Common use of Eurocurrency Rate Advances Clause in Contracts

Eurocurrency Rate Advances. If such Advance is a Eurocurrency Rate Advance, a rate per annum equal at all times during the Interest Period for such Advance to the sum of the Eurocurrency Rate for such Interest Period plus the Applicable Eurocurrency Margin in effect from time to time, payable on the last day of such Interest Period (or, with respect to any portion thereof that shall be prepaid pursuant to Section 2.09 or otherwise in accordance with the terms of this Agreement, on the date of such prepayment) and, if such Interest Period has a duration of more than three months, on the day which occurs during such Interest Period three months from the first day of such Interest Period. “Applicable Eurocurrency Margin” means at any time, in respect of any Eurocurrency Rate Advance, a rate per annum determined in reference to the table set forth below on the basis of the Credit Ratings of the Borrowers at such time, such rate to change when and as the Credit Rating of one or both of the Borrowers changes; provided that, if the Borrowers shall have different Credit Ratings at such time, the Applicable Eurocurrency Margin shall be based on the Credit Rating of the Borrower with the higher rating: Credit Rating Applicable Eurocurrency Margin applicable from the Closing Date through 75th day after the Closing Date (rate per annum) Applicable Eurocurrency Margin applicable from the 76th day after the Closing Date through 150th day after the Closing Date (rate per annum) Applicable Eurocurrency Margin applicable from the 151st day after the Closing Date through 225th day after the Closing Date (rate per annum) Applicable Eurocurrency Margin applicable from the 226th day after the Closing Date through 300th day after the Closing Date (rate per annum) Applicable v Margin applicable from 301st day after the Closing Date (rate per annum) A+ or better (S&P) or A1 or better (Mxxxx’x) 2.400% 2.900% 3.400% 3.900% 4.400% Below A+ (S&P) and A1 (Mxxxx’x) but A or better (S&P) or A2 or better (Mxxxx’x) 2.850% 3.350% 3.850% 4.350% 4.850% Below A (S&P) and A2 (Mxxxx’x) but A- or better (S&P) or A3 or better (Mxxxx’x) 3.250% 3.750% 4.250% 4.750% 5.250% Below A- (S&P) and A3 Mxxxx’x) or unrated 3.625% 4.125% 4.625% 5.125% 5.625%

Appears in 3 contracts

Samples: Credit Agreement (Caterpillar Financial Services Corp), Credit Agreement (Caterpillar Inc), Credit Agreement (Caterpillar Inc)

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Eurocurrency Rate Advances. If such Advance is a Eurocurrency Rate Advance, a rate per annum equal at all times during the Interest Period for such Advance to the sum of the Eurocurrency Rate for such Interest Period plus the Applicable Eurocurrency Margin in effect from time to timeMargin, payable on the last day of such Interest Period (or, with respect to any portion thereof that shall be prepaid pursuant to Section 2.09 or otherwise in accordance with the terms of this Agreement, on the date of such prepayment) and, if such Interest Period has a duration of more than three months, on the day which occurs during such Interest Period three months from the first day of such Interest Period. “Applicable Eurocurrency Margin” means at any timemeans, in respect of any Eurocurrency Rate Advance, a rate per annum determined as of the first day of the Interest Period for such Eurocurrency Rate Advance in reference to the table set forth below on the basis of the Credit Ratings of the Borrowers applicable Borrower at such time; provided, such rate to change however, that for any period during any Interest Period when and as the Credit Rating aggregate outstanding Dollar Amount of one or both Advances for any Bank exceeds 50% of the Borrowers changes; provided that, if the Borrowers shall have different Credit Ratings at amount of such timeBank’s Commitment, the Applicable Eurocurrency Margin Margin” for such Bank shall be based on a rate per annum determined with reference to the Credit Rating credit ratings in effect as of the Borrower with first day of such Interest Period in reference to the higher ratingrates under the column “Applicable Eurocurrency Margin: > 50% Usage” set forth below: Credit Rating Applicable Eurocurrency Margin applicable from the Closing Date through 75th day after the Closing Date (rate per annum) Applicable Eurocurrency Margin applicable from the 76th day after the Closing Date through 150th day after the Closing Date Margin: > 50% Usage (rate per annum) Applicable Eurocurrency Margin applicable from the 151st day after the Closing Date through 225th day after the Closing Date (rate per annum) Applicable Eurocurrency Margin applicable from the 226th day after the Closing Date through 300th day after the Closing Date (rate per annum) Applicable v Margin applicable from 301st day after the Closing Date (rate per annum) A+ AA- or better (S&P) or A1 Aa3 or better (Mxxxx’xXxxxx’x) 2.4000.14% 2.900% 3.400% 3.900% 4.4000.19% Below A+ AA- (S&P) and A1 Aa3 (Mxxxx’x) but A or better (S&P) or A2 or better (Mxxxx’x) 2.850% 3.350% 3.850% 4.350% 4.850% Below A (S&P) and A2 (Mxxxx’xXxxxx’x) but A- or better (S&P) or A3 or better (Mxxxx’xXxxxx’x) 3.2500.17% 3.750% 4.250% 4.750% 5.2500.22% Below A- (S&P) and A3 Mxxxx’x(Xxxxx’x) but BBB+ or better (S&P) or Baa1 or better (Xxxxx’x) 0.525% 0.65% Below BBB+ (S&P) and Baa1 (Xxxxx’x) or unrated 3.6250.625% 4.125% 4.625% 5.125% 5.6250.75%

Appears in 2 contracts

Samples: Credit Agreement (Caterpillar Financial Services Corp), Credit Agreement (Caterpillar Inc)

Eurocurrency Rate Advances. If such Advance is a Eurocurrency Rate Advance, a rate per annum equal at all times during the Interest Period for such Advance to the sum of the Eurocurrency Rate for such Interest Period plus the Applicable Eurocurrency Margin in effect from time to timeMargin, payable on the last day of such Interest Period (or, with respect to any portion thereof that shall be prepaid pursuant to Section 2.09 or otherwise in accordance with the terms of this Agreement, on the date of such prepayment) and, if such Interest Period has a duration of more than three months, on the day which occurs during such Interest Period three months from the first day of such Interest Period. “Applicable Eurocurrency Margin” means at any timemeans, in respect of any Eurocurrency Rate Advance, a rate per annum determined as of the first day of the Interest Period for such Eurocurrency Rate Advance in reference to the table set forth below on the basis of the Credit Ratings of the Borrowers applicable Borrower at such time; provided, such rate to change however, that for any period during any Interest Period when and as the Credit Rating aggregate outstanding Dollar Amount of one or both Advances for any Bank exceeds 50% of the Borrowers changes; provided that, if the Borrowers shall have different Credit Ratings at amount of such timeBank’s Commitment, the Applicable Eurocurrency Margin Margin” for such Bank shall be based on a rate per annum determined with reference to the Credit Rating credit ratings in effect as of the Borrower with first day of such Interest Period in reference to the higher ratingrates under the column “Applicable Eurocurrency Margin:> 50% Usage” set forth below: Credit Rating Applicable Eurocurrency Margin applicable from the Closing Date through 75th day after the Closing Date (rate per annum) Applicable Eurocurrency Margin applicable from the 76th day after the Closing Date through 150th day after the Closing Date Margin: > 50% Usage (rate per annum) Applicable Eurocurrency Margin applicable from the 151st day after the Closing Date through 225th day after the Closing Date (rate per annum) Applicable Eurocurrency Margin applicable from the 226th day after the Closing Date through 300th day after the Closing Date (rate per annum) Applicable v Margin applicable from 301st day after the Closing Date (rate per annum) A+ AA- or better (S&P) or A1 Aa3 or better (Mxxxx’x) 2.4000.10% 2.900% 3.400% 3.900% 4.4000.15% Below A+ AA- (S&P) and A1 (Mxxxx’x) but A or better (S&P) or A2 or better (Mxxxx’x) 2.850% 3.350% 3.850% 4.350% 4.850% Below A (S&P) and A2 Aa3 (Mxxxx’x) but A- or better (S&P) or A3 or better (Mxxxx’x) 3.2500.19% 3.750% 4.250% 4.750% 5.2500.24% Below A- (S&P) and A3 (Mxxxx’x) but BBB+ or better (S&P) or Baa1 or better (Mxxxx’x) 0.27% 0.37% Below BBB+ (S&P) and Baa1 (Mxxxx’x) but BBB or better (S&P) or Baa2 or better (Mxxxx’x) 0.35% 0.45% Below BBB (S&P) and Baa2 (Mxxxx’x) or unrated 3.6250.50% 4.125% 4.625% 5.125% 5.6250.625%

Appears in 2 contracts

Samples: Credit Agreement (Caterpillar Financial Services Corp), Credit Agreement (Caterpillar Inc)

Eurocurrency Rate Advances. If such Advance is a Eurocurrency Rate Advance, a rate per annum equal at all times during the Interest Period for such Advance to the sum of the Eurocurrency Rate for such Interest Period plus the Applicable Eurocurrency Margin in effect from time to timeMargin, payable on the last day of such Interest Period (or, with respect to any portion thereof that shall be prepaid pursuant to Section 2.09 or otherwise in accordance with the terms of this Agreement, on the date of such prepayment) and, if such Interest Period has a duration of more than three months, on the day which occurs during such Interest Period three months from the first day of such Interest Period. “Applicable Eurocurrency Margin” means at any timemeans, in respect of any Eurocurrency Rate Advance, a rate per annum determined as of the first day of the Interest Period for such Eurocurrency Rate Advance in reference to the table set forth below on the basis of the Credit Ratings of the Borrowers applicable Borrower at such time; provided, such rate to change however, that for any period during any Interest Period when and as the Credit Rating aggregate outstanding Dollar Amount of one or both Advances for any Bank exceeds 50% of the Borrowers changes; provided that, if the Borrowers shall have different Credit Ratings at amount of such timeBank’s Commitment, the Applicable Eurocurrency Margin Margin” for such Bank shall be based on a rate per annum determined with reference to the Credit Rating credit ratings in effect as of the Borrower with first day of such Interest Period in reference to the higher ratingrates under the column “Applicable Eurocurrency Margin: > 50% Usage” set forth below: Credit Rating Applicable Eurocurrency Margin applicable from the Closing Date through 75th day after the Closing Date (rate per annum) Applicable Eurocurrency Margin applicable from the 76th day after the Closing Date through 150th day after the Closing Date Margin: > 50% Usage (rate per annum) Applicable Eurocurrency Margin applicable from the 151st day after the Closing Date through 225th day after the Closing Date (rate per annum) Applicable Eurocurrency Margin applicable from the 226th day after the Closing Date through 300th day after the Closing Date (rate per annum) Applicable v Margin applicable from 301st day after the Closing Date (rate per annum) A+ AA- or better (S&P) or A1 Aa3 or better (Mxxxx’xMoody’s) 2.4000.15% 2.900% 3.400% 3.900% 4.4000.20% Below A+ AA- (S&P) and A1 Aa3 (Mxxxx’xMoody’s) but A or better (S&P) or A2 or better (Mxxxx’x) 2.850% 3.350% 3.850% 4.350% 4.850% Below A (S&P) and A2 (Mxxxx’x) but A- xxx X- or better (S&P) or A3 or better (Mxxxx’xMoody’x) 3.2500.08% 3.750% 4.250% 4.750% 5.2500.23% Below A- (S&P) and A3 (Moody’s) xxx XXX+ or better (S&P) or Baa1 or better (Mxxxx’x) or unrated 3.6250.535% 4.125% 4.625% 5.125% 5.6250.66%

Appears in 2 contracts

Samples: Credit Agreement (Caterpillar Financial Services Corp), Credit Agreement (Caterpillar Inc)

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Eurocurrency Rate Advances. If such Advance is a Eurocurrency Rate Advance, a rate per annum equal at all times during the Interest Period for such Advance to the sum of the Eurocurrency Rate for such Interest Period plus the Applicable Eurocurrency Margin in effect from time to timeMargin, payable on the last day of such Interest Period (or, with respect to any portion thereof that shall be prepaid pursuant to Section 2.09 or otherwise in accordance with the terms of this Agreement, on the date of such prepayment) and, if such Interest Period has a duration of more than three months, on the day which occurs during such Interest Period three months from the first day of such Interest Period. “Applicable Eurocurrency Margin” means at any timemeans, in respect of any Eurocurrency Rate Advance, a rate per annum determined as of the first day of the Interest Period for such Eurocurrency Rate Advance in reference to the table set forth below on the basis of the Credit Ratings of the Borrowers applicable Borrower at such time; provided, such rate to change however, that for any period during any Interest Period when and as the Credit Rating aggregate outstanding Dollar Amount of one or both Advances for any Bank exceeds 50% of the Borrowers changes; provided that, if the Borrowers shall have different Credit Ratings at amount of such timeBank’s Commitment, the Applicable Eurocurrency Margin Margin” for such Bank shall be based on a rate per annum determined with reference to the Credit Rating credit ratings in effect as of the Borrower with first day of such Interest Period in reference to the higher ratingrates under the column “Applicable Eurocurrency Margin: > 50% Usage” set forth below: Credit Rating Applicable Eurocurrency Margin applicable from the Closing Date through 75th day after the Closing Date (rate per annum) Applicable Eurocurrency Margin applicable from the 76th day after the Closing Date through 150th day after the Closing Date Margin: > 50% Usage (rate per annum) Applicable Eurocurrency Margin applicable from the 151st day after the Closing Date through 225th day after the Closing Date (rate per annum) Applicable Eurocurrency Margin applicable from the 226th day after the Closing Date through 300th day after the Closing Date (rate per annum) Applicable v Margin applicable from 301st day after the Closing Date (rate per annum) A+ AA- or better (S&P) or A1 Aa3 or better (Mxxxx’xMoody’s) 2.4000.10% 2.900% 3.400% 3.900% 4.4000.15% Below A+ AA- (S&P) and A1 xxx Xx0 (Mxxxx’x) but A or better (S&P) or A2 or better (Mxxxx’x) 2.850% 3.350% 3.850% 4.350% 4.850% Below A (S&P) and A2 (Mxxxx’xMoody’s) but A- or better (S&P) or A3 or better bettex (Mxxxx’xXxxxy’s) 3.2500.19% 3.7500.24% 4.250% 4.750% 5.250% Below A- Xxxxx X- (S&P) and A3 Mxxxx’x(Moody’s) but BBB+ or better (S&P) or Baa1 or bxxxxx (Moody’s) 0.27% 0.37% Xxxxx XBB+ (S&P) and Baa1 (Moody’s) but BBB or better (S&P) or Baa2 or bexxxx (Xoody’s) 0.35% 0.45% Xxxxx XBB (S&P) and Baa2 (Moody’s) or unrated 3.6250.50% 4.125% 4.625% 5.125% 5.6250.625%

Appears in 2 contracts

Samples: Credit Agreement (Caterpillar Financial Services Corp), Credit Agreement (Caterpillar Inc)

Eurocurrency Rate Advances. If such Advance is a Eurocurrency Rate Advance, a rate per annum equal at all times during the Interest Period for such Advance to the sum of the Eurocurrency Rate for such Interest Period plus the Applicable Eurocurrency Margin in effect from time to time, payable on the last day of such Interest Period (or, with respect to any portion thereof that shall be prepaid pursuant to Section 2.09 or otherwise in accordance with the terms of this Agreement, on the date of such prepayment) and, if such Interest Period has a duration of more than three months, on the day which occurs during such Interest Period three months from the first day of such Interest Period. Applicable Eurocurrency Marginmeans at any time, in respect of any Eurocurrency Rate Advance, a rate per annum determined in reference to the table set forth below on the basis of the Credit Ratings of the Borrowers at such time, such rate to change when and as the Credit Rating of one or both of the Borrowers changes; provided that, if the Borrowers shall have different Credit Ratings at such time, the Applicable Eurocurrency Margin shall be based on the Credit Rating of the Borrower with the higher rating: Credit Rating Applicable Eurocurrency Margin applicable from the Closing Date through 75th day after the Closing Date (rate per annum) Applicable Eurocurrency Margin applicable from the 76th day after the Closing Date through 150th day after the Closing Date (rate per annum) Applicable Eurocurrency Margin applicable from the 151st day after the Closing Date through 225th day after the Closing Date (rate per annum) Applicable Eurocurrency Margin applicable from the 226th day after the Closing Date through 300th day after the Closing Date (rate per annum) Applicable v Margin applicable from 301st day after the Closing Date (rate per annum) A+ or better (S&P) or A1 or better (Mxxxx’xMxxxx�s) 2.400% 2.900% 3.400% 3.900% 4.400% Below A+ (S&P) and A1 (Mxxxx’xMxxxx�s) but A or better (S&P) or A2 or better (Mxxxx’xMxxxx�s) 2.850% 3.350% 3.850% 4.350% 4.850% Below A (S&P) and A2 (Mxxxx’xMxxxx�s) but A- or better (S&P) or A3 or better (Mxxxx’xMxxxx�s) 3.250% 3.750% 4.250% 4.750% 5.250% Below A- (S&P) and A3 Mxxxx’xMxxxx�s) or unrated 3.625% 4.125% 4.625% 5.125% 5.625%

Appears in 1 contract

Samples: Credit Agreement (Caterpillar Financial Services Corp)

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