Examples of Eurodollar Committed Advance in a sentence
The Borrower shall select Interest Periods so that it is not necessary to repay any portion of a Eurodollar Committed Advance prior to the last day of the applicable Interest Period in order to make a mandatory repayment required pursuant to Section 2.4.
At the OPMA training session, legal counsel, Brian Snure, discussed the legal requirement of having a unanimous vote from the Board before surplussing equipment and goods by the pool.
Subject to the terms of Section 2.3.3, the Borrower may elect from time to time to convert all or any part of an Alternate Base Rate Advance into a Eurodollar Committed Advance.
The Borrower shall select the Type of Advance and, in the case of each Eurodollar Committed Advance, the Interest Period applicable to each Advance from time to time.
Each Eurodollar Committed Advance shall be in the minimum amount of $10,000,000 (and in multiples of $1,000,000 if in excess thereof), and each Alternate Base Rate Advance shall be in the minimum amount of $5,000,000 (and in multiples of $1,000,000 if in excess thereof), provided, however, that any Alternate Base Rate Advance may be in the amount of the unused Aggregate Commitment.
There were no occurrences of Contractor Level 0 as defined in the contract during either March or April.
Interest accrued on each Eurodollar Committed Advance, Eurodollar Bid Rate Advance and Absolute Rate Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Committed Advance, Eurodollar Bid Rate Advance or Absolute Rate Advance, as the case may be, is prepaid, whether by acceleration or otherwise, and at maturity.
Each Alternate Base Rate Advance shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is converted from a Eurodollar Committed Advance into an Alternate Base Rate Advance pursuant to Section 2.11 to but excluding the date it becomes due or is converted into a Eurodollar Committed Advance pursuant to Section 2.11 hereof, at a rate per annum equal to the Alternate Base Rate for such day.
Notwithstanding anything to the contrary contained in Section 2.3.5 or 2.3.6, during the continuance of a Default or Unmatured Default, the Required Lenders may, at their option, by notice to the Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that no Advance may be made as, converted into or continued as a Eurodollar Committed Advance.
Subject to the terms of Section 2.8, the Borrower may elect from time to time to convert all or any part of an Advance of a given Type into another Type of Advance provided that any conversion of any Eurodollar Committed Advance shall be made on, and only on, the last day of the Interest Period applicable thereto.