Syndicate Loan definition

Syndicate Loan means a loan made by a Lender to the Borrower pursuant to Section 2.1.
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Syndicate Loan means the Line of Credit Loans made to Borrower hereunder other than Competitive Bid Loans.
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Syndicate Loan means a Loan which is a Base Rate Loan (except -------------- to the extent made pursuant to (Sec.)2.4), a Fixed CD Rate Loan or a Eurodollar Loan and which is not a Commitment Loan, Special Facility Loan or Acceptance.
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Examples of Syndicate Loan in a sentence

  • If, upon the expiration of any Interest Period in respect of any Competitive Bid Borrowing, Borrower shall have failed to deliver the Notice of Continuation/Conversion, or Lenders fail to provide such quotes, Borrower shall be deemed to have elected to convert or continue such Borrowing to a Borrowing of a Syndicate Loan consisting of Base Rate Advances.

  • The Borrower shall give the Administrative Agent written notice pursuant to a Notice of Syndicate Borrowing or telephonic notice of each Borrowing of a Syndicate Loan.

  • Each new Interest Period selected under this Section for a Syndicate Loan shall commence on the last day of the immediately preceding Interest Period for such Syndicate Loan.

  • The Administrative Agent shall be entitled to recover from the Borrower the amount of interest accruing on such amount of such Syndicate Loan at the rate therefor in accordance with its Type; provided, however, any amount paid by the Defaulting Lender pursuant to the immediately preceding sentence shall reduce the amounts owed by the Borrower under this sentence.

  • Unless set forth to the contrary herein, (a) each Borrowing of Syndicate Loans, (b) each payment by the Borrower with respect to any Syndicate Loan, (c) each other payment to be made by the Borrower or any Loan Party hereunder or under any Loan Document in respect of the Syndicate Loans, and (d) each voluntary reduction of the Commitments pursuant to Section 2.10., shall be made by, or credited to the account of, the Lenders pro rata in accordance with their respective Credit Percentages.

  • Tokyo Branch Special deposit (betsudan yokin) Account Number: [***]* Account Holder: FASL JAPAN LIMITED Syndicate Loan 10 Billion Yen 10/180 Total 180 Billion Yen 100.0% The Participation Ratio described above is the Participation Ratio at the time of entering into this Agreement, and it may be amended pursuant to the provisions of this Agreement.

  • Unless set forth to the contrary herein, (a) each Borrowing of Syndicate Loans, (b) each payment by the Borrower with respect to any Syndicate Loan, (c) each other payment to be made by the Borrower or any Loan Party hereunder or under any Loan Document in respect of the Syndicate Loans, and (d) each voluntary reduction of the Commitments pursuant to Section 2.16., shall be made by, or credited to the account of, the Lenders pro rata in accordance with their respective Credit Percentages.

  • If notice of this Syndicate Loan Borrowing has been given previously by telephone, then this notice should be considered a written confirmation of such telephone notice as required by Section 2.2 of the Credit Agreement.

  • Unless the Borrower complies with the applicable notice requirements as set forth in Section 2.2. regarding LIBOR Loans, any Syndicate Loan used to repay any Reimbursement Obligation shall initially be a Base Rate Loan.

  • To the extent that a Syndicate Loan of any Bank matures on the date of a requested Borrowing of a Syndicate Loan, such Bank shall apply the proceeds of the Syndicate Loan it is then making, to the extent not required to be delivered to the Agent as described above, to the repayment of such maturing Syndicate Loan.


More Definitions of Syndicate Loan

Syndicate Loan means the principal amount for the time being outstanding under the Syndicate Loan Agreement.
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Related to Syndicate Loan

  • Cov-Lite Loan A Collateral Obligation the Underlying Documents for which do not (i) contain any financial covenants or (ii) require the Obligor thereunder to comply with any Maintenance Covenant (regardless of whether compliance with one or more Incurrence Covenants is otherwise required by such Underlying Documents); provided that, notwithstanding the foregoing, a Collateral Obligation shall be deemed for all purposes (other than the S&P Recovery Rate for such Collateral Obligation) not to be a Cov-Lite Loan if the Underlying Documents for such Collateral Obligation contain a cross-default or cross acceleration provision to, or such Collateral Obligation is pari passu with, another loan, debt obligation or credit facility of the underlying Obligor that contains one or more Maintenance Covenants.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.

  • CDOR Rate Loan means a Committed Loan denominated in Canadian Dollars that bears interest based on the CDOR Rate.