Eurocurrency Advance definition

Eurocurrency Advance means an Advance which, except as otherwise provided in Section 2.12, bears interest at the applicable Eurocurrency Rate.

Eurocurrency Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurocurrency Rate.

Eurocurrency Advance means an US Advance or a Canadian Advance that bears interest based upon the Eurocurrency Rate (other than Advances that bear interest based upon the Daily One Month LIBOR).

Examples of Eurocurrency Advance in a sentence

• Interest accrued on each Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity.

• Interest accrued on each Eurocurrency Advance having an Interest Period longer than three months shall also be payable on the last day of each three-month interval during such Interest Period.

• Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurocurrency Advance on a day other than a Payment Date shall be payable on the date of conversion.

• Interest accrued on each Eurocurrency Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period.

• The Administrative Agent will notify each Lender of the interest rate applicable to each Eurocurrency Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Rate.

More Definitions of Eurocurrency Advance

Eurocurrency Advance means a Multicurrency Advance which bears interest at the Eurocurrency Rate.

Eurocurrency Advance means an Advance which bears interest at the applicable Eurocurrency Rate.

Eurocurrency Advance means any Eurocurrency Rate Advance or Eurocurrency Bid Rate Advance for any Advance in any Agreed Currency other than Euro.

Eurocurrency Advance or “Eurocurrency Loan” means an Advance or Loan which, except as otherwise provided in Section 2.11, bears interest based on the applicable Eurocurrency Rate. Eurocurrency Advances and Eurocurrency Loans that are (i) Revolving Borrowings shall be denominated in Dollars or a Foreign Currency or (ii) Swingline Borrowing shall be denominated in Euros. All Revolving Loans denominated in a Foreign Currency must be Eurocurrency Loans.

Eurocurrency Advance means an Advance comprised of Eurocurrency Loans.

Eurocurrency Advance. An Advance with respect to which the interest rate is determined by reference to the Adjusted Eurocurrency Rate.

Eurocurrency Advance means an Advance denominated in Dollars or in an Alternative Currency which bears interest as provided in SECTION 2.07(c).