Fixed Rate Borrowings Sample Clauses

The Fixed Rate Borrowings clause establishes that certain loans or borrowings will accrue interest at a predetermined, unchanging rate for a specified period. In practice, this means that the borrower and lender agree upfront on the interest rate, which remains constant regardless of fluctuations in market rates during the term of the loan. This clause provides predictability for both parties by ensuring stable interest payments and protecting against the risk of rising interest rates.
Fixed Rate Borrowings. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan.
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Fixed Rate Borrowings. The Loans comprising each Fixed Rate Borrowing (including each Swingline Loan denominated in a currency other than dollars but excluding each dollar Swingline Loan) shall bear interest at the Fixed Rate for the Interest Period and Available Currency in effect for such Borrowing plus the Applicable Rate.
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Fixed Rate Borrowings. The Loans comprising each Fixed Rate Borrowing shall bear interest at the LIBO Rate for the Interest Period in effect for such Borrowing plus the Applicable Rate.
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Fixed Rate Borrowings. (a) Subject to the terms and conditions hereof, at any time during the Availability Period, Borrower shall have the option to borrow, or to convert all or any portion of any outstanding Variable Rate Loan to, one or more Fixed Rate Loans as provided in this Section 2.03. (b) In order to borrow, or convert all or any part of a Variable Rate Loan into, a Fixed Rate Loan, the Borrower shall deliver to the Administrative Agent a written Fixed Rate Loan Notice, appropriately completed and signed by a Responsible Officer, no later than 10:00 a.m. two (2) Business Days prior to the date of such requested borrowing or conversion, setting forth (i) the amount of the proposed Fixed Rate Loan, but in no event less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof, (ii) whether it is a new borrowing or a conversion of all or any part of the outstanding Variable Rate Loans, and (iii) the interest period to be used by the Administrative Agent to determine the applicable Fixed Rate, which may be between 1 year and 10 years (in increments of 1 year) or such other period mutually agreed to by the Administrative Agent and the Borrower (with respect to such Fixed Rate Loan, the “Fixed Period”). Immediately after the Borrower has delivered the Fixed Rate Loan Notice, Borrower shall notify and confirm with the Administrative Agent by telephone the Administrative Agent’s receipt of the Fixed Rate Loan Notice. Promptly after receipt of such notice and telephonic confirmation, the Administrative Agent shall endeavor to telephonically advise the Borrower by 3:30 p.m., on such date as to the actual Fixed Rate being offered at that moment as the Fixed Rate that would be applicable to such Fixed Rate Loan, and Borrower shall, upon being so advised of such offer of such Fixed Rate, either confirm its acceptance or rejection of such Fixed Rate. Notwithstanding anything to the contrary contained herein, in the event the Borrower shall fail to either accept or reject such offer, such offer shall be conclusively be deemed to have been rejected. (c) Following acceptance of the proposed Fixed Rate by the Borrower in accordance with Section 2.03(b), the Administrative Agent shall (x) send a written confirmation thereof to the Borrower (provided that the Administrative Agent’s failure so to do shall not affect the obligations of the Borrower hereunder), and (y) promptly notify each Lender of the amount of its Applicable Percentage of such new Fixed Rate Loan. Each Lender...
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Fixed Rate Borrowings. The Loans comprising each Fixed Rate Borrowing shall bear interest at the LIBO Rate for the Interest Period in effect for such Borrowing plus the Applicable Rate.
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Related to Fixed Rate Borrowings

  • Fixed Rate Loans Each Mortgage Loan bears interest at a rate that remains fixed throughout the remaining term of such Mortgage Loan, except in the case of an ARD Loan after its Anticipated Repayment Date and except for the imposition of a default rate.

  • Eurodollar Loans The Loans comprising each Eurodollar Borrowing shall bear interest at the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus the Applicable Margin, but in no event to exceed the Highest Lawful Rate.

  • Base Rate Advances During such periods as such Advance is a Base Rate Advance, a rate per annum equal at all times to the sum of (x) the Base Rate in effect from time to time plus (y) the Applicable Margin in effect from time to time, payable in arrears quarterly on the last day of each March, June, September and December during such periods and on the date such Base Rate Advance shall be Converted or paid in full.

  • Types of Borrowings The term “Borrowing” denotes the aggregation of Loans of one or more Banks to be made to the Company pursuant to Article 2 on a single date, all of which Loans are of the same type (subject to Article 8) and, except in the case of Base Rate Loans, have the same initial Interest Period. Borrowings are classified for purposes of this Agreement by reference to the pricing of Loans comprising such Borrowing (e.g., a “Euro-Dollar Borrowing” is a Borrowing comprised of Euro-Dollar Loans).

  • Revolving Borrowings Subject to the terms and conditions set forth herein, each Revolving Lender severally agrees to make loans (each such loan, a “Revolving Loan”) to the Borrower, in Dollars, from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to any Revolving Borrowing, (i) the Total Revolving Outstandings shall not exceed the Revolving Facility, and (ii) the Revolving Exposure of any Lender shall not exceed such Revolving Lender’s Revolving Commitment. Within the limits of each Revolving Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow Revolving Loans, prepay under Section 2.05, and reborrow under this Section 2.01(b). Revolving Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein; provided, however, any Revolving Borrowings made on the Closing Date or any of the three (3) Business Days following the Closing Date shall be made as Base Rate Loans unless the Borrower delivers a Funding Indemnity Letter not less than three (3) Business Days prior to the date of such Revolving Borrowing.