Offshore Currency Loans Sample Clauses

Offshore Currency Loans. 29 (e) Banking Days..................................... 29 (f) Payments to the Agent............................ 29 (g) Payments by the Agent to the Banks............... 29 (h) Payments by the Agent Generally.................. 29 (i)
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Offshore Currency Loans. Any Offshore Currency Loan in the ----------------------- currency of a participating member state shall be made in the euro unit.
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Offshore Currency Loans. 20 (a) The Bid-Option ........................................... 20 (b) Bid-Option Quote Request ................................. 20 (c) Invitation for Bid-Option Quotes ......................... 21 (d) Submission and Contents of Bid-Option Quotes ............. 21 (e) Notice to Borrower ....................................... 22 (f) Acceptance and Notice by Borrower ........................ 22 (g)
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Offshore Currency Loans. (a) THE BID-OPTION. From the Closing Date to but excluding the Facility Termination Date, an Authorized Officer may, as set forth in this SECTION 2.7, request Lenders to make offers to make Offshore Currency Loans to Borrower in an Offshore Currency for a LIBOR Interest Period. Each Lender may, but shall have no obligation to, make such offers and Borrower may, but shall have no obligation to, accept any such offers, in the manners set forth in this SECTION 2.7; furthermore, each Lender may limit the aggregate amount of Offshore Currency Loans when quoting rates for more than one LIBOR Interest Period in any Bid-Option Quote, provided that such limitation shall not be less than the minimum amounts required hereunder for Offshore Currency Loans and Borrower may choose among the Offshore Currency Loans if such limitation is imposed.
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Offshore Currency Loans. The Agent will promptly notify the applicable Borrower of any such redenomination and conversion request.
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Offshore Currency Loans. (a) DOLLAR EQUIVALENT AMOUNT Agent will determine the Dollar Equivalent amount with respect to any (i) borrowing comprised of Offshore Currency Loans as of the requested date of such borrowing, (ii) outstanding Offshore Currency Loans as of the last Banking Day of each month, and (iii) outstanding Offshore Currency Loans as of any redenomination date pursuant to Section 2.8(f) or this Section 2.16 (each such date under clauses (i) through (iii) a "Computation Date").
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Offshore Currency Loans. Offshore Currency Funding Lender hereby agrees, subject to the limitations set forth below with respect to the maximum Dollar Equivalent amount of Offshore Currency Loans permitted to be outstanding from time to time, to make a portion of the Revolving Loan Commitments available to Company from time to time during the period from the Closing Date to but excluding the Revolving Loan Commitment Termination Date by making Offshore Currency Loans to Company in an aggregate amount not exceeding the Dollar Equivalent amount of the Offshore Currency Loan Commitment to be used for the purposes identified in subsection 2.5B, notwithstanding the fact that such Offshore Currency Loans, when aggregated with Offshore Currency Funding Lender's outstanding Revolving Loans and Swing Line Loans and Offshore Currency Funding Lender's Pro Rata Share of the Letter of Credit Usage then in effect, may exceed Offshore Currency Funding Lender's Revolving Loan Commitment. The original Dollar Equivalent amount of the Offshore Currency Loan Commitment is $7,500,000; PROVIDED that any reduction of the Revolving Loan Commitments made pursuant to subsection 2.4B(ii) or 2.4B(iii) which reduces the aggregate Revolving Loan Commitments to an amount less than the then current amount of the Offshore Currency Loan Commitment shall result in an automatic corresponding reduction of the Offshore Currency Loan Commitment to the amount of the Revolving Loan Commitments, as so reduced, without any further action on the part of Company, Administrative Agent or Offshore Currency Funding Lender. The Offshore Currency Loan Commitment shall expire on the Revolving Loan Commitment Termination Date and all Offshore Currency Loans and all other amounts owed hereunder with respect to the Offshore Currency Loans shall be paid in full no later than that date; PROVIDED that the Offshore Currency Loan Commitment shall expire immediately and without further action on June 30, 1997 if the Term Loans and the initial Revolving Loans are not made on or before that date. Amounts borrowed under this subsection 2.1A(iv) may be repaid and reborrowed to but excluding the Revolving Loan Commitment Termination Date. Anything contained in this Agreement to the contrary notwithstanding, the Offshore Currency Loans and the Offshore Currency Loan Commitment shall be subject to the following limitations:
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Related to Offshore Currency Loans

  • Alternative Currency In the case of a Credit Extension to be denominated in an Alternative Currency, such currency remains an Eligible 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.

  • 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.

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

  • 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.

  • 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.

  • Revolving Loan Borrowings (i) Each Borrowing of Revolving Loans shall be made on notice given by a Borrower to the Revolving and LC Administrative Agent not later than 11:00 a.m. (New York time) (A) on the Business Day of the proposed Borrowing, in the case of a Borrowing of Base Rate Loans and (B) three Business Days prior to the date of the proposed Borrowing, in the case of a Borrowing of Eurodollar Rate Loans. Each such notice shall be in substantially the form of Exhibit C-2 (a “Notice of Revolving Borrowing”) (or shall be made by telephone and the same information shall be confirmed promptly thereafter in writing), specifying (1) the date of such proposed Borrowing, (2) the aggregate amount of such proposed Borrowing, (3) whether any portion of the proposed Borrowing will be of Base Rate Loans or Eurodollar Rate Loans, (4) the initial Interest Period or Interest Periods for any such Eurodollar Rate Loans, and (5) remittance instructions. The Revolving Loans shall be made as Base Rate Loans unless, subject to Section 2.17, the Notice of Revolving Borrowing specifies that all or a portion thereof shall be Eurodollar Rate Loans. Each Borrowing of Revolving Loans shall be in an aggregate amount that is an integral multiple of $1,000,000.00 (or $500,000.00 with respect to Swing Loans) and shall be allocated ratably in accordance with each Revolving Lender’s Revolving Commitment.

  • Revolving Borrowings Subject to the terms and conditions set forth herein, each Revolving Lender severally agrees to make loans (each such loan, a “Revolving Loan”) to the Borrower, in Dollars, from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to any Revolving Borrowing, (i) the Total Revolving Outstandings shall not exceed the Revolving Facility, and (ii) the Revolving Exposure of any Lender shall not exceed such Revolving Lender’s Revolving Commitment. Within the limits of each Revolving Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow Revolving Loans, prepay under Section 2.05, and reborrow under this Section 2.01(b). Revolving Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein; provided, however, any Revolving Borrowings made on the Closing Date or any of the three (3) Business Days following the Closing Date shall be made as Base Rate Loans unless the Borrower delivers a Funding Indemnity Letter not less than three (3) Business Days prior to the date of such Revolving Borrowing.

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