XXXXX Rate Loan definition

XXXXX Rate Loan means a Loan that bears interest at a rate based on the XXXXX Xxxx. All XXXXX Rate Loans shall be denominated in Sterling.
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XXXXX Rate Loan means each portion of a Revolving Loan that bears interest at a rate determined by reference to the Daily Simple XXXXX.
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XXXXX Rate Loan means each Loan which is designated as a Loan bearing interest at the XXXXX Rate by the applicable Borrower at the time of the incurrence thereof.
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Examples of XXXXX Rate Loan in a sentence

  • Each Revolving Credit Loan denominated in Pounds Sterling shall be a XXXXX Rate Loan.

  • Any prepayment of a Eurocurrency Rate Loan, Term SOFR Loan or XXXXX Rate Loan shall be accompanied by all accrued interest thereon, together with any additional amounts required pursuant to Section 2.05(a)(iv) and Section 3.06.

  • Notwithstanding anything to the contrary herein, a Swing Line Loan may not be converted to a Eurocurrency Rate Loan, Term SOFR Loan or XXXXX Rate Loan.

  • Thereafter, each XXXXX Rate Loan shall either be repaid or converted into a Eurocurrency Rate Loan denominated in Dollars with a one month Interest Period at the earlier of the end of such XXXXX Interest Period and the date on which any determination or notice is made pursuant to this Section 3.04(b) and no further Borrowings of Sterling Loans shall be permitted and any further requests for XXXXX Rate Loans shall be ineffective.

  • From and after the Term XXXXX Activation Date, during any Event of Default, Agent may (and shall at the direction of Required Multicurrency Facility Lenders) declare that no Loan may be made, converted or continued as a Term XXXXX Rate Loan.

  • Thereafter, each XXXXX Rate Loan shall either be repaid or converted into a Term SOFR Loan with a one month Interest Period at the earlier of the end of such XXXXX Interest Period and the date on which any determination or notice is made pursuant to this Section 3.04(b) and no further Borrowings of Sterling Loans shall be permitted and any further requests for XXXXX Rate Loans shall be ineffective.

  • Any prepayment of (x) a Eurocurrency Rate Loan, Term SOFR Loan, XXXXX Rate Loan or Daily Simple SOFR Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05 and (y) Term B-1 Loans hereunder shall be subject to Section 2.05(c).

  • Each European Swingline Loan (i) made in Dollars shall be a Base Rate Loan, (ii) made in GBP shall be a Daily Simple XXXXX Rate Loan, (iii) made in Swiss francs shall be a Daily Simple SARON Rate Loan and (iv) made in Euros shall be a EURIBOR Loan with an Interest Period between two days and seven days.

  • Any prepayment of a Eurocurrency Rate Loan or, XXXXX Rate Loan or a Term SOFR Loan shall be accompanied by all accrued interest thereon to such date, together with, in case of Eurocurrency Rate Loans, any additional amounts required pursuant to Section 3.05.

  • Any prepayment of a Term XXXXX Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05.


More Definitions of XXXXX Rate Loan

XXXXX Rate Loan means a Loan that bears interest at a rate based on the Adjusted Term XXXXX Rate.
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Related to XXXXX Rate Loan

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

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

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

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

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

  • LIBO Rate Loan means a Loan bearing interest, at all times during an Interest Period applicable to such Loan, at a fixed rate of interest determined by reference to the LIBO Rate (Reserve Adjusted).

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

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

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

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

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

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

  • Eurocurrency Rate Loan means a Loan that bears interest at a rate based on the Eurocurrency Rate.

  • Eurodollar Rate Loan means a Loan that bears interest at a rate based on the Eurodollar Rate.

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

  • Canadian Base Rate Loan means a Canadian Loan that bears interest at a rate per annum determined by reference to the Canadian Prime Rate.

  • Canadian Prime Rate Loan means a Tranche B Loan denominated in Canadian Dollars that bears interest based on the Canadian Prime Rate.

  • 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.

  • 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).

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

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

  • Alternative Currency Term Rate Loan means a Committed 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.

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

  • Bid Rate Loan means a loan made by a Lender under Section 2.2.

  • Absolute Rate Loan means a Bid Loan that bears interest at a rate determined with reference to an Absolute Rate.

  • 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.