Impacted Currency. (i) Dollars shall not be considered a currency for which there is a published LIBOR rate and (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; provided, that, to the extent any Loan bearing interest at the Eurocurrency Rate is outstanding on the Amendment Effective Date, such Loan shall continue to bear interest at the Eurocurrency Rate until the end of the current Interest Period or payment period applicable to such Loan.
Appears in 5 contracts
Samples: Term Loan Credit Agreement (Teledyne Technologies Inc), Credit Agreement (Teledyne Technologies Inc), Term Loan Credit Agreement (Teledyne Technologies Inc)
Impacted Currency. (i) Dollars shall not be considered a currency for which there is a published LIBOR rate and (ii) any request for a new Eurocurrency Eurodollar Rate Loan denominated in Dollars, or to continue an existing Eurocurrency Eurodollar Rate Loan denominated in Dollars, shall be deemed to be a request for a new Loan bearing interest at Term SOFR; provided, that, to the extent any Loan bearing interest at the Eurocurrency Eurodollar Rate is outstanding on the Amendment Effective Date, such Loan shall continue to bear interest at the Eurocurrency Eurodollar Rate until the end of the current Interest Period or payment period applicable to such Loan.
Appears in 2 contracts
Samples: Libor Transition Amendment (TrueBlue, Inc.), Libor Transition Amendment (Kirkland's, Inc)
Impacted Currency. (i) Dollars shall not be considered a currency for which there is a published LIBOR rate and (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; provided, that, to . To the extent any Loan denominated in Dollars bearing interest at the Eurocurrency Rate is outstanding on the Amendment Effective Date, such Loan shall continue to bear interest at the Eurocurrency Rate until the end of the current Interest Period or payment period applicable to such Loan.. β β
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Impacted Currency. (i) Dollars shall not be considered a currency for which there is a published LIBOR rate and (ii) any request for a new Eurocurrency Eurodollar Rate Loan denominated in Dollars, or to continue an existing Eurocurrency Eurodollar Rate Loan denominated in Dollars, shall be deemed to be a request for a new Loan bearing interest at Term SOFRthe BSBY Rate; provided, that, to the extent any Loan bearing interest at the Eurocurrency Eurodollar Rate is outstanding on the Amendment Effective Date, such Loan shall continue to bear interest at the Eurocurrency Eurodollar Rate until the end of the current Interest Period or payment period applicable to such Loan.
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