Offshore Rate Loans definition

Offshore Rate Loans means any portion of the Loans which bears interest at a rate determined by reference to the Offshore Rate (Reserve Adjusted).
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Offshore Rate Loans means Loans bearing interest at rates determined by reference to the Adjusted Offshore Rate as provided in subsection 2.2A.
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Offshore Rate Loans any Eurocurrency Rate Advances and Eurocurrency Bid Loans.
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Examples of Offshore Rate Loans in a sentence

  • If the Company does not revoke such Notice, the Banks 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 Loans instead of Offshore Rate Loans.

  • If the Notice of Borrowing fails to specify the duration of the Interest Period for any Borrowing comprised of Offshore Rate Loans, such Interest Period shall be three months.

  • Upon receipt of such notice, Borrower may revoke any pending request for a Borrowing of Offshore Rate Loans or, failing that, be deemed to have converted such request into a request for a Borrowing of Base Rate Loans in the amount specified therein.

  • Thereafter, the obligation of the Banks to make or maintain Offshore Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing.

  • 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 Loans instead of Offshore Rate Loans.

  • The exercise by the Company of the elections specified above shall be subject to the limitation that no more than ten Tranches of Offshore Rate Loans may be outstanding at any one time.

  • Thereafter, the obligation of the Banks to make or maintain Offshore Rate Loans, as the case may be, hereunder shall be suspended until the Agent revokes such notice in writing.

  • If the Notice of Borrowing fails to specify the duration of the Interest Period for any Borrowing comprised of Offshore Rate Loans, such Interest Period shall be one month.

  • Thereafter, the obligation of the Banks to make or maintain Offshore Rate Loans hereunder shall be suspended until the Agent upon the instruction of the Majority Banks revokes such notice in writing.

  • If the Loan Request fails to specify the duration of the Interest Period for any Borrowing comprised of Offshore Rate Loans, such Interest Period shall be two weeks.


More Definitions of Offshore Rate Loans

Offshore Rate Loans. Offshore Rate Revolving Loans", "Offshore Rate Term Loans", "Revolving Loan Offshore Rate" and "Term Loan Offshore Rate" are hereby deleted from the Agreement.
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Offshore Rate Loans in any section of the Credit Agreement shall be deemed removed and of no further effect.
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Offshore Rate Loans. With an Applicable Interest Period of months. The Loan requested herein complies with the proviso to the first sentence of Section 2.1, or Section 2.4(a) as appropriate, of the Loan Agreement. CASCADE CORPORATION, an Oregon corporation By: Name: Title: Page 1 – EXHIBIT B THE UNDERSIGNED, being the of CASCADE CORPORATION, an Oregon corporation, (the “Borrower”) does hereby certify to BANK OF AMERICA, N.A., UNION BANK, N.A. (the “Lenders”) and BANK OF AMERICA, N.A., as agent for Lenders (in such capacity, the “Agent”) under the Loan Agreement (as hereinafter defined), as follows: 1. This Certificate is given pursuant to Section 6.10(c) of that certain Amended and Restated Loan Agreement dated as of August 29, 2011 by and among the Borrower, the Lenders and the Agent (as the same may be amended, modified or extended from time to time the “Loan Agreement”). Capitalized terms not otherwise defined in this Certificate shall have the meanings set forth in the Loan Agreement. 2. The financial statements for the Fiscal Quarter ended , 20 delivered with this Certificate pursuant to the requirements of Section 6.10(c) of the Loan Agreement have been prepared in accordance with GAAP and present fairly the consolidated financial position and the results of operations of the Borrower and its Subsidiaries as of the end of and for such fiscal period. 3. There has not existed during the fiscal quarter ended , 20 and there does not now exist any Default or Event of Default under the Loan Agreement. 4. The computations and descriptions set forth in Schedule 1 hereto demonstrate compliance with the financial covenants in Section 7.12 of the Loan Agreement.
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Offshore Rate Loans any Eurodollar Rate Advances.
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Related to Offshore Rate Loans

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

  • LIBOR Rate Loans means the Loans bearing interest with reference to the LIBOR Rate.

  • Eurodollar Rate Loans means any Loans or portion thereof on which interest is payable based on the Adjusted Eurodollar Rate in accordance with the terms hereof.

  • 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).

  • Prime Rate Loans means any Loans or portion thereof on which interest is payable based on the Prime Rate in accordance with the terms thereof.

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

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

  • 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.

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

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

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

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

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • Canadian Prime Rate Loans means any Canadian Dollar Revolving Loan during the period which it bears interest at a rate determined by reference to the Canadian Prime Rate.

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

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

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

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

  • 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).

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

  • Canadian Prime Rate Loan means a Tranche B Loan denominated in Canadian Dollars that bears interest based on the Canadian Prime Rate.

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

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

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