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 Borrower as provided for and described in Section 2.02(i)(a) of this Loan ------------------- Agreement. "Eurodollar Rate Taxes" shall have the meaning ascribed to such term in Section 2.06(vii)(a) 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.

  • The [Eurodollar Rate Option] [Base Rate Option] shall apply to the Revolving Credit Loans comprising the Borrowing.

  • 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 Loans, it may fix one or more Interest Periods to apply to Eurodollar Rate Loans.

  • 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 Prime 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 ratio set forth on Annex A hereto.

  • Notice of the Borrower's election of the Eurodollar Rate Option for a permitted portion of the Term Loan and an Interest Period pursuant to this Section shall be made by delivery to Term B Lender of a Eurodollar Rate notice received by Term B Lender on or before the Eurodollar Rate Deadline.

  • 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").


More Definitions of Eurodollar Rate Option

Eurodollar Rate Option means one of the interest rates available to ---------------------- the Borrower as provided for and described in Section 2.02(i)(a)(1) of this Loan --------------------- Agreement. "Eurodollar Rate Taxes" shall have the meaning ascribed to such term in --------------------- Section 2.06(vii)(a) 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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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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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 2.06(a)(ii).

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

  • Euro-Rate Option shall have the meaning set forth in Section 2.04(a)(ii) hereof.

  • 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 any Loans or portion thereof on which interest is payable based on the Adjusted Eurodollar Rate in accordance with the terms hereof.

  • Eurodollar Period means, as to each Eurodollar Rate Loan, the period commencing on the date specified by Borrower pursuant to Section 2.1(b) and ending 1, 2, 3 or 6 months (or, with the written consent of all of the Lenders, any other period) thereafter, as specified by Borrower in the applicable Request for Loan; 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.

  • Revolving Credit Base Rate Option A fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) equal to the Base Rate plus the Applicable Margin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate; or

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

  • Rate Option means the Eurocurrency Rate or the Floating Rate, as applicable.

  • 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%):

  • 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, for such Interest Period: