Eurocurrency Borrowings Sample Clauses

Eurocurrency Borrowings. The Loans comprising each Eurocurrency Borrowing shall bear interest at the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus the Applicable Rate for Eurocurrency Borrowings.
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Eurocurrency Borrowings. If any Law makes it unlawful for any Lender to make or maintain Eurocurrency Borrowings, then that Lender shall promptly notify Borrower and Administrative Agent, and (i) as to undisbursed funds, that requested Borrowing shall be made at a rate of interest for the applicable Interest Period as is agreed-upon by Administrative Agent, Lenders and Borrower prior to the making of such Borrowing, and (ii) as to any outstanding Borrowing (a) if maintaining the Borrowing until the last day of the applicable Interest Period is unlawful, the Borrowing shall be converted to a Borrowing at a rate of interest for the applicable Interest Period as is agreed-upon by Administrative Agent, Lenders and Borrower or (b) if Administrative Agent, Lenders and Borrower are unable to agree on a new rate of interest for that Borrowing, Borrower shall promptly prepay the Borrowing, without penalty but with related Funding Loss.
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Eurocurrency Borrowings. Subject to the limits stated in Section 2.1 and elsewhere herein and provided that Borrower may not convert to or select a new Interest Period for a Eurocurrency Borrowing at any time when an Event of Default exists, Borrower may elect a new Interest Period for a Eurocurrency Borrowing. That election may be made by delivering a Conversion Notice to the Eurocurrency Lending Installation no later than 10:00 a.m. (London time) on the fourth Business Day before the last day of the Interest Period , and Administrative Agent will promptly notify each Lender of any such election. If the Conversion Notice delivered pursuant to the immediately-preceding sentence is delivered by facsimile, Borrower shall promptly deliver the originally-executed Conversion Notice to the Eurocurrency Lending Installation. Absent Borrower's request for election of a new Interest Period or if an Event of Default exists, then a Eurocurrency Borrowing shall be continued for successive one-month Interest Periods (at the option of Administrative Agent), each beginning on the date following the last day of the immediately-preceding Interest Period. For the avoidance of doubt, no portion of any Eurocurrency Borrowing may be converted to a Base Rate Borrowing or a LIBOR Rate Borrowing (but, subject to compliance with the other terms and conditions of this Agreement, a Domestic Borrowing may be made to pay any Eurocurrency Borrowing).
Sample 1
Eurocurrency Borrowings. Prior to the date which is 120 days after the Effective Date, the Loans comprising each Eurocurrency Borrowing shall bear interest at the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus the Applicable Rate. On and after the date which is 120 days after the Effective Date all Loans shall bear interest at a fixed rate per annum equal to the greatest of (a) the bid-side yield on the Borrower's 7 3/4% Senior Notes due 2013, as determined by the Administrative Agent, (b) the Adjusted LIBO Rate plus 6.000% and (c) the Alternate Base Rate plus 5.000%, each as measured on the date that is 119 days after the Effective Date.
Sample 1
Eurocurrency Borrowings. The Loans comprising each Eurocurrency Borrowing shall bear interest at a rate per annum equal to (i) in the case of a Syndicated Eurocurrency Loan or a Swingline Eurocurrency Loan, the Adjusted LIBO Rate for the Interest Period for such Borrowing plus the Applicable Rate, or (ii) in the case of a Competitive Eurocurrency Borrowing, the LIBO Rate for the Interest Period in effect for such Borrowing plus (or minus, as applicable) the Margin applicable to such Loan.
Sample 1
Eurocurrency Borrowings. (1) Subject to the terms and conditions set forth herein, the Lenders severally agree to make Eurocurrency Loans, from time to time, to the Borrower as provided in Section 1.2(d)(2), on the applicable Banking Day requested by the Borrower in accordance with the terms hereof, in an aggregate principal amount that when added to the principal outstanding of all other outstanding Revolving Credit Loans made by such Lender, not to exceed at any time outstanding such Lender’s Commitment; provided however, that after giving effect to any Eurocurrency Loan, the total principal amount outstanding of all Eurocurrency Loans shall not exceed the Eurocurrency Loan Limit. (2) For each borrowing in Eurocurrency and each continuation of a borrowing in Eurocurrency the Borrower shall provide to the Agent a Eurocurrency Borrowing Request which shall constitute the Borrower’s irrevocable notice to the Agent and shall be appropriately completed and signed by the chief financial officer or other senior officer of the Borrower. A Eurocurrency Borrowing Request may not be given by telephone. Each Eurocurrency Borrowing Request must be received by the Agent not later than 11:00 a.m. Boston time. Each borrowing of or continuation of Eurocurrency Loans shall be in a principal amount of €500,000 or 500,000 Sterling or a whole multiple of €250,000 or 250,000 Sterling in excess thereof. Each Eurocurrency Borrowing Request shall specify (i) whether the Borrower is requesting a Eurocurrency Loan, or a continuation of a Eurocurrency Loan, (ii) the requested date of the borrowing or continuation, as the case may be, (iii) the principal amount of Eurocurrency Loans to be borrowed or continued, (iv) the duration of the Eurocurrency Interest Period with respect thereto and (v) the Eurocurrency requested. If the Borrower fails to give a timely Eurocurrency Borrowing Request requesting a continuation, then the applicable Eurocurrency Loans shall not be continued and at the expiration of the applicable Eurocurrency Interest Period shall become Base Rate Loans. If the Borrower requests a borrowing of, or continuation of, Eurocurrency Loans in any such Eurocurrency Borrowing Request, but fails to specify a Eurocurrency Interest Period, it will be deemed to have specified a Eurocurrency Interest Period of one month. After giving effect to all Eurocurrency Loans and all continuations thereof, there shall not be more than three Eurocurrency Interest Periods in effect with request to Eurocurrency Loa...
Sample 1
Eurocurrency Borrowings 
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Related to Eurocurrency Borrowings

  • 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.

  • 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.

  • 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.

  • 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.

  • ABR Loans The Loans comprising each ABR Borrowing shall bear interest at the Alternate Base Rate plus the Applicable Margin, but in no event to exceed the Highest Lawful Rate.

  • Eurodollar Rate Advances During such periods as such Advance is a Eurodollar Rate Advance, a rate per annum equal at all times during each Interest Period for such Advance to the sum of (x) the Eurodollar 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 Eurodollar Rate Advance shall be Converted or paid in full.

  • 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.

  • Base Rate Loans During such periods as Revolving Loans shall be comprised in whole or in part of Base Rate Loans, such Base Rate Loans shall bear interest at a per annum rate equal to the Adjusted Base Rate.

  • 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.

  • Eurodollar Advances Each Eurodollar Advance shall bear interest during its Interest Period equal to at all times the Eurodollar Rate for such Interest Period plus the Applicable Margin for Eurodollar Advances for such period. The Borrower shall pay to the Administrative Agent for the ratable account of each Lender all accrued but unpaid interest on each of such Lender’s Eurodollar Advances on the last day of the Interest Period therefor (provided that for Eurodollar Advances with Interest Periods of six months or more, accrued but unpaid interest shall also be due on the day three months from the first day of such Interest Period), on the date any Eurodollar Advance is repaid, and on the Maturity Date.

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