Eurocurrency Rate Loan definition

Eurocurrency Rate Loan means a Loan that bears interest at a rate based on clause (a) of the definition of “Eurocurrency Rate”.

Eurocurrency Rate Loan means a Loan that bears interest at a rate based on the Eurocurrency Rate. Eurocurrency Rate Loans may be denominated in Dollars or in an Alternative Currency. All Loans denominated in an Alternative Currency must be Eurocurrency Rate Loans.

Eurocurrency Rate Loan means a Loan that bears interest at a rate based on the Eurocurrency Rate.

Examples of Eurocurrency Rate Loan in a sentence

• If the applicable Borrower(s) fails to timely give the Administrative Agent the Rollover Notice with respect to any Eurocurrency Rate Loan, any Term SOFR Loan or any Term XXXXX Loan, such Borrower(s) shall be deemed to have elected to renew such Loan as a Eurocurrency Rate Loan, Term SOFR Loan or Term XXXXX Loan, as applicable, with an Interest Period of one (1) month commencing on the expiration of the preceding Interest Period.

• Notwithstanding anything to the contrary herein, a Swingline Loan may not be converted to a Eurocurrency Rate Loan.

• Any prepayment of a Term SOFR Loan or a Eurocurrency Rate Loan shall be accompanied by all accrued interest thereon, together with any additional amounts required pursuant to Section 3.05.

• Such Loan shall be: (i) a Eurocurrency Rate Loan, if the applicable Lender can consolidate such Loan with an existing Eurocurrency Rate Loan that is then subject to a Rollover; or (ii) a Reference Rate Loan.

• If such Borrower fails to specify an Interest Period with respect to a Term SOFR Loan or a Eurocurrency Rate Loan, it will be deemed to have specified an Interest Period of one month.

More Definitions of Eurocurrency Rate Loan

Eurocurrency Rate Loan means a Committed Loan that bears interest at a rate based on the Eurocurrency Rate. Eurocurrency Rate Loans may be denominated in Dollars or in an Alternative Currency. All Committed Loans denominated in an Alternative Currency must be Eurocurrency Rate Loans.

Eurocurrency Rate Loan means a Eurocurrency Rate Committed Loan or a Eurocurrency Margin Bid Loan.

Eurocurrency Rate Loan means a Loan that bears interest at a rate based on clause (a) of the definition of “Eurocurrency Rate.”

Eurocurrency Rate Loan means a Revolving Credit Loan or a Term Loan that bears interest at a rate based on clause (a) of the definition of “Eurocurrency Rate”. Eurocurrency Rate Loans that are Multicurrency Revolving Credit Loans may be denominated in Dollars or in an Alternative Currency. Eurocurrency Rate Loans that are Term Loans or USD Revolving Credit Loans shall be denominated in Dollars. All Loans denominated in an Alternative Currency must be Eurocurrency Rate Loans.

Eurocurrency Rate Loan means a Loan that bears interest at a rate based on any of clauses (i) through (vi) of the definition of “Eurocurrency Rate”. Eurocurrency Rate Loans may be denominated in Dollars or in an Alternative Currency. All Loans denominated in an Alternative Currency must be Eurocurrency Rate Loans.

Eurocurrency Rate Loan means a Loan that bears interest at a rate based on clause (a) of the definition of “Eurocurrency Rate”. Eurocurrency Rate Loans may be denominated in Dollars or in an Alternative Currency.

Eurocurrency Rate Loan means a Committed Loan under Tranche A or Tranche B that bears interest at a rate based on the Eurocurrency Rate. Eurocurrency Rate Loans may be denominated in US Dollars or in an Alternative Currency. All Committed Loans denominated in an Alternative Currency (other than Canadian Dollar Loans made under Tranche B) must be Eurocurrency Rate Loans.