Eurocurrency Loans definition

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

  • Revolving Loans may from time to time be Eurocurrency Loans or (other than in the case of Foreign Currency Loans) ABR Loans, Term Benchmark Loans or RFR Loans, as determined by the applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13.

  • Revolving Borrowings may consist of Alternate Base Rate Loans, SOFR Loans, Eurocurrency Loans or XXXXX Loans, or a combination thereof, selected by the applicable Borrower in accordance with Sections 2.08 and 2.09.

  • Notwithstanding anything to the contrary in this Agreement, all outstanding Eurocurrency Loans (as defined in the Existing Credit Agreement) as of the Effective Date shall remain outstanding as Eurocurrency Loans until the end of the Interest Period applicable thereto as of the Effective Date (immediately prior to the effectiveness of this Agreement) and thereafter shall be converted to ABR Loans or Term Benchmark Loans, as applicable, in accordance with the terms of this Agreement.

  • Revolving Loans denominated in a Foreign Currency must be Eurocurrency Loans or XXXXX Loans, provided that the applicable interest rate in respect of Revolving Loans denominated in an additional Foreign Currency established pursuant to Section 1.05 shall be as agreed pursuant to such Section.


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 ofEurocurrency Base Rate” in this Section 1.01.
Eurocurrency Loans. Loans that bear interest at a rate based on clauses (a) – (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 means each Loan bearing interest at the rates provided in section 2.7(b).
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 a loan denominated in Eurocurrency.
Eurocurrency Loans. Term Loans the rate of interest applicable to which is based upon the Eurocurrency Rate.