Examples of Eurodollar Rate Revolving Credit Loan in a sentence
The Borrowers may direct the Administrative Agent to apply the proceeds of a Eurodollar Rate Revolving Credit Loan to Secured Obligations as described in SECTIONS 2.2(A)(I)(B), (C), (D) and (E) and the Administrative Agent shall comply with such direction to the extent that proceeds of a Borrowing of Eurodollar Rate Revolving Credit Loans are available to be so applied and in such case, no duplicative Borrowing of Base Rate Revolving Credit Loans will be deemed to have been requested.
Upon request of the Borrowers' Representative, the Swingline Lender shall promptly notify the Borrowers' Representative and the Administrative Agent of the quoted rate of interest applicable on any Business Day to a proposed Swingline Loan (such rate of interest, a "Quoted Rate") and of the rate that would be applicable to a Eurodollar Rate Revolving Credit Loan made on the same day for an Interest Period of one month (the "Swingline Eurodollar Rate").
At any time after the Effective Date, the Borrower may request a Eurodollar Rate Loan under the Revolving Credit Facility by giving the Agent a Notice of Borrowing (which notice shall be irrevocable) not later than 11:30 a.m. on the date three Business Days before the day on which the requested Eurodollar Rate Revolving Credit Loan is to be made.
At any time after the Effective Date, and so long as no Default or Event of Default has occurred and is continuing, the Borrowers may request a Eurodollar Rate Revolving Credit Loan by giving the Administrative Agent a Notice of Borrowing (which notice shall be irrevocable) not later than 11:30 a.m. on the date three Business Days before the day on which the requested Eurodollar Rate Revolving Credit Loan is to be made.
Subject to the provisions of SECTION 4.1(C), the Borrowers will pay interest on the unpaid principal amount of each Eurodollar Rate Revolving Credit Loan for the applicable Interest Period at a rate per annum equal to the sum of (i) the Applicable Margin and (ii) the Eurodollar Rate, payable on the last day of such Interest Period and, if such Interest Period is longer than three months, at three-month intervals during such Interest Period.
Not later than 1:30 p.m. on the proposed Borrowing date, each Lender will make available to the Agent, for the account of the Borrower, at the Agent's Office in funds immediately available to the Agent, an amount equal to such Lender's Commitment Percentage of such Prime Rate Revolving Credit Loan or Eurodollar Rate Revolving Credit Loan, as the case may be.
Not later than 1:30 p.m. on the proposed Borrowing date, each Lender will make available to the Agent, for the account of the Borrowers, at the Agent's Office in funds immediately available to the Agent, an amount equal to such Lender's Commitment Percentage of such Prime Rate Revolving Credit Loan or Eurodollar Rate Revolving Credit Loan, as the case may be.
The Borrower may elect a subsequent Interest Period to be applicable to any Eurodollar Rate Revolving Credit Loan by giving a Notice of Conversion or Continuation with respect to such Loan in accordance with SECTION 4.14.
Not later than 1:30 p.m. on the proposed borrowing date, each Lender will make available to the Agent, for the account of the Borrower, at the Agent's Office in funds immediately available to the Agent, such Lender's Base Rate Revolving Credit Loan or Eurodollar Rate Revolving Credit Loan, as the case may be, in an amount equal to such Lender's Commitment Percentage of the Borrowing to be made on such date.
Not later than 2:30 p.m. on the proposed Borrowing date, each Lender will make available to the Agent, for the account of the Borrowers, at the Agent's Office in funds immediately available to the Agent, such Lender's Proportionate Share of the Base Rate Revolving Credit Loan or Eurodollar Rate Revolving Credit Loan, as the case may be.