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 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.
Examples of Eurocurrency Rate Option in a sentence
In the case of Eurocurrency Rate Loans denominated in Euros, a rate per annum (computed on the basis of a year of 360 days and actual days elapsed) equal to the Eurocurrency Rate for such Currency as determined for each applicable Interest Period plus the Applicable Margin for Revolving Credit Loans under the Eurocurrency Rate Option.
All prepayments required pursuant to this Section 5.7 to the Loans shall first be applied among the Interest Rate Options to the principal amount of the Loans subject to the Base Rate Option, then to other Loans denominated in Dollars, then to Loans subject to the Eurocurrency Rate Option, then to Loans subject to the Daily RFR Option denominated in an Optional Currency.
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 therate and under the terms specified in Section 4.1.1(ii)(c) [Revolving Credit Eurocurrency Rate Option]."
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 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.