Treasury Rate Loan definition

Treasury Rate Loan means an Advance which is denominated in US Dollars and in respect of which the Borrower has elected to pay interest in accordance with Section 4.4.
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Treasury Rate Loan means a Facility B Loan in an original principal amount of not less than $500,000.00 which bears interest at the applicable Treasury Rate for an Interest Period applicable to such Facility B Loan as selected by Borrowers in a Borrowing Notice.
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Treasury Rate Loan means the Term Loan or the LA Loan when it is bearing interest based on the Treasury Rate.
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Examples of Treasury Rate Loan in a sentence

  • Borrowers shall be privileged to repay, without penalty or premium, the principal of any Treasury Rate Loan, in whole or in part, on the last day of the Interest Period applicable thereto, provided that such repayment is made on a Business Day.

  • Borrowers shall jointly and severally pay Bank with respect to each Treasury Rate Loan (a) on the fifteenth (15th) day of the month following the month in which such interest accrued during the Interest Period applicable to each such Treasury Rate Loan, all interest which accrued on such Treasury Rate Loan during such month or portion thereof, and (b) on the last day of each such Interest Period applicable to a Treasury Rate Loan, all then accrued and unpaid interest on such Treasury Rate Loan.

  • Letters of Credit and Letters of Guarantee Before 11:00 a.m. three Business Days prior to the requested Drawdown Date Hedge Contracts (including FEFCs, Purchase Options and interest rate hedging instruments) Before 11:00 a.m. up to five Business Days prior to the requested Drawdown Date Each notice given in respect of an Advance by way of Prime Loan, USBR Loan, Treasury Rate Loan or US Prime Rate Loan shall indicate the amount of the required Advance and the date funds are required.

  • Unless Borrower requests and receives a Treasury Rate Loan pursuant to Subsection 3.1.2 hereof or a Quoted Rate Loan pursuant to Subsection 3.1.3 hereof, the outstanding principal balance under the Notes shall bear interest at the Base Rate (each a "BASE RATE LOAN").

  • Each Borrower Notice or Treasury Rate Request which requests a Treasury Rate Loan shall be effective as of the Banking Day after it is received if received by the Administrative Agent no later than 11:30 A.M. (Central time) or as of the second Banking Day if received later than 11:30 A.M. (Central time).

  • LP shall pay to the Agent (at the Agent's Account for Payments) on behalf of the Lenders in respect of Facility C, interest on the Treasury Rate Loan outstanding to the Lenders under Facility C at the rate of 6.44 percent (6.44%) per annum (the ''Fixed Rate'') plus, if applicable, the Facility C Interest Premium.

  • The Agent shall credit to the applicable Borrower's Account on the applicable Drawdown Date (a) the proceeds of each Advance by way of Prime Loan, USBR Loan, US Prime Rate Loan, Treasury Rate Loan or Libor Loan made, and (b) the Discount Proceeds less the applicable Acceptance Fee with respect to each Bankers' Acceptance purchased by a Lender on that Drawdown Date.

  • Following the expiration of the Treasury Rate Period for any Treasury Rate Loan, interest shall automatically accrue at the Base Rate unless Borrower requests and receives a Quoted Rate Loan pursuant to Subsection 3.1.3.

  • All solicitation responses (including all documentation and materials attached thereto or provided in connection with this solicitation) submitted to the City are subject to Florida’s public records laws (i.e., Chapter 119, Florida Statutes), which requires disclosure of public records, unless exempt, if a public records request is made.

  • Borrowers shall not make any optional prepayment of the principal of any Treasury Rate Loan before the last day of its applicable Interest Period, and any payments of principal of any Treasury Rate Loan on any date other than the last day of the applicable Interest Period shall be subject to payment of the amounts required under Section 3.7 below.


More Definitions of Treasury Rate Loan

Treasury Rate Loan and "Treasury Yield" in Section 2 of the Loan Agreement shall be deleted in their entirety and shall be left blank intentionally. All references in the Loan Agreement and the other Transaction Documents to such terms shall be of no further effect and Borrowers shall no longer have an option to have any of the loans accrued and bear interest at the Treasury Rate plus Treasury Margin.
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Treasury Rate Loan a Loan bearing interest at a rate determined by reference to the Treasury Rate in accordance with the provisions of Section 2.
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Treasury Rate Loan means any Loan accruing interest at the Treasury Rate.
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Related to Treasury Rate Loan

  • Index Rate Loan means a Loan or portion thereof bearing interest by reference to the Index Rate.

  • Reference Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the Reference Rate.

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

  • Floating Rate Loan means a Loan which bears interest at the Floating Rate.

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

  • CDOR Rate Loan means a Loan denominated in Canadian Dollars the rate of interest applicable to which is based on the CDOR Rate.

  • LIBOR Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the LIBOR Rate.

  • Prime Rate Loan means the Loan at such time as interest thereon accrues at a rate of interest based upon the Prime Rate.

  • Eurodollar Rate Borrowing means a Borrowing comprised of Eurodollar Rate Loans.

  • Eurodollar Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurodollar Rate.

  • Eurocurrency Rate Advance means a Revolving Credit Advance denominated in Dollars or a Committed Currency that bears interest as provided in Section 2.07(a)(ii).

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

  • Alternative Currency Term Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Term Rate.” All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency.

  • Eurocurrency Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurocurrency Rate.

  • Alternative Currency Daily Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Money Market Absolute Rate Loan means a loan to be made by a Bank pursuant to an Absolute Rate Auction.

  • LIBOR Loan means a Loan or any portion thereof bearing interest by reference to the LIBOR Rate.

  • Fixed Rate Borrowing means a Borrowing comprised of Fixed Rate Loans.

  • Eurodollar Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(ii).

  • Eurodollar Rate Committed Loan means a Committed Loan that bears interest at a rate based on clause (a) of the definition of “Eurodollar Rate.”

  • Eurocurrency Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • Fixed Rate Loans means Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

  • Base Rate Loan means a Loan that bears interest based on the Base Rate.