Alternate Currency Loans definition

Alternate Currency Loans means Loans denominated in Euros.

Alternate Currency Loans means Loans denominated in an Alternate Currency.

Alternate Currency Loans means each Euro Denominated Loan, each NOK Denominated Loan and each Sterling Denominated Loan.

Examples of Alternate Currency Loans in a sentence

• The specification of payment of Alternate Currency Loans in the related Alternate Currency at a specific place pursuant to this Agreement is of the essence.

• All payments made under the Loan Documents shall be made in Dollars (or, in the case of Alternate Currency Loans or Alternate Currency Letters of Credit, in the applicable Alternate Currency).

• Borrowers shall have the option, subject to the terms and conditions set forth herein, to borrow Revolving Loans, maturing on the last day of the Commitment Period, by means of any combination of Base Rate Loans, Eurodollar Loans or Alternate Currency Loans.

• Borrower shall have the option, subject to the terms and conditions set forth herein, to borrow Revolving Loans, maturing on the last day of the Commitment Period, by means of any combination of Base Rate Loans, Eurodollar Loans or Alternate Currency Loans.

• All payments made under the Loan Documents shall be made in Dollars (or in the case of Alternate Currency Loans or Alternate Currency Letters of Credit, in the applicable Alternate Currency).

More Definitions of Alternate Currency Loans

Alternate Currency Loans. Revolving Credit Loans hereunder (other than those denominated in Dollars) at such time as they are made and/or being maintained at a rate of interest based upon the Eurocurrency Rate described in clause (b) of the definition of such term.

Alternate Currency Loans and individually, "Alternate Currency Loan", shall mean those Loans which may be made under this Agreement and which are described in Section 2.04(a).

Alternate Currency Loans. 10:00 a.m (Adelaide time) two (2) Business Days prior. Australian Borrower Addendum 138

Alternate Currency Loans. Loans denominated in an Alternate Currency.

Alternate Currency Loans. With respect to each Alternate Currency Loan, subject to the other provisions of this Agreement, Borrower shall have the right to receive all of the proceeds of such Alternate Currency Loan in an Alternate Currency. Each Alternate Currency Loan shall be made in a single Alternate Currency. Borrower shall pay interest on the unpaid principal amount of Base Rate Loans outstanding from time to time from the date thereof until paid at the Base Rate from time to time in effect. Interest on such Base Rate Loans shall be payable, commencing June 30, 2001, and on the last day of each succeeding September, December, March and June thereafter and at the maturity thereof. Borrower shall pay interest on the unpaid principal amount of each Fixed Rate Loan outstanding from time to time, fixed in advance on the first day of the Interest Period applicable thereto through the last day of the Interest Period applicable thereto (but subject to changes in the Applicable Margin), at the Derived Fixed Rate. Interest on such Fixed Rate Loans shall be payable on each Interest Adjustment Date (provided that if an Interest Period exceeds three (3) months, the interest must be paid every three (3) months, commencing three (3) months from the beginning of such Interest Period). At the request of Borrower to Agent, subject to the notice and other provisions of Section 2.2 hereof, the Banks shall convert Base Rate Loans to Eurodollar Loans at any time and shall

Alternate Currency Loans shall include Bankers' Acceptance Advances made pursuant to Section 2.03 hereof.

Alternate Currency Loans. 10:00 a.m (Toronto time) two (2) Business Days prior. Any Conversion of a Bankers' Acceptance Advance shall be made on, and only on, the maturity date applicable thereto. In the event that a Bankers' Acceptance Advance is to be continued as a Bankers' Acceptance Advance, the Bankers' Acceptance Proceeds arising from the continued Bankers' Acceptance Advance shall be retained by the Swing Line Bank party to this Addendum to be applied by it to the face amount of the Bankers' Acceptance maturing on the date of such advance, and the Borrower shall pay to the Swing Line Bank party to this Addendum, on such date, an amount equal to the difference between the face amount at maturity of the maturing Bankers' Acceptance and the Bankers' Acceptance Proceeds of the Bankers' Acceptance to be issued. Notwithstanding anything to the contrary contained in the Credit Agreement or this Addendum, no Loan may be converted into or continued as a Bankers' Acceptance Advance when any Default or Event of Default has occurred and is continuing.