Eurodollar Term Loans definition

Eurodollar Term Loans. Term Loans for which the applicable rate of interest is based upon the Eurodollar Rate.

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Eurodollar Term Loans categories, respectively, set forth in such definition (without regard to the amount of Quarterly Average Excess Availability (as such term is defined in the Loan Agreement)) plus two (2%) percent per annum, at Payee's option, after notice to Debtor, for the period (A) from and after the effective date of termination of the Loan Agreement until Payee has received full and final payment of all outstanding and unpaid Obligations which are not contingent and cash collateral (or an acceptable letter of credit) in the amounts and on the term required under Section 12.1 of the Loan Agreement for contingent Obligations (notwithstanding entry of a judgment against Debtor) and (B) from and after the date of the occurrence of an Event of Default for so long as such Event of Default is continuing, (b) the term "Prime Rate" shall mean the rate from time to time publicly announced by First Union National Bank, or its successors, from time to time, as its prime rate, whether or not such announced rate is the best rate available at such bank, (c) the term "Event of Default" shall mean an Event of Default as such term is defined in the Loan Agreement, and (d) the term "Loan Agreement" shall mean the Amended and Restated Loan Agreement, dated August 27, 2001, by and among Payee, Debtor and RBX Corporation, as the same now exists or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced. Unless otherwise defined herein, all capitalized terms used herein shall have the meaning assigned thereto in the Loan Agreement.

Eurodollar Term Loans means Term Loans or portions thereof that bear interest at a rate or rates determined by reference to LIBOR.

Examples of Eurodollar Term Loans in a sentence

Any amounts remaining after each such application shall be applied to prepay Eurodollar Term Loans or Eurodollar Revolving Loans, as applicable.
Any conversion of Eurodollar Term Loans to ABR Term Loans required by the preceding sentence shall be subject to Section 2.16.
Any amounts remaining after each such application shall, at the option of the Borrower, be applied to prepay Eurodollar Term Loans or Eurodollar Revolving Loans, as the case may be, immediately and/or shall be deposited in the Prepayment Account (as defined below).
Any amounts remaining after each such application shall be applied to prepay Eurodollar Term Loans.
In the event any Lender shall exercise its rights under clause (i) or (ii) above, all payments and prepayments of principal that would otherwise have been applied to repay the Eurodollar Term Loans that would have been made by such Lender or the converted Eurodollar Term Loans of such Lender shall instead be applied to repay the ABR Term Loans made by such Lender in lieu of, or resulting from the conversion of, such Eurodollar Term Loans.
In the event any Lender shall exercise its rights under (i) or (ii) above, all payments and prepayments of principal that would otherwise have been applied to repay the Eurodollar Term Loans that would have been made by such Lender or the converted Eurodollar Term Loans of such Lender shall instead be applied to repay the ABR Term Loans made by such Lender in lieu of, or resulting from the conversion of, such Eurodollar Term Loans.
Such Lender shall withdraw such notice promptly following any date on which it becomes lawful for such Lender to make and maintain Eurodollar Term Loans or give effect to its obligations as contemplated hereby with respect to any Eurodollar Term Loan.
Any such notice of conversion to Eurodollar Revolving Credit Loans or Eurodollar Term Loans shall specify the length of the initial Interest Period or Interest Periods therefor.
Each Borrowing shall be comprised entirely of ABR Term Loans or Eurodollar Term Loans as the Borrower may request in accordance herewith.
Any amounts remaining after each such application shall be applied to prepay or redeem Eurodollar Term Loans or Eurodollar Revolving Loans, as applicable.

More Definitions of Eurodollar Term Loans

Eurodollar Term Loans means Term Loans or portions thereof which bear interest at the rate and in the manner set forth in Section 4.02.

Eurodollar Term Loans. Interest shall accrue on the principal amount of those Eurodollar Loans, which are Term Loans, outstanding at a rate per annum equal to two and one half percent (2.5%) above the Eurodollar Rate."

Eurodollar Term Loans means Eurodollar Term Loan A and Eurodollar Term --------------------- Loan B.