Variable Rate Advance definition

Variable Rate Advance shall have the respective meaning as it is defined for each facility under Section 2, hereof.

Variable Rate Advance means any advance made under the Credit Line that accrues interest at a variable rate.”

Variable Rate Advance means any principal amount outstanding under this Agreement which pursuant to this Agreement bears interest at the Variable Rate.

Examples of Variable Rate Advance in a sentence

• Your minimum periodic payment for each billing cycle is the sum of the minimum periodic payments due for any Variable Rate Advance balance and any Fixed Rate Advance balance you have during that billing cycle, plus any other amounts that may be due under the terms of the agreement.

• An Advance based upon the Variable Rate is hereinafter referred to as a "Variable Rate Advance".

• A Variable Rate Advance may be made on the day notice is received by the Bank; provided, however, that if the Bank shall not have received notice at or before 2:00 p.m. on the day such Advance is requested to be made, such Variable Rate Advance may, at the Bank’s option, be made on the next Business Day.

• The Bank may carry each Variable Rate Advance in a Variable Rate Account and may carry each Fixed Rate Advance in a Fixed Rate Account, but all Advances will constitute extensions of credit pursuant to a single Credit Line.

• Each Variable Rate Advance shall continue as a Variable Rate Advance until Maturity of the Loan, unless sooner converted, in whole or in part, to an Effective LIBO Rate Advance, subject to the limitations and conditions set forth in this Agreement.

More Definitions of Variable Rate Advance

Variable Rate Advance means any Advance that bears interest at the Variable Rate.

Variable Rate Advance means an Advance that bears, or is requested to bear, interest at the Variable Rate.

Variable Rate Advance means an Advance under the Revolving Credit Facility which will bear interest computed with reference to the Variable Rate. Variable Rate Portion shall mean that portion of the Term Facility which bears interest computed with reference to the Variable Rate.

Variable Rate Advance. The term "Variable Rate Advance" means any principal amount outstanding under this Note which pursuant to this Note bears interest at the Variable Rate.

Variable Rate Advance means an Advance that bears interest at the Variable Rate.

Variable Rate Advance shall have the meaning set forth in Section 1.1 above.

Variable Rate Advance shall have the meaning set forth in paragraph 2(a) hereof.