Eurocurrency Advances. Each Eurocurrency Advance shall bear interest during its Interest Period equal to at all times the Eurocurrency Rate for such Interest Period plus the Applicable Margin for Eurocurrency Advances for such period; provided that while an Event of Default is continuing, each Eurocurrency Advance shall bear interest at the Eurocurrency Rate in effect from time to time plus the Applicable Margin plus 2%. The Canadian Borrower shall pay to the Canadian Administrative Agent for the ratable benefit of each Canadian Lender all accrued but unpaid interest on each of such Canadian Lender’s Eurocurrency Advances on the last day of the Interest Period therefor (provided that for Eurocurrency Advances with six month Interest Periods, accrued but unpaid interest shall also be due on the day three months from the first day of such Interest Period), on the date any Eurocurrency Advance is repaid in full, and on the Revolving Maturity Date. The US Borrower shall pay to the US Administrative Agent for the ratable benefit of each US Lender all accrued but unpaid interest on each of such US Lender’s Eurocurrency Advances on the last day of the Interest Period therefor (provided that for Eurocurrency Advances with six month Interest Periods, accrued but unpaid interest shall also be due on the day three months from the first day of such Interest Period), on the date any Eurocurrency Advance is repaid in full, and on the Revolving Maturity Date or the Term B Maturity Date, as applicable.
Eurocurrency Advances. If such Committed Advance is a Eurocurrency Advance, a rate per annum equal at all times during the Interest Period for such Committed Advance to the sum of the Eurocurrency Rate for such Interest Period plus the Applicable Eurocurrency Margin, payable on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day which occurs during such Interest Period every three months from the first day of such Interest Period; provided that any amount of principal which is not paid when due (whether at stated maturity, by acceleration or otherwise) shall bear interest, from the date on which such amount is due until such amount is paid in full, payable on demand, at a rate per annum equal at all times to 2% per annum above (x) if the originally scheduled Interest Period shall then be in effect, the sum of the Eurocurrency Rate plus the Applicable Eurocurrency Margin then in effect with respect to such A Advance, and (y) in all other cases, the Base Rate in effect from time to time. “Applicable Eurocurrency Margin” means, in respect of any Eurocurrency Advance (unless such Eurocurrency Advance is a Local Currency Advance and the applicable Local Currency Addendum specifies a different Applicable Margin or Margins), a rate per annum determined as of the first day of the Interest Period for such Eurocurrency Advance in reference to the rates under the column “Applicable Eurocurrency Margin” set forth below on the basis of the Credit Ratings at such time; provided, however, that for any period during any such Interest Period when the outstanding Revolving Credit Obligations exceed 50% of the Total Commitment, the “Applicable Eurocurrency Margin” shall be a rate per annum determined as of the first day of such Interest Period in reference to the rates under the column “Applicable Eurocurrency Margin: >50% Usage” set forth below on the basis of the Credit Ratings at such time. Credit Rating Applicable Eurocurrency Margin (Rate per Annum) Applicable Eurocurrency Margin: >50% Usage (Rate per Annum) A+ or better (S&P) or A1 or better (Xxxxx’x) 0.09 % 0.215 % Below A+ (S&P) and A1 (Xxxxx’x) but A (S&P) or A2 (Xxxxx’x) 0.130 % 0.255 % Credit Rating Applicable Eurocurrency Margin (Rate per Annum) Applicable Eurocurrency Margin: >50% Usage (Rate per Annum) Below A (S&P) and A2(Xxxxx’x) but A- (S&P) or A3 (Xxxxx’x) 0.170 % 0.295 % Below A- (S&P) and A3 (Xxxxx’x) but BB+ (S&P) or Baa1 (Xxxxx’x) 0.285 % 0.410 % Below BBB+ (...
Eurocurrency Advances. If any Change in Law shall:
Eurocurrency Advances. Any Eurocurrency Advances may be continued as such upon the expiration of the then current Interest Period with respect thereto by the relevant Borrower giving the Administrative Agent at least three Business Days’ prior irrevocable notice (which notice must be received by the Administrative Agent prior to 10:00 a.m., Eastern Standard Time, in the case of continuations by the Company or the Canadian Borrower and prior to 10:00 a.m., London time, in the case of continuations by any other Borrower) of such election and specifying the duration of the Interest Period applicable thereto, provided, that if the relevant Borrower shall fail to give such notice, such Eurocurrency Advance shall be automatically continued for an Interest Period of one month provided that such continuation would not extend the Interest Period beyond the Facility Termination Date.
Eurocurrency Advances. If such Committed Advance is a Eurocurrency Advance, a rate per annum equal at all times during the Interest Period for such Committed Advance to the sum of the Eurocurrency Rate
Eurocurrency Advances. Each Eurocurrency Advance shall bear interest during its Interest Period equal to at all times the Eurocurrency Rate for such Interest Period plus the Applicable Margin for Eurocurrency Advances for such period. The Borrower shall pay to the Administrative Agent for the ratable account of each Lender all accrued but unpaid interest on each of such Lender’s Eurocurrency Advances on the last day of the Interest Period therefor (provided that for Eurocurrency Advances with Interest Periods of six months or longer, accrued but unpaid interest shall also be due every three months from the first day of such Interest Period), on the date any Eurocurrency Advance is repaid, and on the Revolving Maturity Date or the Term Maturity Date, as applicable.
Eurocurrency Advances. If such Advance is a Eurocurrency Advance, a rate per annum equal at all times during the Interest Period for such Advance to the sum of (x) the Eurocurrency Rate for such Interest Period and (y) the Applicable Eurocurrency Rate 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, then on each day which occurs during such Interest Period every three months from the first day of such Interest Period.
Eurocurrency Advances. Any Eurocurrency Advances may be continued as such upon the expiration of the then current Interest Period with respect thereto by the relevant Borrower giving the Agent at least three Business Days' prior irrevocable notice (WHICH NOTICE MUST BE RECEIVED BY THE AGENT PRIOR TO 10:00 A.M., EASTERN STANDARD TIME, IN THE CASE OF CONTINUATIONS BY THE COMPANY AND PRIOR TO 10:00 A.M., LONDON TIME, IN THE CASE OF CONTINUATIONS BY ANY OTHER BORROWER) of such election and specifying the duration of the Interest Period applicable thereto, provided, that if the relevant Borrower shall fail to give such notice, such Eurocurrency Advance shall be automatically continued for an Interest Period of one month provided that such continuation would not extend the Interest Period beyond the Facility Termination Date.
Eurocurrency Advances. Revolving Credit Loans, Multicurrency ------------ -------- Loans, and all or any portion of the Term Loan bearing interest calculated by reference to the Eurocurrency Rate. Eurocurrency Business Day. Any Business Day on which dealings in ------------ -------- --- foreign currency and exchange are carried on among banks in Boston, Massachusetts, Nassau, The Bahamas, Paris, France and London, England.
Eurocurrency Advances. The Advances constituting each Eurocurrency Borrowing shall bear interest at a rate per annum equal to the Adjusted LIBO Rate for the Interest Period for such Borrowing plus the Applicable Margin.
