Examples of Overnight Eurocurrency Rate in a sentence
A Swing Line Advance denominated in Dollars shall be a Base Rate Advance, a Swing Line Advance denominated in Sterling shall be an Overnight Eurocurrency Rate Advance and a Swing Line Advance denominated in Euros shall be a Cost of Funds Advance.
During such periods as such Advance is an Overnight Eurocurrency Rate Advance, a rate per annum equal at all times to the sum of (A) the Overnight Eurocurrency Rate in effect from time to time plus (B) the Applicable Margin in effect from time to time with respect to such Advance, payable quarterly in arrears on the first Business Day following each Fiscal Quarter during such periods and upon repayment of such Advance.
A rate per annum equal to the sum of (x) the Applicable Margin plus (y) (A) in the case of a Swing Line Advance denominated in Dollars, the Base Rate in effect from time to time or (B) in the case of a Swing Line Advance denominated in Euro, the Overnight Eurocurrency Rate in effect from time to time, payable in arrears quarterly on the last day of each March, June, September and December and on the date such Swing Line Advance shall be paid in full.
Each Swing Line Loan (i) made to the Canadian Borrower shall be a Base Rate Loan if denominated in Dollars or a Canadian Prime Rate Loan if denominated in Canadian Dollars and (ii) made to a European Borrower shall be a Base Rate Loan if denominated in Dollars or an Overnight Eurocurrency Rate Loan if denominated in Euro or Sterling.
Each Swing Line Loan denominated in Euro or Sterling shall bear interest at the Overnight Eurocurrency Rate in effect from time to time plus the Applicable Margin applicable to Eurocurrency Advances then in effect or the Offered Rate.