Offshore Currency Loan definition

Offshore Currency Loan means any Offshore Rate Loan denominated in an Offshore Currency.
Offshore Currency Loan means any LIBOR Rate Loan denominated in an Offshore Currency.
Offshore Currency Loan means any Eurodollar Loan denominated in an Offshore Currency.

Examples of Offshore Currency Loan in a sentence

  • Each Fronted Offshore Currency Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the applicable Fronted Offshore Currency Rate.

  • The Dollar Equivalent amount of an Offshore Currency Loan will be determined by the Administrative Agent for such Offshore Currency Loan on the Determination Date therefor in accordance with Section 2.9(a).

  • Payment of principal of, interest on or any other amount relating to any Offshore Currency Loan shall be made in the Offshore Currency in which such Loan is denominated or payable.

  • Interest on Offshore Currency Loans shall be paid in the Offshore Currency of such Offshore Currency Loan.

  • If and to the extent specified by the Company in the notice to the Agent and the Co-Administrative Agent, some or all of the reduction in the Aggregate Commitment shall be applied to reduce the L/C Commitment and/or the Offshore Currency Loan Sublimit.


More Definitions of Offshore Currency Loan

Offshore Currency Loan means a Loan denominated in an Approved Offshore Currency that bears interest based on the Offshore Rate.
Offshore Currency Loan means an Offshore Rate Loan denominated in an Offshore Currency.
Offshore Currency Loan has the meaning set forth in Section 2.01(b).
Offshore Currency Loan means any Loan denominated in an Offshore Currency, bearing interest at the Bid-Option Rate and made pursuant to a Bid-Option Auction.
Offshore Currency Loan means any Revolving Loan denominated in an Offshore Currency.
Offshore Currency Loan means any Loan denominated in an Offshore Currency. “OFAC” has the meaning assigned to such term in Section 5.10. “Off-Balance Sheet Liability” of a Person means (a) any repurchase obligation or liability of such Person with respect to accounts or notes receivable sold by such Person, (b) any liability under any Sale and Leaseback Transaction other than Capital Lease Obligations, (c) any liability under any so-called “synthetic lease” arrangement or transaction entered into by such Person or (d) any obligation arising with respect to any other transaction which is the functional equivalent of or takes the place of borrowing but which does not constitute a liability on the balance sheets of such Person. “Original Credit Agreement” has the meaning assigned to such term in the Recitals. “Other Connection Taxes” means, with respect to any Recipient, Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Taxes (other than a connection arising from such Recipient having executed, delivered, enforced, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, or engaged in any other transaction pursuant to, or enforced, this Agreement, or sold or assigned an interest in this Agreement). “Other Taxes” means any present or future stamp, court, documentary, intangible, recording, filing or similar excise or property Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, or from the
Offshore Currency Loan means any Loan denominated in an Offshore Currency. “OFAC” has the meaning assigned to such term in S ection 5.10.