Eurocurrency Rate Committed Loan definition

Eurocurrency Rate Committed Loan means a Committed Loan that bears interest at a rate based on the Eurocurrency Rate. Eurocurrency Rate Committed Loans may be denominated in Dollars or in an Alternative Currency. All Committed Loans denominated in an Alternative Currency must be Eurocurrency Rate Committed Loans.
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Eurocurrency Rate Committed Loan means a Eurocurrency Rate Loan other than a Eurocurrency Margin Bid Loan.
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Eurocurrency Rate Committed Loan means any Committed Loan that bears interest at a rate based upon the Eurocurrency Rate. For the avoidance of doubt, a CDOR Rate Loan and a TIBOR Rate Loan is each a Eurocurrency Rate Committed Loan, but a Daily Floating Rate Loan is not a Eurocurrency Rate Committed Loan.
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Examples of Eurocurrency Rate Committed Loan in a sentence

  • Until each Alternative Currency Lender funds its Eurocurrency Rate Committed Loan or risk participation pursuant to this Section 2.05(c) to fund such Lender’s Applicable Alternative Currency Percentage of any Canadian Dollar Swing Line Loan, interest in respect of such Applicable Alternative Currency Percentage shall be solely for the account of the Canadian Dollar Swing Line Lender.

  • Any prepayment of a Eurocurrency Rate Committed Loan will be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05.

  • For purposes of calculating amounts payable by the Company (or the applicable Designated Borrower) to any Lender under this Section 3.07, such Lender shall be deemed to have funded each Eurocurrency Rate Committed Loan made by it at the Eurocurrency Rate for such Loan by a matching deposit or other borrowing in the offshore interbank market for such currency for a comparable amount and for a comparable period, whether or not such Eurocurrency Rate Committed Loan was in fact so funded.

  • If the Company fails to specify a Type of Loan in a Committed Loan Notice or fails to give a timely notice requesting a conversion or continuation, then the applicable Term Loans or Revolving Credit Loans shall be made as, or converted to, a Eurocurrency Rate Committed Loan with an Interest Period of one month (subject to the definition of Interest Period).

  • If the Company fails to give timely notice requesting a conversion or continuation of a Eurocurrency Rate Committed Loan, such Eurocurrency Rate Committed Loan will be continued with an Interest Period of one month and in its original currency.


More Definitions of Eurocurrency Rate Committed Loan

Eurocurrency Rate Committed Loan means a Eurocurrency Rate Loan other than a Eurocurrency Margin Bid Loan. “Eurocurrency Rate Loan” means a Revolving Credit Loan, a Delayed Draw Term Loan or a Term Loan that bears interest
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Eurocurrency Rate Committed Loan means a Committed Loan that bears interest at a rate based on the Eurocurrency Rate. All Committed Loans denominated in an Alternative Currency must be Eurocurrency Rate Committed Loans.
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Eurocurrency Rate Committed Loan means a Committed Loan that bears interest at a rate based onclause (a) of the definition of “Eurocurrency Rate.” “Eurocurrency Rate Loan” means a Eurocurrency Rate Committed Loan or a Eurocurrency Margin Bid Loan.
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Eurocurrency Rate Committed Loan. (i) Sections 2.3, 3.3 and 4.3 (Borrowings, Conversions and Continuations of Committed Loans), Sections 2.6.1, 3.6.1 and 4.5.1 (Prepayments); (ii) Section 6.4.1(a) (Interest); and (iii) the last paragraph of Section 8.2 (Conditions to all Credit Extensions).
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Eurocurrency Rate Committed Loan means any Committed Loan that bears interest at a rate based upon the Eurocurrency Rate. “U.S. Absolute Rate Loan” means a U.S. Bid Loan that bears interest at a rate determined with reference to an Absolute Rate.
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Eurocurrency Rate Committed Loan means a Eurocurrency Rate Loan other than a Eurocurrency Margin Bid Loan. “Eurocurrency Rate Loan” means a Revolving Credit Loan, a Delayed Draw Term Loan or a Term Loan that bears interest ata rate based on clause (a) of the definition of “Eurocurrency Rate.” Eurocurrency Rate Loans may be denominated in Dollars or in anAlternative Currency. All Loans denominated in an Alternative Currency must be Eurocurrency Rate Loans. “Event of Default” has the meaning specified in Section 8.01.
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Eurocurrency Rate Committed Loan means a Committed Loan that bears interest at a rate based on the Eurocurrency Rate. Eurocurrency Rate
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