Examples of Domestic Advance in a sentence
Each Swingline Loan shall be a Domestic Advance and, unless otherwise agreed between the Borrower and the Swingline Lender, a Floating Rate Advance.
Absent notice of continuation or conversion, each Eurodollar Advance shall automatically convert into a Domestic Advance on the last day of the current Interest Period for such Advance, unless paid in full on such last day.
Interest on each Domestic Advance shall be computed on the basis of a year consisting of 365 days and paid for actual days elapsed.
No Domestic Advance shall be converted into a Eurodollar Advance and no Eurodollar Advance shall be continued less than seven (7) days before the Termination Date or at any time that an Event of Default or an Unmatured Event of Default shall exist.
Each Advance shall be either a Domestic Advance or a Eurodollar Advance as shall be selected by the Company, except as otherwise provided herein.