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Eurodollar Rate Advances
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Eurodollar Rate Advances
. During such
periods
as such Advance is a
Eurodollar Rate Advance
, a
rate per annum
equal
at all times
during each
Interest Period
for such Advance to the
sum of
(x) the Eurodollar 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 Eurodollar Rate
Advance shall
be
Converted
or
paid in full
.
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Eurodollar Rate Advances
. If such
A Advance
is a
Eurodollar Rate Advance
, a
rate per annum
equal
at all times
during
the Interest Period
for such A Advance to the
sum of
the
Adjusted Eurodollar Rate
for such Interest Period
plus
the
Applicable Margin
, 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
the day
which occurs during such Interest
Period three
months from the
first day
of such Interest Period;
provided that
any
principal amount
of any Eurodollar Rate Advance 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 (A) during the Interest Period
applicable to
such Eurodollar Rate Advance, the
greater
of (x) 2% per annum above
the Base Rate
in effect
from time to time
and (y) 2% per annum above
the rate
per annum
required
to be paid on such amount
immediately
prior to the
date on which such amount became due and (B) after the
expiration of
such Interest Period, 2% per annum above the Base Rate in effect from time to time.
Sample 1
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Eurodollar Rate Advances
. If, due to either (i) the
introduction
of or
any change
(other than any change by
way
of
imposition
or increase of reserve
requirements included
in the
Eurodollar Rate Reserve Percentage
) in or in the
interpretation of
any
law or regulation
or (ii) the
compliance with
any
guideline
or
request
from any
central bank
or other
Governmental Authority
(whether or not
having
the
force of law
), there shall be any increase in
the cost
to any
Lender
of agreeing to make or
making
,
funding
, or
maintaining
Eurodollar Rate Advances, then
the Borrower shall
from time to time
,
upon demand
by such Lender (with
a copy of
such demand to
the Administrative Agent
),
immediately
pay to
the Administrative Agent for
the account
of such Lender
additional amounts
sufficient
to compensate
such Lender for such
increased cost
. A
certificate
as to the amount of such increased cost and
detailing
the
calculation of
such cost
submitted
to
the Borrower and the
Administrative Agent by such Lender shall be
conclusive and binding
for all
purposes
,
absent
manifest error
.
Sample 1
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Eurodollar Rate Advances
. If such Advance is a
Eurodollar Rate Advance
, interest
thereon
shall be
payable
on the last
day of
the
Interest Period applicable thereto
and on the
Termination Date
;
provided that
during the
continuance
of any
Event of Default
, such
Advance shall
bear
interest at a
rate per annum
equal
at all times
to 2% per annum above the
Applicable Rate
for such Advance for such Interest Period, or, if
higher
, the
Applicable Margin
plus
2.0% per annum above the Applicable Rate
in effect
from time to time
for
Base Rate Advances
.
Sample 1
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Eurodollar Rate Advances
. If such Advance is a
Eurodollar Rate Advance
, interest
thereon
shall be payable on the last
day of
such Interest Period and, if
the Interest Period
for such Advance has a
duration of
more than three months, on that day of each third
month
during such Interest Period that corresponds to the
first day
of such Interest Period (or, if any such month does not have a
corresponding day
, then on the last day of such month);
provided that
at any time
an Event of
Default shall
have
occurred
and be
continuing
, each Eurodollar Rate
Advance shall
bear
interest
payable on demand
, at a
rate per annum
equal
at all times
to the
Default Rate
.
Sample 1
Sample 2
Sample 3
See All (25)
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Eurodollar Rate Advances
. Each Eurodollar Rate
Advance shall
bear
interest during its Interest Period
equal to
at all times
the Eurodollar Rate for such Interest Period
plus
the
Applicable Margin
for Eurodollar Rate 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 Eurodollar Rate Advances on the last
day of
the Interest Period
therefor (and
in the case
of a Eurodollar Rate Advance with an Interest
Period of
more than three months’
duration
, on each day
prior to the
last day of such Interest Period that occurs at
intervals
of three months’ duration after the
first day
of such Interest Period), on
the date
any Eurodollar Rate Advance is
repaid
, and on the
Commitment Termination Date
.
Sample 1
Sample 2
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Eurodollar Rate Advances
. (a) Each
request by Borrower
for
a Borrowing
comprised of
Eurodollar Rate Advances shall be made
pursuant to a
Request for Borrowing
(or
telephonic
or other request for Borrowing
referred
to in the
second
sentence of
Section
2.1(b),
if applicable
)
received by
the Administrative Agent
, at the Administrative Agent’s
Office
, not later than 9:00 a.m.,
California time
, at least three (3)
Eurodollar Banking Days
before the first
day of
the applicable
Eurodollar Period
.
Sample 1
Sample 2
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Eurodollar Rate Advances
. During such
periods
as such Advance is a Eurodollar Rate Advance, at a
rate per annum
equal
at all times
during each
Interest Period
for such Advance to the
sum of
the Eurodollar Rate for such Interest Period
plus
the
Eurodollar Rate Margin
(
provided that
notwithstanding
the definitions of
Moody's Bond Rating and
S&P Bond Rating
,
in the case
of Eurodollar Rate Advances to
EPNGC
and its Subsidiaries
, whether before, on or after the
Ratings Change Date
, the Eurodollar Rate Margin shall be based on
the Moody
's Bond Rating and S&P Bond Rating of EPNGC, and, in the case of all
other Borrowers
, shall be based on the Moody's Bond Rating and S&P Bond Rating of
Holding
)
in effect
from time to time
,
payable
on the last
day of
each such Interest Period and, if any 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, and on
the date
such
Advance shall
be
Converted
or due (whether at
stated maturity
, by
acceleration
or otherwise).
Sample 1
Sample 2
Sample 3
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Eurodollar Rate Advances
. While an Advance is a
Eurodollar Rate Advance
, a
rate per annum
for each
Interest Accrual Period
for such Advance
equal to
the
sum of
LIBOR
for such Interest Accrual Period
plus
the
Facility Margin Level
.
Sample 1
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Sample 3
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Eurodollar Rate Advances
. If such
A Advance
is a
Eurodollar Rate Advance
, interest
thereon
shall be
payable
on the last
day of
the Interest Period
for such A Advance 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.
Sample 1
Sample 2
Sample 3
See All (5)
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