Eurodollar Committed Loan definition

Eurodollar Committed Loan means any Committed Loan bearing interest at a rate determined by reference to the LIBO Rate in accordance with the provisions of Article II.
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Eurodollar Committed Loan means a Committed Loan which bears interest at a Eurodollar Rate.
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Eurodollar Committed Loan means a Committed Loan bearing interest as provided in Section 2.4(b)(i).
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Examples of Eurodollar Committed Loan in a sentence

  • All or any part of outstanding Eurodollar Committed Loans and Base Rate Loans may be converted as provided herein, provided that no Base Rate Loan may be converted into a Eurodollar Committed Loan when any Event of Default has occurred and is continuing and the Majority Banks have determined that such a conversion is not appropriate.

  • Each Notice of Borrowing or telephonic request for a Committed Loan shall specify (1) the date of such Committed Loan, (2) the amount of such Committed Loan, (3) whether such Committed Loan is to be a Base Rate Loan or a Eurodollar Committed Loan, and (4) if such Committed Loan is to be a Eurodollar Committed Loan, the Interest Period with respect thereto.

  • Upon receipt of any such Request for Conversion of or to a Eurodollar Committed Loan, Agent shall promptly notify each Bank thereof.

  • Each Committed Loan shall be made pursuant to a Notice of Borrowing (substantially in the form of Exhibit B-1) given by Borrower to Agent at the Agency Office not later than 12:00 Noon (local time in the city where the Agency Office is situated) on (i) the third Banking Day prior to the date of the proposed Committed Loan, in the case of any Eurodollar Committed Loan, or (ii) the Banking Day prior to the date of the proposed Committed Loan, in the case of any Base Rate Loan.

  • Any such Request for Conversion of or to a Eurodollar Committed Loan with respect to a conversion to Eurodollar Committed Loans shall be irrevocable and shall specify the length of the initial Interest Period or Interest Periods therefor.

  • For purposes of this Agreement, Loans may be classified and referred to by Class (e.g., a "Committed Loan" or a "Competitive Loan") or by Type (e.g., a "Eurodollar Loan") or by Class and Type (e.g., a "Eurodollar Committed Loan" or a "Fixed Rate Loan").

  • If, notwithstanding the provisions of this Section 4.05, any Bank has made available to any Borrower its Commitment Percentage of any such proposed Eurodollar Committed Loan, then such Borrower shall immediately repay the amount so made available to it by such Bank, together with accrued interest thereon, if any.

  • If the Company fails to give a timely notice requesting a conversion or continuation of an outstanding Committed Loan, then the applicable Committed Loan shall be continued as the same Type of Committed Loan denominated in the same Available Currency with, in the case of a Eurodollar Committed Loan, an Interest Period of one month.

  • Subject to the provisions of Sections 2.1(k) and 2.4(d), Borrower may elect from time to time to convert any amount of Eurodollar Committed Loans to Base Rate Loans by delivering a Request for Conversion of or to a Eurodollar Committed Loan (substantially in the form of Exhibit B-3) to Agent prior to 12:00 Noon, New York City time, at least one (1) Banking Day prior to the requested date of conversion.

  • Subject to the provisions of Section 2.1(k), Borrower may elect from time to time to convert any amount of Base Rate Loans to Eurodollar Committed Loans by delivering a Request for Conversion of or to a Eurodollar Committed Loan to Agent prior to 12:00 Noon, New York City time, at least three Banking Days prior to the requested date of conversion.


More Definitions of Eurodollar Committed Loan

Eurodollar Committed Loan means a Committed Loan that bears interest based on LIBOR.
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Eurodollar Committed Loan means a Loan bearing interest, at all times during an Interest Period applicable to such Loan, at a fixed rate of interest determined by reference to the Eurodollar Rate (Reserve Adjusted).
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Eurodollar Committed Loan any Committed Loan bearing interest at a ------------------------- rate determined by reference to the Eurodollar Rate.
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Eurodollar Committed Loan means any Committed Loan bearing interest at a rate determined by reference to
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Eurodollar Committed Loan means any Committed Loan which is a Eurodollar Loan. LAW2:13233 15 10
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Eurodollar Committed Loan means a Tranche A Committed Revolving Loan or Tranche B Loan, as the case may be, which bears interest at a Eurodollar Rate requested by the Borrower pursuant to Section 2.1 or 2.10.
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Related to Eurodollar Committed Loan

  • Eurodollar Rate Committed Loan means a Committed Loan that bears interest at a rate based on clause (a) of the definition of “Eurodollar Rate.”

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Eurocurrency Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Eurodollar Competitive Loan means any Competitive Loan bearing interest at a rate determined by reference to the LIBO Rate in accordance with the provisions of Article II.

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

  • Eurocurrency Tranche the collective reference to Eurocurrency Loans under a particular Facility the then current Interest Periods with respect to all of which begin on the same date and end on the same later date (whether or not such Loans shall originally have been made on the same day).

  • Base Rate Committed Loan means a Committed Loan that is a Base Rate Loan.

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

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

  • Committed Loans means loans made pursuant to Section 2.1(a).

  • Eurocurrency Rate Advance means a Revolving Credit Advance or a Term Loan Advance denominated in Dollars or in an Agreed Currency which bears interest as provided in Section 2.07(b) or a Local Currency Advance which bears interest as provided in Section 2.07(b) and the Local Currency Addendum.

  • Eurodollar Tranche the collective reference to Eurodollar Loans the then current Interest Periods with respect to all of which begin on the same date and end on the same later date (whether or not such Loans shall originally have been made on the same day).

  • 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.

  • LIBO Rate Loan means a Loan bearing interest, at all times during an -------------- Interest Period applicable to such Loan, at a fixed rate of interest determined by reference to the LIBO Rate (Reserve Adjusted).

  • Eurodollar Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(ii).

  • Index Rate Loan means a Loan or portion thereof bearing interest by reference to the Index Rate.

  • LIBOR Rate Loans means Loans bearing interest at a rate based on the LIBOR Base Rate or LIBOR Rate, as applicable.

  • Revolving Loan has the meaning specified in Section 2.01(a).

  • LIBOR Rate Loan means a Loan that bears interest based on LIBOR.

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

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

  • Committed Loan has the meaning specified in Section 2.01.

  • LIBO Rate Advances has the meaning specified in Section 2.03(a)(i).

  • CDOR Rate Loan means a Loan denominated in Canadian Dollars the rate of interest applicable to which is based on the CDOR Rate.

  • Eurocurrency Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurocurrency Rate.

  • LIBO Rate Advance means a Pro Rata Advance that bears interest as provided in Section 2.04(a)(ii).