Foreign Currency Rate Loan definition

Foreign Currency Rate Loan means a Revolving Loan bearing interest at a rate based on the Foreign Currency Rate.
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Foreign Currency Rate Loan means a Revolving Loan denominated in a Foreign Currency.
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Foreign Currency Rate Loan means a Revolving (a)with respect to any Foreign Currency Rate Loan denominated in Euros, for any Interest Period, (i) (A) the per annum rate determined by the Administrative Agent to be the rate at which deposits in Euros appear on either (x) the Reuters Screen LIBOR 01-02 or (y) Bloomberg’s BBAM screen, in either case at approximately 11:00 a.m. (London time) on the date that is two Business Days preceding the first day of such Interest Period; provided that if such rate does not appear on the Reuters Screen LIBOR 01-02 and Bloomberg’s BBAM Screen, the rate shall be the per annum rate determined by the Administrative Agent to be equal to the arithmetic mean determined by Administrative Agent (rounded upwards to the next 1/16 of one percent (1.00%)) of the per annum rates at which deposits in Euros are offered by three major banks in the London interbank market to other lending banks in the London interbank market at approximately 11:00 a.m. (London time) on the date that is two Business Days preceding the first day of such Interest Period, multiplied by (B) the Statutory Reserve Rate, to the extent applicable; provided, further, that if the Administrative Agent elects to disclose to the Borrower any such rates at which deposits in Euros are offered by any of such three major banks in the London interbank market, then the Borrower shall maintain such rates and the identities of such major banks on a confidential basis and any such disclosure to the Borrower may be conditioned on the execution by the Borrower of a confidentiality agreement acceptable to Administrative Agent; or (ii) if such rate is not available at such time for any reason, the “Foreign Currency Rate” for such Interest Period shall be (A) the rate per annum determined by the Administrative Agent to be the rate at which deposits in Euros for delivery on the first day of such Interest Period in Same Day Funds in the approximate amount of the Revolving Loan are being made or continued by Administrative Agent to major banks in the London interbank market for Euros at approximately 11:00 a.m. (London time) two Business Days prior to the commencement of such Interest Period, multiplied by (B) the Statutory Reserve Rate, to the extent applicable;
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Examples of Foreign Currency Rate Loan in a sentence

  • In the event that any Lender is unable, for the reasons set forth above, to make, maintain or fund its portion of any Foreign Currency Rate Loan, such Lender shall fund such amount as an Alternate Base Rate Loan for the same period of time, and such amount shall be treated in all respects as an Alternate Base Rate Loan.

  • Prior to delivering a Notice of Revolving Borrowing, the Borrower may (without specifying whether a Revolving Loan will be a Base Rate Loan, a LIBOR Loan or a Foreign Currency Rate Loan) request that the Administrative Agent provide the Borrower with the most recent LIBOR or Foreign Currency Rate available to the Administrative Agent.

  • The Borrower shall give the Administrative Agent at least 1 Business Day prior written notice of the prepayment of any Loan that is a Base Rate Loan and at least 3 Business Days prior written notice of the prepayment of any Loan that is a LIBOR Rate Loan, Foreign Currency Rate Loan or Bid Rate Loan.

  • So long as no Event of Default exists, the Borrower may on any Business Day, with respect to any LIBOR Loan or Foreign Currency Rate Loan, elect to maintain such Loan or any portion thereof as a LIBOR Loan or Foreign Currency Rate Loan, as applicable, by selecting a new Interest Period for such Loan.

Related to Foreign Currency Rate Loan

  • Alternative Currency Daily Rate Loan means a Committed Loan that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency.

  • Alternative Currency Term Rate Loan means a Committed Loan that bears interest at a rate based on the definition of “Alternative Currency Term Rate.” All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency.

  • Foreign Currency Loan means any Loan denominated in a Foreign Currency.

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

  • Alternative Currency Loan means an Alternative Currency Daily Rate Loan or an Alternative Currency Term Rate Loan, as applicable.

  • CDOR Rate Loan means a Loan denominated in Canadian Dollars the rate of interest applicable to which is based on the CDOR Rate.

  • Index Rate Loan means a Loan or portion thereof bearing interest by reference to the Index Rate.

  • 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).

  • Overnight Foreign Currency Rate means, for any amount payable in a Foreign Currency, the rate of interest per annum as determined by the Administrative Agent at which overnight or weekend deposits in the relevant currency (or if such amount due remains unpaid for more than three (3) Business Days, then for such other period of time as the Administrative Agent may elect) for delivery in immediately available and freely transferable funds would be offered by the Administrative Agent to major banks in the interbank market upon request of such major banks for the relevant currency as determined above and in an amount comparable to the unpaid principal amount of the related Credit Event, plus any taxes, levies, imposts, duties, deductions, charges or withholdings imposed upon, or charged to, the Administrative Agent by any relevant correspondent bank in respect of such amount in such relevant currency.

  • Offshore Rate Loan means a Loan that bears interest based on the Offshore Rate.

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

  • Canadian Base Rate Loan means a Canadian Loan that bears interest at a rate per annum determined by reference to the Canadian Prime 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).

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

  • Alternate Currency Loan means any Loan denominated in an Alternate Currency.

  • Base Rate Loan means a Loan that bears interest based on the Base Rate.

  • Alternative Currency means each of Euro, Sterling, Yen and each other currency (other than Dollars) that is approved in accordance with Section 1.06.

  • Prime Rate Loan means a Loan that bears interest based on the Prime Rate.

  • Alternative Currency Daily Rate means, for any day, with respect to any Credit Extension:

  • Offshore Currency Loan means any Offshore Rate Loan denominated in an Offshore Currency.

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

  • Absolute Rate Loan means a Bid Loan that bears interest at a rate determined with reference to an Absolute Rate.

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

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • Balance Currency means the currency that the trading account is denominated in and all charges including spreads, commissions and swaps, are calculated in that currency.

  • Floating Rate Loan means a Loan which bears interest at the Floating Rate.