Sterling definition
Examples of Sterling in a sentence
Revolving Credit Loans denominated in an Alternative Currency other than Euros and Sterling shall bear interest at a rate as set forth in Section 2.08(a)(i)(z).
All computations of interest on Base Rate Loans calculated by reference to the Prime Rate and Loans denominated in Sterling shall be made on the basis of a year of 365 days or 366 days, as the case may be, and actual days elapsed.
Solely with respect to the Revolving Credit Loans, if the applicable Borrower fails to specify a Type of Loan in a Committed Loan Notice, then the applicable Loans shall be made as (x) in the case of Loans denominated in Dollars, SOFR Loans with an Interest Period of one (1) month, (y) in the case of Loans denominated in Euros, EURIBOR Rate Loans with an Interest Period of one (1) month and (z) in the case of Loans denominated in Sterling, RFR Loans.
Revolving Credit Loans may be (i) with respect to Revolving Credit Loans denominated in Dollars, Base Rate Loans or SOFR Loans, (ii) with respect to Revolving Credit Loans denominated in Euros, EURIBOR Rate Loans, or (iii) with respect to Revolving Credit Loans denominated in Sterling, RFR Loans, in each case, as further provided herein.