Existing Eurocurrency Rate Loans Sample Clauses

Existing Eurocurrency Rate Loans. Notwithstanding anything to the contrary, any Eurocurrency Rate Loans (as defined in the Existing Credit Agreement) outstanding as of the Fourth Amendment Effective Date shall continue to the end of the applicable Interest Period for such Eurocurrency Rate 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 Rate Loans, after which such provisions shall have no further force or effect.
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Existing Eurocurrency Rate Loans. All outstanding Eurocurrency Rate Loans (as defined in the Credit Agreement prior to giving effect to the Tenth Amendment) that are Revolving Loans outstanding under the Credit Agreement as of the date hereof (collectively, the “Existing Eurocurrency Loans”) may remain outstanding under the Credit Agreement as Eurocurrency Rate Loans until the date of expiration of the current Interest Period applicable to such Existing Eurocurrency Loans at which time such Loans shall be converted in full (the “Tenth Amendment Conversion”) to either Base Rate Loans or SOFR Loans pursuant to a Committed Loan Notice delivered by the Borrower in accordance with Section 2.02 of the Credit Agreement; provided that, if the Borrower fails to give a timely notice requesting such conversion, then the Existing Eurocurrency Loans shall be automatically converted in full to SOFR Loans with a one-month Interest Period effective as of the expiration date of such current Interest Period. Any such Existing Eurocurrency Loans shall continue to be governed by the relevant provisions of the Credit Agreement (as in effect immediately prior to the effectiveness of this Tenth Amendment) applicable to the Existing Eurocurrency Loans until the earlier of (x) the repayment of such Loans and (y) the conversion of such Loans to SOFR Loans (whether pursuant to the Tenth Amendment Conversion or otherwise) or Base Rate Loans.
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Existing Eurocurrency Rate Loans. Notwithstanding anything to the contrary in this Amendment or in the Amended Credit Agreement, it is hereby acknowledged and agreed that until June 30, 2023 (the “LIBOR Fall Away Date”), the Borrower Representative may request Term Loans be advanced or continued as, or converted into, Eurocurrency Rate Loans denominated in Dollars, in a manner consistent with the provisions of the Existing Credit Agreement; provided, however, that from the Eleventh Amendment Effective Date, (x) no Term Loan denominated in Dollars may be advanced or continued as, or converted into, a Eurocurrency Rate Loan with an Interest Period greater than three (3) months and (y) the Borrower Representative shall not request any Term Loan denominated in Dollars be advanced or continued as, or converted into, a Eurocurrency Rate Loan if the Interest Period applicable to such advanced, continued or converted Term Loan would begin on or after the LIBOR Fall Away Date. The Borrower Representative and the Administrative Agent acknowledge that, notwithstanding anything to the contrary in this Amendment or in the Amended Credit Agreement, any Eurocurrency Rate Loans denominated in Dollars outstanding immediately prior to the effectiveness of this Amendment (and any Term Loan denominated in Dollars advanced or continued as, or converted into, a Eurocurrency Rate Loan after the effectiveness of this Amendment pursuant to the preceding sentence) shall continue to bear interest at a rate determined by reference to the Adjusted Eurocurrency Rate (as defined in the Existing Credit Agreement) until the end of the Interest Period applicable to such Eurocurrency Rate Loan. [The remainder of page intentionally left blank.] to the Credit Agreement
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Existing Eurocurrency Rate Loans. Notwithstanding anything in this Amendment to the contrary, all Loans outstanding as Eurocurrency Rate Loans (as defined in the Credit Agreement) on the Amendment Effective Date shall remain Eurocurrency Rate Loans outstanding under the Amended Credit Agreement until the end of the current Interest Period applicable to such Eurocurrency Rate Loan and the provisions of the Credit Agreement applicable thereto shall continue and remain in effect (notwithstanding the occurrence of the Amendment Effective Date) until the end of the applicable Interest Period for such Eurocurrency Rate Loans, after which such provisions shall have no further force or effect, and, upon the expiration of the current Interest Period, the applicable Borrower shall submit to the Administrative Agent a Committed Loan Notice for any subsequent Borrowing, conversion or continuation of Loans in accordance with the Amended Credit Agreement. 7.
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Existing Eurocurrency Rate Loans. On and after the Amendment No. 6 Effective Date, (i) subject to the second sentence of this Section 7, Dollars shall not be considered a currency for which there is a published LIBOR rate, (ii) any request for a new Eurocurrency Rate Loan denominated in Dollars, or to continue an existing Eurocurrency Rate Loan denominated in Dollars, shall be deemed to be a request for a new Loan bearing interest at Term SOFR, and (iii) the Borrower shall not be allowed to
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Existing Eurocurrency Rate Loans. Notwithstanding the amendments to the Existing Credit Agreement implemented by this Amendment, all Eurocurrency Rate Loans (as defined in the Existing Credit Agreement, the “Existing Eurocurrency Rate Loans”) shall continue to bear interest at the Eurocurrency Rate (as defined in the Existing Credit Agreement) until the last day of the interest period applicable to each such Existing Eurocurrency Rate Loan, and thereafter, such Existing Eurocurrency Rate Loan shall be converted to a SOFR Loan with an Interest Period as selected in a notice from a Borrower and (ii) the terms of the Existing Credit Agreement as in effect immediately prior to the Second Amendment Effective Date in respect of administration of Eurocurrency Rate Loans (solely with respect to Existing Eurocurrency Rate Loans) shall remain in effect from and after the Second Amendment Effective Date until the last day of the interest period applicable to each such Existing Eurocurrency Rate Loan, solely for purposes of administering the Existing Eurocurrency Rate Loans. [SIGNATURE PAGES FOLLOW] Each of the parties hereto has caused a counterpart of this Amendment to be duly executed and delivered as of the date first above written. PARENT BORROWER: MONTROSE ENVIRONMENTAL GROUP, INC.,a Delaware corporation By: /s/ Xxxxx Xxxxx Name: Xxxxx Xxxxx Title: Chief Financial Officer ADMINISTRATIVE AGENT: BMO XXXXXX BANK, N.A., as successor in interest to Bank of the West By: /s/ Xxxxxx XxxxXxxx: Xxxxxx XxxxXxxxx: Vice President LENDERS: BMO XXXXXX BANK, N.A., as successor in interest to Bank of the West, as a Lender By: /s/ Xxxxx XxxxxxXxxx: Xxxxx XxxxxxXxxxx: Director CAPITAL ONE, NATIONAL ASSOCIATION, as a Lender By: /s/ Xxxx XxxxxxxxxXxxx: Xxxx XxxxxxxxxXxxxx: Duly Authorized Signatory BANK OF AMERICA, N.A., as a Lender By: /s/ Xxxxxxxx XxxXxxx: Xxxxxxxx XxxXxxxx: Senior Vice President JPMORGAN CHASE BANK, N.A., as a Lender By: /s/ Xxxx XxxxxXxxx: Xxxx XxxxxXxxxx: Vice President MUFG UNION BANK, N.A., as a Lender By: /s/ Xxxxx XxxxxxxXxxx: Xxxxx XxxxxxxXxxxx: Director ANNEX I See attached. CREDIT AGREEMENT Dated as of April 27, 2021 among MONTROSE ENVIRONMENTAL GROUP, INC., as the Parent Borrower, MONTROSE ENVIRONMENTAL GROUP LTD., as the Canadian Borrower, CERTAIN SUBSIDIARIES OF THE PARENT BORROWER, as the Guarantors, BMO XXXXXX BANK OF THE WEST, N.A., as successor in interest to Bank of the West as Administrative Agent, Swing Line Lender and L/C Issuer, and THE LENDERS from time to time party hereto ...
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Existing Eurocurrency Rate Loans. Notwithstanding anything to the contrary in the Credit Agreement, the Amended Credit Agreement or herein, any Eurocurrency Rate Loans (as defined in the Credit Agreement) outstanding as of the Amendment No. 3 Effective Date shall continue to the end of the applicable Interest Period for such Eurocurrency Rate Loans and the provisions of the Credit Agreement applicable thereto shall continue and remain in effect (notwithstanding the election of the Administrative Agent and the Lead Borrower to trigger an Early Opt-In Election and the occurrence of the Amendment No. 3 Effective Date) until the end of the applicable Interest Period for such Eurocurrency Rate Loans, after which such provisions shall have no further force or effect; provided that, for the avoidance of doubt, at any time from and after the Amendment No. 3 Effective Date, the Borrowers shall not be permitted to request a Borrowing of, conversion to or continuation of any Eurocurrency Rate Loans.
Sample 1
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Existing Eurocurrency Rate Loans. Notwithstanding anything to the contrary herein or in the Amended Credit Agreement, any Eurocurrency Rate Loan (as defined in the Credit Agreement) outstanding immediately prior to the Amendment No. 4 Effective Date shall (x) continue to the end of the current Interest Period (as defined in the Credit Agreement) for such Eurocurrency Rate Loan and continue to be subject to the provisions of the Credit Agreement applicable thereto until the end of the applicable Interest Period for such Eurocurrency Rate Loans, after which time such provisions shall have no further force or effect and (y) be converted to a Term SOFR Loan or Base Rate Loan on the expiry of the current Interest Period, in accordance with the terms of Section 2.02 of the Amended Credit Agreement, if not prepaid prior to such date; provided that, if the Borrower fails to give timely notice of such conversion, then the applicable Term Loans shall be converted to Term SOFR Loans having an Interest Period of one month. [Signature Pages Follow]
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Related to Existing Eurocurrency Rate Loans

  • 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.

  • 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.

  • Reserves on Eurodollar 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 Eurodollar 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.

  • 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.

  • 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.

  • 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.

  • Eurodollar Rate Loans Any conversion to or from Eurodollar Rate Loans shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of all Eurodollar Rate Loans having the same Interest Period shall not be less than $1,000,000 or a whole multiple of $500,000 in excess thereof.

  • 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.

  • Making or Maintaining Eurodollar Rate Loans (a) In the event that Administrative Agent shall have reasonably determined (which determination shall be final and conclusive and binding upon all parties hereto), on any Interest Rate Determination Date with respect to any Eurodollar Rate Loans, that by reason of circumstances affecting the London interbank market adequate and fair means do not exist for ascertaining the interest rate applicable to such Loans on the basis provided for in the definition of Adjusted Eurodollar Rate, Administrative Agent shall on such date give notice (by telefacsimile or by telephone confirmed in writing) to Company and each Lender of such determination, whereupon (i) no Loans may be made as, or converted to, Eurodollar Rate Loans until such time as Administrative Agent notifies Company and Lenders that the circumstances giving rise to such notice no longer exist, which notice shall be given as soon as reasonably practicable and (ii) any Funding Notice or Conversion/Continuation Notice given by Company with respect to the Loans in respect of which such determination was made shall be deemed to be rescinded by Company without the necessity of paying any amount under Section 2.18(c), and any Funding Notice previously delivered by Company which requested Eurodollar Rate Loans may be revoked by Company or, failing that, shall be deemed to be converted into a request(s) for borrowing of Base Rate Loans.

  • 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.

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