Overnight Loan definition

Overnight Loan means a Loan (or any portion thereof) bearing interest based on the Overnight Rate.
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Overnight Loan has the meaning given in Section 2.1(e).
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Overnight Loan means a Loan made pursuant to Section 5.01.
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Examples of Overnight Loan in a sentence

  • All payments and prepayments of principal and interest on any Overnight Loan and all payments of commitment fees payable under Section 2.10(c) hereof shall be made by the Borrower by paying the same in United States Dollars and in immediately available funds to U.S. Bank at its Commercial Loan Service Center, Portland, Oregon not later than 3:00 p.m. (Portland time) on the date on which such payment or prepayment shall become due.

  • The Administrative Agent will promptly notify the Lenders of any termination or reduction of the Overnight Loan Sublimit, Swing Line Sublimit or the Aggregate Revolving Commitments under this Section 2.05.

  • The Borrower's right to select an Interim Rate to apply to an Overnight Loan or any portion thereof shall be subject to the following conditions: (i) the aggregate of all Overnight Loans or portions thereof to accrue interest at a particular Interim Rate shall be an integral multiple of One Hundred Thousand Dollars ($100,000) and not less than One Million Dollars ($1,000,000); and (ii) no Default or Event of Default shall have occurred and be continuing.

  • Any individual who becomes an employee of the company for the purpose of installing and maintaining the equipment covered by this Agreement, after the signing of this Agreement shall, as a condition of employment, become a member of the Union on or before thirty-one (31) days after his date of employment.

  • Notwithstanding anything herein to the contrary, in no event shall the Borrower be permitted to borrow an Overnight Loan if, immediately after giving effect thereto, the aggregate outstanding principal amount of all Overnight Loans would exceed $35,000,000.

  • Loan Periods Overnight Loan (due at opening time the following day)1.

  • Notwithstanding anything herein to the contrary, in no event shall the Borrower be permitted to borrow an Overnight Loan if, immediately after giving effect thereto, the aggregate outstanding principal amount of all Overnight Loans would exceed $40,000,000.

  • Interest on each Prime Loan, or Overnight Loan, as the case may be, shall be calculated on the basis of a year of 360 days for the actual number of days elapsed for any payment period.

  • The Client acknowledges and agrees that failure to perform pursuant to this paragraph shall represent an instruction from the Client to BCS to enter into a legally binding Overnight REPO, Overnight Reverse Repo, Overnight Securities Lending, Overnight Securities Borrowing, Overnight Currency Swap or Overnight Loan Transactions (‘Roll-Over Transactions’).

  • Each Overnight Loan shall bear interest as set forth in Section 2.


More Definitions of Overnight Loan

Overnight Loan means a Loan (or any portion thereof) bearing interest based on the One-month Eurodollar Ratepursuant to clause (b) of the defined term Term SOFR.
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Overnight Loan means any Reference Loan or Daily Pricing Loan made under Articles II and V of this Agreement.
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Related to Overnight Loan

  • Overnight Bank Funding Rate means, for any day, the rate comprised of both overnight federal funds and overnight Eurodollar borrowings by U.S.-managed banking offices of depository institutions (as such composite rate shall be determined by the NYFRB as set forth on its public website from time to time) and published on the next succeeding Business Day by the NYFRB as an overnight bank funding rate (from and after such date as the NYFRB shall commence to publish such composite rate).

  • Overnight Foreign Currency Rate means, for any amount payable in a Foreign Currency, the rate of interest per annum as determined by the Administrative Agent at which overnight or weekend deposits in the relevant currency (or if such amount due remains unpaid for more than three (3) Business Days, then for such other period of time as the Administrative Agent may elect) for delivery in immediately available and freely transferable funds would be offered by the Administrative Agent to major banks in the interbank market upon request of such major banks for the relevant currency as determined above and in an amount comparable to the unpaid principal amount of the related Credit Event, plus any taxes, levies, imposts, duties, deductions, charges or withholdings imposed upon, or charged to, the Administrative Agent by any relevant correspondent bank in respect of such amount in such relevant currency.

  • Dollar Loan means a Loan denominated in Dollars.

  • 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.

  • Alternate Currency Loan means any Loan denominated in an Alternate Currency.

  • Offshore Currency Loan means any Offshore Rate Loan denominated in an Offshore Currency.

  • Alternative Currency Loan means an Alternative Currency Daily Rate Loan or an Alternative Currency Term Rate Loan, as applicable.

  • Euro-Dollar Business Day means any Domestic Business Day on which commercial banks are open for international business (including dealings in dollar deposits) in London.

  • Revolving Loan means a Loan made pursuant to Section 2.01.

  • 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.

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

  • Euro-Dollar Borrowing has the meaning set forth in Section 1.3.

  • 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)).

  • Euro-Dollar Loan means a Committed Loan which bears interest at a Euro-Dollar Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

  • Eurodollar Loan means any Loan bearing interest at a rate determined by reference to the Eurodollar Rate.

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

  • 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.

  • Multicurrency Loan means a Loan denominated in Dollars or an Agreed Foreign Currency.

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

  • Foreign Currency Loan means any Loan denominated in a Foreign Currency.

  • B/A Equivalent Loan shall have the meaning assigned to such term in Section 2.22(h).

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

  • Eurodollar Business Day means any Business Day on which major commercial banks are open for international business (including dealings in Dollar deposits) in New York, New York and London, England.

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

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

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