Examples of EURIBOR Rate Loans in a sentence
If, at any time after a Revolving Credit Lender gives notice under this clause (d), such Revolving Credit Lender determines that it may lawfully make Eurocurrency Rate Loans or EURIBOR Rate Loans, such Revolving Credit Lender shall promptly give notice of that determination to the Borrower and the Administrative Agent, and the Administrative Agent shall promptly transmit the notice to each other Lender.
The Borrower’s right to request, and such Revolving Credit Lender’s obligation, if any, to make Eurocurrency Rate Loans or EURIBOR Rate Loans shall thereupon be restored.
During the existence of an Event of Default, the Administrative Agent or the Requisite Lenders may require that any Revolving Loans denominated in Alternative Currencies shall be automatically continued as Eurocurrency Rate Loans or EURIBOR Rate Loans, as applicable, with an Interest Period of one month on the last day of the then current Interest Period with respect thereto.
The standard representation is a sum of products of simple factors.
Except as provided in Sections 2.14, 2.15 and 2.16, each Borrowing of, conversion to or continuation of EURIBOR Rate Loans shall be in a principal amount of €1.0 million or a whole multiple amount of €250,000 in excess thereof.
All Swing Line Loans shall be made as Base Rate Loans and shall not be entitled to be converted into LIBO Rate Loans or EURIBOR Rate Loans.
If the Borrower requests a Revolving Borrowing of, conversion to, or continuation of RFR Loans or EURIBOR Rate Loans in any such Borrowing Request, but fails to specify an Interest Period (or fails to give a timely notice requesting a continuation of RFR Loans or EURIBOR Rate Loans denominated in an Alternative Currency), it will be deemed to have specified an Interest Period of one month.
Any such automatic conversion to ABR Loans shall be effective as of the last day of the Interest Period then in effect with respect to the applicable RFR Loans or EURIBOR Rate Loans.
In the case of Euro Interbank Offered Rate ("EURIBOR Rate") Loans denominated in Euro, at a rate per annum equal to 2.00% (subject to a 0.25% step- up or step-down based on availability) plus the applicable LIBOR Rate; and7.
Revolving Loans denominated in Dollars may be ABR Loans or Term SOFR Loans, as further provided herein, and Revolving Loans denominated in Alternative Currencies must be Daily Simple RFR Loans or EURIBOR Rate Loans, as further provided herein.