Examples of Alternative Currency Daily Rate Loan in a sentence
Each Alternative Currency Daily Rate Loan and Alternative Currency Term Rate Loan shall be denominated in an Alternative Currency.
Subject to the provisions of the Credit Agreement with respect to default interest, each Alternative Currency Daily Rate Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Alternative Currency Daily Rate plus the Applicable Rate.
As to any Base Rate Loan, LIBOR Floating Rate Loan and Alternative Currency Daily Rate Loan, the last day of any calendar month in which such Loan is outstanding and the Maturity Date of the Facility under which such Loan was made.
Each Alternative Currency Daily Rate Loan shall bear interest on the outstanding principal amount thereof from the applicable Borrowing Date at a rate per annum equal to the applicable Alternative Currency Daily Rate plus the Applicable Daily Rate Margin.
Notwithstanding anything herein, an Alternative Currency Loan which is an Alternative Currency Daily Rate Loan may be continued or converted at any time.