Common use of Interest Periods for Eurodollar Loans Clause in Contracts

Interest Periods for Eurodollar Loans. For each Eurodollar Loan, Borrower shall select an Interest Period that is either one, two, three or six months; provided that: (i) every such Interest Period shall commence on the date of such Advance or on the date of the conversion or continuation of any Loan as a Eurodollar Loan; (ii) if any Interest Period would otherwise expire on a day of a calendar month which is not a Business Day, then such Interest Period shall expire on the next succeeding Business Day in that calendar month; provided, however, that if the next succeeding Business Day would be in the following calendar month, it shall expire on the first preceding Business Day; (iii) any Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end of such Interest Period; and (iv) no Interest Period shall extend beyond the Revolving Loan Maturity Date.

Appears in 2 contracts

Samples: Credit Facilities Agreement (Young Innovations Inc), Credit Agreement (Young Innovations Inc)

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Interest Periods for Eurodollar Loans. For each Eurodollar Loan, Loan Borrower shall select an Interest Period that is either one30, two60, three 90, or six months180 days; provided that: (i) every such Interest Period for a Eurodollar Advance shall commence on the date of such the Advance or on the date of the conversion or continuation of any Loan as a Eurodollar Loan; (ii) if any Interest Period would otherwise expire on a day of a calendar month which is not a Business Day, then such Interest Period shall expire on the next succeeding Business Day in that calendar month; provided, however, that if the next succeeding Business Day would be in the following calendar month, it shall expire on the first preceding Business Day; (iii) any Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end of such Interest Period; and (iv) no Interest Period for a Eurodollar Loan that is part of the Aggregate Revolving Loan shall extend beyond the Revolving Loan Maturity Date.

Appears in 1 contract

Samples: Loan Agreement (Angelica Corp /New/)

Interest Periods for Eurodollar Loans. For each Eurodollar Loan, Loan Borrower shall select an Interest Period that is either one14, two30, three 60, or six months90 days; provided that: (i) every such Interest Period for a Eurodollar Advance shall commence on the date of such the Advance or on the date of the conversion or continuation of any Loan as a Eurodollar Loan; (ii) if any Interest Period would otherwise expire on a day of a calendar month which is not a Business Day, then such Interest Period shall expire on the next succeeding Business Day in that calendar month; provided, however, that if the next succeeding Business Day would be in the following calendar month, it shall expire on the first preceding Business Day; (iii) any Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end of such Interest Period; and (iv) no Interest Period for a Eurodollar Loan that is part of the Aggregate Revolving Loan shall extend beyond the Revolving Loan Maturity Date.

Appears in 1 contract

Samples: Loan Agreement (Layne Christensen Co)

Interest Periods for Eurodollar Loans. For each Eurodollar Loan, Loan Borrower shall select an Interest Period that is either one, two, three or six months; provided that: (i) every such Interest Period shall commence on the date of such Advance or on the date of the conversion or continuation of any Loan as a Eurodollar Loan; (ii) if any Interest Period would otherwise expire on a day of a calendar month which is not a Business Day, then such Interest Period shall expire on the next succeeding Business Day in that calendar month; provided, however, that if the next succeeding Business Day would be in the following calendar month, it shall expire on the first preceding Business Day; (iii) any Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end of such Interest Period; and (iv) no Interest Period shall extend beyond the Revolving Loan Maturity Date.

Appears in 1 contract

Samples: Credit Facilities Agreement (Young Innovations Inc)

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Interest Periods for Eurodollar Loans. For each Eurodollar Loan, Loan Borrower shall select an Interest Period that is either one30, two60, three 90, or six months180 days; provided that: (i) every such Interest Period for a Eurodollar Advance shall commence on the date of such the Advance or on the date of the conversion or continuation of any Loan as a Eurodollar Loan; (ii) if any Interest Period would otherwise expire on a day of a calendar month which is not a Business Day, then such Interest Period shall expire on the next succeeding Business Day in that calendar month; provided, however, that if the next succeeding Business Day would be in the following calendar month, it shall expire on the first preceding Business Day; (iii) any Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end of such Interest Period; and (iv) no Interest Period for a Eurodollar Loan that is part of the Aggregate Revolving Loan shall extend beyond the Revolving Loan Maturity Date, and no Interest Period for a Eurodollar Loan that is part of the Aggregate Term Loan shall extend beyond the Term Loan Maturity Date.

Appears in 1 contract

Samples: Loan Agreement (Talx Corp)

Interest Periods for Eurodollar Loans. For each Eurodollar Loan, Loan Borrower shall select an Interest Period that is either one, two, three three, or six months; provided that: (i) every such Interest Period for a Eurodollar Advance shall commence on the date of such Advance or on the date of the conversion or continuation of any Loan as a Eurodollar LoanAdvance; (ii) if any Interest Period would otherwise expire on a day of a calendar month which is not a Business Day, then such Interest Period shall expire on the next succeeding Business Day in that calendar month; provided, however, that if the next succeeding Business Day would be in the following calendar month, it shall expire on the first preceding Business Day; (iii) any Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the a calendar month at the end of such Interest Period; andmonth; (iv) no Interest Period for a Eurodollar Loan that is part of the Aggregate Revolving Loan shall extend beyond the Revolving Loan Maturity Date; and (v) no Interest Period for the Canadian Term Loan may extend beyond the Canadian Term Loan Maturity Date. A Eurodollar Loan shall bear interest at the Adjusted Eurodollar Rate throughout the applicable Interest Period designated by Borrower.

Appears in 1 contract

Samples: Credit Facilities Agreement (Dt Industries Inc)

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