Term Rate Advance definition

Term Rate Advance means a Term SOFR Advance or an Alternative Currency Term Rate Advance.

Term Rate Advance means, as the context may require, an Adjusted Term SOFR Rate Advance or a EURIBOR Rate Advance.

Term Rate Advance means an Advance which bears interest at a rate determined by reference to the Term Rate as provided in Section 2.4(a)(iii).

Examples of Term Rate Advance in a sentence

• Interest accrued on each other Term Rate Advance shall be due and payable on every three month anniversary of the date which is three months after the date such Term Rate Advance was made, converted or continued pursuant to Section 2.5 and on the last day of the Interest Period.

• In some countries, primary or district nurses prescribe the products that are to be used.

• Except as otherwise provided in Section 3.7, (i) the unpaid principal amount of any Term Rate Advance shall bear interest at a rate per annum equal to Adjusted Term SOFR for such Term Rate Advance plus the Daily Margin for such Term Rate Advance for each day during the applicable period.

• The Administrative Agent will notify each Bank of the interest rate applicable to each Term Rate Advance promptly upon determination of such interest rate and will give each Bank prompt notice of each change in the Base Rate in respect of any outstanding Base Rate Advance.

• Interest accrued on each Term Rate Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three (3)-month interval during such Interest Period.

More Definitions of Term Rate Advance

Term Rate Advance means an Advance denominated in Dollars, Euro, JPY, NZD, Pesos, AU$, CDN or another Committed Currency or Alternative Currency that has been approved pursuant to Section 1.13 and that bears interest as provided in Section 2.08(a)(ii) in an amount not less than the Term Rate Borrowing Minimum or the Term Rate Borrowing Multiple in excess thereof. For the avoidance of doubt, unless specifically provided to the contrary, TIIE Rate Advances are Term Rate Advances.

Term Rate Advance means an Advance that bears interest as provided in Section 2.08(a)(ii).

Term Rate Advance means a Revolving Credit Advance denominated in Dollars or Euro that bears interest by reference to the applicable Term Rate as provided in Section 2.06(b). “Term SOFR” means,

Term Rate Advance means an Advance which the Company requests to be made as, Converted to or Continued as a Term Rate Advance in accordance with the provisions of Section 2.2 hereof, and which shall be in a principal amount of at least the Dollar Equivalent of $5,000,000.00 and in an integral multiple of the Dollar Equivalent of $1,000,000.00. Revolving Loans made as a Term Rate Advances may be denominated in Dollars or an Alternative Currency. All Loans denominated in an Alternative Currency must be made as Term Rate Advances.

Term Rate Advance means a Term SOFR Advance or an Alternative Currency Term Rate Advance. “Term SOFR” means:

Term Rate Advance means an Advance denominated in Dollars, Euro, JPY, NZD, Pesos, AU$, CDN or another Committed Currency or Alternative Currency that has been approved pursuant to Section 1.13 and that bears interest as provided in Section 2.08(a)(ii) in an amount not less than the Term Rate Borrowing Minimum or the Term Rate Borrowing Multiple in excess thereof. For the avoidance of doubt, unless specifically provided to the contrary, XXXX Xxxx Advances are Xxxx Xxxx Advances.

Term Rate Advance means an Advance denominated in Dollars, Euro, JPY, NZD, Pesos, AU$, CDN or another Committed Currency or Alternative Currency that has been approved pursuant to Section 1.13 and that bears interest as provided in Section 2.08(a)(ii) in an amount not less than the Term Rate Borrowing Minimum or the Term Rate Borrowing Multiple in excess thereof. For the avoidance of doubt, unless specifically provided to the contrary, XXXX Xxxx Advances are Xxxx Xxxx Advances. AMERICAS/2024254939.6 54 Sealed Air – 4th A&R Syndicated Facility Agt