EURIBOR Rate Advance definition

EURIBOR Rate Advance means an Advance in Euros which bears interest at a rate per annum determined on the basis of the EURIBOR Rate. All EURIBOR Rate Advances shall be denominated in Euros.

EURIBOR Rate Advance means a Revolving Credit Advance or a Term Loan Advance denominated in euro which bears interest as provided in Section 2.07(b) or a Local Currency Advance which bears interest as provided in Section 2.07(b) and the Local Currency Addendum.

EURIBOR Rate Advance means (i) an Advance made or to be made by a Bank pursuant to Section 2.01 as a EURIBOR Rate Advance in accordance with the applicable Notice of Syndicated Borrowing and (ii) any Advance converted into a EURIBOR Rate Advance in accordance with Section 2.03. Each EURIBOR Rate Advance shall bear interest as provided in Section 5.07(c). “Euro” and/or “EUR” means the euro referred to in Council Regulation (EC) No. 1103/97, dated June 17, 1997, passed by the Council of the European Union, or, if different, the then lawful currency of the member states of the European Union that participate in the third stage of Economic and Monetary Union.

Examples of EURIBOR Rate Advance in a sentence

• Each request by a Borrower for a EURIBOR Rate Advance shall be made pursuant to a Request for Loan (or telephonic request for Loan referred to in the second sentence of Section 2.1(b), if applicable) received by the Administrative Agent, at the Administrative Agent’s Office, not later than 9:30 a.m., London time, at least three (3) Eurocurrency Banking Days before the first day of the applicable Interest Period.

• No Eurodollar Rate Advance may be converted into or continued as a EURIBOR Rate Advance, but instead must be prepaid in Dollars and reborrowed in the Alternative Currency, and no EURIBOR Rate Advance may be converted into or continued as a Eurodollar Rate Advance, but instead must be prepaid in the Alternative Currency and reborrowed in Dollars.

• If such Advance is a EURIBOR Rate Advance, a rate per annum equal at all times during the Interest Period for such Advance to EURIBOR for such Interest Period plus the EURIBOR Margin (such rate to change when and as the EURIBOR Margin changes), payable on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on the date during such Interest Period which occurs three months after the first day of such Interest Period.

• The failure to give such notice shall be considered a request to Continue such Advance as a EURIBOR Rate Advance with a one month Interest Period.

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• Each request by a Borrower for a EURIBOR Rate Advance shall be made pursuant to a Request for Loan (or telephonic request for Loan referred to in the second sentence of Section 2.1(b), if applicable) received by the Administrative Agent, at the Administrative Agent’s Office, not later than 9:30 a.m., London time, at least three (3) Banking Days before the first day of the applicable Interest Period.

• No EurodollarAdjusted Term SOFR Rate Advance may be converted into or continued as a EURIBOR Rate Advance, but instead must be prepaid in Dollars and reborrowed in the Alternative Currency, and no EURIBOR Rate Advance may be converted into or continued as a Eurodollaran Adjusted Term SOFR Rate Advance, but instead must be prepaid in the Alternative Currency and reborrowed in Dollars.