Eurodollar Competitive Loan definition

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

  • Thus, for example, a "Eurodollar Competitive Loan" is a Competitive Loan which is also a Eurodollar Loan.

  • Such request shall in each case refer to this Agreement and specify (x) whether the Competitive Loan then being requested is to be a Eurodollar Competitive Loan or an Absolute Rate Loan, (y) the date of such Loan (which shall be a Business Day) and the aggregate principal amount thereof which shall be in a minimum principal amount of $5,000,000 and in an integral multiple of $1,000,000, and (z) the Interest Period with respect thereto (which may not end after the Revolving Credit Maturity Date).

  • Notwithstanding the foregoing, no Lender shall be entitled to request compensation under this Section 3.03(c) with respect to any Eurodollar Competitive Loan if it shall have had actual knowledge of the change giving rise to such request at the time of submission of the relevant Competitive Bid, unless notice of such Lender's entitlement to such compensation shall have been furnished to the Borrower at or prior to such time.

  • The Loans comprising each Eurodollar Borrowing shall bear interest at a rate per annum equal to (i) in the case of a Eurodollar Syndicated Loan, the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing PLUS the Applicable Rate, or (ii) in the case of a Eurodollar Competitive Loan, the LIBO Rate for the Interest Period in effect for such Borrowing PLUS (or MINUS, as applicable) the Margin applicable to such Loan.

  • The Loans comprising each Eurodollar Borrowing shall bear interest at a rate per annum equal to (i) in the case of a Eurodollar Revolving Loan, the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus the Applicable Rate, or (ii) in the case of a Eurodollar Competitive Loan, the LIBO Rate for the Interest Period in effect for such Borrowing plus (or minus, as applicable) the Margin applicable to such Loan.

  • The Loans comprising each Eurodollar Borrowing shall bear interest (i) in the case of a Eurodollar Revolving Loan, at the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus the Applicable Margin, or (ii) in the case of a Eurodollar Competitive Loan, at the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus (or minus, as applicable) the Margin applicable to such Loan.

  • In order to request Competitive Bids, the Company shall hand deliver or telecopy to the Agent a duly completed Competitive Bid Request in the form of Exhibit A-1 hereto, to be received by the Agent (i) in the case of a Eurodollar Competitive Loan, not later than 12:00 noon, Philadelphia time, four Business Days before the proposed Borrowing Date and (ii) in the case of a Fixed Rate Loan, not later than 11:00 a.m., Philadelphia time, one Business Day before the proposed Borrowing Date.

  • Each Competitive Bid by a Lender must be in a form approved by the Administrative Agent and must be received by the Administrative Agent by telecopy or electronic mail, in the case of a Eurodollar Competitive Loan, not later than 9:30 a.m., New York City time, three Business Days before the proposed borrowing date of such Competitive Loan, and in the case of a Fixed Rate Loan, not later than 9:30 a.m., New York City time, one Business Day before the proposed borrowing date of such Competitive Loan.

  • No Fixed Rate Loan or Eurodollar Competitive Loan shall be requested or made pursuant to a Committed Borrowing Request.


More Definitions of Eurodollar Competitive Loan

Eurodollar Competitive Loan means any Competitive Loan which is a Eurodollar Loan.
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Eurodollar Competitive Loan means a Competitive Loan that bears interest by reference to LIBOR and in the manner set forth in Section 3.03.
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Eurodollar Competitive Loan a Competitive Loan the rate of interest applicable to which is based upon the Eurodollar Rate.
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Eurodollar Competitive Loan any Competitive Loan bearing interest at a rate determined by reference to the Eurodollar Rate. “Eurodollar Loan”: any Eurodollar Competitive Loan, Eurodollar Revolving Credit Loan or Eurodollar Term Loan. “Eurodollar Rate”: with respect to any Eurodollar Borrowing for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to (a) the Eurodollar Base Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate. “Eurodollar Revolving Credit Loan”: any Five-Year Loan bearing interest at a rate determined by reference to the Eurodollar Rate. “Eurodollar Term Loan”: any Term Loan, New Term Loan or New Term III Loan bearing interest at a rate determined by reference to the Eurodollar Rate. “Event of Default”: any of the Events of Default specified in Section 7.1 of this Agreement. “Excluded Swap Obligation”: with respect to any Loan Party, any Swap Obligation, if, and to the extent that, and only for so long as, all or a portion of the guarantee of any Loan Party of, or the grant by such Loan Party of a security interest to secure, as applicable, such Swap Obligation (or any guarantee thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Loan Party’s failure to constitute an “eligible contract participant” as defined in the Commodity Exchange Act and the regulations thereunder, at the time the guarantee of (or grant of such security interest by, as applicable) such Loan Party becomes or would become effective with respect to such Swap Obligation. If a Swap Obligation arises under a master agreement governing more than one
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Eurodollar Competitive Loan any Competitive Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.
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Eurodollar Competitive Loan means any Competitive Loan bearing interest at a rate determined by reference to the IBO Rate in accordance with the provisions of Article II.
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Related to Eurodollar Competitive Loan

  • Competitive Loan means a Loan made pursuant to Section 2.04.

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • Eurodollar Period means, as to each Eurodollar Rate Loan, the period commencing on the date specified by Borrower pursuant to Section 2.1(b) and ending 1, 2, 3 or 6 months (or, with the written consent of all of the Lenders, any other period) thereafter, as specified by Borrower in the applicable Request for Loan; provided that:

  • Eurodollar 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.

  • 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.

  • 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.

  • 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 Interest Period or "Interest Period" shall mean, with respect to a Eurodollar Loan, a period of one, two, three or six months commencing on a Business Day selected by the Borrowers pursuant to this Agreement. Such Eurodollar Interest Period shall end on the day which corresponds numerically to such date one, two, three or six months thereafter, provided, however, that if there is no such numerically corresponding day in such next, second, third or sixth succeeding month, such Eurodollar Interest Period shall end on the last Business Day of such next, second, third or sixth succeeding month. If a Eurodollar Interest Period would otherwise end on a day which is not a Business Day, such Eurodollar Interest Period shall end on the next succeeding Business Day, provided, however, that if said next succeeding Business Day falls in a new calendar month, such Eurodollar Interest Period shall end on the immediately preceding Business Day.

  • Bid Loan has the meaning specified in Section 2.03(a).

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

  • Eurodollar Loan means a Loan bearing interest based at a rate determined by reference to the Eurodollar Rate.

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

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

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

  • LIBOR Loan means any portion of a Loan (other than a Base Rate Loan) bearing interest at a rate based on LIBOR.