Examples of Eurodollar Ratable Advance in a sentence
Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Ratable Advance on a day other than a Payment Date shall be payable on the date of conversion.
Interest accrued on that portion of the outstanding principal amount of any ABR Advance converted into a Eurodollar Ratable Advance on a day other than a Payment Date shall be payable on the date of conversion.
The Borrower shall select the Rate Option and, in the case of each Eurodollar Ratable Advance, the Interest Period applicable thereto, from time to time.
The Borrower shall give the Administrative Agent irrevocable notice (a “Ratable Borrowing Notice”) not later than 11:00 a.m. (New York time), (x) on the Borrowing Date of each Floating Rate Advance and (y) at least three Business Days prior to the Borrowing Date of each Eurodollar Ratable Advance.
Each Eurodollar Ratable Advance shall bear interest on the outstanding principal amount thereof from and including the first day of the Interest Period applicable thereto to (but not including) the last day of such Interest Period at the interest rate applicable to such Eurodollar Ratable Advance.
Each applicable Borrower shall select the Type of Ratable Advance and, in the case of each Eurodollar Ratable Advance, the Interest Period applicable thereto from time to time.
The Administrative Agent will notify each Lender under the Revolving Credit Facility of the interest rate applicable to each Eurodollar Ratable Advance under the Revolving Credit Facility promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Rate.
Such a seniority system shall not operate to defeat nor prevent the application of the Ordinance; provided, however, that nothing in this Ordinance shall be interpretated as invalidating an otherwise lawful and bona fide seniority system which is used as selection or retention criterion with respect to any employment opportunity where the pool of applicants or candidates is exclusively composed of Gros Ventre and/or Assiniboine or non-Gros Ventre and/or non-Assiniboine.
Subject to the terms of Section 2.6, each Borrower may elect from time to time to convert all or any part of an ABR Advance made to such Borrower into a Eurodollar Ratable Advance.
The Borrower shall select the Type of each Ratable Advance and, in the case of each Eurodollar Ratable Advance, the Eurodollar Interest Period applicable to such Ratable Advance from time to time.