Eurodollar Borrowings Sample Clauses
The Eurodollar Borrowings clause defines the terms under which a party may borrow funds denominated in U.S. dollars from banks outside the United States, typically in the international interbank market. This clause outlines the conditions, interest rates, and repayment obligations associated with such borrowings, and may specify eligible lenders or reference specific benchmark rates like LIBOR. Its core function is to provide a framework for accessing offshore dollar funding, thereby offering flexibility in financing and potentially more favorable borrowing terms than domestic alternatives.
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Eurodollar Borrowings.ĚýSubject to Section 10.13, the Revolving Loans comprising each Eurodollar Borrowing shall bear interest at the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus the Applicable Rate.
Eurodollar Borrowings.ĚýIf prior to the commencement of any Interest Period for a Eurodollar Borrowing:
Eurodollar Borrowings.ĚýThe Loans comprising each Eurodollar Borrowing shall bear interest at the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus the Applicable Rate.
Eurodollar Borrowings.ĚýEach Eurodollar Borrowing shall bear interest at the Fixed Rate for the Interest Period in effect for such Borrowing.
Eurodollar Borrowings.ĚýIf prior to the commencement of any Interest Period for a Eurodollar Borrowing:
(i) the Administrative Agent determines (which determination shall be conclusive absent manifest error) that adequate and reasonable means do not exist for ascertaining the Adjusted LIBO Rate for such Interest Period; or
(ii) the Administrative Agent is advised by the Required Lenders that dollar deposits in the London interbank market are not available in the amount of such Eurodollar Borrowing for such Interest Period; then the Administrative Agent shall give notice thereof to the U.S. Borrower and the affected Lenders by telecopy as promptly as reasonably practicable thereafter and, until the Administrative Agent notifies the U.S. Borrower and such Lenders that the circumstances giving rise to such notice no longer exist, (i) any Interest Election Request that requests the conversion of any Borrowing to, or continuation of any Borrowing as, a Eurodollar Borrowing shall be ineffective and (ii) if any Borrowing Request requests a Eurodollar Borrowing, such Borrowing shall be made as an ABR Borrowing.
Eurodollar Borrowings.ĚýEach Eurodollar Loan shall bear interest at a rate per annum equal to the Adjusted LIBO Rate for the Interest Period in effect for such Loan plus 4.5%.
Eurodollar Borrowings.ĚýThe Loans comprising each Eurodollar Borrowing shall bear interest at a rate per annum equal to (i) in the case of a Revolving Loan, the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus the Applicable Rate plus for any Commitment Utilization Day, the Applicable Additional Margin; (ii) in the case of a Term Loan, the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus the Applicable Rate, or (iii) in the case of a Competitive Loan, the LIBO Rate for the Interest Period in effect for such Borrowing plus (or minus, as applicable) the Margin applicable to such Loan.
Eurodollar Borrowings.ĚýThe Loans comprising each Eurodollar Borrowing shall bear interest at a rate per annum equal to (i) in the case of a Revolving Credit Loan, the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus the Applicable Rate; (ii) in the case of an Incremental Term Facility, the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus the Applicable Rate, or (iii) in the case of a Competitive Loan, the LIBO Rate for the Interest Period in effect for such Borrowing plus (or minus as applicable) the Margin applicable to such Loan.
Eurodollar Borrowings.ĚýNotwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date.
Eurodollar Borrowings.ĚýTo facilitate the inclusion of the Incremental Term Loans, when made, in each outstanding Term Borrowing, the Borrower and the Incremental Term Lender hereby agree pursuant to Section 2.24(d) of the Credit Agreement that the Incremental Term Loans made hereunder will be allocated ratably to each outstanding Eurodollar Term Borrowing for purposes of determining the initial interest rate thereon, in each case notwithstanding any contrary provision of the Credit Agreement. After giving effect to the last sentence in Section 2.24(d), to give effect to the making of the Incremental Term Loans hereunder and the treatment thereof as “Term Loansâ€� for all purposes of the Credit Agreement, the table in Section 2.11(a) of the Credit Agreement shall be as set forth below: Repayment Date Amount December 31, 2004 $ 180,000 March 31, 2005 $ 180,000 June 30, 2005 $ 360,000 September 30, 2005 $ 360,000 December 31, 2005 $ 360,000 March 31, 2006 $ 360,000 June 30, 2006 $ 530,000 September 30, 2006 $ 655,000 December 31, 2006 $ 655,000 March 31, 2007 $ 692,500 June 30, 2007 $ 692,500 September 30, 2007 $ 692,500 December 31, 2007 $ 692,500 March 31, 2008 $ 692,500 June 30, 2008 $ 692,500 September 30, 2008 $ 692,500 December 31, 2008 $ 67,128,125 March 31, 2009 $ 67,128,125 June 30, 2009 $ 67,128,125 Term Loan Maturity Date $ 67,128,125