Eurodollar Day definition

Eurodollar Day means a day (other than a Saturday or Sunday) on which banks generally are open in Wisconsin and/or New York for the conduct of substantially all of their commercial lending activities and on which dealings in United States dollars are carried on in the London interbank market.
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Eurodollar Day means any Business Day on which dealings in Dollar deposits are conducted by and among banks in the Eurodollar Market.
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Eurodollar Day means a day on which dealings are carried on in -------------- the London Interbank market in Dollars and on which banks are not authorized or required by law to close for business in New York City. "Eurodollar Interest Rate" -- see Section 3.1.2. ------------------------ ------- ----- "Eurodollar Loan" -- see definition below of "Loan." --------------- "Eurodollar Margin" -- see Section 3.1.8. ----------------- ------- ----- "Eurodollar Office" -- see Section 1.1.3. ----------------- ------- -----
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Examples of Eurodollar Day in a sentence

  • If any payment of principal of, or interest on, any Eurodollar Loan falls due on a day which is not a Eurodollar Day, then such due date shall be extended to the next Eurodollar Day, unless such Eurodollar Day falls in another calendar month, in which case the date for payment thereof shall be the preceding Eurodollar Day.

  • Whenever any payment of principal of, or interest on, any Loan or of any commitment fee shall be due on a day which is not a Business Day (or a Eurodollar Day in the case of a LIBOR Loan), the date for payment thereof shall be extended to the next succeeding Business Day or a Eurodollar Day as the case may be.

  • Whenever any payment of principal of, or interest on, any Loan or of any commit ment fee shall be due on a day which is not a Business Day or Eurodollar Day, as may be applicable, the date for payment thereof shall be extended to the next succeeding Business Day or Eurodollar Day, as the case may be.


More Definitions of Eurodollar Day

Eurodollar Day means a Business Day which is also a day for trading by and between banks in U.S. dollar deposits in the London interbank Eurodollar market." "1.41 'Eurodollar Reserve Requirement' means the then maximum effective rates per annum (expressed as a percentage), as determined solely by the Agent (which determination shall be final, conclusive and binding on all of the parties hereto, absent manifest error), of the reserve requirements imposed pursuant to Regulation D by the Board of Governors of the Federal Reserve System on $1,000,000 'Eurocurrency Liabilities' of the Agent, having a maturity equal to the term of the applicable LIBOR Interest Period." "1.42 'Interest Period' means and includes any LIBOR Interest Period and any period for which interest in respect of the Loans is calculated on the basis of the Base Rate and determined in accordance with this Amendment and Restatement." "1.43 'LIBOR' means, for each LIBOR Interest Period, a rate computed pursuant to the following formula and adjusted as of the date of any change in the Eurodollar Reserve Requirements: Interbank Eurodollar Index Rate X 100 100% - Eurodollar Reserve Requirement 'Interbank Eurodollar Index Rate' means the rate per annum (expressed as a percentage) at which leading banks, as determined by the Agent, are offered deposits in United States Dollars in the London interbank Eurodollar market as of 11:00 a.m., London time, on the day three (3) Eurodollar Days prior to the beginning of such LIBOR Interest Period; for delivery in immediately available funds on the first day of such LIBOR Interest Period, in an amount equal or comparable to the principal amount of the applicable LIBOR Loan to be outstanding and for a period equal to the term of such LIBOR Interest Period." "1.44 'LIBOR Loan' means any Loan during any period during which such Loan is bearing interest at a rate based upon LIBOR, as provided in Section 2.07(a)(4)(ii) or Section 2.07(b)(ii) of this Amendment and Restatement, as the case may be." "1.45 'LIBOR Interest Period' means, with respect to each LIBOR Loan, an Interest Period consisting of one (1) month, two (2) months, three (3) months or six (6) months, as designated by the Borrower in accordance with Section 2.07(a)(4) or Section 2.07(b) of this Amendment and Restatement, as the case may be." "1.46 'Notice of Conversion' shall have the meaning provided in Section 2.07(d) of this Amendment and Restatement." "1.47 'Type' means either a Base Rate Loan or a LIBOR Loan." "1...
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Eurodollar Day means a day (other than a Saturday or Sunday) on which banks generally are open in Arizona and/or New York for the conduct of substantially all of their commercial lending activities and on which dealings in United States dollars are carried on in the London interbank market.
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Related to Eurodollar Day

  • Eurodollar Rate Borrowing means a Borrowing comprised of Eurodollar Rate Loans.

  • Eurodollar Period means, as to each Eurodollar Rate Advance comprising part of the same Borrowing, the period commencing on the date specified by Borrower pursuant to Section 2.1(b) and ending 1, 2, 3 or 6 months (or, if available to all Lenders, 9 or 12 months) thereafter, as specified by Borrower in the applicable Request for Borrowing or Request for Continuation/Conversion provided that:

  • Eurodollar Business Day means any Business Day on which dealings are also carried on in the London interbank market and banks are open for business in London.

  • Eurocurrency Interest Period means with respect to any Eurocurrency Rate Borrowing, the period commencing on the date of such Borrowing and ending on the numerically corresponding day in the calendar month that is one, two, three or six months (or, to the extent agreed to by the Agent and each Lender making such Eurocurrency Rate Borrowing, twelve months or any shorter period) thereafter, as a Borrower may elect; provided that (a) if any Eurocurrency Interest Period would end on a day other than a Business Day, such Eurocurrency Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Eurocurrency Interest Period shall end on the next preceding Business Day, (b) any Eurocurrency Interest Period that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such Eurocurrency Interest Period) shall end on the last Business Day of the last calendar month of such Eurocurrency Interest Period and (c) no Eurocurrency Interest Period for any (i) Eurocurrency Rate Revolving Loan shall end after the latest Scheduled Termination Date for the applicable Revolving Commitments under the applicable Revolving Facility or (ii) Eurocurrency Rate Term Loans shall end after the stated maturity date of such Term Loans.

  • Eurodollar when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Adjusted LIBO Rate.

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • Eurodollar Base Rate has the meaning specified in the definition of Eurodollar Rate.

  • Eurodollar Borrowing means a Borrowing comprised of Eurodollar Loans.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Eurodollar Market means a regular established market located outside the United States of America by and among banks for the solicitation, offer and acceptance of Dollar deposits in such banks.

  • Eurodollar Interest Period means, for any Eurodollar-based Advance, an Interest Period of one, two or three months (or any shorter or longer periods agreed to in advance by the Borrower, Agent and the Lenders) as selected by Borrower, for such Eurodollar-based Advance pursuant to Section 2.3 or 4.4 hereof, as the case may be.

  • Eurocurrency Rate Advance means a Revolving Credit Advance denominated in Dollars or a Committed Currency that bears interest as provided in Section 2.07(a)(ii).

  • Eurodollar Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(ii).

  • LIBO Rate Advance means a Pro Rata Advance that bears interest as provided in Section 2.04(a)(ii).

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • Eurocurrency when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Adjusted LIBO Rate.

  • Eurocurrency Base Rate means, with respect to a Eurocurrency Rate Advance for the relevant Interest Period:

  • LIBO Rate Advances means a Competitive Bid Advance denominated in Dollars or in any Foreign Currency and bearing interest based on the LIBO Rate.

  • Eurocurrency Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Eurocurrency Borrowing means a Borrowing comprised of Eurocurrency Loans.

  • Eurodollar Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurodollar Rate.

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.

  • Eurodollar Loans Loans the rate of interest applicable to which is based upon the Eurodollar Rate.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Interest Period means the period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the first Interest Payment Date and each successive period beginning on (and including) an Interest Payment Date and ending on (but excluding) the next succeeding Interest Payment Date.

  • Eurodollar Disruption Event The occurrence of any of the following: (a) any Liquidity Bank shall have notified the Administrative Agent of a determination by such Liquidity Bank or any of its assignees or participants that it would be contrary to law or to the directive of any central bank or other governmental authority (whether or not having the force of law) to obtain Dollars in the London interbank market to fund any Advance, (b) any Liquidity Bank shall have notified the Administrative Agent of the inability, for any reason, of such Liquidity Bank or any of its assignees or participants to determine the Adjusted Eurodollar Rate, (c) any Liquidity Bank shall have notified the Administrative Agent of a determination by such Liquidity Bank or any of its assignees or participants that the rate at which deposits of Dollars are being offered to such Liquidity Bank or any of its assignees or participants in the London interbank market does not accurately reflect the cost to such Liquidity Bank, such assignee or such participant of making, funding or maintaining any Advance, (d) any Liquidity Bank shall have notified the Administrative Agent of the inability of such Liquidity Bank or any of its assignees or participants to obtain Dollars in the London interbank market to make, fund or maintain any Advance or (e) any Liquidity Bank shall have notified the Administrative Agent that the principal amount of Advances to be funded by it is less than $500,000.