Examples of Eurodollar Banking Day in a sentence
If any payment to be made by Borrowers or any other Party under any Loan Document shall come due on a day other than a Banking Day (and a Eurodollar Banking Day, in the case of a Eurodollar Loan), payment shall be made on the next succeeding Banking Day (and, in the case of a Eurodollar Loan, the next succeeding Eurodollar Banking Day that is also a Banking Day) and the extension of time shall be reflected in computing interest.
The Borrowers shall not later than 11:00 a.m., Columbus, Ohio time, one (1) Eurodollar Banking Day prior to the Effective Date of each Eurodollar Rate Portion give notice by telephone to the Lender as to whether or not they wish to elect to have such Eurodollar Rate Portion bear interest at the applicable Adjusted Eurodollar Term Rate commencing as of the applicable Effective Date.
The Borrowers shall not later than 11:00 a.m., Columbus, Ohio time one (1) Eurodollar Banking Day prior to the Borrowing Date, give notice by telephone confirmed in writing to the Lender whether they wish (i) to complete such borrowing in the form of a Eurodollar Rate Loan; (ii) to complete such borrowing as a Variable Rate Loan; or (iii) to cancel their request for a Revolving Credit Loan.
The Borrower shall, not later than 3:00 p.m., Columbus, Ohio time one (1) Eurodollar Banking Day prior to the Effective Date of each Eurodollar Rate Portion, give notice by telephone to the Lender as to whether or not the Borrower wishes to elect to have such Eurodollar Rate Portion bear interest at the applicable Adjusted Eurodollar Term Rate commencing as of the applicable Effective Date.
Whenever any payment to be made to the Bank hereunder or under the Note shall be stated to be due on a day which is not a Banking Day (or, in the case of any payment with respect to a Eurodollar Rate Advance, a Eurodollar Banking Day), such payment shall be made on the next succeeding Banking Day (or Eurodollar Banking Day), and interest payable on each such date shall include the amount thereof which shall accrue during the period of such extension of time.