Pro Rata Loans definition

Pro Rata Loans shall have the meaning ascribed to such term in Section 2.01.
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Pro Rata Loans means the Loans made pursuant to subsection 2.1A. Pro Rata Loans may be Base Rate Loans and/or Eurodollar Rate Loans. Pro Rata Loans do not include any Bid Rate Loans or Swing Line Loans.
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Pro Rata Loans. Loans (or any portion thereof) at such time as they (or such portions) are made or are being maintained pursuant to paragraph 2.3(a).
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Examples of Pro Rata Loans in a sentence

  • Any conversion into or continuation of Eurodollar Rate Loans under this Section 5.1(c) shall be in a minimum amount of $1,000,000 and in integral multiples of $100,000 in excess of that amount, except in the case of a conversion into or a continuation of an entire Borrowing of Non Pro Rata Loans.

  • Any conversion into or continuation of Eurodollar Rate Loans under this Section 5.1(c) shall be in a minimum amount of $3,000,000 and in integral multiples of $500,000 in excess of that amount, except in the case of a conversion into or a continuation of an entire Borrowing of Non Pro Rata Loans.

  • Any conversion into or continuation of Eurodollar Rate Loans or IBOR Rate Loans under this Section 5.1(c) shall be in a minimum amount of $1,000,000 and in integral multiples of $100,000 in excess of that amount, except in the case of a conversion into or a continuation of an entire Borrowing of Non Pro Rata Loans.

  • Any conversion into or continuation of Eurodollar Rate Loans under this Section 5.01(c) shall be in a minimum amount of $1,000,000 and in integral multiples of $100,000 in excess of that amount except in the case of a conversion into or a continuation of an entire Borrowing of Non Pro Rata Loans.

  • The Company's obligation to repay the Pro Rata Loans shall be evidenced by Pro Rata Notes, one such Pro Rata Note payable to the order of each Bank.

  • Each Bank is authorized to indicate upon the grid attached to its Pro Rata Note all Pro Rata Loans made by it pursuant to this Agreement, interest elections and payments of principal and interest thereon.

  • Eurodollar Pro Rata Loans shall be in the minimum aggregate amount of $5,000,000 or in integral multiples of $100,000 in excess thereof; provided, however, that Eurodollar Pro Rata Loans used to pay Swing Line Advances may be in a minimum aggregate amount of $2,500,000 or in integral multiples of $100,000 in excess thereof.

  • Such notations shall be presumptive as to the aggregate unpaid principal amount of all Pro Rata Loans made by such Bank, and interest due thereon, but the failure by any Bank to make such notations or the inaccuracy or incompleteness of any such notations shall not affect the obligations of the Company hereunder or under the Pro Rata Notes.

  • Any conversion into or continuation of Eurodollar Rate Loans under this Section 5.1(c) shall be in a minimum amount of $1,000,000 -------------- and in integral multiples of $100,000 in excess of that amount, except in the case of a conversion into or a continuation of an entire Borrowing of Non Pro Rata Loans.

  • Except as provided in Section 4.04 or 4.05, the ABR Loans and Eurodollar Pro Rata Loans or portions thereof as to which a Conversion/Continuance Request has been made pursuant to Section 3.05 hereof shall at all times bear interest on the same basis respectively (i.e., as ABR Loans and Eurodollar Pro Rata Loans) and the Interest Periods applicable thereto, if any, shall be of the same duration.


More Definitions of Pro Rata Loans

Pro Rata Loans means those Loans and Letters of Credit related to the respective Facilities included in any determination of the Required Pro Rata Lenders.
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Related to Pro Rata Loans

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Existing Revolving Loans has the meaning specified in Section 2.7(a).

  • Revolving Loan Commitment Percentage means, as to any Lender, (a) on the Closing Date, the percentage set forth opposite such Lender’s name on the Commitment Annex under the column “Revolving Loan Commitment Percentage” (if such Lender’s name is not so set forth thereon, then, on the Closing Date, such percentage for such Lender shall be deemed to be zero), and (b) on any date following the Closing Date, the percentage equal to the Revolving Loan Commitment Amount of such Lender on such date divided by the Revolving Loan Commitment on such date.

  • Other Revolving Loans means the Revolving Loans made pursuant to any Other Revolving Commitment.

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • Commitment Percentage is set forth in Schedule 1.1, as amended from time to time.

  • Swingline Participation Amount as defined in Section 2.7(c).

  • U.S. Revolving Loans has the meaning set forth in Section 2.1(a).

  • New Revolving Loans as defined in Section 2.25.

  • Term Loan Commitment Percentage means, for any Lender, the percentage identified as its Term Loan Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6.

  • Revolving Facility Percentage means, with respect to any Revolving Facility Lender of any Class, the percentage of the total Revolving Facility Commitments of such Class represented by such Lender’s Revolving Facility Commitment of such Class. If the Revolving Facility Commitments of such Class have terminated or expired, the Revolving Facility Percentages of such Class shall be determined based upon the Revolving Facility Commitments of such Class most recently in effect, giving effect to any assignments pursuant to Section 9.04.

  • Canadian Revolving Loans means Revolving Loans made to the Canadian Borrower under Section 2.2, including Bankers’ Acceptance Advances.

  • Revolving Commitment Percentage means, for each Lender, the percentage identified as its Revolving Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6(c).

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Advances Outstanding On any day, the aggregate principal amount of all Advances outstanding on such day, after giving effect to all repayments of Advances and the making of new Advances on such day.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01(b). Unless the context otherwise requires, the term “Revolving Facility Loans” shall include the Other Revolving Loans.

  • Unutilized Revolving Loan Commitment means, with respect to any Lender at any time, such Lender’s Revolving Loan Commitment at such time less the sum of (i) the aggregate outstanding principal amount of all Revolving Loans made by such Lender at such time and (ii) such Lender’s RL Percentage of the Letter of Credit Outstandings at such time.

  • Unused Revolving Commitment means, for any Lender at any time, the excess of (i) such Lender’s Revolving Commitment at such time over (ii) such Lender’s Revolving Facility Exposure at such time.

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Class B-2 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-2 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-2 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-2 Prepayment Percentage for such Distribution Date will be zero.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Pending Revolving Loans means, at any time, the aggregate principal amount of all Revolving Loans requested in any Notice of Borrowing received by the Agent which have not yet been advanced.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.