Dollar Loans definition
Examples of Dollar Loans in a sentence
If, upon the expiration of any Interest Period in respect of any Term SOFR Loans or any Term ▇▇▇▇▇ Interest Period in respect of any Term ▇▇▇▇▇ Loans, Borrowers shall have failed to deliver the Notice of Conversion/Continuation, Borrowers shall be deemed, as applicable, to have elected (a) to convert such Term SOFR Loans that are Dollar Loans to Base Rate Loans or (b) to continue such Term ▇▇▇▇▇ Loans as Term ▇▇▇▇▇ Loans with a Term ▇▇▇▇▇ Interest Period of 1 month.
If, upon the expiration of any Interest Period in respect of any Term SOFR Loans or, after the Term ▇▇▇▇▇ Activation Date, any Term ▇▇▇▇▇ Interest Period in respect of any Term ▇▇▇▇▇ Loans, Borrowers shall have failed to deliver the Notice of Conversion/Continuation, Borrowers shall be deemed, as applicable, to have elected (a) to convert such Term SOFR Loans that are Dollar Loans to Base Rate Loans or (b) to continue such Term ▇▇▇▇▇ Loans as Term ▇▇▇▇▇ Loans with a Term ▇▇▇▇▇ Interest Period of 1 month.