Multicurrency Advance definition

Multicurrency Advance means a borrowing hereunder (or continuation or a conversion thereof) consisting of the several Multicurrency Loans made on the same Borrowing Date (or date of conversion or continuation) by the Lenders to a Borrower of the same Type and for the same Interest Period.

Multicurrency Advance means an Advance denominated in Dollars or an Agreed Foreign Currency.

Multicurrency Advance means a borrowing hereunder (or continuation or a conversion thereof) consisting of the several Multicurrency Loans made on the same Borrowing Date (or date of conversion or continuation) by the Lenders to a Borrower of the same Type, in the same Available Foreign Currency and for the same Interest Period.

Examples of Multicurrency Advance in a sentence

• Each Multicurrency Advance shall consist of Multicurrency Loans made by each Multicurrency Lender ratably in proportion to such Multicurrency Lender’s respective Available Multicurrency Commitment divided by the aggregate Available Multicurrency Commitments of all Multicurrency Lenders at such time.

• Each Multicurrency Advance (which excludes Alternate Currency Loans) hereunder shall consist of Multicurrency Loans made from the several Multicurrency Lenders ratably in proportion to such Multicurrency Lenders’ respective Available Multicurrency Commitment divided by the aggregate Available Multicurrency Commitments of all Multicurrency Lenders at such time, and each Dollar Advance hereunder shall consist of Dollar Loans made from the Lenders ratably according to their Dollar Commitment Percentage.

• The failure to record the date, amount, Interest Period or interest rate with respect to any Multicurrency Advance of this schedule shall not, however, limit or otherwise affect the obligations of Borrower under this Note to repay the principal amount of the Multicurrency Advances together with all interest accruing thereon.

• Some of our participants even resisted the idea of a publication.

• Subject to the terms and conditions hereof from time to time prior to the Termination Date, Borrowers may individually or jointly borrow, repay and reborrow and the Bank agrees to lend, Multicurrency Advances in one or more Designated Currencies but not exceeding in the aggregate principal amount outstanding as of the respective date each Multicurrency Advance is made hereunder the equivalent of U.S. $10,000,000.

• Each Multicurrency Advance shall be made upon telephonic notice from an Authorized Guarantor officer actually received by the Bank prior to 9:00 a.m., Chicago time, at least two (2) Banking Days prior to such requested Multicurrency Advance.

• Each notice shall be promptly confirmed in a writing or by facsimile signed by an Authorized Officer substantially in the form of Exhibit III hereto; it being understood that a Borrower's failure to so confirm any request for a Multicurrency Advance or otherwise comply with the provisions of this Section 2.2 shall not affect the obligation of the Borrowers to repay each Multicurrency Advance in accordance with the terms of this Note.

• Other than Alternate Currency Loans, each Multicurrency Advance hereunder shall consist of Multicurrency Loans made from the several Multicurrency Lenders ratably in proportion to such Multicurrency Lenders' respective Available Multicurrency Commitment divided by the aggregate Available Multicurrency Commitments of all Multicurrency Lenders at such time, and each Dollar Advance hereunder shall consist of Dollar Loans made from the Lenders ratably according to their Dollar Commitment Percentage.

• The guidelines incorporate many of the procedures recommended and/or required by the National Panhellenic Conference (NPC).

• The last day of the Interest Period (or, if continued, the final Interest Period) with respect to such Multicurrency Advance is herein called the "Payment Date" for such Multicurrency Advance.

More Definitions of Multicurrency Advance

Multicurrency Advance means an Advance denominated in Dollars or an Agreed Foreign Currency made to the Borrower under this Agreement pursuant to Section 2.01(c).

Multicurrency Advance means an advance in a Designated Currency by Bank to a Borrower under this Note, each of which shall bear interest at a rate determined with reference to the Interbank Rate.

Multicurrency Advance has the meaning specified in Section 2.01(d).

Multicurrency Advance means an Advance made or outstanding as Multicurrency Syndicated Loans bearing interest based on the Adjusted LIBO Rate or Adjusted Special LIBO Rate as provided in Section 3.03(a)(iii).