Examples of Eurocurrency Interest Period in a sentence
Each Eurocurrency Borrowing Request shall specify (i) whether the Borrower is requesting a Eurocurrency Loan, or a continuation of a Eurocurrency Loan, (ii) the requested date of the borrowing or continuation, as the case may be, (iii) the principal amount of Eurocurrency Loans to be borrowed or continued, (iv) the duration of the Eurocurrency Interest Period with respect thereto and (v) the Eurocurrency requested.
If the Borrower requests a borrowing of, or continuation of, Eurocurrency Loans in any such Eurocurrency Borrowing Request, but fails to specify a Eurocurrency Interest Period, it will be deemed to have specified a Eurocurrency Interest Period of one month.
If the Borrower fails to give a timely Eurocurrency Borrowing Request requesting a continuation, then the applicable Eurocurrency Loans shall not be continued and at the expiration of the applicable Eurocurrency Interest Period shall become Base Rate Loans.