Euro Revolving Loan definition

Euro Revolving Loan has the meaning specified in Section 2.01(a).

Euro Revolving Loan mean a Revolving Loan made pursuant to Section 2.1(b).

Euro Revolving Loan means each Alternate Currency Revolving Loan denominated in Euros at the time of the incurrence thereof made by an Alternate Currency RL Lender with a Euro Revolving Loan Sub-Commitment.

Examples of Euro Revolving Loan in a sentence

• Proceeds of the Euro Revolving Loan shall be used to accommodate overseas operations, and hereafter may be used by the Company only to fund working capital requirements.

• A Euro Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Euro Letter of Credit the Euro Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the Euro LC Exposure shall not exceed €1,500,000 and (ii) the total Euro Revolving Credit Exposures shall not exceed the total Euro Revolving Loan Commitments.

• Notwithstanding the foregoing, not more than €1,000,000 may be drawn under the Euro Revolving Loan Commitments on the Closing Date, and no more than €3,500,000 may be outstanding under the Euro Revolving Loan Commitments at any time prior to compliance with the covenant contained in Section 5.15.

• Each Borrowing under the Revolving Credit Commitments and the Term Loan Commitments may be either a Eurodollar Borrowing or an ABR Borrowing; Borrowings under the Euro Term Loan Commitments and the Euro Revolving Loan Commitments may only be Eurocurrency Borrowings.

• Promptly following receipt of a Borrowing Request in accordance with this Section, with respect to Borrowings under the Euro Term Loan Commitments and the Euro Revolving Loan Commitments, the Euro Administrative Agent shall advise each Lender having a Euro Term Loan Commitment or a Euro Revolving Loan Commitment of the details of such Borrowing Request and of the amount of such Lender’s Loan to be made as part of the requested Borrowing.

More Definitions of Euro Revolving Loan

Euro Revolving Loan means a revolving credit loan denominated in euro, including any Incremental Revolving Loan denominated in euro.

Euro Revolving Loan and “Euro Revolving Loans” have the meanings given in Section 2.1(b)(ii).

Euro Revolving Loan means each Multicurrency Facility Revolving Loan denominated in Euros at the time of the incurrence thereof.

Euro Revolving Loan has the meaning specified in Section 2.01(a). “Eurocurrency Lending Office” means, with respect to any Lender, the office of such Lender specified as its “Eurocurrency Lending Office” in its administrative questionnaire delivered to the Administrative Agent or in the Acceptance pursuant to which it became a Lender (or, if no such office is specified, its Domestic Lending Office), or such other office of such Lender as such Lender may from time to time specify to the U.S. Borrower and the Administrative Agent. “Eurocurrency Liabilities” has the meaning assigned to that term in Regulation D of the Board of Governors of the Federal Reserve System, as in effect from time to time. “Eurocurrency Rate” means, (a) in the case of any Eurocurrency Rate Loan denominated in Dollars, for any Interest Period, the rate per annum appearing on the applicable Bloomberg screen (or on any successor or substitute page of such service, or any successor to or substitute for such service, providing rate quotations comparable to those currently provided on such page, as determined by the Administrative Agent from time to time for purposes of providing quotations of interest rates applicable to dollar deposits in the London interbank market, the “LIBOR Screen Rate”) as the London interbank offered rate for deposits in Dollars at approximately 11:00 A.M. (London time) on the second Business Day immediately preceding the first day of such Interest Period, for a term comparable to such Interest Period; and

Euro Revolving Loan has the meaning provided in Section 2.01(b)(i), including any additional loans and commitments established in respect thereof as Incremental Loan Facilities hereunder.

Euro Revolving Loan means a loan made or to be made under the Euro Revolving Facility or the principal amount outstanding for the time being of that loan.

Euro Revolving Loan shall have the meaning given such term in Section 4.1.