Offshore Rate Loans Sample Clauses

Offshore Rate Loans. In the case of any Offshore Currency Loans, the Borrowing or continuation shall be in an aggregate amount equal to the Dollar Equivalent amount of the originally requested Borrowing or continuation in the Offshore Currency, and to that end any outstanding Offshore Currency Loans which are the subject of any continuation shall be redenominated and converted into Base Rate Loans in Dollars with effect from the last day of the Interest Period with respect to any such Offshore Currency Loans.
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Offshore Rate Loans. Except as otherwise provided in subsections 2.6B, 2.6C and 2.6G, a Notice of Borrowing for an Offshore Rate Loan (or telephonic notice in lieu thereof) shall be irrevocable on and after the related Interest Rate Determination Date, and the Borrower giving such notice shall be bound to make a borrowing in accordance therewith.
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Offshore Rate Loans. During such periods as Multicurrency Revolving Loans shall be comprised of Offshore Rate Loans, each such Offshore Rate Loan shall bear interest at a per annum rate equal to the sum of the Offshore Rate plus the Applicable Margin. Interest on Multicurrency Revolving Loans shall be payable in arrears on each Interest Payment Date.
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Offshore Rate Loans. (a) At or about 8:00 a.m., Los Angeles time, two Banking Days prior to the commencement of the applicable Interest Period for any Offshore Rate Loan, the Agent shall determine the applicable Offshore Rate (which determination shall be conclusive in the absence of manifest error) and promptly shall give notice of the same to the Borrower and the Lenders by telephone, telecopier or telex. (b) Upon fulfillment of the applicable conditions set forth in Article 10, an Offshore Rate Loan shall become effective on the first day of the applicable Interest Period. (c) Unless the Majority Lenders otherwise consent, no more than eight Offshore Rate Loans shall be outstanding at any one time. (d) Nothing contained in this Agreement shall require any Lender to fund any Offshore Rate Advance in the applicable offshore dollar interbank market.
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Offshore Rate Loans. If such Loan is an Offshore Rate ------------------- Loan, a rate per annum equal at all times during the Interest Period for such Loan to, in the case of any A Term Loan or Working Capital Loan, the Eurodollar Rate, and in the case of a Canadian Term Loan, the CDOR Rate, for such Interest Period, in each case, plus the Applicable Margin at the time of ---- determination, payable, in either such event, in arrears, on the last day of each Interest Period (provided that if such Interest Period exceeds three months, on the last day of the third month and on the last day of such Interest Period), or, if earlier, on the date such Offshore Rate Loan shall be paid in full;
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Offshore Rate Loans. If such Loan is an Offshore ------------------- Rate Loan, a rate PER ANNUM equal at all times during the Interest Period for such Loan to the Eurodollar Rate for such Interest Period plus 3.0%, payable, in arrears, on the last day of each Interest Period (provided that if such Interest Period exceeds three months, on the last day of the third month and on the last day of such Interest Period), or, if earlier, on the date such Offshore Rate Loan shall be paid in full; provided, however, that, from and after the occurrence of an Event of -------- ------- Default and unless and until such Event of Default is cured or waived, (i) the Borrowers shall not be entitled to elect that any portion of any Loan be an Offshore Rate Loan (in the case of the Canadian Term Loan, such Loan shall then accrue interest at a rate to be negotiated in good faith by SLQ and the Lender); and (ii) in the case of the A Term Loan, the B Term Loan and the Working Capital Loan, the U.S. Borrowers shall pay interest on the Loans for which they are liable on the unpaid principal amount thereof at the Default Rate, such interest being payable on demand.
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Offshore Rate Loans. The Company may, from time to time, on the last Business Day of the relevant Interest Period, prepay the Offshore Rate Loans, in whole or in part, without premium or penalty, upon irrevocable notice to the Agent by the Company of at least three Business Days, specifying the date and amount of prepayment. The Company may, from time to time, on any Business Day prior to the last Business Day of the relevant Interest Period, prepay the entire amount (and not less than the entire amount) of an Offshore Rate Loan, upon irrevocable notice to the Agent by the Company of at least three Business Days, specifying the date and amount of prepayment; provided, however, that the Company shall pay to the Agent for the account of the Banks in addition to the prepayment amount the sum of the amounts required to be paid in accordance with Section 2.
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Related to Offshore Rate Loans

  • 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.

  • 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.

  • Prime Rate Loans During such periods as the Term Loan shall be comprised of Prime Rate Loans, each such Prime Rate Loan shall bear interest at a per annum rate equal to the Prime Rate; and

  • Base Rate Loans During such periods as Revolving Loans shall be comprised in whole or in part of Base Rate Loans, such Base Rate Loans shall bear interest at a per annum rate equal to the Adjusted Base Rate.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Reserves on Eurocurrency Rate Loans The Domestic Borrower shall pay (or cause the Foreign Borrower to pay) to each Lender, (i) 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) and (ii) without duplication of any cost in clause (i) of this clause (e), as long as such Lender shall be required to comply with any reserve ratio requirement or analogous requirement of any other central banking or financial regulatory authority imposed in respect of the maintenance of the Commitments or the funding of the Eurocurrency Rate Loans, such additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five decimal places) equal to the actual costs allocated to such Commitment or Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which in each case shall be due and payable on each date on which interest is payable on such Loan, provided the Domestic Borrower shall have received at least 10 days’ prior notice (with a copy to the Administrative Agent) of such additional interest or costs from such Lender. If a Lender fails to give notice 10 days prior to the relevant Interest Payment Date, such additional interest or costs shall be due and payable 10 days from receipt of such notice.

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