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Eurodollar
Eurodollar contract clause examples

Eurodollar Loans. If such Loan is a Eurodollar Loan, a rate per annum equal to the Eurodollar Rate for the Interest Period applicable thereto plus the Applicable Margin for Eurodollar Loans of the applicable Class, payable in arrears on the last day of such Interest Period, and, in the case of Interest Periods of greater than three months, on each Business Day which occurs at three month intervals from the first day of such Interest Period.

Eurodollar Loans. During the Forbearance Period, notwithstanding anything to the contrary contained in the Credit Agreement, no Loans shall be advanced, continued or converted as Eurodollar Loans.

Eurodollar Rate Loans. Notwithstanding any other provision of this Agreement, # the [[Organization A:Organization]] may only select Eurodollar Rate Loans in an aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and # there shall not at any time be more than five Borrowings having different Interest Periods.

Eurodollar Rate Advances. If such Advance is a Eurodollar Rate Advance, a rate per annum equal during the Interest Period for such Advance to the sum of the Eurodollar Rate for such Interest Period plus the per annum rate equal from time to time to the Credit Default Swap Spread, but not less than the Credit Default Rate Floor, nor more than the Credit Default Rate Cap, as set forth below opposite the higher of the ratings then applicable to the [[Organization A:Organization]]’s long-term senior unsecured debt as published by S&P and Moody’s:

If at any time the Administrative Agent determines (which determination shall be conclusive absent manifest error) that # the circumstances set forth in clause (a)(i) have arisen and such circumstances are unlikely to be temporary or # the applicable supervisor or administrator of LIBOR or a Governmental Authority having jurisdiction over the Administrative Agent has made a public statement identifying a specific date after which LIBOR shall no longer be made available or used for determining interest rates for loans (such specific date, the “LIBOR Scheduled Unavailability Date”), then the Administrative Agent and the Borrowers shall endeavor to select an alternate benchmark interest rate (including any credit spread or other adjustments to such alternate benchmark (if any) incorporated therein) to replace the Eurodollar Rate for purposes of this Agreement (such rate, the “Eurodollar Successor Rate”).

Offshore Base Rate” means, for such Rate Period:

Amendment to Definition of Eurodollar Base Rate. The definition of “Eurodollar Base Rate” set forth in Section 1.1 of the Credit Agreement is hereby amended by adding the following proviso to the end thereof:

Eurodollar Borrowing” means a Borrowing comprised of Eurodollar Loans.

Eurodollar Rate” means, # for any Interest Period with respect to any Eurodollar Rate Loan, a rate per annum determined by the applicable Administrative Agent to be equal to the quotient obtained by dividing # the Eurodollar Base Rate for such Eurodollar Rate Loan for such Interest Period by # one minus the Eurodollar Reserve Percentage for such Eurodollar Rate Loan for such Interest Period and # for any day with respect to any Base Rate Loan bearing interest at a rate based on the Eurodollar Rate, a rate per annum determined by the applicable Administrative Agent to be equal to the quotient obtained by dividing # the Eurodollar Base Rate for such Base Rate Loan for such day by # one minus the Eurodollar Reserve Percentage for such Base Rate Loan for such day.

It is understood and agreed that, with respect to any Eurodollar Rate Loan outstanding on the Amendment Closing Date, # such Eurodollar Rate Loan shall continue to bear interest at the Eurodollar Rate until the end of the current Interest Period applicable to such Eurodollar Rate Loan, and # any Eurodollar Rate-related provisions of the Existing Credit Agreement applicable to such Eurodollar Rate Loan are incorporated into the Amended Credit Agreement, mutatis mutandis, and the parties hereto hereby agree that such provisions shall continue to apply to such Eurodollar Rate Loan until the end of the current Interest Period applicable thereto.

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