Overnight Rate Loan definition

Overnight Rate Loan means each European Swing Line Loan which bears interest at a rate determined with reference to the Overnight Euro Rate or the Overnight LIBOR Rate, as applicable based on the Alternative Currency borrowed.
Sample 1Sample 2Sample 3
Overnight Rate Loan means a Loan which bears interest at the Overnight Rate Basis.
Sample 1Sample 2
Overnight Rate Loan means each Multicurrency Swingline Loan that bears interest at a rate determined with reference to the Overnight LIBOR Rate based on the Foreign Currency borrowed.
Sample 1Sample 2

Examples of Overnight Rate Loan in a sentence

  • Each Swingline Loan shall be (x) an ABR Loan or a Swingline Overnight Rate Loan in the case of a Swingline Loan to the Company denominated in Dollars or (y) a Foreign Swingline Loan in the case of a Swingline Loan to MK Holdings or MK Switzerland denominated in any Agreed Currency (other than Canadian Dollars).

  • Each Swing Line Loan denominated in (i) Canadian Dollars shall be a Canadian Prime Rate Loan, (ii) Euro shall be a Euro Overnight Rate Loan and (iii) Sterling shall be a Sterling Overnight Rate Loan.

  • Working with the Commission, the County will develop a Public Art Master Plan (“Plan”).

  • The Swing Line Lender at any time in its sole discretion may request, on behalf of each Borrower (which hereby irrevocably authorizes the Swing Line Lender to so request on its behalf), that each Lender make a Base Rate Loan, €STR Loan or Overnight Rate Loan, as applicable, in an amount equal to such Lender’s Commitment Percentage of the amount of Swing Line Loans then outstanding.

  • Each Loan which is an Overnight Rate Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Overnight Rate as in effect from time to time p lus the Applicable Margin with respect to Overnight Rate Loans as in effect from time to time.

  • Each Foreign Swing Line Loan borrowed by Barnes Germany, Barnes Luxembourg and/or Barnes Switzerland shall be an Overnight Rate Loan or an €STR Loan.

  • Until each Lender funds its Base Rate Loan, €STR Loan, Overnight Rate Loan or risk participation pursuant to this §2.9 to refinance such Lender’s Commitment Percentage of any Swing Line Loan, interest in respect of such Commitment Percentage shall be solely for the account of the Swing Line Lender.

  • Each Borrower agrees to pay interest in respect of the unpaid principal amount of such Borrower’s Overnight Rate Loans from the date the proceeds thereof are made available to such Borrower until the maturity of such Overnight Rate Loan at a rate per annum equal to the Overnight Euro Rate or Overnight LIBOR Rate, as applicable.


More Definitions of Overnight Rate Loan

Overnight Rate Loan means each EuropeanMulticurrency Swing Line Loan which bears interest at a rate determined with reference to the Overnight Euro Rate or the Overnight LIBOR Rate, as applicable, based on the Alternative Currency borrowed.
Sample 1Sample 2
Overnight Rate Loan means any Loan that bears interest based on the ------------------- Overnight Rate. Participant - see subsection 12.8(c). ----------- ------------------ PBGC means the Pension Benefit Guaranty Corporation, or any ---- Governmental Authority succeeding to any of its principal functions under ERISA.
Sample 1
Overnight Rate Loan is added to read as follows:
Sample 1

Related to Overnight Rate Loan

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

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

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

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

  • LIBOR Rate Loan means a Loan that bears interest based on LIBOR.

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

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

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

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

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

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

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

  • 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.

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

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

  • 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.

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

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

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

  • Canadian Prime Rate Loan means any Loan made to the Borrower in Canadian Dollars which bears interest based upon the Canadian Prime Rate as provided in Section 4.1(a).

  • 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.

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

  • LIBOR Loan means any portion of a Loan (other than a Base Rate Loan) bearing interest at a rate based on LIBOR.

  • 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).