Eurocurrency Sublimit definition

Eurocurrency Sublimit means $25,000,000.
Sample 1Sample 2Sample 3
Eurocurrency Sublimit means $75,000,000.
Sample 1Sample 2Sample 3
Eurocurrency Sublimit means Twenty Two Million Dollars ($22,000,000), until such time as (i) a different limit is established by Administrative Agent in its sole discretion, exercised in a commercially reasonable manner, or (ii) Administrative Agent terminates and cancels any right to make Eurocurrency Borrowings pursuant to Section 2.1(f).
Sample 1

Examples of Eurocurrency Sublimit in a sentence

  • To the extent that (i) the Dollar Equivalent Amount of the Aggregate Outstandings exceeds the Total Commitment or (ii) the Dollar Equivalent Amount of all Obligations denominated in Approved Currencies other than Dollars exceeds the Eurocurrency Sublimit due to a change in applicable Exchange Rates, then the Company shall immediately prepay the Revolving Credit Loans to the extent necessary to cause compliance after repayment in full of the Loans with each of the foregoing.

  • Any partial terminations shall reduce availability under the Eurocurrency Sublimit on a pro rata basis in the same proportion which the Eurocurrency Sublimit at the time bears to the total Commitments.

  • The Holder represents and warrants that he has acquired this Note for its own account for investment purposes and not with a view toward the distribution of this Note or of the shares of Common Stock issuable upon conversion of this Note.

  • The sum of all Eurocurrency Borrowings that are outstanding at any one time may not exceed the Eurocurrency Sublimit.

  • Within the limits of the Eurocurrency Sublimit of each Eurocurrency Lender, amounts of European Revolving Credit Loans repaid may be reborrowed under this Section 2.01(b).

  • For the avoidance of doubt, no portion of any Eurocurrency Borrowing under the Eurocurrency Sublimit may be converted to either a Base Rate Borrowing or a LIBOR Rate Borrowing under the Domestic Sublimit.

  • Any partial terminations shall reduce availability under the Eurocurrency Sublimit before any reductions are made against the Domestic Sublimit.

  • Section 1.1 is amended by deleting therefrom the following defined terms: (i) Domestic Sublimit and (ii) Eurocurrency Sublimit.


More Definitions of Eurocurrency Sublimit

Eurocurrency Sublimit means the lesser of (i) 33-1/3% of the Total Revolving Commitment, (ii) $50,000,000 and (iii) the Total Revolving Tranche B Commitment.
Sample 1
Eurocurrency Sublimit means $70,000,000.
Sample 1
Eurocurrency Sublimit means $50,000,000. --------------------- "Eurodollar", when used in reference to any Loan or Borrowing shall ---------- refer to whether such Loan, or Loans comprising such Borrowing, denominated in dollars are bearing interest at a rate determined by reference to the LIBO Rate in accordance with the provisions of Article II (or, in the case of a Competitive Loan, the LIBO Rate).
Sample 1
Eurocurrency Sublimit means, with respect to each Eurocurrency Lender, the amount set forth opposite such Eurocurrency Lender’s name on Schedule 2.01 under the caption “Eurocurrency Sublimit,” as amended to reflect each Assignment and Acceptance executed by such Eurocurrency Lender and as such amount may be reduced pursuant to this Agreement. The aggregate Eurocurrency Sublimits on the Effective Date shall be $125.0 million.
Sample 1
Eurocurrency Sublimit means (i) at any time prior to the Change Date, $0, and (ii) at all times thereafter, $22,500,000.
Sample 1

Related to Eurocurrency Sublimit

  • Alternative Currency Sublimit means an amount equal to the lesser of the Aggregate Commitments and $50,000,000. The Alternative Currency Sublimit is part of, and not in addition to, the Aggregate Commitments.

  • Foreign Currency Sublimit means $25,000,000.

  • Eurocurrency Loans Loans the rate of interest applicable to which is based upon the Eurocurrency Rate.

  • Borrowing Tranche means specified portions of Loans outstanding as follows: (i) any Loans to which a LIBOR Rate Option applies which become subject to the same Interest Rate Option under the same Loan Request by the Borrower and which have the same Interest Period shall constitute one Borrowing Tranche, and (ii) all Loans to which a Base Rate Option applies shall constitute one Borrowing Tranche.

  • Swingline Sublimit means an amount equal to the lesser of (a) $15,000,000 and (b) the Revolving Facility. The Swingline Sublimit is part of, and not in addition to, the Revolving Facility.

  • L/C Sublimit has the meaning ascribed to it in Annex B.

  • Eurocurrency Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Eurocurrency Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Swingline Committed Amount means the amount of the Swingline Lender’s Swingline Commitment as specified in Section 2.4(a).

  • Eurodollar Rate Borrowing means a Borrowing comprised of Eurodollar Rate Loans.

  • Eurocurrency Interest Period means with respect to any Eurocurrency Rate Borrowing, the period commencing on the date of such Borrowing and ending on the numerically corresponding day in the calendar month that is one, two, three or six months (or, to the extent agreed to by the Agent and each Lender making such Eurocurrency Rate Borrowing, twelve months or any shorter period) thereafter, as a Borrower may elect; provided that (a) if any Eurocurrency Interest Period would end on a day other than a Business Day, such Eurocurrency Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Eurocurrency Interest Period shall end on the next preceding Business Day, (b) any Eurocurrency Interest Period that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such Eurocurrency Interest Period) shall end on the last Business Day of the last calendar month of such Eurocurrency Interest Period and (c) no Eurocurrency Interest Period for any (i) Eurocurrency Rate Revolving Loan shall end after the latest Scheduled Termination Date for the applicable Revolving Commitments under the applicable Revolving Facility or (ii) Eurocurrency Rate Term Loans shall end after the stated maturity date of such Term Loans.

  • LIBOR Rate Loans means the Loans bearing interest with reference to the LIBOR Rate.

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

  • 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.

  • Borrowing Limit has the meaning set forth in Section 1.1(a)(i).

  • Eurodollar Loans Loans the rate of interest applicable to which is based upon the Eurodollar Rate.

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • Swingline Rate means the Base Rate plus the Applicable Margin applicable to Base Rate Loans.

  • Eurocurrency Borrowing means a Borrowing comprised of Eurocurrency Loans.

  • Revolving Credit Committed Amount has the meaning described in Section 2.1.1 (Revolving Credit Facility).

  • Revolving Credit Advances means advances of principal on the Revolving Credit Loan by the Bank under the terms of this Loan Agreement to the Borrower during the term of the Revolving Credit Loan pursuant to Section 3.1.

  • Eurocurrency Tranche the collective reference to Eurocurrency Loans under a particular Facility the then current Interest Periods with respect to all of which begin on the same date and end on the same later date (whether or not such Loans shall originally have been made on the same day).

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

  • LIBO Rate Advances means a Competitive Bid Advance denominated in Dollars or in any Foreign Currency and bearing interest based on the LIBO Rate.

  • Alternative Currency Daily Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency.