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.
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Overnight Rate Loan means a Loan (or any portion thereof) bearing interest based on the Overnight Rate.
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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.
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Examples of Overnight Rate Loan in a sentence

  • Accrued and unpaid interest on each Base Rate Loan and each Overnight Rate Loan shall be payable in arrears on (i) with respect to interest accrued during a calendar month, the fifteenth day of the immediately succeeding calendar month, and (ii) with respect to all accrued and unpaid interest, on the Termination Date.

  • Each Borrowing of or conversion to an Overnight Rate Loan shall be in a principal amount of $1,000,000 or a whole multiple of $100,000 in excess thereof.


More Definitions of Overnight Rate Loan

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.
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Overnight Rate Loan means a Euro Overnight Rate Loan or a Sterling Overnight Rate Loan.
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Overnight Rate Loan is added to read as follows:
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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.
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Related to Overnight Rate Loan

  • Reference Rate Loan means each portion of a Loan that bears interest at a rate determined by 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 Term Loan bearing interest at a rate determined by reference to the Prime Rate in accordance with the provisions of Article II.

  • 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.

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

  • 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.

  • 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.

  • 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.

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

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

  • 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).