Reference Rate Advances definition

Reference Rate Advances means an Advance which bears interest as provided in Section 2.07(a).

Reference Rate Advances means loans made by the Bank to the Company under Section 3.01 that bear interest at the Reference Rate.

Reference Rate Advances. A portion of the Advances with respect to which the interest rate is determined by reference to the Reference Rate.

Examples of Reference Rate Advances in a sentence

• Each Reference Rate Advance shall bear interest at the Adjusted Reference Rate in effect from time to time plus the Applicable Margin for Reference Rate Advances in effect from time to time.

• The Borrower hereby unconditionally and irrevocably authorizes, empowers, and directs the Administrative Agent and the Lenders to record and otherwise treat such reimbursements to the Issuing Lender as Reference Rate Advances under a Borrowing requested by the Borrower to reimburse the Issuing Lender which have been transferred to the Issuing Lender at the Borrower’s request.

• The Borrower may prepay Reference Rate Advances, in whole or in part, at any time, without premium or penalty.

• While any such suspension continues, all further Advances by such Bank shall be made as Reference Rate Advances.

• While any such suspension continues, all further Advances by the Lender shall be made as Reference Rate Advances.

• Each prepayment under this Section 2.05(c) shall be applied to the Advances as determined by the Administrative Agent and agreed to by the Lenders in their sole discretion; provided that, outstanding Reference Rate Advances, if any, shall be paid in full first before any such prepayments are applied to outstanding Eurodollar Rate Advances.

• Any such payments shall be applied first against Reference Rate Advances and then to Eurodollar Rate Advances in order starting with the Eurodollar Rate Advances having the shortest time to the end of the applicable Interest Period.

• The Borrower may prepay the Advances, after giving by 11:00 a.m. (Dallas, Texas time) / 9:00 a.m. (Los Angeles, California time) (i) in the case of Eurodollar Rate Advances, at least three Business Days’ or (ii) in the case of Reference Rate Advances, same Business Day’s, irrevocable prior written notice to the Administrative Agent stating the proposed date and aggregate principal amount of such prepayment.

• If the Lender determines that it may not lawfully continue to maintain any Eurodollar Rate Advances to the end of the applicable Interest Periods, all of the affected Advances shall be automatically converted to Reference Rate Advances as of the date of the Lender's notice, and upon such conversion the Borrower shall indemnify the Lender in accordance with Section 3.8.

• The Borrowers may prepay the Advances, after giving by 1:00 p.m. (Central Standard or Daylight Savings Time) (i) in the case of Eurodollar Rate Advances, at least three Business Days’ or (ii) in the case of Reference Rate Advances, same Business Day’s, irrevocable prior written notice from the Borrower Representative to the Administrative Agent stating the proposed date and aggregate principal amount of such prepayment.

More Definitions of Reference Rate Advances

Reference Rate Advances and "Eurodollar Rate Advances" wherever those terms appear therein. In addition, Section 2.6(b)(i) of the Credit Agreement is amended in its entirety to read as follows:

Reference Rate Advances means any Advances or portion ----------------------- thereof on which interest is payable based on the Reference Rate in accordance with the terms thereof.

Reference Rate Advances means any Credit Extension made or a portion thereof on which interest is payable based on the Reference Rate in accordance with the terms hereof.

Reference Rate Advances means an Advance which bears interest as provided in Section 2.07(a). “Register” has the meaning set forth in paragraph (c) of Section 9.06.

Reference Rate Advances. That percentage that will make the interest rate on the Reference Rate Advances on the first day such Advances are available equal to the interest rate on Advances that were Eurodollar Rate Advances on the last day Eurodollar Rate Advances were available. The Applicable Margin for Reference Rate Advances will be maintained throughout the period Reference Rate Advances are available. (Reference Rate Advances are available only if Eurodollar Rate Advances are no longer available as set forth in Sections S6 and S8 hereof).