Existing Eurocurrency Loans Sample Clauses

Existing Eurocurrency Loans. Notwithstanding the amendments to the Credit Agreement implemented by this Amendment, all Eurocurrency Loans (as defined in the Credit Agreement as in effect immediately prior to giving effect to this Amendment) outstanding as of the Second Amendment Effective Date shall continue to bear interest at the applicable Adjusted LIBO Rate (as defined in the Credit Agreement as in effect immediately prior to giving effect to this Amendment) until the expiration of the Interest Period with respect to such Eurocurrency Loans as in effect as of the Second Amendment Effective Date pursuant to the terms of the Credit Agreement as in effect immediately prior to giving effect to this Amendment, with all interest accruing on each such Eurocurrency Loan through such expiration date to be due and payable on the last day of the Interest Period applicable to such Eurocurrency Loan (and the Borrower hereby authorizes the Administrative Agent to charge such interest to the loan account as Revolving Loans on such date). The provisions of the Credit Agreement governing the Eurocurrency Loans shall continue to apply to any such Eurocurrency Loans until the end of the Interest Period or payment period applicable to such Eurocurrency Loans.
Sample 1
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Existing Eurocurrency Loans. Notwithstanding anything to the contrary in the Credit Agreement or this Amendment, any Loan denominated in Dollars and bearing interest by reference to the LIBO Rate (as defined in the Credit Agreement prior to giving effect to this Amendment) outstanding as of the Amendment Effective Date shall continue to bear interest at the LIBO Rate until the end of the applicable Interest Period for such Loan as in effect on the Amendment Effective Date and the LIBOR-related provisions of the Credit Agreement (prior to giving effect to this Amendment) applicable thereto shall continue and remain in effect (notwithstanding the election of the Administrative Agent and the Borrower to establish an alternate rate of interest to the LIBO Rate and the occurrence of the Amendment Effective Date) until the end of the applicable Interest Period for such Loans as in effect on the Amendment Effective Date, after which such provisions shall have no further force or effect and such Loans bearing interest by reference to the LIBO Rate shall, unless otherwise repaid or prepaid, be converted to Term SOFR Loans or ABR Loans in accordance with Section 2.07 of the Credit Agreement (after giving effect to this Amendment).
Sample 1
Existing Eurocurrency Loans. All outstanding Loans that are Eurocurrency Loans (as defined in the Credit Agreement) immediately prior to the effectiveness of this Amendment (the “Existing LIBOR #96977040v5 #96977040v9 Loans”), shall continue to bear interest based on the Adjusted LIBO Rate (as defined in the Credit Agreement) until the last day of each Interest Period applicable to such Loans and thereafter, all Interest Periods for such Loans shall be selected in accordance with the Credit Agreement as amended by this Amendment, and the terms of the Credit Agreement in respect of the calculation, payment and administration of the Existing LIBOR Loans shall remain in effect from and after the effectiveness of this Amendment, in each case, solely for purposes of making, and the administration of, interest payments on the Existing LIBOR Loans until the last day of each Interest Period applicable to such Loans
Sample 1
Existing Eurocurrency Loans. Notwithstanding anything to the contrary set forth herein, in the Existing Credit Agreement or in the Amended Credit Agreement, until the expiration of the Interest Period applicable thereto on the First Amendment Effective Date, each Eurocurrency Loan (as defined in the Existing Credit Agreement, and each, an “Existing Eurocurrency Loan”) outstanding on the First Amendment Effective Date shall, until the expiration of the Interest Period applicable to such Existing Eurocurrency Loan on the First Amendment Effective Date, remain outstanding as such and accrue interest, which shall be due and payable, in each case in accordance with the LIBOR-related provisions and all other provisions of the Existing Credit Agreement applicable to such Existing Eurocurrency Loan (without giving effect to any of the amendments contemplated in the Amended Credit Agreement). If still outstanding on the date of the expiration of such Interest Period, each such Existing Eurocurrency Loan may be converted into a Term SOFR Loan on the last day of such Interest Period in accordance with the provisions of the Amended Credit Agreement as if such Existing Eurocurrency Loan were a Term SOFR Loan (and, failing such conversion in accordance with the provisions of the Amended Credit Agreement, shall convert on such day into an ABR Loan); it being understood and agreed that, from and after the First Amendment Effective Date, (i) the Borrower shall not be permitted to request any Lender to fund, and no Lender shall fund, any Eurocurrency Loan and (ii) no Existing Eurocurrency Loan may be continued as a Eurocurrency Loan.
Sample 1
Existing Eurocurrency Loans. Notwithstanding anything herein or in Annex I to the contrary, solely with respect to (a) any Eurocurrency Loan (as such term is used in this Section 4.1, as defined in the Credit Agreement as in effect immediately prior to giving effect to the provisions of this Amendment on the Amendment No. 3 Effective Date) denominated in U.S. Dollars that is outstanding on the Amendment No. 3 Effective Date for which the current Interest Period is or was set prior to the Amendment No. 3 Effective Date and (b) any retroactive
Sample 1
Existing Eurocurrency Loans. Notwithstanding anything to the contrary contained in this Amendment or the Amended Revolving Credit Agreement, each party hereto agrees that, as of the Second Amendment Closing Date, all Eurocurrency Loans (as defined in the Existing Revolving Credit Agreement) denominated in dollars and outstanding on the Second Amendment Effective Date immediately prior to giving effect to this Amendment shall continue to bear interest based upon the Eurocurrency Rate until the expiration of the current Interest Period applicable to such Eurocurrency Rate Loans (at which time the Company shall elect to convert any such Eurocurrency Loans to Term Benchmark Loans or ABR Loans in accordance with Section 2.7 of the Amended Revolving Credit Agreement; provided that, if no such election is made, such Eurocurrency Loans shall be converted to a Term Benchmark Loan with an Interest Period of one month’s duration at the end of such Interest Period.
Sample 1
Existing Eurocurrency Loans. Notwithstanding anything to the contrary, any Eurocurrency Loans (as defined in the Existing Credit Agreement) outstanding as of the First Amendment Effective Date shall continue to the end of the applicable Interest Period for such Eurocurrency Loans and the provisions of the Existing Credit Agreement applicable thereto shall continue and remain in effect until the end of the applicable Interest Period for such Eurocurrency Loans, after which such provisions shall have no further force or effect.
Sample 1
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Related to Existing Eurocurrency Loans

  • 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.

  • 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.

  • 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.

  • 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.

  • Base Rate Loans Substituted for Affected Euro-Dollar Loans If (i) the obligation of any Bank to make Euro-Dollar Loans has been suspended pursuant to Section 8.2 or (ii) any Bank has demanded compensation under Section 8.3 or 8.4 with respect to its Euro-Dollar Loans and the Borrower shall, by at least five Business Days’ prior notice to such Bank through the Administrative Agent, have elected that the provisions of this Section shall apply to such Bank, then, unless and until such Bank notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer exist:

  • 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 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.

  • Booking of Eurodollar Rate Loans Any Lender may make, carry or transfer Eurodollar Rate Loans at, to, or for the account of any of its branch offices or the office of an Affiliate of such Lender.

  • 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.

  • 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.

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