EUROCURRENCY RATE COMMITTED ADVANCES DENOMINATED IN DOLLARS Sample Clauses

EUROCURRENCY RATE COMMITTED ADVANCES DENOMINATED IN DOLLARS. Any Borrower may, from time to time and on the condition no Event of Default or Default has occurred and is continuing and subject to the provisions of subsections (f)-(k) below, elect to pay interest on each Committed Advance denominated in Dollars and comprising part of the same Committed Borrowing made to the Borrower during any Interest Period therefor at a rate per annum equal to the sum of the Eurocurrency Rate for such Interest Period PLUS the Applicable Margin, by selecting the same either in the Notice of Borrowing pursuant to which such Committed Advance was made or in a Notice of Conversion/Continuation covering such Committed Advance, each of which shall specify the Eurocurrency Rate Committed Advances and the first day and duration of such Interest Period, and which shall be delivered to the Agent as specified in Section 2.02(a), Section 2.06(a) or Section 2.06(b), as applicable. If a Borrower has made such an election for Eurocurrency Rate Committed Advances for any Interest Period, such Borrower shall, subject to subsection (1) hereof, pay interest on the unpaid principal amount of each such Eurocurrency Rate Committed Advance during such Interest Period (i) in the case of an Interest Period which is three months or less, on the last day of such Interest Period and (ii) in the case of an Interest Period which is longer than three months, on the last day of each three-month period of such Interest Period and on the last day of such Interest Period, at a rate per annum equal to the sum of the Eurocurrency Rate for such Interest Period for such Eurocurrency Rate Committed Advance PLUS the Applicable Margin; PROVIDED, HOWEVER, that during any period in which an Event of Default has occurred and is continuing (but only so long as such Event of Default is continuing), such Borrower shall pay interest on the unpaid principal amount of each such Eurocurrency Rate Committed Advance made to it, payable from the date such Event of Default occurs and upon written demand by the Agent on behalf of the Lenders, at the rate of 2% per annum above the Eurocurrency Rate PLUS the Applicable Margin for such Eurocurrency Rate Committed Advance in effect at the time of the occurrence of such Event of Default, until the last day of the then current Interest Period for such Advance, and thereafter at the Default Rate in effect from time to time. On the last day of each Interest Period for any Eurocurrency Rate Committed Advance denominated in Dollars, the unpaid pri...
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Related to EUROCURRENCY RATE COMMITTED ADVANCES DENOMINATED IN DOLLARS

  • 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 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 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.

  • 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.

  • Eurocurrency Rate Loans Except as otherwise provided herein, a Eurocurrency Rate Loan may be continued or converted only on the last day of an Interest Period for such Eurocurrency Rate Loan. During the existence of a Default, no Loans may be requested as, converted to or continued as Eurocurrency Rate Loans without the consent of the Required Lenders, and the Required Lenders may demand that any or all of the outstanding Eurocurrency Rate Loans denominated in Dollars be converted immediately to Base Rate Loans and any or all of the then outstanding Eurocurrency Rate Loans denominated in an Alternative Currency be prepaid, or redenominated into Dollars in the amount of the Dollar Equivalent thereof, on the last day of the then current Interest Period with respect thereto.

  • 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.

  • Reserves on Eurocurrency Rate Loans The Borrower shall pay to each Lender, as long as such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid principal amount of each Eurocurrency Rate Loan equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which shall be due and payable on each date on which interest is payable on such Loan, provided the Borrower shall have received at least 10 days’ prior notice (with a copy to the Administrative Agent) of such additional interest from such Lender. If a Lender fails to give notice 10 days prior to the relevant Interest Payment Date, such additional interest shall be due and payable 10 days from receipt of such notice.

  • 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.

  • Base Rate Loan The appropriate Borrower or Borrowers shall pay interest on the unpaid principal amount of a Base Rate Loan outstanding from time to time from the date thereof until paid at the Derived Base Rate from time to time in effect. Interest on such Base Rate Loan shall be payable, commencing June 30, 2013, and continuing on each Regularly Scheduled Payment Date thereafter and at the maturity thereof.

  • 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.

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