Example ContractsClausesEurodollar Loans
Eurodollar Loans
Eurodollar Loans 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 Loans. Except as otherwise provided herein, a Eurodollar Rate Loan may be continued or converted only on the last day of an Interest Period for such Eurodollar Rate Loan. During the existence of a Default, no Loans may be requested as, converted to or continued as Eurodollar Rate Loans without the consent of the Required , and the Required may demand that any or all of the outstanding Eurodollar Rate Loans be converted immediately to Base Rate Loans.

Reserves on Eurodollar Rate Loans. The Borrowers shall pay to each Lender, as long as such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurodollar funds or deposits, additional interest on the unpaid principal amount of each Eurodollar Rate Loan equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which shall be due and payable on each date on which interest is payable on such Loan; provided that the Borrowers shall have received at least 10 days’ prior notice (with a copy to the Administrative Agent) of such additional interest from such Lender. If a Lender fails to give notice 10 days prior to the relevant Interest Payment Date, such additional interest shall be due and payable 10 days from receipt of such notice.

Notwithstanding any other provision herein, if any Change in Law or in the interpretation or application thereof occurring after the Closing Date shall make it unlawful for any [[Organization A:Organization]] to perform any of its obligations hereunder or make or maintain Eurodollar Loans, LIBOR Loans or Competitive Bid Loans as contemplated by this Credit Agreement, # such [[Organization A:Organization]] shall promptly give written notice of such circumstances to the Borrowers and the Administrative Agent (which notice shall be promptly withdrawn whenever such circumstances no longer exist), # the commitment of such [[Organization A:Organization]] hereunder to make Eurodollar Loans, LIBOR Loans or Competitive Bid Loans, continue Eurodollar Loans as such, convert a Base Rate Loan to Eurodollar Loans or LIBOR Loans, and convert a LIBOR Loan to Eurodollar Loans shall forthwith be cancelled and, until such time as it shall no longer be unlawful for such [[Organization A:Organization]] to make or maintain Eurodollar Loans or LIBOR Loans, such [[Organization A:Organization]] shall then have a commitment only to make a Base Rate Loan when a Eurodollar Loan or LIBOR Loan is requested and # such [[Organization A:Organization]]’s Loans then outstanding as Eurodollar Loans, LIBOR Loans or Competitive Bid Loans, if any, shall be converted automatically to Base Rate Loans on the respective last days of the then current Interest DB1/ 97661265.5

Eurodollar Revolving Facility Borrowing” shall mean a Borrowing comprised of Eurodollar Revolving Loans.

Eurodollar Loans”: Revolving Credit Loans hereunder at such time as they are made and/or are being maintained at a rate of interest based upon the Eurodollar Rate.

The Eurodollar Rate shall be adjusted automatically as of the effective date of any change in the Eurocurrency Reserve Requirements which affect Eurodollar Rate Loans to be made as of, and Base Rate Loans to be converted into Eurodollar Rate Loans, in any such case, at the beginning of the next applicable Interest Period.

Eurodollar Rate Loans

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