Multicurrency Loans definition

Multicurrency Loans as defined in subsection 2.12.

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

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

Examples of Multicurrency Loans in a sentence

• Each payment of a Pro-Rata Borrowing shall be applied ratably between the Dollar Loans and Multicurrency Loans included in such Pro-Rata Borrowing.

• 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).

• Any prepayment pursuant to this paragraph shall be applied, first, to Swingline Loans, second, to Multicurrency Loans, and third, as cover for Multicurrency LC Exposure.

• 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).

• 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 Pounds Sterling or Canadian Dollars 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).

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

Multicurrency Loans as defined in subsection 4.1.

Multicurrency Loans as defined in Section 2.4(c).

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.