Reserve Adjusted Eurodollar Rate means, with respect to each day during each Interest Period pertaining to a Eurodollar Rate Loan, a rate per annum determined for such day in accordance with the following formula: Eurodollar Base Rate
Reserve Adjusted Eurodollar Rate means, with respect to any Eurodollar Borrowing for any Interest Period, a rate per annum equal to the greater of (a) in respect of Term Loans (other than Other Term Loans, Refinancing Term Loans or Extended Term Loans), 1.00% and, in respect of Other Term Loans, Refinancing Term Loans, Refinancing Revolving Loans or Extended Loans, any applicable “floor” set forth in the documentation establishing such Loans and (b) the product of (i) the Eurodollar Rate in effect for such Interest Period and (ii) Statutory Reserves.
Reserve Adjusted Eurodollar Rate means, with respect to any Eurodollar Borrowing for any Interest Period, a fluctuating rate per annum equal to the product of (i) the Eurodollar Rate in effect for such Interest Period and (ii) Statutory Reserves.
Examples of Reserve Adjusted Eurodollar Rate in a sentence
Subject to the provisions of subsections 2.6 and 2.7, each Term Loan and each Revolving Loan shall bear interest on the unpaid principal amount thereof from the date made to maturity (whether by acceleration or otherwise) at a rate determined by reference to the Base Rate or the Reserve Adjusted Eurodollar Rate, as the case may be.
Subject to the provisions of Sections 2.2E, 2.6 and 2.7, each Loan shall bear interest on the unpaid principal amount thereof from the date made to maturity (whether by acceleration or otherwise) at a rate determined by reference to the Base Rate, the Canadian Prime Rate, the CDOR Rate or the Reserve Adjusted Eurodollar Rate, as the case may be.
Subject to the provisions of Sections 2.2E, 2.6 and 2.7, each Loan shall bear interest on the unpaid principal amount thereof from the date made to maturity (whether by acceleration or otherwise) at a rate determined by reference to the Base Rate or the Reserve Adjusted Eurodollar Rate, as the case may be.
Subject to the provisions of subsections 2.6 and 2.7, each Term Loan shall bear interest on the unpaid principal amount thereof from the date made to maturity (whether by acceleration or otherwise) at a rate determined by reference to the Base Rate or the Reserve Adjusted Eurodollar Rate, as the case may be.
Subject to the provisions of subsections 2.4E, 2.8 and 2.9, each Loan shall bear interest on the unpaid principal amount thereof from the date made to maturity (whether by acceleration or otherwise) at a rate determined by reference to the Reserve Adjusted Eurodollar Rate.
More Definitions of Reserve Adjusted Eurodollar Rate
Reserve Adjusted Eurodollar Rate with respect to any Eurodollar Rate Loan Portion for any Interest Period, a rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) determined pursuant to the following formula: Reserve Adjusted = Eurodollar Rate -------------------------------------------- Eurodollar Rate 1 - Eurocurrency Reserve Percentage "RESTRICTED ACCOUNT AND SECURITY AGREEMENT" -- the Restricted Account and Security Agreement of even date herewith by and between the Bank, the Bailee and the Borrower.
Reserve Adjusted Eurodollar Rate means, with respect to each day during each Interest Period pertaining to a Eurodollar Rate Loan, a rate per annum determined for such day in accordance with the following formula: Eurodollar Base Rate 1.00 - Eurocurrency Reserve Requirements
Reserve Adjusted Eurodollar Rate with respect to any Eurodollar Rate Loan Portion for any Interest Period, a rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) determined pursuant to the following formula: Reserve Adjusted Eurodollar Rate Eurodollar Rate = ----------------------------------- 1 - Eurocurrency Reserve Percentage "RESTRICTED ACCOUNT AND SECURITY AGREEMENT" -- the Restricted Account and Security Agreement of even date herewith by and between the Bank and the Borrower. "RESTRICTED ACCOUNT BALANCE" -- the sum of all Cash and Cash Equivalents and any other investments on deposit in the Custodian Account, the amount of such Cash Equivalents or investments to be calculated at the lower of cost or market value. 44 "SARA" -- is defined in Subsection 3.16(a).
Reserve Adjusted Eurodollar Rate means, for any Interest Period, the rate per annum obtained by dividing (i) One-Month LIBOR for such Interest Period by (ii) a percentage equal to 100%, minus the stated maximum rate of all reserve requirements (including any marginal, emergency, supplemental, special or other reserves) applicable on such second preceding Business Day to any member bank of the Federal Reserve System in respect of "Eurocurrency liabilities" as defined in Regulation D of the Federal Reserve Board (or any successor category of liabilities under Regulation D); provided that Trustee shall rely upon notification from the Agent, in accordance with Section 10.14 of the Certificate Purchase Agreement, as to the applicable stated maximum rate contemplated by clause (ii).
Reserve Adjusted Eurodollar Rate will have the meaning customary and appropriate for financings of this type, and the basis for calculating accrued interest and the interest periods for loans bearing interest at the reserve Adjusted Eurodollar Rate will be customary and appropriate for financings of this type. After the occurrence and during the continuance of an Event of Default, interest on all overdue amounts then outstanding will accrue at a rate equal to the applicable rate set forth above, plus an additional two percentage points (2.00%) per annum and will be payable on demand. Amortization: None. Funding Protection: Customary for transactions of this type, including breakage costs, gross-up for withholding, compensation for increased costs and compliance with capital adequacy and other regulatory restrictions. Mandatory Prepayment: Prior to the Incremental Conversion Date and to the extent permitted by the Existing Credit Agreement, an amount equal to the amount of the net cash proceeds to the Borrower, Parent or any subsidiary of Parent (including Target) from (a) any direct or indirect public offering or private placement of any debt or equity or equity-linked securities (other than issuances pursuant to employee stock plans), (b) any future bank borrowings (except borrowings under the Existing Credit Agreement and under ordinary course local credit lines) and (c) subject to certain ordinary course exceptions and reinvestment rights, any future asset sales or receipt of casualty insurance proceeds will be used to repay the Incremental Bridge Loans, as a result of an asset sale or receipt of insurance proceeds, in each case at 100% of the principal amount of the Incremental Bridge Loans prepaid plus accrued interest to the date of prepayment. Any proceeds from the sale of Incremental Takeout Debt (as defined in the Fee Letters) funded or purchased by a Lender or one or more of its affiliates will be applied, first, to refinance the Incremental Bridge Loans held at that time by such Lender, and second, in accordance with the pro rata provisions otherwise applicable to prepayments. Except as set forth in the immediately preceding sentence, mandatory prepayments of the Incremental Bridge Loans shall be applied ratably among the outstanding Incremental Bridge Loans. Nothing in these mandatory prepayment provisions will restrict or prevent any holder of Incremental Bridge Loans from exchanging Incremental Bridge Loans for Incremental Exchange Notes on or after the first anniversary of ...
Reserve Adjusted Eurodollar Rate will have the meaning customary and appropriate for financings of this type, and the basis for calculating accrued interest and the interest periods for loans bearing interest at the reserve Adjusted Eurodollar Rate will be customary and appropriate for financings of this type. As used herein, the term “Adjusted EURIBOR” is the London interbank offered rate for Euro deposits for purposes of providing quotations of interest rates applicable to Euro deposits in the London interbank market, and the basis for calculating accrued interest and the interest periods for loans bearing interest at the Adjusted EURIBOR Rate will be customary and appropriate for financings of this type. After the occurrence and during the continuance of an Event of Default, interest on all overdue amounts then outstanding will accrue at a rate equal to the applicable rate set forth above, plus an additional two percentage points (2.00%) per annum and will be payable on demand.
Reserve Adjusted Eurodollar Rate means, for any Interest Period, the rate per annum obtained by dividing (i) One-Month LIBOR for such Interest Period by (ii) a percentage equal to 100%, minus the stated maximum rate of all reserve requirements (including any marginal, emergency, supplemental, special or other reserves) applicable on such second preceding Business Day to any member bank of the Federal Reserve System in respect of "Eurocurrency liabilities" as defined in Regulation D of the Federal Reserve Board (or any successor category of liabilities under Regulation D).