Examples of Euro-Dollar Margin in a sentence
Notwithstanding anything to the contrary contained herein, upon the request of the Required Banks, while any payment-related Event of Default exists, all Letter of Credit Fees shall accrue at a rate per annum equal to the Euro-Dollar Margin plus 2%.
The Borrower hereby promises to pay to the Administrative Agent for account of each Bank interest on the outstanding principal amount of each Euro-Dollar Loan of such Bank, for each day during the Interest Period applicable thereto, at a rate per annum equal to the sum of the Euro-Dollar Margin for such day plus the Adjusted London Interbank Offered Rate applicable to such Interest Period.
Each Loan outstanding under the Existing Agreement on the Closing Date shall remain outstanding under this Amended Agreement, with an Interest Period and, in the case of any Euro-Dollar Loan, a related Adjusted London Interbank Offered Rate as initially established pursuant to the Existing Agreement, but with a Base Rate Margin or Euro-Dollar Margin determined pursuant to this Amended Agreement for any date on or after the Closing Date.
The Borrower will pay to the Agent for the account of the Issuing Bank and the Banks a commission on all outstanding Commercial Letters of Credit at the rate per annum 1/8% above the Euro-Dollar Margin of the average daily face amount of such Letters of Credit during the period for which such payment is made, of which 1/8% per annum will be a fronting fee for the account of the Issuing Bank, and the remainder will be shared ratably among the Banks, payable quarterly in arrears on each L/C Fee Payment Date.
Upon the issuance of each Letter of Credit pursuant to Section 2.01(b) and until termination, cancellation or expiration of such Letter of Credit, subject to Section 2.19(a)(iv), the Borrower agrees to pay to the Administrative Agent for the account of each Bank in accordance with its Pro Rata Share a Letter of Credit fee (the “Letter of Credit Fee”) for each Letter of Credit equal to a rate per annum equal to the Euro-Dollar Margin in effect from time to time.