Examples of Eurodollar Portions in a sentence
Without the consent of Required Lenders, Borrower may not make such election, and Administrative Agent and Lenders shall not be required to give effect to such election, during the continuance of a Default and Borrower may make such an election with respect to already existing Eurodollar Portions only if such election will take effect at or after the termination of the Eurodollar Interest Period applicable thereto.
All calculations under the Loan Documents of interest chargeable with respect to Eurodollar Portions and Competitive Bid Advances shall be made on the basis of actual days elapsed (including the first day but excluding the last) and a year of 360 days, subject, however, to the limitations set forth in Section 8.6 hereof.
In the event Eurodollar Portions are not available pursuant to Section 2.16, Borrower shall be deemed to have elected to convert such Eurodollar Portions into a Base Rate Portion, and if such conversion occurs prior to the expiration date of the applicable Interest Period, Borrower shall also pay all Funding Costs and other costs, expenses and losses in connection therewith pursuant to Sections 2.16 and 2.17.
Pursuant to the terms of the Credit Agreement, the undersigned Borrower hereby elects a Tranche of Eurodollar Portions in the aggregate amount of $ with an Interest Period beginning on and continuing for a period of .
Payments applied to the outstanding principal amount of the Loan shall be first applied to the Base Rate Portion of the Loan, and then to pay the Eurodollar Portions of the Loan being repaid in the order of such Loan Portion's maturity.
The Loans may consist of Floating Rate Portions or Eurodollar Portions, or a combination thereof, selected by the Borrower in accordance with Sections 2.7 and 2.8.
Pursuant to the terms of the Credit Agreement, the undersigned Borrower hereby elects a Tranche of Eurodollar Portions in the aggregate amount of $___________ with an Interest Period beginning on __________ and continuing for a period of ___________________.
In the event Eurodollar Portions are not available pursuant to Section 2.16, Borrower shall be deemed to have elected to convert such Eurodollar Portions into Base Rate Portions, and if such conversion occurs prior to the expiration date of the applicable Interest Period, Borrower shall also pay all Funding Costs and other costs, expenses and losses in connection therewith pursuant to Sections 2.16 and 2.17.
Lender shall not be required to give effect to such election during the continuance of an Event 11 of Default, and Borrower may make such an election with respect to already existing Eurodollar Portions only if such election will take effect at or after the termination of the Interest Period applicable thereto.
All indemnities and all provisions relative to reimbursement to the Banks of amounts sufficient to protect the yield to the Banks with respect to Eurodollar Portions, including, but not limited to, Sections 9.3 and 9.4 hereof, shall survive the termination of this Agreement and the payment of the Notes for a period of one year.