Continuation of Eurodollar Loans Sample Clauses

Continuation of Eurodollar Loans. Borrower shall have the right on 3 Business Days' prior irrevocable written notice given to Agent, subject to the provisions of subsection 3.1.8, to continue any Eurodollar Loan into a subsequent Interest Period of the same or a different permitted duration, in each case subject to the satisfaction of the following conditions: (i) in the case of a continuation of less than all Eurodollar Loans, the Eurodollar Loans continued shall each be in a minimum principal amount of $500,000 and may increase in integral multiples of $100,000; (ii) accrued interest on a Eurodollar Loan (or portion thereof) being continued shall be paid by Borrower at the time of continuation; and (iii) no Eurodollar Loan (or portion thereof) may be continued as a Eurodollar Loan if an Event of Default has occurred which is then continuing or if, after giving effect to such continuation, Borrower shall have outstanding more than 4 separate Eurodollar Loans in the aggregate. If Borrower shall fail to give timely notice of its election to continue any Eurodollar Loan or portion thereof as provided above, or if such continuation shall not be permitted, such Eurodollar Loan or portion thereof, unless such Eurodollar Loan shall be repaid, shall automatically be converted into a Base Rate Loan at the end of the Interest Period then in effect with respect to such Eurodollar Loan.
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Continuation of Eurodollar Loans. Notwithstanding the certification by Borrower contained in each Notice of Borrowing with respect to a Eurodollar Loan requested by Borrower, provided no Event of Default other than the Payment Default shall have occurred, Lender agrees to continue making Eurodollar Loans to Borrower on and subject to all the terms and conditions applicable to Eurodollar Loans set forth in the Credit Agreement.
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Continuation of Eurodollar Loans. Except as otherwise provided herein, each Eurodollar Loan may be continued as such upon the expiration of the then current Interest Period with respect thereto by the Borrower delivering to the Lender a Tranche Rollover Request Form, in accordance with the applicable provisions of the term "
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Continuation of Eurodollar Loans. A. Date of proposed continuation (which date must be the last day of the Interest Period applicable to the Eurodollar Loans being continued, and at least three Eurodollar Business Days after the date hereof): _____________ B. Principal amount of outstanding Eurodollar Loans to be continued: $_____________
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Continuation of Eurodollar Loans. Notwithstanding anything herein to the contrary, if on the Fifth Amendment Effective Date there is any outstanding advance under the Existing Credit Agreement that is bearing interest at a rate determined in relation to the Eurodollar Base Rate for any Interest Period (as those terms are defined in the Existing Credit Agreement) then such outstanding Eurodollar Rate Loan shall continue to bear interest at the Eurodollar Base Rate in accordance with the terms of the Existing Credit Agreement until the end of its Interest Period. After the end of its Interest Period, such outstanding advance that had been bearing interest at a fixed rate determined in relation to the Eurodollar Base Rate (under the Existing Credit Agreement) shall bear interest in accordance with the interest rate provisions of the Credit Agreement (including the provision herein that requires the Borrower to provide the Administrative Agent with prior notice in the event the Borrower wishes to select a SOFR Option thereunder).
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Continuation of Eurodollar Loans 
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Related to Continuation of Eurodollar Loans

  • 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.

  • Booking of Eurodollar Rate Loans Any Lender may make, carry or transfer Eurodollar Rate Loans at, to, or for the account of any of its branch offices or the office of an Affiliate of such Lender.

  • Eurocurrency Loans The Loans constituting each Eurocurrency Borrowing shall bear interest at a rate per annum equal to the Adjusted LIBO Rate for the related Interest Period for such Borrowing plus the Applicable Margin.

  • LIBOR Loans Subject to the provisions hereof and provided that the Borrower has, by giving notice to the Administrative Agent in accordance with Section 5.2, requested the Lenders to continue to extend credit by way of a LIBOR Loan to replace all or a portion of an outstanding LIBOR Loan as it matures, each Lender shall, on the maturity of such LIBOR Loan, continue to extend credit to the Borrower by way of a LIBOR Loan (without a further advance of funds to the Borrower) in the principal amount equal to such Lender’s Pro Rata Share of the principal amount of the matured LIBOR Loan or the portion thereof to be replaced.

  • LIBOR Rate Loans During such periods as Revolving Loans shall be comprised of LIBOR Rate Loans, each such LIBOR Rate Loan shall bear interest at a per annum rate equal to the sum of the LIBOR Rate plus the Applicable Percentage. Interest on Revolving Loans shall be payable in arrears on each Interest Payment Date.

  • Application of Prepayments of Loans to Base Rate Loans and Eurodollar Rate Loans Considering each Class of Loans being prepaid separately, any prepayment thereof shall be applied first to Base Rate Loans to the full extent thereof before application to Eurodollar Rate Loans, in each case in a manner which minimizes the amount of any payments required to be made by Borrower pursuant to Section 2.18(c).

  • Eurodollar Rate Loans After Default After the occurrence of and during the continuation of a Potential Event of Default or an Event of Default, (i) Company may not elect to have a Loan be made or maintained as, or converted to, a Eurodollar Rate Loan after the expiration of any Interest Period then in effect for that Loan and (ii) subject to the provisions of subsection 2.6D, any Notice of Borrowing or Notice of Conversion/Continuation given by Company with respect to a requested borrowing or conversion/continuation that has not yet occurred shall be deemed to be rescinded by Company.

  • Eurodollar Rate Loans Any conversion to or from Eurodollar Rate Loans shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of all Eurodollar Rate Loans having the same Interest Period shall not be less than $1,000,000 or a whole multiple of $500,000 in excess thereof.

  • 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.

  • Eurocurrency Rate Advances During such periods as such Advance is a Eurocurrency Rate Advance, a rate per annum equal at all times during each Interest Period for such Advance to the sum of (x) the Eurocurrency Rate for such Interest Period for such Advance plus (y) the Applicable Margin in effect from time to time, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest Period and on the date such Eurocurrency Rate Advance shall be Converted or paid in full.

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