Eurodollar Periods definition

Eurodollar Periods shall have the meaning set forth in the Note.
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Examples of Eurodollar Periods in a sentence

  • Upon receipt of such notice, Borrower may revoke any pending request for a borrowing of, conversion to or continuation of Eurodollar Rate Loans (to the extent of the affected Eurodollar Rate Loans or Eurodollar Periods) or, failing that, will be deemed to have converted such request into a request for a borrowing of Alternate Base Rate Loans in the amount specified therein.

  • No more than six (6) different Eurodollar Periods may be in effect at any one time provided that not more than one (1) Eurodollar Period may be a seven day Eurodollar Period.

  • However, and notwithstanding anything to the contrary contained herein, interest on Eurodollar Loans shall be payable on the last day of each Eurodollar Period and every third month for Eurodollar Periods longer than three months.

  • When a Eurodollar Rate Loan is selected for an Advance, such rate shall be fixed for the Eurodollar Period and shall apply for that Advance for successive Eurodollar Periods at the then prevailing successive rate until another Interest Rate option for that Advance is selected pursuant to Subsection 2.1(b) hereof.

  • When an Interest Rate based on a Eurodollar Rate is selected for an Incremental Term Loan, such Interest Rate shall be fixed for the Eurodollar Period and shall apply for that Incremental Term Loan for successive Eurodollar Periods at the then prevailing successive rate until the Prime Rate option is selected pursuant to Subsection 3.1(b) hereof.

  • When an Interest Rate based on a Eurodollar Rate is selected for the Equipment Loan, such Interest Rate shall be fixed for the Eurodollar Period and shall apply for that portion of the Equipment Loan for successive Eurodollar Periods at the then prevailing successive rate until the Prime Rate option is selected pursuant to Subsection 4.1(b) hereof.

  • When an Interest Rate based on a Eurodollar Rate is selected for an Advance, such rate shall be fixed for the Eurodollar Period and shall apply for that Advance for successive Eurodollar Periods at the then prevailing successive rate until another Interest Rate option for that Advance is selected pursuant to Subsection 2.1(b) hereof.

  • No more than five (5) Eurodollar Periods may be in effect at any one time.