Common use of Euro-Dollar Loans Clause in Contracts

Euro-Dollar Loans. Except as otherwise provided herein, a Euro-Dollar Loan may be continued or converted only on the last day of an Interest Period for such Euro-Dollar Loan. During the existence of an Event of Default, no Loans may be requested as, converted to or continued as Euro-Dollar Loans without the consent of the Required Banks, and the Required Banks may demand that any or all of the outstanding Euro-Dollar Loans be converted immediately to Base Rate Loans.

Appears in 4 contracts

Samples: Five Year Credit Agreement (Target Corp), 364 Day Credit Agreement (Target Corp), Five Year Credit Agreement

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