Eurocurrency definition

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.

Eurocurrency means any Agreed Currency.

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 Eurocurrency Rate. Eurocurrency Loans may be denominated in dollars or in an Alternative Currency. All Loans denominated in an Alternative Currency must be Eurocurrency Loans.

Examples of Eurocurrency in a sentence

• Any change in the interest rate on a Loan resulting from a change in the ABR or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective.

• Except as otherwise provided herein, a Eurocurrency Rate Loan may be continued or converted only on the last day of an Interest Period for such Eurocurrency Rate Loan.

• Any prepayment of a Eurocurrency Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05.

• Any such automatic conversion to Base Rate Loans shall be effective as of the last day of the Interest Period then in effect with respect to the applicable Eurocurrency Rate Loans.

• The determination of the Eurocurrency Rate by the Administrative Agent shall be conclusive in the absence of manifest error.

More Definitions of Eurocurrency

Eurocurrency when used in reference to a currency means an Agreed Currency and when used in reference to any Loan or Borrowing, means that such Loan, or the Loans comprising such Borrowing, bears interest at a rate determined by reference to the Adjusted LIBO Rate or the Adjusted EURIBO Rate.

Eurocurrency means, when used in reference to any Loan or Borrowing, a Loan, or the Loans comprising such Borrowing, that are bearing interest at a rate determined by reference to the Adjusted LIBO Rate.

Eurocurrency means any freely transferable and convertible currency on deposit outside the country of issuance.

Eurocurrency means Eurodollars, Deutsche Marks, Pounds Sterling, French Francs, Italian Lira, Swiss Francs, Belgian Francs or any other non-U.S. currency agreed to by Agent and the Banks.

Eurocurrency means, in respect of any Loan or Borrowing, a LIBOR Loan or Borrowing.

Eurocurrency means an Agreed Currency denominated deposit in a bank or branch outside of the United States.

Eurocurrency means Euro or Sterling.