Examples of Benchmark Loan in a sentence
Wherever in this Agreement in connection with a Borrowing, conversion, continuation or prepayment of a Term Benchmark Loan or RFR Loan or the issuance, amendment or extension of a Letter of Credit, an amount, such as a required minimum or multiple amount, is expressed in Dollars, but such Borrowing, Loan or Letter of Credit is denominated in a Foreign Currency, such amount shall be the relevant Foreign Currency Equivalent of such Dollar amount (rounded to the nearest 1,000 units of such Foreign Currency).
Each Term Benchmark Loan shall be denominated in an Agreed Foreign Currency (other than GBP) or Dollars.
An increase in interest rates and Letter of Credit Issuance Fees as aforesaid arising from a Borrowing Base Shortfall or an Event of Default applies to all outstanding Advances under the Credit Facilities and will on the Pricing Change Effective Date apply proportionately to each Benchmark Loan and Letter of Credit outstanding at such time on the basis of the number of days remaining in the term to maturity of each such Advance.
Each Term Benchmark Loan shall be denominated in an Agreed Foreign Currency (other than GBP or CHF) or Dollars.
If the early termination of any Benchmark Loan is required hereunder, the Borrower will pay to the Lenders all expenses and out-of-pocket costs incurred by the Lenders as a result of the early termination of such Benchmark Loan, including expenses and out-of-pocket costs incurred due to early redemption of offsetting deposits.