Type of Advance definition

Type of Advance refers to the distinction between Advances bearing interest at the Base Rate or Eurodollar Rate.

Type of Advance. [Base Rate or Eurodollar Loan].

Type of Advance shall have the meaning given such term set forth in Subsection 2.1(B).

Examples of Type of Advance in a sentence

• The Borrower shall select the Type of Advance and, in the case of each Eurodollar Advance, the Interest Period applicable thereto from time to time.

• The Borrower shall select the Type of Advance and, in the case of each Eurocurrency Advance, the Interest Period applicable thereto from time to time.

• The Borrower shall select the Type of Advance and, in the case of each Eurodollar Rate Advance, the Interest Period applicable to each Advance from time to time.

• The Administrative Agent will at the request of the Borrower, from time to time, but not more often than monthly, provide notice of the amount of the outstanding Aggregate Commitment, the Type of Advance, and the applicable interest rate, if for a LIBOR Rate Advance.

• The Borrower shall select the Type of Advance and, in the case of each Eurodollar Advance, the Interest Period applicable thereto, from time to time.

More Definitions of Type of Advance

Type of Advance means a Floating Rate Advance or a Eurodollar Rate Advance.

Type of Advance means with respect to any Loan, such Loan is either a Prime Rate Option Advance or a LIBOR Advance, each of which shall be a "Type" of Advance.

Type of Advance has the meaning specified in Section 2.2.

Type of Advance. Reference Rate: ___________ LIBOR: ___________

Type of Advance means a Dutch Guilder Advance, Floating Rate Advance, LIBOR Rate Advance, Canadian Prime Rate Advance and Cost of Funds Advance.

Type of Advance. [Base Rate Advance/LIBOR Rate Advance]

Type of Advance means the designation of the type of an Advance as a Non-Revolving Credit Advance, a Revolving Credit Advance, or an Interconnection Credit Advance.