Euro Rate Loan definition

Euro Rate Loan means each Eurodollar Loan, each Euro Denominated Loan and each Sterling Denominated Loan.

Euro Rate Loan means each Loan other than a Base Rate Loan, a Canadian Revolving Loan and a Canadian Term Loan.

Euro Rate Loan means any Loan bearing interest under the Euro-Rate Option.

Examples of Euro Rate Loan in a sentence

• If, after the date hereof, any Change in Law shall make it unlawful or impossible for compliance by any of the Lenders in good faith with any governmental requests (or any of their respective Lending Offices) to honor its obligations hereunder to make or maintain any Euro Rate Loan or CDOR Rate Loan, as applicable, such Lender shall promptly give notice thereof to the Administrative Agent and the Administrative Agent shall promptly give written notice to the Borrowers and the other Lenders.

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• Notwithstanding anything to the contrary herein, a Swingline Loan may not be converted to a CDOR Rate Loan or Euro Rate Loan.

• If no Default nor Event of Default has occurred and is continuing at such time, such Euro Rate Loan shall be made or continued, or such Prime Rate Loan shall be converted, on the requested Commencement Date.

• Interest on the outstanding principal portion of the Revolving Loans shall be payable, (x) in the case of Prime Rate Loans, monthly, in arrears on the first Business Day of each month and (y) in the case of Euro Rate Loans, at the end of each LIBOR Period or, for Euro Rate Loans with a LIBOR Period in excess of three months, at the earlier of (a) each three months from the commencement of such Euro Rate Loan or (b) the end of the LIBOR Period.

More Definitions of Euro Rate Loan

Euro Rate Loan means a Loan bearing interest at any time under the Euro-Rate Option.

Euro Rate Loan means each Eurodollar Loan, each Euro Revolving Loan, each Sterling Revolving Loan, each Australian Dollar Revolving Loan, each Yen Revolving Loan and each Other Permitted LIBOR-Based Alternate Currency Revolving Loan and, as applicable, each Euro Swingline Loan and Sterling Swingline Loan.

Euro Rate Loan means each LIBOR Rate Loan and each Euro Denominated Revolving Loan.

Euro Rate Loan means a Loan bearing interest at a rate determined by reference to the Euro Rate.

Euro Rate Loan contained in Section 11 of the Credit Agreement is hereby amended by inserting the text ", Euro Incremental Term Loan" immediately after the text "Eurodollar Loan" appearing in said definition.

Euro Rate Loan. A Revolving Credit Loan bearing interest under the -------------- Euro-Rate Option, as set forth in Subsection 2.2.

Euro Rate Loan. All or any portion of the Loans bearing interest under the Euro-Rate Option, as set forth in Subsection 2.2(a)(ii). Euro-Rate Option: The ability of the Borrower to elect Euro-Rate Loans, as set forth in Subsection 2.2(a)(ii). Euro-Rate Reserve Percentage: The maximum percentage (expressed as a decimal rounded upward to the nearest 1/100(th) of 1%), as determined by the Bank which is in effect during any relevant period, as prescribed by the Board of Governors of the Federal Reserve System (or any successor) for determining the maximum reserve requirements (including supplemental, marginal and emergency reserve requirements) with respect to eurocurrency funding (currently referred to as "Eurocurrency Liabilities") of a member bank in such System.