Eurocurrency Advance definition

Eurocurrency Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurocurrency Rate.
Eurocurrency Advance means a US Advance or a Canadian Advance that bears interest based upon the Eurocurrency Rate.
Eurocurrency Advance means a Multicurrency Advance which bears interest at the Eurocurrency Rate.

Examples of Eurocurrency Advance in a sentence

  • The Administrative Agent will notify each Lender of the Eurocurrency Rate applicable to each Eurocurrency Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Rate.

  • Each Alternate Base Rate Advance shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is converted from a Eurocurrency Advance into an Alternate Base Rate Advance pursuant to Section 2.9, to but excluding the date it is paid or is converted into a Eurocurrency Advance pursuant to Section 2.9 hereof, at a rate per annum equal to the Alternate Base Rate for such day.

  • The Borrowers may from time to time pay, subject to the payment of any funding indemnification amounts required by Section 3.4 but without penalty or premium, all outstanding Eurocurrency Advances, or, in a minimum aggregate amount of the Borrowing Minimum or any integral multiple of the Borrowing Multiple in excess thereof, any portion of an outstanding Eurocurrency Advance, upon two (2) Business Days’ prior notice to the Administrative Agent.

  • Each Eurocurrency Advance shall bear interest on the outstanding principal amount thereof from and including the first day of the Interest Period applicable thereto to (but not including) the last day of such Interest Period at the Eurocurrency Rate determined by the Administrative Agent as applicable to such Eurocurrency Advance based upon the applicable Borrower’s selections under Sections 2.8 and 2.9 and otherwise in accordance with the terms hereof.

  • The applicable Borrower shall select the Type of Advance and, in the case of each Eurocurrency Advance, the currency and Interest Period applicable thereto from time to time.


More Definitions of Eurocurrency Advance

Eurocurrency Advance means any Eurocurrency Rate Advance or Eurocurrency Bid Rate Advance for any Advance in any Agreed Currency other than Euro.
Eurocurrency Advance or “Eurocurrency Loan” means an Advance or Loan which, except as otherwise provided in Section 2.11, bears interest based on the applicable Eurocurrency Rate. Eurocurrency Advances and Eurocurrency Loans that are (i) Revolving Borrowings shall be denominated in Dollars or a Foreign Currency or (ii) Swingline Borrowing shall be denominated in Euros. All Revolving Loans denominated in a Foreign Currency must be Eurocurrency Loans.
Eurocurrency Advance means an US Advance or a Canadian Advance that bears interest based upon the Eurocurrency Rate (other than Advances that bear interest based upon the Daily One Month LIBOR).
Eurocurrency Advance means an Advance comprised of Eurocurrency Loans.
Eurocurrency Advance means an Advance denominated in Dollars or in an Alternative Currency which bears interest as provided in SECTION 2.07(c).
Eurocurrency Advance means an Advance which bears interest at the applicable Eurocurrency Rate. “Eurocurrency Loan” means a Loan which bears interest at the applicable Eurocurrency Rate.
Eurocurrency Advance. An Advance with respect to which the interest rate is determined by reference to the Adjusted Eurocurrency Rate.