Eurocurrency Rate Option definition
Eurocurrency Rate Option means the option of the Borrowers to have Loans bear interest at the rate and under the terms specified in Section 2.3(a).
Eurocurrency Rate Option means the option of the Borrower to have Loans bear interest at the rate and under the terms set forth in Section 4.1.1(ii)(A) [Revolving Credit Term Rate Loan Option] or Section 4.1.3(ii) [Term Loan Eurocurrency Rate Option], as applicable.
Eurocurrency Rate Option means the option of the Borrowers to have Loans bear interest at the rate and under the terms specified in Section 2.06(b)(ii).
Examples of Eurocurrency Rate Option in a sentence
If the Borrower provides any Borrowing Request related to a Loan at the Eurocurrency Rate Option, Term SOFR Rate Option, or on and after the Term RFR Transition Date with respect to any Alternative Currency, the Term RFR Option for such Alternative Currency, but fails to identify an Interest Period therefor, such Borrowing Request shall be deemed to request an Interest Period of one (1) month.
More Definitions of Eurocurrency Rate Option
Eurocurrency Rate Option means the option of the Borrower to have Loans bear interest at the rate and under the terms specified in Section 2(iv) [Australian Dollar Loans].
Eurocurrency Rate Option means the option of the Borrower to have Loans bear interest at
Eurocurrency Rate Option means the option of the Borrower to have Loans bear interest at the rate and under the terms specified in Section 4.1.1(iv) [Revolving Credit Eurocurrency Rate Option]. Event of Default shall mean any of the events described in Section 9.1 [Events of Default]. Exchange Act shall mean the United States Exchange Act of 1934. Excluded Capital Stock shall have the meaning specified in the Guarantee and Collateral Agreement. Excluded Deposit Account shall mean (i) a deposit account that contains customer monies for remittance to taxing authorities to pay tax obligations of such customers and similar trust, escrow or deposit accounts for the benefit of persons other than the Borrower or any Subsidiary thereof so long as, in each case, such account is segregated from the concentration and operating accounts of the Borrower and its Subsidiaries and contains no funds of the Borrower or any Subsidiary thereof, (ii) any deposit account that is used solely for payment of taxes, payroll, bonuses, other compensation and related expenses, in each case, for employees or former employees, (iii) fiduciary or trust accounts, (iv) any deposit account so long as the amount deposited therein does not exceed $250,000 individually, or deposit accounts so long as the aggregate amount on deposit therein, together with all other accounts of the Loan Parties that are not subject to a deposit account control agreement in favor of the Administrative Agent, does not exceed $2,000,000 for all such accounts; provided, that if any time the aggregate amount on deposit in the other accounts of the Loan Parties that are not subject to a deposit account control agreement exceeds $250,000 individually, or $2,000,000 in the aggregate, the relevant Loan Parties shall promptly comply with Section 8.1.11 of the Agreement in respect of such deposit accounts as are sufficient to cause such threshold not to be exceeded upon the effectiveness of any deposit account control agreement(s) entered into pursuant to this proviso and (v) any zero-balance account that sweeps on a daily basis.
Eurocurrency Rate Option has the meaning specified therefor in Section 2.20(a) of this Agreement.
Eurocurrency Rate Option means the option of the Borrowers to have Loans bear interest at the rate and under the terms
Eurocurrency Rate Option means the option of the Borrower to have Loans bear interest at the rate and under the terms specified in Section 4.1(a)(i)(2) [Revolving Credit Eurocurrency Rate Option]. “Event of Default” means any of the events described in Section 10.1 [Events of Default].
Eurocurrency Rate Option means the option of the Borrowers to have Loans bear interest at the rate and under the terms specified in Section 2.08(a)(i)(B). “Eurocurrency Reserve Percentage” means, for any day during any Interest Period, the reserve percentage in effect on such day, whether or not applicable to any Lender, under regulations issued from time to time by the Board for determining the maximum reserve requirement (including any emergency, special, supplemental or other marginal reserve requirement) with respect to eurocurrency funding (currently referred to as “Eurocurrency liabilities” in Regulation D) or any other reserve ratio or analogous requirement of any central banking or financial regulatory authority imposed in respect of the maintenance of the Commitments or the funding of the Loans.