Common use of Eurodollar Rate Clause in Contracts

Eurodollar Rate. (a) Eurodollar Rate. Each Eurodollar Advance shall be in a minimum amount of $5,000,000 and integral multiples of $1,000,000 in excess thereof, and no more than ten (10) Eurodollar Advances shall be outstanding at any time under the Revolving Loans. The Eurodollar Rate shall be adjusted automatically on and as of the effective date of any change in the Eurodollar Reserve Percentage. Each Eurodollar Advance shall be reserve adjusted, including all types of reserve insurance and brokerage costs.

Appears in 2 contracts

Samples: Credit Agreement (Dominion Homes Inc), Credit Agreement (Dominion Homes Inc)

AutoNDA by SimpleDocs

Eurodollar Rate. (a) Eurodollar Rate. Each Eurodollar Advance shall be in a minimum amount of $5,000,000 and integral multiples of $1,000,000 in excess thereof, and no more than ten (10) Eurodollar Advances shall be outstanding at any time under the Revolving Loans. The Eurodollar Rate shall be adjusted automatically on and as of the effective date of any change in the Eurodollar Reserve Percentage. Each Eurodollar Advance shall be reserve adjusted, including all types of reserve insurance and brokerage costs.

Appears in 1 contract

Samples: Credit Agreement (Dominion Homes Inc)

AutoNDA by SimpleDocs

Eurodollar Rate. (a) Eurodollar Rate. Each Eurodollar Advance shall be in a minimum amount of $5,000,000 and integral multiples of $1,000,000 in excess thereof, and no more than ten one (101) Eurodollar Advances Advance shall be outstanding at any time under the Revolving Loans. The aggregate amount of all Eurodollar Advances shall not exceed $110,000,000, and no Eurodollar Advance shall be outstanding after November 6, 2006. The Eurodollar Rate shall be adjusted automatically on and as of the effective date of any change in the Eurodollar Reserve Percentage. Each Eurodollar Advance shall be reserve adjusted, including all types of reserve insurance and brokerage costs.

Appears in 1 contract

Samples: Credit Agreement (Dominion Homes Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!