Eurocurrency Loans definition

Eurocurrency Loans. Loans the rate of interest applicable to which is based upon the Eurocurrency Rate.

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Eurocurrency Loans. Committed Rate Loans at such time as they are made and/or being maintained at a rate of interest based upon a Eurocurrency Rate.

Eurocurrency Loans. Loans the rate of interest applicable to which is based upon the Adjusted LIBOR Rate.

Examples of Eurocurrency Loans in a sentence

• Notwithstanding anything to the contrary contained in this Agreement, any amounts held by the Administrative Agent pursuant to this clause ‎(h) pending application to any Eurocurrency Loans or Term SOFR Loans shall be held and applied to the satisfaction of such Eurocurrency Loans or Term SOFR Loans prior to any other application of such property as may be provided for herein.

• The Revolving Loans (other than Revolving Loans denominated in Dollars or Sterling) may from time to time be Eurocurrency Loans or, with respect to Revolving Loans denominated in Dollars, Term SOFR Loans or ABR Loans, as determined by the applicable Revolving Borrower and notified to the Administrative Agent in accordance with Sections ‎2.5 and ‎2.12.

• Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent shall also be authorized (without any further action by or notice to or from any Borrower or any other Loan Party) to apply such amount to the prepayment of the applicable Eurocurrency Loans or Term SOFR Loans in accordance with this Section ‎2.11 (determined as of the date such prepayment was required to be originally made).

• Except as otherwise provided hereunder, if any payment hereunder (other than payments on the Eurocurrency Loans or Term SOFR Loans) becomes due and payable on a day other than a Business Day, such payment shall be required on the immediately preceding Business Day.

More Definitions of Eurocurrency Loans

Eurocurrency Loans means Loans the interest on which is determined on the basis of rates referred to in the definition of “Eurocurrency Base Rate” in this Section 1.01.

Eurocurrency Loans. Loans that bear interest at a rate based on clauses (a) and (b) of the definition of “Eurocurrency Rate.”

Eurocurrency Loans. Revolving Credit Loans and Competitive Loans, the rate of interest applicable to which is based upon the Eurocurrency Rate.

Eurocurrency Loans. Loans, Local Loans or Acceptances, as context may require, and in each case, the rate of interest applicable to which is based upon the Eurocurrency Rate.

Eurocurrency Loans means each Loan, denominated in U.S. Dollars or in an Alternative Currency, bearing interest at the rates provided in section 2.7(b).

Eurocurrency Loans means a loan denominated in Eurocurrency.

Eurocurrency Loans means Loans the interest on which is determined on the basis of rates referred to in the definition of "Eurocurrency Base Rate" in this Section 1.01.