Eurocurrency definition

Eurocurrency 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 LIBO Rate.
Eurocurrency means any Agreed Currency.
Eurocurrency 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 Eurocurrency Rate. Eurocurrency Loans may be denominated in dollars or in an Alternative Currency. All Loans denominated in an Alternative Currency must be Eurocurrency Loans.

Examples of Eurocurrency in a sentence

  • Thereafter, the applicable Borrower may elect to convert any Borrowing to a Borrowing of a different Type or to continue such Borrowing and, in the case of an Adjusted Eurocurrency RateTerm SOFR Borrowing, may elect Interest Periods therefor, all as provided in this Section.

  • Borrowings also may be classified and referred to by Class (e.g., a “Term Borrowing”) or by Type (e.g., an “Adjusted Eurocurrency RateTerm SOFR Borrowing”) or by Class and Type (e.g., an “Adjusted Eurocurrency RateTerm SOFR Term Borrowing”).

  • Thereafter, the Borrower may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurocurrency Borrowing, may elect Interest Periods therefor, all as provided in this Section.

  • The applicable Base Rate, Term SOFR Rate, Daily Simple SOFR, Eurocurrency Rate or Term RFR shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error.

  • For purposes of this Agreement, Loans may be classified and referred to by Class (e.g., a “Term Loan”) or by Type (e.g., an “Adjusted Eurocurrency RateTerm SOFR Loan”) or by Class and Type (e.g., an “Adjusted Eurocurrency RateTerm SOFR Term Loan”).


More Definitions of Eurocurrency

Eurocurrency when used in reference to a currency, means an Agreed Currency (other than Dollars), and when used in reference to any Loan or Borrowing, means that such Loan, or the Loans comprising such Borrowing, bears interest at a rate determined by reference to the Eurocurrency Rate (other than any ABR Loan or ABR Borrowing).
Eurocurrency means, when used in reference to any Loan or Borrowing, a Loan, or the Loans comprising such Borrowing, that are bearing interest at a rate determined by reference to the Adjusted LIBO Rate.
Eurocurrency means, in respect of any Loan or Borrowing, a LIBOR Loan or Borrowing.
Eurocurrency means any freely transferable and convertible currency on deposit outside the country of issuance.
Eurocurrency means Eurodollars, Deutsche Marks, Pounds Sterling, French Francs, Italian Lira, Swiss Francs, Belgian Francs or any other non-U.S. currency agreed to by Agent and the Banks.
Eurocurrency means an Agreed Currency denominated deposit in a bank or branch outside of the United States.
Eurocurrency means Euro or Sterling.