Eurocurrency Competitive Loan definition

Eurocurrency Competitive Loan means any Competitive Loan bearing interest at a rate determined by reference to the LIBO Rate in accordance with the provisions of Article II.
Eurocurrency Competitive Loan means any Competitive Loan which is a Eurocurrency Loan.
Eurocurrency Competitive Loan means any Competitive Loan bearing interest at a rate determined by reference to, in the case of Eurocurrency Competitive Loan denominated in Dollars or any Alternative Currency (other than Euros), the LIBO Rate and, in the case of Eurocurrency Competitive Loans denominated in Euros, the EURIBO Rate in accordance with the provisions of Article II.

Examples of Eurocurrency Competitive Loan in a sentence

  • The Loans comprising each Eurocurrency Borrowing shall bear interest (i) in the case of a Eurocurrency Revolving Loan, at the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus the Applicable Rate, or (ii) in the case of a Eurocurrency Competitive Loan, at the LIBO Rate for the Interest Period in effect for such Borrowing plus (or minus, as applicable) the Margin applicable to such Loan.

  • The Interest Period with respect to a Eurocurrency Competitive Loan shall in no case be less than one month’s duration.

  • Notwithstanding the foregoing, no Lender shall be entitled to request compensation under this Section 3.9 with respect to any Eurocurrency Competitive Loan if said Lender shall have been aware of the charge giving rise to such request at the time of submission of the related Eurocurrency Competitive Loan.

  • No Fixed Rate Loan or Eurocurrency Competitive Loan shall be requested or made pursuant to a Committed Borrowing Request.

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  • The Loans comprising each Eurocurrency Borrowing shall bear interest (i) in the case of a Eurocurrency Revolving Loan, at the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus the rate of 0.625% per annum, or (ii) in the case of a Eurocurrency Competitive Loan, at the LIBO Rate for the Interest Period in effect for such Borrowing plus (or minus, as applicable) the Margin applicable to such Loan.

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  • Each Competitive Bid by a Lender must be received by the Administrative Agent by fax, in the form of Exhibit A-3 hereto, (i) in the case of a Eurocurrency Competitive Loan, not later than 9:30 a.m., New York City time, three Business Days before a proposed Competitive Borrowing and (ii) in the case of a Fixed Rate Borrowing, not later than 9:30 a.m., New York City time, on the day of a proposed Competitive Borrowing.


More Definitions of Eurocurrency Competitive Loan

Eurocurrency Competitive Loan any Competitive Loan bearing interest at a rate determined by reference to the Eurocurrency Base Rate.
Eurocurrency Competitive Loan means a Competitive Bid Loan bearing interest at a rate determined by reference to the Eurocurrency Rate.
Eurocurrency Competitive Loan means any Competitive Loan which is a EurocurrencyLoan.
Eurocurrency Competitive Loan means any Competitive Loan bearing interest at a rate determined by reference
Eurocurrency Competitive Loan means any Competitive Loan bearing interest at a rate determined by reference to, in the case
Eurocurrency Competitive Loan means any Competitive Loan bearing interest at a rate determined by reference to, in the case of Eurocurrency Competitive Loan denominated in Dollars or any Alternative

Related to Eurocurrency Competitive Loan

  • Competitive Loan means a Loan made pursuant to Section 2.04.

  • ABR Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Article II.

  • Eurocurrency Loan means any Eurocurrency Term Loan or Eurocurrency Revolving Loan.

  • Bid Loan has the meaning specified in Section 2.03(a).