Examples of Euro Rate Loan in a sentence
If, after the date hereof, any Change in Law shall make it unlawful or impossible for compliance by any of the Lenders in good faith with any governmental requests (or any of their respective Lending Offices) to honor its obligations hereunder to make or maintain any Euro Rate Loan or CDOR Rate Loan, as applicable, such Lender shall promptly give notice thereof to the Administrative Agent and the Administrative Agent shall promptly give written notice to the Borrowers and the other Lenders.
Notwithstanding anything to the contrary herein, a Swingline Loan may not be converted to a CDOR Rate Loan or Euro Rate Loan.
Each CDOR Rate Loan and Euro Rate Loan shall, at Agent’s option, upon notice by Agent to Borrower, be subsequently converted to Canadian Prime Rate Loans and U.S. Base Rate Loans, respectively, upon the occurrence of any Event of Default which is continuing and otherwise upon the Maturity Date.
The Borrower shall request Agent in a Record to cause the Lenders to make Revolving Loan(s) by submitting a Notice of Borrowing in the form of Exhibit G hereto and made a part hereof, not later than 1:00 p.m. (New York City time) on the Business Day on which the Revolving Loan is to be funded in the case of a Prime Rate Loan, and in the case of a Euro Rate Loan not later than three (3) Business Days prior to the proposed commencement date of the applicable LIBOR Period.
If no Default nor Event of Default has occurred and is continuing at such time, such Euro Rate Loan shall be made or continued, or such Prime Rate Loan shall be converted, on the requested Commencement Date.