EURIBOR definition

EURIBOR means, in relation to any Loan in euro:

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EURIBOR means the Euro-zone inter-bank offered rate.

EURIBOR when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Adjusted EURIBO Rate.

Examples of EURIBOR in a sentence

• Borrowings of more than one Type may be outstanding at the same time; provided that there shall not at any time be more than a total of 12 (or such greater number as may be agreed to by the Administrative Agent) Term SOFR Borrowings and EURIBOR Borrowings outstanding.

• Thereafter, the applicable Borrower may elect to convert such Borrowing (if such Borrowing is denominated in US Dollars and, in the case of a Revolving Borrowing, made to the Company or a Domestic Borrowing Subsidiary) to a Borrowing of a different Type or to continue such Borrowing and, in the case of a Term SOFR Borrowing or a EURIBOR Borrowing, may elect Interest Periods therefor, all as provided in this Section.

• If no election as to the Type of Borrowing is specified, then the requested Borrowing shall be (A) in the case of a Borrowing denominated in US Dollars and made to the Company or a Domestic Borrowing Subsidiary, an ABR Borrowing, (B) in the case of Borrowing denominated in Sterling, a ▇▇▇▇▇ Borrowing and (C) in the case of a Borrowing denominated in Euros, a EURIBOR Borrowing.

• Notwithstanding any other provision of this Section, no Borrower shall be permitted to change the currency of any Borrowing or elect an Interest Period for a Term SOFR Borrowing or a EURIBOR Borrowing that does not comply with Section 2.02(d).

• If any such Interest Election Request requests a Term SOFR Borrowing or a EURIBOR Borrowing but does not specify an Interest Period, then the applicable Borrower shall be deemed to have selected an Interest Period of one month’s duration.

More Definitions of EURIBOR

EURIBOR has the meaning specified in the definition of “Eurocurrency Rate”.

EURIBOR has the meaning specified in the definition of “Alternative Currency Term Rate”.

EURIBOR means the Euro Interbank Offered Rate.

EURIBOR means the Euro-Zone inter-bank offered rate.

EURIBOR means the Euro-zone interbank offered rate.

EURIBOR means, in respect of any specified currency and any specified period, the interest rate benchmark known as the Euro zone interbank offered rate.

EURIBOR means, in respect of any Interest Period, the Euro interbank offered rate for six-month deposits in Euro, expressed as a percentage per annum, that appears on the Relevant Rate Page at the customary publication time as specified by the Euribor benchmark administrator in the Euribor benchmark methodology, as reasonably determined by ADB for the relevant Interest Period;