Alternative Currency Loan Sample Clauses

Alternative Currency Loan. If any Event of Default has occurred and is continuing, if the Banks so determine in their sole discretion, the Borrower shall be deemed to have requested a Borrowing of Eurocurrency Loans denominated in the Alternative Currency with an Interest Period of one month in an amount sufficient to repay in full all the loans and other obligations owing under the Canadian Credit Agreement (whether or not then due and payable). Such Borrowing shall be disbursed to Bank of Montreal in repayment of such loans and obligations without regard to the conditions precedent hereunder to making any such Borrowing and any requirement of this Agreement that each Borrowing of Eurocurrency Loans denominated in the Alternative Currency be in a minimum amount. Nothing herein contained shall in any way impair or otherwise affect the obligations of Bxxx Canada or any guarantor on such loans and obligations to the extent the same are not so repaid. The Banks shall be under no obligation whatsoever to make such Borrowing, the decision to do so being wholly within their discretion.
Sample 1
Alternative Currency Loan. An Alternative Currency Daily Rate Loan or an Alternative Currency Term Rate Loan, as applicable. DB3/ 204224713.6 3 Alternative Currency Sublimit. An amount equal to $600,000,000. The Alternative Currency Sublimit is part of, and not in addition to, the Total Commitments. Alternative Currency Term Rate. For any Interest Period, with respect to any Credit Extension:
Sample 1
Alternative Currency Loan. Any Loan denominated in an Alternative Currency bearing interest calculated by reference to the Eurocurrency Rate.
Sample 1
Alternative Currency Loan. A Revolving Credit Loan that is made in an Alternative Currency as requested in the applicable Loan Request. Applicable Capitalization Rate. For assets which are used primarily for office or for industrial purposes, seven and one-half percent (7.5%), and for assets which are used primarily for retail purposes, seven and three-quarters percent (7.75%).
Sample 1

Related to Alternative Currency Loan

  • Alternative Currencies In the case of a Credit Extension to be denominated in an Alternative Currency, there shall not have occurred any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which in the reasonable opinion of the Administrative Agent, the Required Revolving Credit Lenders (in the case of any Loans to be denominated in an Alternative Currency) or the L/C Issuer (in the case of any Letter of Credit to be denominated in an Alternative Currency) would make it impracticable for such Credit Extension to be denominated in the relevant Alternative Currency.

  • Eurocurrency Loans The Loans constituting each Eurocurrency Borrowing shall bear interest at a rate per annum equal to the Adjusted LIBO Rate for the related Interest Period for such Borrowing plus the Applicable Margin.

  • Additional Alternative Currencies (a) The Borrower may from time to time request that Eurocurrency Rate Loans be made and/or Letters of Credit be issued in a currency other than those specifically listed in the definition of “Alternative Currency;” provided that such requested currency is a lawful currency (other than Dollars) that is readily available and freely transferable and convertible into Dollars. In the case of any such request with respect to the making of Eurocurrency Rate Loans, such request shall be subject to the approval of the Administrative Agent and the Lenders; and in the case of any such request with respect to the issuance of Letters of Credit, such request shall be subject to the approval of the Administrative Agent and the L/C Issuer.

  • Revolving Loan The Borrower shall repay to the Lenders in full on the date specified in clause (a) of the definition of “Revolving Termination Date” the aggregate principal amount of the Revolving Loans and Swing Loans outstanding on the Revolving Termination Date.

  • Base Rate Loans During such periods as Revolving Loans shall be comprised in whole or in part of Base Rate Loans, such Base Rate Loans shall bear interest at a per annum rate equal to the Adjusted Base Rate.

  • Prime Rate Loans During such periods as Revolving Loans shall be comprised of Prime Rate Loans, each such Prime Rate Loan shall bear interest at a per annum rate equal to the sum of the Prime Rate;

  • Eurocurrency Rate Advances During such periods as such Advance is a Eurocurrency Rate Advance, a rate per annum equal at all times during each Interest Period for such Advance to the sum of (x) the Eurocurrency Rate for such Interest Period for such Advance plus (y) the Applicable Margin in effect from time to time, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest Period and on the date such Eurocurrency Rate Advance shall be Converted or paid in full.

  • ABR Loans The Loans comprising each ABR Borrowing shall bear interest at the Alternate Base Rate plus the Applicable Margin, but in no event to exceed the Highest Lawful Rate.

  • Revolving Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of all Revolving Loans outstanding on such date.

  • Borrowing Upon receipt of Proper Instructions, the Custodian shall deliver securities of a Portfolio to lenders or their agents, or otherwise establish a segregated account as agreed to by the applicable Fund on behalf of such Portfolio and the Custodian, as collateral for borrowings effected by such Portfolio, provided that such borrowed money is payable by the lender (a) to or upon the Custodian's order, as Custodian for such Portfolio, and (b) concurrently with delivery of such securities.

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