Term Rate Advance definition

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).
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.

Examples of Term Rate Advance in a sentence

  • If upon the expiration of any Interest Period applicable to an Alternative Currency Term Rate Advance, the Company has failed to select timely a new Interest Period to be applicable to such Advance, such Advance shall be continued as an Alternative Currency Term Rate Advance in its original currency with an Interest Period of one (1) month.

  • Maryland Parkway Reno Appeals Office, 1325 Corporate Blvd, Suite C, Reno, NV 89502 Las Vegas Appeals Office, 2800 E.

  • After the occurrence of and during the continuation of an Event of Default, the Borrowers may not elect to have an Advance be made or continued as, or Converted into, a Term Rate Advance after the expiration of any Interest Period then in effect for that Advance.

  • The semantic observation is that the shared parts of these two sentences seem to have a common meaning, and that the contribution made by [A bookshop] and [A strange man] to sentence meaning is parallel.

  • During such periods as such Advance is a Term Rate Advance, a rate per annum equal at all times during each Interest Period for such Advance to the sum of (x) Term SOFR for such Interest Period plus (y) 0.10% per annum plus (z) the Applicable Margin in effect from time to time, payable in arrears on the last day of such Interest Period and on the date such Term Rate Advance shall be Converted or paid in full.(b) Default Interest.


More Definitions of Term Rate Advance

Term Rate Advance means a Term SOFR Advance or Alternative Currency Term Rate Advance, as applicable. 156389297_7
Term Rate Advance means an Advance that bears interest as provided in Section 2.08(a)(ii).
Term Rate Advance means, as the context may require, an Adjusted Term SOFR Rate Advance or a EURIBOR Rate Advance.
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, as the context may require, an Adjusted Term SOFR Rate Advance or a EURIBOR Rate Advance. “Term SOFR” means,
Term Rate Advance means an Advance which bears interest at the applicable Term Rate.