Eurodollar Rate Option definition

Eurodollar Rate Option as defined in Section 2.8(b). ----------------------
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Eurodollar Rate Option means one of the interest rates available to the Co-Borrowers as provided for and described in Section 2.03(i) of this Loan Agreement.
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Eurodollar Rate Option means the interest rate option described in item (ii) of Subsection 2.5(b) hereof.
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Examples of Eurodollar Rate Option in a sentence

  • Interest under the Eurodollar Rate Option shall accrue at a rate per annum (computed upon the basis of a year of 360 days and the actual number of days elapsed) for each day equal to the sum of (A) the Eurodollar Rate for each Interest Period plus (B) the Applicable Eurodollar Rate Margin as determined below.

  • The Revolving Credit Loans shall bear interest at either the Base Rate Option or the Eurodollar Rate Option.

  • At any time when the Borrower shall select, convert to or renew the Eurodollar Rate Option to apply to all or any Portion of the outstanding Revolving Credit Loans, it may fix one or more Interest Periods to apply to Eurodollar Rate Loans.

  • On the last day of each applicable Interest Period, unless the Borrower properly has exercised the Eurodollar Rate Option with respect thereto, the interest rate applicable to such Eurodollar Rate Loan automatically shall convert to the rate of interest then applicable to Domestic Rate Loans hereunder.

  • Interest based on the Eurodollar Rate Option will be fixed for periods of _ (each a "Eurodollar Interest Period").

  • The Reference Rate Option, the Eurodollar Rate Option, the unused line fee, and the standby and trade Letter of Credit fees shall be adjusted as to the Applicable Margin based on changes in the Interest Coverage Ratio.

  • The Cost of Funds Option shall be available only for Revolving Credit Loans in an aggregate amount at any one time outstanding, when combined with Revolving Credit Loans then bearing interest at the Eurodollar Rate Option and having a Eurodollar Interest Period of twelve (12) months, not in excess of TWENTY-FIVE MILLION DOLLARS ($25,000,000).

  • The Term Loans shall bear interest at either the Base Rate Option or the Eurodollar Rate Option.

  • Subject to the provisions of Section 2.22 of this Agreement, each ------------ Eurodollar Loan shall bear interest on the unpaid principal balance thereof at a rate per annum (computed on the basis of the actual number of days elapsed over a 360-day year) equal to the Libor Rate for the Interest Period in effect plus the Applicable Margin (the "Eurodollar Rate Option").

  • Elections of, conversions to or renewals of the Eurodollar Rate Option shall expire as to each Eurodollar Rate Loan at the expiration of the applicable Interest Period.


More Definitions of Eurodollar Rate Option

Eurodollar Rate Option the option of the Borrower to have Loans bear interest at the Eurodollar Rate and under the terms specified in Section 2.1(b) or Section 2.7, as applicable.
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Eurodollar Rate Option shall have the meaning set forth in Section 2.2(a) hereof.
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Eurodollar Rate Option means one of the interest rates available to the Borrowers as provided for and described in SECTION 2.05(i)(a)(2) and SECTION 2.05(i)(b)(2) of this Loan Agreement.
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Eurodollar Rate Option. Eurodollar Rate Loans under the Revolver may be made at the Eurodollar Lending Office in minimum principal amounts of USD 500,000.00 and in integral multiples of USD 100,000.00 for fixed Interest Periods selected by the Borrower and agreed to by the Bank. The principal amount of each Eurodollar Rate Loan shall be repaid on the last day of the Interest Period therefor with accrued interest. The interest rate per annum for each Eurodollar Rate Loan will be negotiated not later than two Business Days prior to the requested drawdown and will equal the Eurodollar Rate plus 0.25% per annum. Interest for any Interest Period longer than three months shall also be payable on the last day of each calendar quarter after such loan is made.
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Related to Eurodollar Rate Option

  • LIBOR Rate Option means the option of the Borrower to have Loans bear interest at the rate and under the terms set forth in Section 4.1.1(a)(ii) [Revolving Credit LIBOR Rate Option].

  • Base Rate Option means the option of the Borrower to have Loans bear interest at the rate and under the terms set forth in Section 4.1.1(a)(i) [Revolving Credit Base Rate Option].

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

  • Eurodollar Rate Committed Loan means a Committed Loan that bears interest at a rate based on clause (a) of the definition of “Eurodollar Rate.”

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

  • 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 Loans means Loans bearing interest at rates determined by reference to the Adjusted Eurodollar Rate as provided in subsection 2.2A.

  • 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:

  • Floating Rate Option has the meaning given to it in the ISDA Definitions;

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

  • Eurodollar Rate Margin means the margin over the Eurodollar Rate used in determining the rate of interest of Eurodollar Rate Loans pursuant to subsection 2.2A.

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

  • Rate Option means the Eurodollar Rate or the Floating Rate.

  • LIBO Rate Loan means a Loan bearing interest, at all times during an Interest Period applicable to such Loan, at a fixed rate of interest determined by reference to the LIBO Rate (Reserve Adjusted).

  • Eurodollar Rate with respect to each day during each Interest Period pertaining to a Eurodollar Loan, a rate per annum determined for such day in accordance with the following formula (rounded upward to the nearest 1/100th of 1%): Eurodollar Base Rate

  • LIBOR Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the LIBOR Rate.

  • LIBOR Rate Loans means the Loans bearing interest with reference to the LIBOR Rate.

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

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

  • 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.

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

  • Eurodollar Rate Loan means a Loan that bears interest at a rate based on the Eurodollar Rate.

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

  • Interest Rate Option means any LIBOR Rate Option or Base Rate Option.

  • Adjusted Eurodollar Rate means for any Interest Period with respect to any Eurodollar Loan, an interest rate per annum (rounded upwards, if necessary, to the next 1/100 of 1.00%) equal to (a) the Eurodollar Rate for such Interest Period multiplied by (b) the Statutory Reserves.