Multicurrency Advance definition

Multicurrency Advance means a borrowing by a Borrower hereunder (i) made by the applicable Lenders to the same Borrower on the same Borrowing Date or (ii) converted or continued by the applicable Lenders on the same date of conversion or continuation, consisting, in either case, of the aggregate amount of the several Eurocurrency Loans in the same Agreed Currency and for the same Interest Period.
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Multicurrency Advance means a borrowing hereunder (or continuation or a conversion thereof) consisting of the several Multicurrency Loans made on the same Borrowing Date (or date of conversion or continuation) by the Lenders to a Borrower of the same Type and for the same Interest Period.
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Multicurrency Advance means an Advance denominated in Dollars or an Agreed Foreign Currency.
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Examples of Multicurrency Advance in a sentence

  • Each Multicurrency Advance (which excludes Alternate Currency Loans) hereunder shall consist of Multicurrency Loans made from the several Multicurrency Lenders ratably in proportion to such Multicurrency Lenders’ respective Available Multicurrency Commitment divided by the aggregate Available Multicurrency Commitments of all Multicurrency Lenders at such time, and each Dollar Advance hereunder shall consist of Dollar Loans made from the Lenders ratably according to their Dollar Commitment Percentage.

  • The failure to record the date, amount, Interest Period or interest rate with respect to any Multicurrency Advance of this schedule shall not, however, limit or otherwise affect the obligations of Borrower under this Note to repay the principal amount of the Multicurrency Advances together with all interest accruing thereon.

  • The failure to record the date, amount, Interest Period or interest rate with respect to any Multicurrency Advance of this schedule shall not, however, limit or otherwise affect the obligations of Borrower under this Note to repay the principal amount of the Multi currency Advances together with all interest accruing thereon.

  • The unpaid principal amount of each Multicurrency Advance shall bear interest prior to the Payment Date for such Multicurrency Advance at a rate per annum equal to the Interbank Rate in effect for each Interest Period applicable to such Multicurrency Advance plus .75% per annum.

  • Each Multicurrency Advance shall be in a minimum amount equivalent to U.S.$500,000.

  • The Bank may furnish any information concerning Borrowers in the possession of the Bank from time to time to assignees of the right of the Bank hereunder and to participants In any Multicurrency Advance (including prospective assignees and participants) and may furnish information in response to credit inquiries consistent with general banking practice.

  • Before and after giving effect to the Multicurrency Advance, no Event of Default or Unmatured Event of Default shall have occurred and be continuing.

  • Accrued interest on each Multicurrency Advance shall be payable on the last day of each Interest Period with respect thereto and on the Payment Date for such Multicurrency Advance and if the Interest Period is in excess of 3 months, on a date three months after the commencement of the Interest Period.

  • Each Multicurrency Advance shall be made upon telephonic notice from an Authorized Guarantor officer actually received by the Bank prior to 9:00 a.m., Chicago time, at least two (2) Banking Days prior to such requested Multicurrency Advance.

  • Each Multicurrency Advance shall be in a minimum amount of the equivalent of U.S. $250,000 or an integral multiple of $100,000 in excess thereof (as determined as of the date of such Advance in the manner specified in Section 2.4.


More Definitions of Multicurrency Advance

Multicurrency Advance means a borrowing hereunder (or continuation or a conversion thereof) consisting of the several Multicurrency Loans made on the same Borrowing Date (or date of conversion or continuation) by the Lenders to a Borrower of the same Type, in the same Available Foreign Currency and for the same Interest Period.
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Multicurrency Advance means an Advance denominated in Dollars or an Agreed Foreign Currency made to the Borrower under this Agreement pursuant to Section 2.01(c).
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Multicurrency Advance means an advance in a Designated Currency by Bank to a Borrower under this Note, each of which shall bear interest at a rate determined with reference to the Interbank Rate.
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Multicurrency Advance means an Advance made or outstanding as Multicurrency Syndicated Loans bearing interest based on the Adjusted LIBO Rate or Adjusted Special LIBO Rate as provided in Section 3.03(a)(iii).
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Multicurrency Advance has the meaning specified in Section 2.01(d).
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Related to Multicurrency Advance

  • Multicurrency Loan means a Loan denominated in Dollars or an Agreed Foreign Currency.

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

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

  • Alternative Currency Term Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Term Rate.” All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency.

  • Alternative Currency Loan means an Alternative Currency Daily Rate Loan or an Alternative Currency Term Rate Loan, as applicable.

  • Alternative Currency Daily Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency.

  • Alternate Currency Loan means any Loan denominated in an Alternate Currency.

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

  • Revolving Advance has the meaning given in Section 2.1.

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

  • Letter of Credit Advance means an advance made by any Issuing Bank or any Lender pursuant to Section 2.03(c).

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

  • Euro-Dollar Loan means a Committed Loan that bears interest at a Euro-Dollar Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

  • 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.

  • Base Rate Loan means a Loan that bears interest based on the Base Rate.

  • Dollar Loan means a Loan denominated in Dollars.

  • 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.

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

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