Eurodollar Term Borrowing definition

Eurodollar Term Borrowing means a Borrowing comprised of Eurodollar Term Loans.
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Eurodollar Term Borrowing means a Borrowing comprised of
Sample 1
Eurodollar Term Borrowing means a Borrowing comprised of Eurodollar Term Loans. "Eurodollar Term Loan" shall mean any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II. "Event of Default" shall have the meaning assigned to such term in Article VII. "Excess Cash Flow" shall mean, for any fiscal year, the excess of (a) the sum, without duplication, of (i) Consolidated EBITDA, (ii) the Net Cash Proceeds received by the Borrower and its consolidated subsidiaries in connection with the issuance of debt or equity securities, the sale or other disposition of assets or Casualty or Condemnation Events to the extent not included in Consolidated EBITDA and to the extent used for mandatory prepayments of the principal of the Loans in accordance with Section 2.13 (other than Section 2.13(d)), (iii) extraordinary cash gains of the Borrower and its subsidiaries to the extent not included in Consolidated EBITDA, (iv) interest income of the Borrower and its subsidiaries to the extent not included in Consolidated EBITDA, (v) an amount equal to any decrease in Consolidated Working Capital during such fiscal year and (vi) an amount equal to any increase in provisions for reclamation and related liabilities, workers compensation liabilities, postretirement benefit costs, industry fund obligations and similar items during such fiscal year over (b) the sum, without duplication, of (i) taxes paid or payable (including payments in respect of taxes under the U.S. Tax Sharing Policy) in cash by the Borrower and its subsidiaries on a consolidated basis during such fiscal year, (ii) Consolidated Interest Expense paid in cash by the Borrower and its subsidiaries during such fiscal year, (iii) Capital Expenditures made in cash (excluding any Capital Expenditures made from amounts that are carried-forward from the prior year) and in accordance with Section 6.10 during such fiscal year and carry-forwards to the following year of Capital Expenditures permitted by the proviso to Section 6.10, (iv) scheduled and mandatory principal repayments of Indebtedness made by the Borrower and its subsidiaries during such fiscal year but only to the extent that such prepayments cannot by their terms be reborrowed or redrawn and do not occur in connection with a refinancing of all or any portion of such Indebtedness, (v) optional and mandatory prepayments of the principal of Loans (other than mandatory prepayments pursuant to Section 2.13(d)) du...
Sample 1

Examples of Eurodollar Term Borrowing in a sentence

  • Thereafter, the Borrower may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurodollar Term Borrowing, may elect Interest Periods therefor, all as provided in this Section.

  • The utility, concerned about the potentially large liability it could face if hazardous wastes generated by its DSM efforts are improperly disposed of, has decided to manage the waste disposal process itself, rather than leaving it to the customer.

  • This may be accomplished by requiring each applicable outstanding Eurodollar Term Borrowing to be converted into an ABR Term Borrowing on the date of each such Incremental Term Loan, or by allocating a portion of each such applicable Incremental Term Loan to each applicable outstanding Eurodollar Term Borrowing on a pro rata basis.

  • If any Incremental Term Loan is to be allocated to an existing Interest Period for a Eurodollar Term Borrowing, then the interest rate thereon for such Interest Period and the other economic consequences thereof shall be as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • At the commencement of each Interest Period for any Eurodollar Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $10,000, and not less than $500,000 for Eurodollar Revolving Borrowing and not less than$1,000,000 for Eurodollar Term Borrowing.

  • Each Term Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurodollar Term Borrowing, shall have an initial Interest Period as specified in such Borrowing Request.

  • It will be worthwhile to quote a letter that appeared in the Jakarta Post, a leading Indonesian English daily on 21 April 2006: "if India reaches out, especially in the field of education, it will benefit the common people here.

  • Borrowers shall notify the Administrative Agent by written notice of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Term Borrowing, not later than 11:00 a.m., New York City time, three (3) Business Days before the date of prepayment, and (ii) in the case of prepayment of an ABR Term Borrowing, not later than 11:00 a.m., New York City time, on the date of prepayment.

  • To facilitate the inclusion of the Incremental Term Loans, when made, in each outstanding Term Borrowing, the Borrower and the Incremental Term Lender hereby agree pursuant to Section 2.24(d) of the Credit Agreement that the Incremental Term Loans made hereunder will be allocated ratably to each outstanding Eurodollar Term Borrowing for purposes of determining the initial interest rate thereon, in each case notwithstanding any contrary provision of the Credit Agreement.

  • Thereafter, Borrowers may elect to convert such Term Borrowing to a different Type or to continue such Term Borrowing and, in the case of a Eurodollar Term Borrowing, may elect Interest Periods therefor, all as provided in this Section.

Related to Eurodollar Term Borrowing

  • Eurodollar 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.

  • Term Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Lenders pursuant to Section 2.01(a).

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

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

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • Revolving Borrowing means a borrowing consisting of simultaneous Revolving Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Revolving Lenders pursuant to Section 2.01(b).

  • Term B Borrowing means a borrowing consisting of simultaneous Term B Advances of the same Type made by the Term B Lenders.

  • Eurocurrency Borrowing means a Borrowing comprised of Eurocurrency Loans.

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

  • Term SOFR Borrowing means a Borrowing comprised of Term SOFR 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.

  • Term A Borrowing means a borrowing consisting of simultaneous Term A Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term A Lenders pursuant to Section 2.01(a).

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

  • Incremental Term Borrowing means a Borrowing comprised of Incremental Term Loans.

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.

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

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

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

  • Eurodollar Borrowing means a Borrowing comprised of Eurodollar Loans.

  • LIBO Borrowing means a Borrowing comprised of LIBO Loans.

  • Term Loan Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Loan Lenders pursuant to Section 2.01(a).

  • Euro-Dollar Borrowing has the meaning set forth in Section 1.3.

  • Canadian Borrowing means a Borrowing of Canadian Loans.

  • 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.