USBR Loans definition

USBR Loans means the loans made available by the Lenders to the Borrower pursuant to Section 3.3, 3.8 or 3.9 with respect to which the Borrower has agreed to pay interest thereon in accordance with Section 5.2 or which are made available to the Borrower by the Lenders as a result of applying Section 3.4(a), 3.7(d) or 10.1;
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USBR Loans. “Bankers’ Acceptances Stamping Fee” or “Commitment Fee,” as the case may be, based on the Global Borrowing Base Utilization Percentage then in effect on such date: Global <50 % ³50 % ³75 % >90 % >100 % ³112.5 % ³125 % ³137.5 % ³150 % Borrowing Base Utilization Percentage: <75 % <90 % £100 % <112.5 % <125 % <137.5 % <150 % Eurodollar Loans: 1.250 % 1.500 % 1.750 % 2.000 % 2.500 % 2.750 % 3.000 % 3.500 % 4.00 % Canadian Prime Loans: 0 % 0 % 0.250 % 0.500 % 1.000 % 1.250 % 1.500 % 2.000 % 2.500 % USBR Loans 0 % 0 % 0.250 % 0.500 % 1.000 % 1.250 % 1.500 % 2.000 % 2.500 % Bankers’ Acceptance Stamping Fee 1.250 % 1.500 % 1.750 % 2.000 % 2.500 % 2.750 % 3.000 % 3.500 % 4.000 % Commitment Fees: 0.300 % 0.375 % 0.375 % 0.500 % 0.500 % 0.500 % 0.500 % 0.500 % 0.500 % Each change in the Applicable Rate shall apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change.
Sample 1
USBR Loans. Bankers' Acceptances Stamping Fee" or "Commitment Fees & Unavailable Fees", as the case may be, based on the Applicable Rating Level on such date ---------------------------------------------------------------------------------------------------------------------------------- APPLICABLE RATIO OF TOTAL EURODOLLAR CANADIAN USBR BANKERS' COMMITMENT RATING DEBT TO LOANS (IN PRIME LOANS LOANS (IN ACCEPTANCE FEES & LEVEL: EBITDA BASIS POINTS) (IN BASIS BASIS POINTS) STAMPING UNAVAILABLE POINTS) FEE (IN BASIS FEES (IN BASIS POINTS) POINTS) ---------------------------------------------------------------------------------------------------------------------------------- Level I 2.0 > x 87.5 0.0 0.0 87.5 25.0 2.0 < or = to x < 2.5 100.0 0.0 0.0 100.0 25.0 2.5 < or = to x 112.5 12.5 12.5 112.5 25.0 ---------------------------------------------------------------------------------------------------------------------------------- Level II 2.0 > x 112.5 12.5 12.5 112.5 37.5 2.0 < or = to x < 2.5 137.5 37.5 37.5 137.5 37.5 2.5 < or = to x 150.0 50.0 50.0 150.0 37.5 ---------------------------------------------------------------------------------------------------------------------------------- Level III 2.0 > x 125.0 25.0 25.0 125.0 37.5 2.0 < or = to x < 2.5 150.0 50.0 50.0 150.0 37.5 2.5 < or = to x 175.0 75.0 75.0 175.0 37.5 ---------------------------------------------------------------------------------------------------------------------------------- As used in this definition, "x" means, at any time, the ratio of Total Debt to EBITDA calculated pursuant to SECTION 6.1 of the U.S. Credit Agreement. For purposes of the foregoing, any change in the Applicable Rate will occur automatically without prior notice upon any change in the Applicable Rating Level. Each change in the Applicable Rate shall apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change. Notwithstanding anything in this definition to the contrary, at all times on or before December 31, 2000, the Applicable Rate for (i) Eurodollar Loans and Bankers Acceptances shall equal 150 basis points, (ii) Canadian Prime Loans and USBR Loans shall equal 50 basis points, and (iii) Commitment Fees and Unavailable Fees shall equal 37.5 basis points.
Sample 1

Examples of USBR Loans in a sentence

  • Prime Loans, USBR Loans, US Prime Rate Loans and Bankers' Acceptance greater than $10 million Before 11:00 a.m. two Business Days prior to the requested Drawdown Date.

  • Interest on USBR Loans, US Overdrafts, Swing B Loans and US Prime Rate Loans shall be paid on every Interest Payment Date and on the Maturity Date by debit to the applicable Borrower's Account by the Agent on behalf of the Lenders in respect of the relevant Credit Facilities and by BMO in respect of US Overdrafts under Facility A and Swing B Loans under Facility B.

  • Each change in the fluctuating interest rate for the USBR Loans will take place without notice to the Borrower, simultaneously with the corresponding change in the US Base Rate.

  • The Borrower shall pay to the Agent, on behalf of each Lender, interest on USBR Loans owed to such Lender in US Dollars at the Agent’s Account for Payments at a variable rate per annum equal to the US Base Rate plus any Applicable Pricing Margin from time to time.

  • The Borrower shall pay interest on its USBR Loans outstanding from time to time at a rate per annum equal to the aggregate of the USBR and the Applicable Pricing Margin in effect from time to time.

  • The Borrower shall pay interest in US Dollars on its USBR Loans outstanding from time to time at a rate per annum equal to the aggregate of the USBR and the Applicable Pricing Margin for the USBR Margin in effect from time to time.

  • Each Swingline Loan shall be subject to all the terms and conditions applicable to other CBFR Loans, CP Loans or USBR Loans, as applicable, funded by the applicable Revolving Lenders, except that all payments thereon shall be payable to the applicable Swingline Lender solely for its own account.

  • Any payment made by a Lender pursuant to this paragraph to reimburse the Issuing Bank for any LC Disbursement (other than the funding of Canadian Prime Loans or USBR Loans as contemplated above) shall not constitute a Loan and shall not relieve Borrower of its obligation to reimburse such LC Disbursement.

  • Interest on Prime Based Loans and USBR Loans is calculated daily and payable monthly in arrears based on the number of days the subject loan is outstanding.

  • Notwithstanding anything herein to the contrary, Canadian Prime Loans and BA Loans may only be denominated in Canadian Dollars and USBR Loans and Eurodollar Loans may only be denominated in U.S. Dollars.


More Definitions of USBR Loans

USBR Loans. “Bankers’ Acceptances Stamping Fee” or “Commitment Fee,” as the case may be, based on the Global Borrowing Base Utilization Percentage then in effect on such date: Global Borrowing Base Utilization Percentage <50 % ≥50% <75 % ≥75% <90 % ≥90 % Eurodollar Loans 1.250 % 1.500 % 1.750 % 2.000 % Canadian Prime Loans 0 % 0 % 0.250 % 0.500 % USBR Loans 0 % 0 % 0.250 % 0.500 % Bankers’ Acceptance Stamping Fee 1.250 % 1.500 % 1.750 % 2.000 % Commitment Fee 0.300 % 0.375 % 0.375 % 0.500 % Each change in the Applicable Rate shall apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change.
Sample 1

Related to USBR Loans

  • ABR Loans Loans the rate of interest applicable to which is based upon the ABR.

  • Prime Rate Loans means any Loans or portion thereof on which interest is payable based on the Prime Rate in accordance with the terms thereof.

  • Eurocurrency Loans Loans the rate of interest applicable to which is based upon the Eurocurrency Rate.

  • Eurodollar Loans Loans the rate of interest applicable to which is based upon the Eurodollar Rate.

  • Base Rate Loans Loans the rate of interest applicable to which is based upon the Base Rate.

  • Revolving Loans as defined in Section 2.4(a).

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

  • or "Loans means and includes without limitation any and all commercial loans and financial accommodations from Lender to Borrower, whether now or hereafter existing, and however evidenced, including without limitation those loans and financial accommodations described herein or described on any exhibit or schedule attached to this Agreement from time to time.

  • 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.

  • Canadian Prime Rate Loans means any Canadian Dollar Revolving Loan during the period which it bears interest at a rate determined by reference to the Canadian Prime Rate.

  • U.S. Loans means, individually and collectively as the context may require, the U.S. Revolving Loans, the Swingline Loans and the U.S. Protective Advances.

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

  • Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).

  • Canadian Loans means, individually and collectively as the context may require, the Canadian Revolving Loans, the Canadian Swingline Loans, the Canadian Overadvances and the Canadian Protective Advances.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • LIBOR Rate Loans means the Loans bearing interest with reference to the LIBOR Rate.

  • U.S. Revolving Loans means the revolving loans made to the U.S. Borrowers pursuant to Section 2.1(a)(i), or any amendment to this Agreement entered into pursuant to Section 2.5, 2.6 or 2.7, each Agent Advance made to a U.S. Borrower and each U.S. Swingline Loan.

  • LIBO Rate Advances means a Competitive Bid Advance denominated in Dollars or in any Foreign Currency and bearing interest based on the LIBO Rate.

  • Revolving Advances means Advances made other than Letters of Credit.

  • Pending Revolving Loans means, at any time, the aggregate principal amount of all Revolving Loans requested in any Notice of Borrowing received by the Agent which have not yet been advanced.

  • Domestic Loans means CD Loans or Base Rate Loans or both.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Committed Loans means loans made pursuant to Section 2.1(a).

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • 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.

  • Swingline Loans as defined in Section 2.6.