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 Borrower at the time of the incurrence thereof.
Sample 1

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.

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  • 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.

  • 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.

  • Although Vietnam’s real estate market is not currently displaying signs of a property bubble, credit to the real estate sector has increased significantly through the surge in consumer credit.

  • The Borrowers shall not be required to exercise the RFR Option with respect to an outstanding XXXXX Rate Loan, which shall be deemed to automatically continue as a XXXXX Rate Loan on the Interest Payment Date.

  • 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 (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 Loans hereunder shall be subject to Section 2.05(c).

  • It involves issues related to bills for services not received by the member.

Related to XXXXX Rate Loan

  • Prime Rate Loan means any Loan that bears interest with reference to the Prime Rate.

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

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

  • Alternative Currency Term Rate Loan means a 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.