Quoted Swingline Rate definition

Quoted Swingline Rate shall have the meaning assigned to such term in Section 2.6(a).
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Quoted Swingline Rate means a rate to be agreed upon from time to time by the Swingline Lender and the US Borrower.
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Quoted Swingline Rate as defined in Section 2.4(a).
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Examples of Quoted Swingline Rate in a sentence

  • Each Quoted Swingline Loan shall be made only by the Swingline Lender furnishing the relevant Quoted Swingline Rate.

  • Swingline Loans shall, at the election of the Company, bear interest at (i) the Alternate Base Rate plus the Applicable Rate or (ii) the Quoted Swingline Rate (if agreed upon by the Swingline Lender and the Company).

  • Subject to the provisions of this Section 5.1, at the election of the Domestic Borrower, each Swingline Loan shall bear interest at (A) the Base Rate plus the Applicable Margin as set forth in Section 5.1(c) or (B) the Quoted Swingline Rate (if agreed upon by the Swingline Lender and the Domestic Borrower).

  • The Loans comprising each Swingline Borrowing shall bear interest at a rate per annum equal to the relevant Quoted Swingline Rate.

  • Each Swingline Loan shall be made as an ABR Loan or shall be made subject to a Quoted Swingline Rate, and shall be repaid with all interest accrued thereon at the expiration of the Quoted Swingline Rate Interest Period applicable thereto, if any, but in no event later than seven days after the date such Swingline Loan is advanced to the Company.

  • The Domestic Borrower shall select the rate of interest applicable to any Swingline Loan at the time a Notice of Borrowing is given pursuant to Section 2.4. Each Swingline Loan or portion thereof bearing interest based on the Base Rate shall be a "Base Rate Loan" and each Swingline Loan or portion thereof bearing interest based on the Quoted Swingline Rate shall be a "Quoted Swingline Rate Loan".

  • Subject to the provisions of this Section --------------- 5.1, at the election of the Company, on behalf of the Borrowers, each Swingline Loan shall bear interest at (i) the Base Rate plus the Applicable Margin as set ---- forth below or (ii) the Quoted Swingline Rate (if agreed upon by the Swingline Lender and the Company).

  • The Company, on behalf of the Borrowers, shall select the rate of interest applicable to any Swingline Loan at the time a Notice of Revolving Credit/Swingline Borrowing is given pursuant to Section 2.3. Each Swingline Loan or portion thereof bearing interest based on the Quoted Swingline Rate shall be a "Quoted Swingline Rate Loan".

  • The Borrower and each Swingline Lender shall promptly notify the Administrative Agent of the date and amount of any Swingline Loan made to it or by it, as the case may be, and the Quoted Swingline Rate applicable thereto.

  • The Domestic Borrower shall select the rate of interest applicable to any Swingline Loan at the time a Notice of Borrowing is given pursuant to Section 2.4. Each Swingline Loan or portion thereof bearing interest based on the Base Rate shall be a “Base Rate Loan” and each Swingline Loan or portion thereof bearing interest based on the Quoted Swingline Rate shall be a “Quoted Swingline Rate Loan”.


More Definitions of Quoted Swingline Rate

Quoted Swingline Rate means a fixed rate of interest quoted by the Swingline Lender to the Company, and accepted by the Company, pursuant to Section 2.05 to be applicable to a Swingline Loan as specified by the Company for a Quoted Swingline Rate Interest Period.
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Quoted Swingline Rate shall have the meaning assigned to such term in Section 3.02(a)(i).
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Related to Quoted Swingline Rate

  • Swingline Rate means the Base Rate plus the Applicable Margin applicable to Base Rate Loans.

  • Swing Line Rate means, (a) in respect of Swing Line Loans made in US Dollars or any Alternate Currency other than Canadian Dollars, for any Interest Period, the sum of (i) the rate per annum determined by the applicable Swing Line Agent as the rate of interest (rounded upward to the next 1/100th of 1%) at which deposits in the relevant currency for delivery on the first day of such Swing Line Loan in Same Day Funds in the approximate amount of the Swing Line Loan being made by such Swing Line Agent (or its affiliate) and with a term equivalent to such Interest Period would be offered by BNP Paribas London to major banks in the London or other offshore interbank market for such currency at their request at approximately 11:00 a.m. (London time) on the first day of such Swing Line Loan and (ii) the Applicable Rate, (b) in the case of Swing Line Loans made in Canadian Dollars, the sum of (i) the Canadian Prime Rate and (ii) the Applicable Rate and (c) in the case of Swing Line Loans made in Australian Dollars, for any Interest Period, the sum of (i) the rate per annum determined by the applicable Swing Line Agent as the rate of interest (rounded upward to the next 1/100th of 1%) at which deposits in Australian Dollars for delivery on the first day of such Swing Line Loan in Same Day Funds in the approximate amount of the Swing Line Loan being made by such Swing Line Agent (or its affiliate) and with a term equivalent to such Interest Period would be offered by BNP Paribas, Sydney Branch to major banks in Sydney at their request at approximately 11:00 a.m. (Sydney time) on the first day of such Swing Line Loan and (ii) the Applicable Rate.

  • Alternative Currency Daily Rate means, for any day, with respect to any Credit Extension:

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

  • Eurodollar Margin means a rate per annum determined in accordance with the Pricing Schedule.

  • Euro-Dollar Margin means a rate per annum determined in accordance with the Pricing Schedule.

  • Revolving Credit Advances means advances of principal on the Revolving Credit Loan by the Bank under the terms of this Loan Agreement to the Borrower during the term of the Revolving Credit Loan pursuant to Section 3.1.

  • Applicable Prime Rate Margin shall have the meaning provided in section 2.7(g).

  • Applicable Revolver LIBOR Margin means the per annum interest rate from time to time in effect and payable in addition to the LIBOR Rate applicable to the Revolving Loan, as determined by reference to Section 1.5(a).

  • Canadian Base Rate means, at any time, the annual rate of interest equal to the greater of (a) the annual rate from time to time publicly announced by Agent (or a bank that is listed on Schedule 1 of the Bank Act (Canada) acceptable to Agent) as its prime rate in effect for determining interest rates on Canadian Dollar denominated commercial loans made in Canada and (b) the annual rate of interest equal to the sum of the 30-day BA Rate at such time plus 1% percent per annum.

  • Euro-Dollar Rate means a rate of interest determined pursuant to Section 2.07(b) on the basis of a London Interbank Offered Rate.

  • Alternative Currency Term Rate means, for any Interest Period, with respect to any Credit Extension:

  • 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.

  • Canadian Dollar Equivalent of any amount which is expressed in United States Dollars means, on any date, the Canadian dollar equivalent of such amount determined by multiplying such amount by the U.S. - Canadian Exchange Rate in effect on such date;

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

  • LIBOR Applicable Margin means, as of any date with respect to any LIBOR Interest Period, the Applicable Margin in effect for such LIBOR Interest Period as determined in accordance with Section 2.4 hereof.

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

  • 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.

  • Quoted Rate means the rate of interest per annum offered by the Swing Line Bank in its sole discretion with respect to a Swing Line Advance.

  • Revolving Credit Loan has the meaning specified in Section 2.01(b).

  • Eurodollar Rate Margin means the margin over the Eurodollar Rate used in determining the rate of interest of Eurodollar Rate Loans pursuant to subsection 2.2A.

  • borrowing rate means the interest rate expressed as a fixed or variable percentage applied on an annual basis to the amount of credit drawn down;

  • Applicable Eurodollar Margin means, as at any date of determination, the rate per annum then applicable to Eurodollar Rate Loans determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

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

  • Revolving Dollar Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Syndicated Loans, and its LC Exposure and Swingline Exposure, at such time made or incurred under the Dollar Commitments.