joint venture agreement and any other organizational document of such entity, (iii) for any limited liability company, the certificate or articles of organization, the operating agreement and any other organizational document of such limited liability company, (iv) for any trust, the declaration of trust, the trust agreement and any other organizational document of such trust and (v) for any other entity, the document or agreement pursuant to which such entity was formed and any other organizational document of such entity.
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Related to Offshore Rate Committed Loan

  • Base Rate Committed Loan means a Committed Loan that is a Base Rate Loan.

  • Offshore Rate Loan means a Loan that bears interest based on the Offshore Rate.

  • Committed Loan has the meaning specified in Section 2.01.

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

  • Committed Loans means loans made pursuant to Section 2.1(a).

  • Eurocurrency Rate Advance means a Revolving Credit Advance or a Term Loan Advance denominated in Dollars or in an Agreed Currency which bears interest as provided in Section 2.07(b) or a Local Currency Advance which bears interest as provided in Section 2.07(b) and the Local Currency Addendum.

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

  • Reference Rate Loan means any Committed Loan that bears interest at a rate determined with reference to the Reference Rate.

  • Base Rate Revolving Loan means a Revolving Loan that is a Base Rate Loan.

  • 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.

  • LIBO Rate Loan means a Loan bearing interest, at all times during an -------------- Interest Period applicable to such Loan, at a fixed rate of interest determined by reference to the LIBO Rate (Reserve Adjusted).

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • Alternative Currency Daily Rate Loan means a 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.

  • Base Rate Loans Loans the rate of interest applicable to which is based upon the Base Rate.

  • Revolving Loan has the meaning specified in Section 2.01(a).

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

  • Base Rate Loan means a Loan that bears interest based on the Base Rate.