Examples of Euro-Dollar Rate in a sentence
In addition, if as a result of any such increase in the Commitments, there shall be a reallocation of Euro-Dollar Rate Loans, Borrower shall pay any amounts that may be due pursuant to Section 5.2(f) hereof.
If a Default or an Event of Default shall exist upon the expiration of the Interest Period applicable to any Euro-Dollar Rate Loan, such Euro-Dollar Rate Loan automatically shall be converted into a Base Rate Loan.
Each Lender may require the Borrower to pay, contemporaneously with each payment of interest on the Euro-Dollar Loans, additional interest on the related Euro-Dollar Loan of such Lender at a rate per annum determined by such Lender up to but not exceeding the excess of (i) (A) the applicable Euro-Dollar Rate divided by (B) one minus the Euro-Dollar Reserve Percentage over (ii) the applicable Euro-Dollar Rate.
All interest based on the Euro-Dollar Rate (other than with respect to Loans denominated in Pounds Sterling) and all fees shall be computed on the basis of a year of 360 days and paid for the actual number of days elapsed (including the first day but excluding the last day).
If such Bank shall determine that it may not lawfully continue to maintain and fund any of its outstanding Euro-Dollar Rate Loans to maturity and shall so specify in such notice, the Borrower shall immediately prepay in full the then outstanding principal amount of each Euro-Dollar Rate Loan of such Bank, together with accrued interest thereon.