Eurocurrency Rate Committed Borrowing definition

Eurocurrency Rate Committed Borrowing means a Committed Borrowing that bears interest based on the Eurocurrency Rate. Eurocurrency Rate Committed Borrowings may be denominated in Dollars or in an Alternative Currency.
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Examples of Eurocurrency Rate Committed Borrowing in a sentence

  • Thereafter, the Borrower may elect to convert such Committed Borrowing to a different Type or to continue such Committed Borrowing and, in the case of a Eurocurrency Rate Committed Borrowing, may elect Interest Periods therefor, all as provided in this Section 2.06.

  • If any such Interest Election Request requests a Eurocurrency Rate Committed Borrowing but does not specify an Interest Period, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration.

  • If no Interest Period is specified with respect to any requested Eurocurrency Rate Committed Borrowing, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration.

  • By: Name: Title: 7 In the case of a Eurocurrency Rate Committed Borrowing, specify the last day of the current Interest Period therefor.