Eurocurrency Business Day means, with respect to any Eurocurrency Rate Loan, a day which is both a Business Day and a day on which dealings in deposits in Dollars are carried out in the London interbank market.
Eurocurrency Business Day means any Domestic Business Day on which commercial banks are open for international business (including dealings in dollar deposits) in London.
Eurocurrency Business Day means (a) relative to the making, continuing, conversion into, prepaying or repaying of any Eurocurrency Loans (other than a Revolving Loan made in Canadian Dollars), any day which is a Business Day and which is also a day on which dealings in Dollars or the applicable Alternative Currency, as the case may be, are carried on in the London interbank market; (b) relative to the making, continuing, conversion into, prepaying or repaying of any Revolving Loan that is made in Canadian Dollars, any day which is a Business Day and which is also a day on which banks are not authorized or required to be closed in Toronto, Canada; (c) relative to the making, continuing, conversion into, prepaying or repaying of any Revolving Loan denominated in Euro, the term “Eurocurrency Business Day” shall exclude any day which is not a TARGET Day (as determined by the Agent); and (d) when used in connection with the borrowing, payment or prepayment of any Revolving Loan denominated in an Alternative Currency, the term “Business Day” shall exclude any day in which commercial banks or foreign exchange markets are not open for business in the city where disbursements or payments of any such Loans are to be made.
Examples of Eurocurrency Business Day in a sentence
Any day on which banking institutions in New York, New York are open for the transaction of banking business and, in the case of Eurocurrency Rate Loans, also a day which is a Eurocurrency Business Day.
Whenever any payment of principal of, or interest on, the Eurocurrency Loans shall be due on a day which is not a Eurocurrency Business Day, the date for payment thereof shall be extended to the next succeeding Eurocurrency Business Day unless such Eurocurrency Business Day falls in another calendar month, in which case the date for payment thereof shall be the next preceding Eurocurrency Business Day.
Funds received after such time shall be deemed to have been received by the Administrative Agent on the next following Business Day (in the case of Base Rate Loans) or Eurocurrency Business Day (in the case of Eurodollar Loans or Eurocurrency Loans).
For this reason it is recommended that the seastate value presented for the amber safety zone should be that corresponding to the upper, green/amber, boundary.
Any day (other than a Saturday or Sunday) on which banking institutions in Boston, Massachusetts, are open for the transaction of banking business and, in the case of Eurocurrency Rate Loans, DM Loans and Sterling Loans, also a day which is a Eurocurrency Business Day.
More Definitions of Eurocurrency Business Day
Eurocurrency Business Day means (i) if such day relates to any Eurocurrency Loan denominated in dollars, any Domestic Business Day on which commercial banks are open for international business (including dealings in dollar deposits) in London and (ii) if such day relates to a Eurocurrency Loan denominated in euros, any Domestic Business Day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer System (TARGET2) (or, if such clearing system ceases to be operative, such other clearing system (if any) determined by the Administrative Agent to be a suitable replacement) is open for settlement of payments in euro.
Eurocurrency Business Day means a Euro−Dollar Business Day, unless such term is used in connection with an Alternative Currency Borrowing or Committed Alternative Currency Loan, in which case such day shall not be a Euro−Currency Business Day unless commercial banks are open for international business (including dealings in deposits in such Alternative Currency) in both London and the place designated by the Applicable Agent with respect to such Alternative Currency for funds to be paid or made available in such Alternative Currency.
Eurocurrency Business Day means, for Obligations, interest, fees, commissions or other amounts denominated in, or calculated with respect to, (i) Euros, a TARGET Day, (ii) Australian Dollars, any day (other than a Saturday or Sunday) on which banks are open for business in Melbourne, Australia; and (iii) Canadian Dollars, any day (other than a Saturday or Sunday) on which banks are open for business in Toronto, Canada; provided, that for purposes of notice requirements in Sections 1.6 and 1.9, in each case, such day is also a Business Day. “Eurocurrency Loan” means a Loan bearingthat bears interest prior to maturity at thea rate specified in Section 1.4(b) hereofbased on the Adjusted Eurocurrency Rate. “Eurocurrency Reserve Percentage” is defined in the definition of “Adjusted LIBOR” in this Section 4.1Rate” means, with respect to any Borrowing for any Interest Period denominated in: (i) Euros, the greater of (a) the rate per annum equal to the Euro Interbank Offered Rate (“EURIBOR”) as administered by the European Money Markets Institute (or any other Person that takes over the administration of such rate) for a period comparable in length to such Interest Period (the “EURIBOR Rate”), at approximately 11:00 a.m. (Brussels time) two Eurocurrency Business Days prior to the commencement of such Interest Period and (b) the Floor; (ii) Australian Dollars, the greater of (a) the rate per annum equal to the Bank Xxxx
Eurocurrency Business Day means a Business Day other than a legal holiday on which banks are authorized or required to be closed in London, England, or (a) with respect only to any Yen‑Denominated Loan, Hong Kong or Tokyo, Japan, or (b) with respect to any Eurocurrency Loan other than a Yen‑Denominated Loan, the city in which the principal interbank foreign exchange market is made for the currency in which such Eurocurrency Loan is denominated.
Eurocurrency Business Day means a day of the year on which dealings are carried on in the eurodollar interbank market and banks are open for business in New York City. "Eurocurrency Office" shall mean the office of the Agent designated as such with its signature hereto and, thereafter, such other office or offices of the Agent (as designated from time to time by notice from the Agent to Sellers' Representative) which shall be funding the Undivided Interests of the Agent hereunder or such other office or offices through which the Agent
Eurocurrency Business Day means a day of the year on which dealings are carried on in the eurodollar interbank market and banks are open for business in New York City. "Eurocurrency Office" shall mean the office of the Agent designated as such with its signature hereto and, thereafter, such other office or offices of the Agent (as designated from time to time by notice from the Agent to Seller) which shall be funding the Undivided Interests of the Agent hereunder or such other office or offices through which the Agent determines the Eurocurrency Rate. A Eurocurrency Office of the Agent may be, at the option of the Agent, either a domestic or foreign office. "Eurocurrency Reserve Percentage" means, with respect to each Yield Period, the then applicable percentage (expressed as a decimal) prescribed by the Board of Governors of the Federal Reserve System (or any successor) for determining
Eurocurrency Business Day means (a) relative to the making, continuing, conversion into, prepaying or repaying of any Eurocurrency Loans (other than a Revolving Loan made in Canadian Dollars)in Sterling, any day which is a Business Day and which is also a day on which dealings in Dollars or the applicable Alternative Currency, as the case may be,Sterling are carried on in the London interbank market; (b) relative to the making, continuing, conversion into, prepaying or repaying of any Revolving Loan that is made in Canadian Dollars, any day which is a Business Day and which is also a day on which banks are not authorized or required to be closed in Toronto, Canada; (c) relative to the making, continuing, conversion into, prepaying or repaying of any Revolving Loan denominated in Euro, the term “Eurocurrency Business Day” shall exclude any day which is not a TARGET Day (as determined by the Agent); and (d) when used in connection with the borrowing, payment or prepayment of any Revolving Loan denominated in an Alternative Currency (other than as set forth in (a) through (c) above), the term “Business Day” shall exclude any day in which commercial banks or foreign exchange markets are not open for business in the city where disbursements or payments of any such Loans are to be made.