Eurodollar Borrowing definition

Eurodollar Borrowing means a Borrowing comprised of Eurodollar Loans.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Eurodollar Borrowing means a Borrowing comprised of Eurodollar Advances.

Eurodollar Borrowing means a borrowing hereunder consisting of the aggregate amount of the several Eurodollar Loans made by all or some of the Lenders to the Borrower, at the same time, at the same interest rate and for the same Interest Period.

Examples of Eurodollar Borrowing in a sentence

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

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

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

• Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing and the Administrative Agent, at the request of the Required Lenders, so notifies the Parent Borrower, then, so long as such Event of Default is continuing (i) no outstanding Borrowing may be converted to or continued as a Eurodollar Borrowing and (ii) unless repaid, each Eurodollar Borrowing shall be converted to an ABR Borrowing at the end of the Interest Period applicable thereto.

More Definitions of Eurodollar Borrowing

Eurodollar Borrowing means a Borrowing bearing interest at the sum of the Eurodollar Rate plus the Applicable Margin.

Eurodollar Borrowing means a Borrowing bearing interest at the sum of the Adjusted Eurodollar Rate plus the Applicable Margin for Eurodollar Borrowings.

Eurodollar Borrowing means a Loan or a Borrowing consisting of Loans bearing interest at a rate determined by reference to the Adjusted LIBO Rate.

Eurodollar Borrowing has the meaning assigned to such term in Section 1.02.

Eurodollar Borrowing or “Eurodollar Loan” means a Loan bearing interest based on the Eurodollar rate.

Eurodollar Borrowing a Borrowing of Eurodollar Loans.

Eurodollar Borrowing means any Borrowing hereunder which bears interest based on LIBOR.