Set Rate Loans definition

Set Rate Loans means Money Market Loans the interest rates on which are determined on the basis of Set Rates pursuant to a Set Rate Auction.

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Set Rate Loans. Competitive Bid Option Loans the interest rates on -------------- which are determined on the basis of Set Rates pursuant to a Set Rate Auction.

Set Rate Loans means Money Market Loans the interest rates on which are determined on the basis of Set Rates pursuant to a Set Rate

Examples of Set Rate Loans in a sentence

• Notwithstanding the foregoing, (i) for each day that the Base Rate is calculated by reference to the Federal Funds Rate, interest on Base Rate Loans shall be computed on the basis of a year of 360 days and actual days elapsed and (ii) interest on Set Rate Loans with an Interest Period of 270 days or more shall be computed on the basis of a 360-day year consisting of twelve 30-day months.

• Competitive Loans may be Competitive LIBOR Loans or Set Rate Loans, provided that there may be no more than 30 different Interest Periods for both Committed Loans and Competitive Loans outstanding at the same time (for which purpose Interest Periods described in different lettered clauses of the definition of the term “Interest Period” shall be deemed to be different Interest Periods even if they are coterminous).

• Competitive Loans may be Competitive LIBOR Loans or Set Rate Loans (each a "Type" of Competitive Loan), PROVIDED that there may be no more than thirty (30) different Interest Periods for both Committed Loans and Competitive Loans outstanding at the same time (for which purpose Interest Periods described in different lettered clauses of the definition of the term "Interest Period" shall be deemed to be different Interest Periods even if they are coterminous).

• Money Market Loans may be LIBOR Market Loans or Set Rate Loans, provided that the aggregate unpaid principal amount of all Money Market Loans, together with the aggregate unpaid principal amount of all Revolving Loans, at any one time outstanding, shall not exceed the aggregate amount of the Commitments at such time.

• Competitive Loans may be Competitive LIBOR Loans or Set Rate Loans, PROVIDED that there may be no more than thirty (30) different Interest Periods for both Committed Loans and Competitive Loans outstanding at the same time (for which purpose Interest Periods described in different lettered clauses of the definition of the term "Interest Period" shall be deemed to be different Interest Periods even if they are coterminous).

• Competitive Loans may be Competitive LIBOR Loans or Set Rate Loans, PROVIDED that there may be no more than 30 different Interest Periods for both Committed Loans and Competitive Loans outstanding at the same time (for which purpose Interest Periods described in different lettered clauses of the definition of the term "Interest Period" shall be deemed to be different Interest Periods even if they are coterminous).

• Competitive Bid Option Loans may be LIBOR Market Loans or Set Rate Loans, provided that the aggregate -------- principal amount of all Competitive Bid Option Loans, together with the aggregate principal amount of all Syndicated Loans and all Swing Line Loans, at any one time outstanding to all Borrowers shall not exceed an amount equal to the aggregate amount of the Commitments at such time.

• The direct vouchers shall be the basis of payment and shall include supporting documentation for all allowable costs.

More Definitions of Set Rate Loans

Set Rate Loans means Competitive Bid Loans the interest rates on which are determined on the basis of Competitive Bid Rates pursuant to a Set Rate Auction.

Set Rate Loans means Money Market Loans the interest rates

Set Rate Loans means Competitive Bid Loans the interest rates -------------- on which are determined on the basis of Competitive Bid Rates pursuant to a Set Rate Auction.