Examples of Eurodollar Option in a sentence
At no time may the number of outstanding Eurodollar Option Loans exceed eight (8).
Subject to Section 2.6(b) and Section 2.11, Eurodollar Option Loans may be prepaid prior to the due date thereof, upon not less than three (3) Business Days’ prior written notice to the Administrative Agent.
Concurrently with repaying each affected Eurodollar Option Loan of such Lender, notwithstanding anything contained in Article 2 or Article 3 hereof, EnergySolutions may borrow a Base Rate Option Loan from such Lender, and such Lender shall make such Base Rate Option Loan, if so requested, in an amount such that the outstanding principal amount held by such Lender shall equal the outstanding principal amount immediately prior to such repayment.
Extension for any reason, including termination of the Loan Agreement, whether pursuant to this Addendum or the occurrence of an Event of Default for any reason; (ii) any termination of a Interest Period in accordance with this Addendum; or (iii) any failure by Borrower, for any reason, to borrow any portion of a Eurodollar Option Extension, except illegality or impracticality as set forth in Section 11, below.
Each notice of an election to convert or continue a Credit Extension shall specify (a) the proposed conversion/continuation date; (b) the amount of the Credit Extension to be converted/continued; (c) the nature of the proposed conversion/continuation; and (d) in the case of a conversion to, or a continuation of a Eurodollar Option Extension, the requested Interest Period, and shall certify that no default is continuing under the Loan Agreement.
Eurodollar Option: The Eurodollar Option is the Eurodollar Rate plus an Applicable Margin.
Borrower agrees to indemnify Bank and to hold Bank harmless from, and to reimburse Bank on demand for, all losses and expenses which Bank sustains or incurs as a result of (i) any payment of a Eurodollar Option Extension prior to the last day of the Interest Period applicable to such Credit Confidential Information Redacted and Filed Separately with the Commission.
Interest on each Eurodollar Option Extension shall be computed on the basis of a 360-day year and shall be assessed for the actual number of days elapsed from the first day of the Eurodollar Period applicable thereto but not including the last day thereof.
A single Eurodollar Option may include any portion of the Revolving Loan, Incremental Revolving Loan or Incremental Term Loan designated by the Company in the notice referred to above.
Section 2.01 Commitments 27 Section 2.02 Making the Loans 27 Section 2.03 Repayment of Loans; Evidence of Debt 29 Section 2.04 Interest 29 Section 2.05 Reduction of Commitment; Prepayment of Loans 29 Section 2.06 Fees 31 Section 2.07 Eurodollar Option.