Alternate Currency Advance definition

Alternate Currency Advance means a borrowing hereunder (or a continuation thereof) consisting of the several Alternate Currency Loans made in the same Alternate Currency on the same Borrowing Date (or the date of continuation) by the Alternate Currency Lenders for the same Interest Period.
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Alternate Currency Advance means an Advance denominated in an Alternate Currency made pursuant to Section 2.1(b).
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Alternate Currency Advance means a borrowing hereunder (or conversion or continuation thereof) consisting of the aggregate amount of the several Alternate Currency Loans made by the Alternate Currency Banks to one or more of the Borrowers pursuant to Section 2.1.2 of the same Type, denominated in the same currency, to the same Borrower and for the same Interest Period.
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Examples of Alternate Currency Advance in a sentence

  • Each Alternate Currency Advance shall bear interest as specified in the applicable Alternate Currency Addendum.

  • The Lenders shall have no obligation to make any such Alternate Currency Advance so requested by the Borrower.

  • Each Alternate Currency Advance shall consist of Alternate Currency Loans made by each applicable Alternate Currency Lender ratably in proportion to such Alternate Currency Lender's respective Alternate Currency Share.

  • If, and only if, each of the Lenders in its sole and absolute discretion agrees, in the manner provided for in this Section 2.11, to make its respective Loan comprising any such Alternate Currency Advance, will such Alternate Currency Advance be made.

  • Each Alternate Currency Advance shall consist of Alternate Currency Loans made by each applicable Alternate Currency Lender ratably in proportion to such Alternate Currency Lender’s respective Alternate Currency Share.

  • Each Alternate Currency Advance under this Section 2.1.2. shall consist of Alternate Currency Loans made by each Alternate Currency Bank ratably in proportion to such Lender's Percentage.

  • Such notice of borrowing shall specify (i) the requested funding date, which shall be a Business Day, (ii) the Dollar Equivalent of the amount of the proposed Alternate Currency Advance, (iii) the currency of such proposed Alternate Currency Advance, (iv) the Interest Period selected by Borrower (provided that no such Interest Period shall extend past the Long Term Revolving Facility Termination Date) and (v) Borrower's election of the Effective Date on which the Alternate Currency Advance shall begin.

  • The applicable Borrower shall select the Type of Advance and, in the case of each Alternate Currency Advance and Eurocurrency Advance, the Interest Period applicable to each Advance from time to time.

  • In the case of any Alternate Currency Advance (other than in connection with a Competitive Bid Foreign Currency Loan), Borrower (acting for itself or on behalf of each other Borrower), through an Authorized Officer, shall give Administrative Agent at least three Business Days' irrevocable written notice of its intention to borrow or reborrow such advance hereunder (the "Alternate Currency Option").

  • The Borrower may borrow hereunder by means of Floating Rate Advances, Alternate Currency Advances or Eurodollar Advances and, until the Termination Date, the Borrower may Convert all or part of one Type of Advance into another Type of Advance or Continue all or part of any Eurodollar Advance or Alternate Currency Advance.


More Definitions of Alternate Currency Advance

Alternate Currency Advance means a LIBO Rate Loan or a Competitive Bid Loan, as the case may be, denominated in an Alternate Currency.
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Alternate Currency Advance means an Advance which is funded in an Alternate Currency and bears interest at the Alternate Currency Rate (including, without limitation, Advances under Competitive Bid Foreign Currency Loans).
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Alternate Currency Advance means any Advance denominated in an Alternate Currency made to a Borrower. Each Alternate Currency Advance shall be a LIBOR Advance.
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Alternate Currency Advance means an Advance bearing interest at a Transaction Rate and denominated in an Alternate Currency made pursuant to SECTION 2.1(b).
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Alternate Currency Advance means a borrowing hereunder (or a continuation thereof) consisting of the several Alternate Currency Loans made in the same
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Alternate Currency Advance means any Advance that is denominated in an Alternate Currency.”
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Related to Alternate Currency Advance

  • Alternate Currency Loan means any Loan denominated in an Alternate Currency.

  • Alternate Currency means (i) with respect to any Letter of Credit, Canadian Dollars and any other currency other than Dollars as may be acceptable to the Administrative Agent and the Issuing Bank with respect thereto and all respective Lenders of such Facility with respect thereto in their sole discretion and (ii) with respect to any Loan, any currency other than Dollars that is approved in accordance with Section 1.05.

  • Alternative Currency Daily Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency.

  • Alternative Currency Loan means an Alternative Currency Daily Rate Loan or an Alternative Currency Term Rate Loan, as applicable.

  • Local Currency Advance means any Advance, denominated in Pounds Sterling, Euro, or any other Agreed Currency which CIF requests the Local Currency Banks to include as a Local Currency and which is reasonably acceptable to the Local Currency Banks, made to CIF pursuant to Sections 2.03A and 2.03B of the Credit Agreement and this Addendum. A Local Currency Advance shall bear interest at the rate specified in Schedule II.

  • Eurocurrency Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurocurrency Rate.

  • Japan Local Currency Advance means any Advance, denominated in Japanese Yen, made to CFKK pursuant to Sections 2.03C and 2.03D of the Credit Agreement and this Addendum. A Japan Local Currency Advance shall bear interest at the rate specified in Schedule II.

  • Alternative Currency Term Rate Loan means a Committed Loan that bears interest at a rate based on the definition of “Alternative Currency Term Rate.” All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency.

  • Eurodollar Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurodollar Rate.

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.

  • Alternative Currency Daily Rate means, for any day, with respect to any Credit Extension:

  • Base Rate Advance means an Advance that bears interest at a rate based upon the Base Rate.

  • Committed Advance means an advance made by a Lender to a Borrower as part of a Committed Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Committed Advance, each of which is a “Type” of Committed Advance.

  • Eurocurrency Rate Advance means a Revolving Credit Advance denominated in Dollars or a Committed Currency that bears interest as provided in Section 2.07(a)(ii).

  • LIBO Rate Advance means a Pro Rata Advance that bears interest as provided in Section 2.04(a)(ii).

  • Offshore Currency Loan means any Offshore Rate Loan denominated in an Offshore Currency.

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

  • Euro-Dollar Loan means a Committed Loan which bears interest at a Euro-Dollar Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

  • Alternative Currency means each of Euro, Sterling, Yen and each other currency (other than Dollars) that is approved in accordance with Section 1.06.

  • Reference Rate Advance means an Advance which bears interest as provided in Section 2.09(a).

  • Alternate Base Rate Advance means an Advance which bears interest at the Alternate Base Rate.

  • Foreign Currency Loan means a Revolving Loan denominated in a Foreign Currency.

  • Alternate Currency Letter of Credit means any Letter of Credit denominated in an Alternate Currency.

  • Optional Currency means a currency (other than the Base Currency) which complies with the conditions set out in Clause 4.3 (Conditions relating to Optional Currencies).

  • Fixed Rate Advance means an Advance which bears interest at a Fixed Rate.

  • Floating Rate Advance means an Advance which bears interest at the Floating Rate.