Multicurrency Loans definition

Multicurrency Loans as defined in subsection 2.12.

Multicurrency Loans means, individually and collectively as the context may require, the Multicurrency Revolving Loans and the Multicurrency Protective Advances.

Multicurrency Loans has the meaning assigned to such term in Section 2.3.

Examples of Multicurrency Loans in a sentence

• All interest hereunder shall be computed on the basis of a year of 360 days, except that interest computed (i) by reference to the Alternate Base Rate at times when the Alternate Base Rate is based on the Prime Rate and (ii) on Multicurrency Loans denominated in Sterling shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day).

• For the avoidance of doubt, the Borrower may make a Borrowing under the Dollar Commitments or Multicurrency Commitments (if otherwise permitted hereunder) and may use the proceeds of such Borrowing (x) with Dollar Commitments to prepay the Multicurrency Loans (without making a ratable prepayment of the Dollar Loans) or (y) with Multicurrency Commitments to prepay the Dollar Loans (without making a ratable payment to the Multicurrency Loans).

• The Borrower hereby further agrees to pay interest on the unpaid principal amount of the Multicurrency Loans advanced to it and from time to time outstanding until payment thereof in full at the rates per annum, and on the dates, set forth in subsection 3.4.

• During the Commitment Period, the Borrower may use the Multicurrency Commitments by borrowing, repaying the Multicurrency Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof.

• The Borrower may request the Multicurrency Lenders to make Multicurrency Loans during the Commitment Period on any Business Day by delivering a Notice of Multicurrency Loan Borrowing.

More Definitions of Multicurrency Loans

Multicurrency Loans means, with respect to a Multicurrency Lender, such Lender’s Loans made pursuant to Section 2.1(a)(ii).

Multicurrency Loans. Revolving Credit Loans made in Available Foreign Currencies.

Multicurrency Loans as defined in Section 2.4(c).

Multicurrency Loans means, Euro Loans and any Swing Loans denominated in currencies other than U.S. Dollars.

Multicurrency Loans means Revolving Loans made in an Available Foreign Currency and bearing interest at the Foreign Currency Rate plus the Applicable Margin.

Multicurrency Loans means the Loans made by the Multicurrency Lenders to the Borrower pursuant to this Agreement denominated in Dollars and in Agreed Foreign Currencies.

Multicurrency Loans means, with respect to a Multicurrency Lender, such Lender's loan made pursuant to Section 2.5, including any Non-Pro Rata Multicurrency Loans made pursuant to Sections 2.5 and 2.6. Unless specifically stated otherwise herein, the provisions of this Agreement applicable to Multicurrency Loans shall apply equally to Pro Rata Multicurrency Loans and Non-Pro Rata Multicurrency Loans.