Applicable Exchange Date definition
Applicable Exchange Date has the meaning assigned to such term in Section 8.2(a)(ii).
Applicable Exchange Date. (a) with respect to any Multicurrency Loan to be made, the date on which the Eurocurrency Rate therefor is determined for the initial Interest Period for such Multicurrency Loan, and (b) with respect to any outstanding Multicurrency Loan, the date on which the Eurocurrency Rate was determined for the then-current Interest Period with respect to such Multicurrency Loan.