Standby Loan definition

Standby Loan means a revolving loan made by a Lender pursuant to Section 2.04. Each Standby Loan shall be a Eurocurrency Standby Loan or an ABR Loan.
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Standby Loan a revolving loan made by a Lender pursuant to Section 2.07. Each Standby Loan shall be a Eurocurrency Loan or a Base Rate Loan.
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Standby Loan shall have the meaning given such term in Section 2.01.
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Examples of Standby Loan in a sentence

  • Standby Loan and Demand loan interest is payable at LIBOR plus 1.15% per annum for periods of 30, 60, 90, 180 or 360 days.

  • A stand-by fee of 0.10% per annum is applied to the daily unused portion of the Standby Loan and Demand Loan facilities.

  • A stand- by fee of 0.10% per annum is applied to the daily unused portion of the Standby Loan and Demand Loan facilities.

  • The Stand-by Loan facility, which has a 40- year loan term inclusive of a 10-year grace period and a 0.01 percent interest rate, has a limit of JPY 5.0 billion with a remaining unutilised balance of JPY 2.85 billion.

  • A school-aged child is ill on a school day and is in care for more hours because of the illness.

  • Sanguinetti´s administration received support through an IMF Stand-by Loan and had to negotiate goals related to fiscal constraints.

  • In the event of any conversion of any Eurocurrency Standby Loan and/or Eurocurrency Term Loan, as applicable, prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion.

  • In the event of any conversion of any Eurocurrency Standby Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion.

  • Based on agreement between the Slovak government and the International Monetary Fund, the validity of a Stand-by Loan expired on 21 March 1996.

  • Government successfully accessed the ADB Subprogram 2 policy based loan, the World Bank Second Fiscal Sustainability and Climate Resilience Development Policy Loan and the Japan International Cooperation Agency (JICA) Stand-by Loan during FY2019-2020.


More Definitions of Standby Loan

Standby Loan means a loan made or proposed to be made by Bangladesh Bank upon the recommendation of the Facility Advisor to a PFI out of the proceeds of the Facility and to be utilized by the PFI for financing Investment Projects through the provision of Subloans and/or Lease Financing;
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Standby Loan means a revolving loan made by the Lenders to the Borrower pursuant to Section 2.04. Each Standby Loan shall be a Eurodollar Standby Loan or an ABR Loan.
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Related to Standby Loan

  • Standby Letter of Credit means any Letter of Credit issued under the Letter of Credit Facility, other than a Trade Letter of Credit.

  • Multicurrency Loan means a Loan denominated in Dollars or an Agreed Foreign Currency.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Letter of Credit Maturity Date the date occurring 15 days prior to the Revolving Termination Date then in effect (or, if such day is not a Business Day, the next preceding Business Day).

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Standby is displayed, followed by a message stating “Bidding started”. Enter your “Start bid”.

  • Letter of Credit Fee has the meaning specified in Section 2.03(h).

  • Euro-Dollar Loan means a Committed Loan that bears interest at a Euro-Dollar Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

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

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • Wet Loan means a Purchased Loan originated and owned by the Seller immediately prior to being purchased by the Buyers:

  • SOFR Loan means a Loan that bears interest at a rate based on Term SOFR, other than pursuant to clause (c) of the definition of “Alternate Base Rate”.