Rate of Borrowing definition

Rate of Borrowing. Section 3.5.
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Rate of Borrowing means subject to S. ection 5.05, the rate stipulated in Section 5 �01;
Sample 1

Examples of Rate of Borrowing in a sentence

  • As soon as practicable after 10:00 A.M. (New York time) on each Eurocurrency Interest Determination Date, Agent shall determine (which determination shall, absent manifest error, be final, conclusive and binding upon all parties) the rate of interest (the "Rate of Borrowing") which shall be applicable to the Eurocurrency Loans for the next succeeding Eurocurrency Interest Period and shall promptly give notice thereof in writing or by telephone (confirmed in writing) to Borrower and Lenders.

  • Such applicable rate per annum is herein called the "Rate of Borrowing".

  • The Borrower shall pay, on demand, interest on overdue principal, on overdue interest to the extent permitted by law and on any other overdue payments in connection with this Agreement at a rate :rer annum which is one per cent(]%) per annum in excess of the Rate of Borrowing on the assumption that su ch overdue amount constituted a Loan made under this Agreerrent for successive periods of up to six (6) months as dete�ined by the .Agent, both before and after demand,default and judgement.

  • As soon as practicable after 10:00 A.M. (New York time) on each Eurodollar Interest Determination Date, the Agent shall determine (which determination shall, absent manifest error, be final, conclusive and binding upon all parties) the rate of interest (the "Rate of Borrowing") which shall be applicable to the Eurodollar Loans for the next succeeding Eurodollar Interest Period and shall promptly give notice thereof in writing or by telephone (confirmed in writing) to the Borrower and the Lenders.

Related to Rate of Borrowing

  • 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;

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

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

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.

  • Revolving Credit Borrowing Request means a request made pursuant to Section 2.4 in the form of Exhibit B-4.

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

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • Canadian Borrowing means a Borrowing of Canadian Loans.

  • Notice of Borrowing has the meaning specified in Section 2.02(a).

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • Committed Borrowing means a borrowing consisting of simultaneous Committed Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Lenders pursuant to Section 2.01.

  • Notice of Committed Borrowing has the meaning set forth in Section 2.02.

  • Eurodollar Revolving Borrowing means a Borrowing comprised of Eurodollar Revolving Loans.

  • Swingline Rate means, for any Interest Period, the rate as offered by the Administrative Agent and accepted by the Borrower. The Borrower is under no obligation to accept this rate and the Administrative Agent is under no obligation to provide it.

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

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

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

  • Borrowing Tranche means specified portions of Loans outstanding as follows: (i) any Loans to which a LIBOR Rate Option applies which become subject to the same Interest Rate Option under the same Loan Request by the Borrower and which have the same Interest Period shall constitute one Borrowing Tranche, and (ii) all Loans to which a Base Rate Option applies shall constitute one Borrowing Tranche.

  • ABR Loans Loans the rate of interest applicable to which is based upon the ABR.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Revolving Advance has the meaning given in Section 2.1.

  • Revolving Borrowing means a borrowing consisting of simultaneous Revolving Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Lenders pursuant to Section 2.01.

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

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

  • Eurocurrency Loans Loans the rate of interest applicable to which is based upon the Eurocurrency Rate.

  • Base Rate Advance means an Advance that bears interest as provided in Section 2.06(a)(i).