Euro Rate Loans definition

Euro Rate Loans means any Revolving Loans or portion thereof denominated in U.S. Dollars or an Alternate Currency (other than Canadian Dollars) and on which interest is payable based on the Euro Rate in accordance with the terms hereof.
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Euro Rate Loans means Revolving Credit Loans bearing interest at rates determined by reference to the Euro-Rate as provided in Section 2.2A hereof.
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Euro Rate Loans means the Eurodollar Rate Loans and Euro LIBOR Loans, collectively.
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Examples of Euro Rate Loans in a sentence

  • More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than 15 Borrowings of Euro Rate Loans.

  • Upon each Interest Determination Date, the Administrative Agent shall determine the interest rate for the Euro Rate Loans for which such determination is being made and shall promptly notify the respective Borrower and the respective Lenders thereof.

  • The amount of such loss or expense shall be determined, in the applicable Lender’s sole discretion, based upon the assumption that such Lender funded its Commitment of the Euro Rate Loans in the London interbank market or CDOR Rate Loans in the Canadian Dollar bankers’ acceptances market, as applicable, and using any reasonable attribution or averaging methods which such Lender deems appropriate and practical.

  • More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than thirty Borrowings of Euro Rate Loans and CDOR Rate Loans in the aggregate.

  • Interest shall be payable by Borrower to Agent (i) in the case of Canadian Prime Rate Loans and U.S. Base Rate Loans, quarterly in arrears on the last Business Day of each Fiscal Quarter and (ii) in the case of CDOR Rate Loans and Euro Rate Loans, on the last day of each Interest Period (and in the case of an Interest Period of greater than three (3) months, on the last day of each three (3) month period during such Interest Period and on the last day of such Interest Period).

  • More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than (x) fifteen (15) Borrowings of Euro Rate Loans in the aggregate and (y) more than five (5) Borrowings of B/A Equivalent Loans.

  • The amount of such loss or expense shall be determined, in the applicable Lender’s sole discretion, based upon the assumption that such Lender funded its Commitment of the CDOR Rate Loans or Euro Rate Loans in the London or Canadian interbank market and using any reasonable attribution or averaging methods which such Lender deems appropriate and practical.

  • More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than (x) thirty Borrowings of Euro Rate Loans and B/A Discount Rate Loans in the aggregate and (y) five different maturity dates in the aggregate for all outstanding Bankers’ Acceptance Loans.

  • In no event shall there be more than ten (10) Euro Rate Loans in effect at any time.

  • In connection therewith, the respective Incremental Term Loan Borrower may agree, in the respective Incremental Term Loan Commitment Agreement, to compensate the Lenders making the new Incremental Term Loans of the respective Tranche for funding Euro Rate Loans or CDOR Rate Loans during an existing Interest Period on such basis as may be agreed by such Incremental Term Loan Borrower and the respective Lender or Lenders.


More Definitions of Euro Rate Loans

Euro Rate Loans. Revolving Loans bearing interest at a rate based upon the Euro-Rate."
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Euro Rate Loans is hereby added to read in its entirety as follows:
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Euro Rate Loans means any Loans comprising any Borrowing Tranche to which the Euro-Rate Option applies.
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Related to Euro Rate Loans

  • Fixed Rate Loans means Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.

  • LIBO Rate Loan means a Loan bearing interest, at all times during an Interest Period applicable to such Loan, at a fixed rate of interest determined by reference to the LIBO Rate (Reserve Adjusted).

  • LIBOR Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the LIBOR Rate.

  • Canadian Prime Rate Loans means any Canadian Dollar Revolving Loan during the period which it bears interest at a rate determined by reference to the Canadian Prime Rate.

  • LIBO Rate Advances has the meaning specified in Section 2.03(a)(i).

  • Eurocurrency Rate Advance means an Advance denominated in Dollars or a Committed Currency that bears interest as provided in Section 2.07(a)(ii).