Type of Advance refers to the distinction between Advances bearing interest at the Base Rate or Eurodollar Rate.
Type of Advance. [Prime Rate or Eurodollar Loan].
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.
Examples of Type of Advance in a sentence
The Borrower shall select the Type of Advance and, in the case of each SOFR Advance, the Interest Period applicable thereto from time to time.
Each Drawdown Notice must specify the Borrower’s requested Type of Advance, Drawdown Date (which must be a Business Day), Principal Amount and the Contract Period or Interest Period, if applicable.
More Definitions of Type of Advance
Type of Advance shall have the meaning given such term set forth in Subsection 2.1(B).
Type of Advance means a Floating Rate Advance or a Eurodollar Rate Advance.
Type of Advance has the meaning specified in Section 2.2.
Type of Advance means any type of Accommodation, determined by reference to the interest rate applicable thereto.
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.
Type of Advance each has the meaning set out in the definition of “Advance” in Section 1.1.