Overnight Transaction Loan Rate definition

Overnight Transaction Loan Rate means, with respect to a Swingline Advance, a rate equal to the sum of (i) the Overnight Transaction Loan Effective Rate plus (ii) 0.75 percent (75 basis points) per annum.
Sample 1
Overnight Transaction Loan Rate means for any Tranche C Loan on ------------------------------- any day such Tranche C Loan is outstanding the rate per annum determined by the Administrative Agent for such day to be its overnight transaction loan rate plus one percent (1.00%).
Sample 1
Overnight Transaction Loan Rate means, with respect to a Swing Line Loan, a rate equal to the sum of (1) the Overnight Transaction Loan Effective Rate plus (ii) the Applicable Margin.
Sample 1

Examples of Overnight Transaction Loan Rate in a sentence

  • Each Swing Line Loan shall bear interest on the outstanding principal amount thereof, for each day from and including the day such Swing Line Loan is made to but excluding the date it is paid, at a rate per annum equal to the Overnight Transaction Loan Rate for such day.

  • The amount of reversal is recognized in the income statement within the line item of net gains/losses on the reversal of impairment/impairment of financial assets not measured at fair value through profit or loss.

  • The Company shall pay interest to each Multi-Year Swing Line Lender on such Multi-Year Swing Line Lender’s Multi-Year Swing Line Percentage Share of Multi-Year Swing Loans and each Short Term Swing Line Lender on such Short Term Swing Line Lender’s Short Term Swing Line Percentage Share of Short Term Swing Loans outstanding, as applicable, from the date advanced to but not including the date of payment thereof, at the Overnight Transaction Loan Rate.

  • The Company shall pay interest to each Multi-Year Swing Line Lender on such Multi-Year Swing Line Lender's Multi-Year Swing Line Percentage Share of Multi-Year Swing Loans and each Short Term Swing Line Lender on such Short Term Swing Line Lender's Short Term Swing Line Percentage Share of Short Term Swing Loans outstanding, as applicable, from the date advanced to but not including the date of payment thereof at the Overnight Transaction Loan Rate.

  • Tranche C -------------------------------------------- Loans shall be made and/or maintained, at the election of the Company made from time to time as permitted herein, at (i) the Overnight Transaction Loan Rate and/or (ii) to the extent permitted pursuant to Paragraph 3(e) below, the Buy-Down Rate.

  • Any Tranche C Loans outstanding which are not matched by Buy-Down Deposits maintained with the Tranche C Lender during the applicable monthly computation period pursuant to a Buy-Down Letter shall accrue interest at the Overnight Transaction Loan Rate, as provided in Paragraph 3(c) above.

  • The Company shall pay interest to each Swing Line Lender on such Swing Line Lender's Swing Line Percentage Share of Swing Loans outstanding from the date advanced to but not including the date of payment thereof at the Overnight Transaction Loan Rate.


More Definitions of Overnight Transaction Loan Rate

Overnight Transaction Loan Rate means on any day the rate per annum determined by the Lead Administrative Agent for such day to be its transaction loan rate, plus the Pricing Spread.
Sample 1
Overnight Transaction Loan Rate means, for any overnight period, a rate per annum determined by Bank One, at the time of the loan request, to be its overnight transaction rate. Bank One shall advise the Borrower of the applicable rate upon such loan request. Bank One requires borrowing notices for such Loans to be given no later than 12:00 p.m. (Chicago time). Bank One requires that such Loans be automatically continued each day at the Overnight Transaction Loan Rate (at the time of automatic continuation identified below) unless the Borrower either provides Bank One with notice converting such Loan to another Type of Loan or actually prepays the loan. The timing for such an automatic continuation (i.e. a "rollover") of a Loan based on the Overnight Transaction Loan Rate shall be 12:00 p.m. (Chicago time). Interest on such Loans shall accrue and be payable on the date any such Loan (or portion thereof) is paid or converted to another type of Loan and in any event on the last day of each month.
Sample 1
Overnight Transaction Loan Rate means on any day the rate per annum determined by the Credit Agent for such day to be its transaction loan rate, plus the Pricing Spread. "Parent" shall mean Countrywide Credit Industries, Inc., a Delaware corporation.
Sample 1
Overnight Transaction Loan Rate means on any day the rate per annum determined by the ------------------------------- Managing Administrative Agent for such day to be its transaction loan rate, plus the Pricing Spread. "Parent" shall mean Countrywide Credit Industries, Inc., a Delaware corporation. ------ "Parent Guaranty" shall mean a guaranty duly executed by the Parent in the form of that --------------- attached hereto as Glossary Exhibit G. ------------------ "Parent Subordination Agreement" shall mean a subordination agreement in the form of ------------------------------ Glossary Exhibit H attached hereto, as the same may be amended, extended or replaced from time to time. ------------------ "Parent Notes" shall mean all promissory notes or other Indebtedness issued by the Parent ------------ pursuant to either of those certain Form S-3 Registration Statements filed on behalf of the Parent with the Securities and Exchange Commission on January 20, 1988, and July 25, 1989, respectively, as the same may be amended, extended or supplemented from time to time. "Participant" shall mean a Person to whom has been sold an undivided participation interest ----------- in the Obligations as permitted under the Credit Documents. "PBGC" shall mean the Pension Benefit Guaranty Corporation established pursuant to ---- Subtitle A of Title IV of ERISA and any successor agency. "Person" shall mean any corporation, limited liability company, natural person, firm, joint ------ venture, partnership, trust, unincorporated organization, government or any department or agency of any government. "Plan" shall mean as to any Person, any pension plan that is covered by Title IV of ERISA ---- and in respect of which such Person or a Commonly Controlled Entity of such Person is an "employer" as defined in Section 3(5) of ERISA. "Pool Loan Purchases" shall mean that dollar amount shown as such on the balance sheet of ------------------- the Company as of the end of the calendar month immediately preceding the month in which "Pool Loan Purchases" is calculated. "Potential Default" shall mean an event which but for the lapse of time or the giving of ----------------- notice, or both, would constitute an Event of Default. "Pre-Funding Notice" shall mean: (a) with respect to Multi-Year Loans, a notice in the form ------------------ of Glossary Exhibit I-1 attached hereto, and (b) with respect to Short Term Loans, a notice in the form of -------------------- Glossary Exhibit I-2 attached hereto. --------------------...
Sample 1
Overnight Transaction Loan Rate set forth in Paragraph 16 of the Agreement are hereby amended to read in their entirety as follows:
Sample 1

Related to Overnight Transaction Loan Rate

  • Term Loan Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • Loan Rate for any Mortgage Loan and on any day means the per annum rate of interest applicable under the related Credit Line Agreement to the calculation of interest for the day on the Asset Balance of the Mortgage Loan.

  • Revolving Interest Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • Net Loan Rate With respect to any Mortgage Loan (or the related REO Property), as of any date of determination, a per annum rate of interest equal to the then applicable Loan Rate for such Mortgage Loan minus the related Servicing Fee Rate and the Master Servicing Fee Rate.

  • 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).

  • Maximum Revolving Advance Amount means $25,000,000.

  • 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.

  • Reinvestment Prepayment Date with respect to any Reinvestment Event, the earlier of (a) the date occurring twelve months after such Reinvestment Event and (b) the date on which the Borrower shall have determined not to, or shall have otherwise ceased to, acquire or repair assets useful in the Borrower’s business with all or any portion of the relevant Reinvestment Deferred Amount.

  • Reinvestment Prepayment Amount with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to acquire or repair assets useful in the Borrower’s business.

  • Prepayment Interest Excess Amount With respect to any Principal Prepayment in full which is applied to the related Mortgage Loan from the first day of the month of any Remittance Date through the sixteenth day of the month of such Remittance Date, all amounts paid in respect of interest on such Principal Prepayment in full. A Prepayment Interest Excess Amount cannot result from a Principal Prepayment in part, but only from a Principal Prepayment in full.

  • 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.

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

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Obligations included in the Adjusted Aggregate Eligible Collateral Obligation Balance, the number obtained by (i) summing the products obtained by multiplying (a) the Advance Rate of each such Eligible Collateral Obligation by (b) such Eligible Collateral Obligation’s contribution to the Adjusted Aggregate Eligible Collateral Obligation Balance and (ii) dividing such sum by the Adjusted Aggregate Eligible Collateral Obligation Balance.

  • Senior Prepayment Percentage For any Distribution Date during the five years beginning on the first Distribution Date, 100%. The Senior Prepayment Percentage for any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date will, except as provided herein, be as follows: for any Distribution Date in the first year thereafter, the Senior Percentage plus 70% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the second year thereafter, the Senior Percentage plus 60% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the third year thereafter, the Senior Percentage plus 40% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the fourth year thereafter, the Senior Percentage plus 20% of the Subordinated Percentage for such Distribution Date; and for any Distribution Date thereafter, the Senior Percentage for such Distribution Date (unless on any Distribution Date the Senior Percentage exceeds the initial Senior Percentage, in which case the Senior Prepayment Percentage for such Distribution Date will once again equal 100%). Notwithstanding the foregoing, no decrease in the Senior Prepayment Percentage will occur unless both of the Senior Step Down Conditions are satisfied.

  • Applicable Advance Rate For each Collateral Obligation and for the applicable number of Business Days between the certification date for a sale or participation required by Section 9.4 and the expected date of such sale or participation, the percentage specified below: Senior Secured Loans with a Market Value of: 90% or more of par 100 % 93 % 92 % 88 % Below 90% of par 100 % 80 % 73 % 60 % Other Collateral Obligations with a Xxxxx’x Rating of at least “B3” and a Market Value of 90% or more of par 100 % 89 % 85 % 75 % All other Collateral Obligations 100 % 75 % 65 % 45 %

  • Maximum Loan Rate With respect to each Mortgage Loan, the percentage set forth in the related Mortgage Note as the maximum Loan Rate thereunder.

  • Maximum Stock Loan Rate As provided in Annex A to this Confirmation.

  • Interest Reserve Loan Each Actual/360 Mortgage Loan.

  • Principal Prepayment Amount For any Distribution Date and for any Loan Group, the sum with respect to the Mortgage Loans in such Loan Group of (i) Curtailments received during the Prior Period from such Mortgage Loans and (ii) Payoffs received during the Payoff Period from such Mortgage Loans.

  • Adjustable Rate Mortgage Loan A Mortgage Loan serviced pursuant to this Agreement under which the Mortgage Interest Rate is adjusted from time to time in accordance with the terms and provisions of the related Mortgage Note.

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 hereof.

  • Available Spread Account Amount means, for any Transfer Date, an amount equal to the lesser of (a) the amount on deposit in the Spread Account (exclusive of Investment Earnings on such date and before giving effect to any deposit to, or withdrawal from, the Spread Account made or to be made with respect to such date) and (b) the Required Spread Account Amount, in each case on such Transfer Date.

  • Mortgage Loan Rate means, as of any date of determination, the weighted average of the Note A Rate and the Note B Rate.

  • Initial Stock Loan Rate means, in respect of a Share, the Initial Stock Loan Rate specified in relation to such Share in the applicable Pricing Supplement.

  • Loan Combination Custodial Account means the “Loan Combination Custodial Account” or analogous account established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Prepayment Period With respect to any Distribution Date, the calendar month preceding the calendar month in which such Distribution Date occurs.