€STR Loan definition

€STR Loan means a loan that bears interest at a rate based on Enhanced €STR.
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€STR Loan means a Euro Swing Line Loan that bears interest at a rate based on the definition of “Enhanced €STR”. All €STR Loans must be denominated in Euros.
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€STR Loan. A loan that bears interest at a rate based on Enhanced €STR. “Euro and EUR”. The single currency of the Participating Member States. “Event of Default”. See Section 13.01.
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Examples of €STR Loan in a sentence

  • Each Swingline Loan denominated in (1) Dollars shall be an ABR Loan, (2) Euros shall be an €STR Loan, (3) Sterling shall be a ▇▇▇▇▇ Loan and (4) Swiss Francs shall be a SARON Loan.

  • Each Foreign Swing Line Loan borrowed by ▇▇▇▇▇▇ Germany, ▇▇▇▇▇▇ Luxembourg and/or ▇▇▇▇▇▇ Switzerland shall be an Overnight Rate Loan or an €STR Loan.

  • Until each Lender funds its Base Rate Loan, €STR Loan, Overnight Rate Loan or risk participation pursuant to this §2.9 to refinance such Lender’s Commitment Percentage of any Swing Line Loan, interest in respect of such Commitment Percentage shall be solely for the account of the Swing Line Lender.

  • Interest shall accrue on each Alternative Currency Loan for the day on which the Alternative Currency Loan or €STR Loan is made, and shall not accrue on an Alternative Currency Loan or €STR Loan, or any portion thereof, for the day on which the Alternative Currency Loan or €STR Loan or such portion thereof is paid, provided that any Alternative Currency Loan or €STR Loan that is repaid on the same day on which it is made shall, subject to the terms of the Credit Agreement, bear interest for one day.

  • Until each Lender funds its Base Rate Loan, €STR Loan, Overnight Rate Loan or risk participation pursuant to this Section 2.09 to refinance such Lender’s Commitment Percentage of any Swing Line Loan, interest in respect of such Commitment Percentage shall be solely for the account of the Swing Line Lender.

  • The Swing Line Lender at any time in its sole discretion may request, on behalf of each Borrower (which hereby irrevocably authorizes the Swing Line Lender to so request on its behalf), that each Lender make a Base Rate Loan, €STR Loan or Overnight Rate Loan, as applicable, in an amount equal to such Lender’s Commitment Percentage of the amount of Swing Line Loans then outstanding.