Common use of Revolving Credit Euro-Rate Option Clause in Contracts

Revolving Credit Euro-Rate Option. A rate per annum (computed on the basis of a year of 360 days and actual days elapsed) equal to the Euro-Rate plus the Applicable Margin; provided, however, that in the case of a Revolving Credit Loan which is denominated in Canadian dollars, British pounds sterling, Australian dollars and New Zealand dollars, such rate per annum shall be calculated on the basis of a 365 day year.

Revolving Credit Euro-Rate Option. A rate per annum (computed on the basis of a year of 360 days and actual days elapsed) equal to the Euro-Rate plus the Applicable Margin; provided, however, that in the case of a Revolving Credit Loan which is denominated in Canadian dollars, British pounds sterling, Australian dollars and New Zealand dollars, such rate per annum shall be calculated on the basis of a 365 365-day year. Subject to Section 4.3 [Interest After Default], only the Base Rate Option applicable to Revolving Credit Loans shall apply to the Swing Loans.

Revolving Credit Euro-Rate Option. A rate per annum (computed on the basis of a year of 360 days and actual days elapsed) equal to the Euro-Rate plus the Applicable Margin; provided, however, that in the case of a Revolving Credit Loan which is denominated in Canadian dollars, British pounds sterling, Australian dollars and New Zealand dollars, such rate per annum shall be calculated on the basis of a 365 day year.

Revolving Credit Euro-Rate Option. A rate per annum (computed on the basis of a year of 360 days and actual days elapsed) equal to the Euro-Rate as determined for each applicable Interest Period plus the Applicable Margin; provided, provided however, that in the case of a Revolving Credit an Optional Currency Loan which is denominated in Canadian dollars, British pounds sterling, Australian dollars and New Zealand dollars(if any), such rate per annum shall be calculated on the basis of a 365 365-day year. Subject to Section 4.3 [Interest After Default], only the Base Rate Option applicable to Revolving Credit Loans shall apply to the Swing Loans.