EURIBOR Rate Sample Clauses

The EURIBOR Rate clause defines how interest rates are determined based on the Euro Interbank Offered Rate (EURIBOR) for financial transactions or loan agreements. Typically, this clause specifies that the applicable interest rate will be calculated by referencing the published EURIBOR rate for a particular period, such as one, three, or six months, and may include an additional margin or spread. By clearly establishing the method for setting interest rates, this clause ensures transparency and predictability in interest calculations, reducing disputes and aligning both parties on the cost of borrowing.

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EURIBOR Rate. For any Interest Period with respect to a Eurocurrency Rate Loan denominated in Euros, a rate per annum equal to the quotient (rounded upwards to the next higher one-sixteenth of one percent) of (a) the per annum rate determined by the Administrative Agent to be the rate at which deposits in Euro for a period comparable to such Interest Period appear on the Reuters Screen EURIBOR01 as of 11:00 a.m., Brussels time, on the date that is two (2) TARGET Settlement Days preceding the first day of such Interest Period; provided, that if such rate does not appear on the Reuters Screen EURIBOR01, the EURIBOR Rate shall be an interest rate per annum equal to the arithmetic mean determined by the Administrative Agent of the rates per annum at which deposits in Euro are offered by the three (3) major banks in the euro-zone interbank market at approximately 11:00 a.m., Brussels time, on the day that is two (2) TARGET Settlement Days preceding the first day of such Interest Period to other leading banks in the euro-zone interbank market rate at which deposits in Euro are offered, adjusted for reserves, divided by (b) a number equal to 1.00 minus the Eurocurrency Reserve Requirement, if applicable. Euro or €. The euro referred to in the Council Regulation (EC) No. 1103/97 dated 17 June 1997 passed by the Council of the European Union, or, if different, the then lawful currency of the member states of the European Union that participate in the third stage of the Economic and Monetary Union.

EURIBOR Rate. For any Interest Period with respect to Term Benchmark Loans denominated in Euro, the euro interbank offered rate administered by the European Money Markets Institute (or any other Person which takes over the administration of that rate) for deposits in Euro and having a maturity approximately equal to the requested Interest Period displayed on page EURIBOR01 of the Reuters screen (or any successor service, or if such Person no longer reports such rate as determined by the Agent, by another commercially available source providing such quotations approved by the Agent) at approximately 11:00 a.m. (Brussels time) on the day that is two (2) Business Days prior to the first day of such Interest Period. In no event shall the EURIBOR Rate be less than zero. Euro or €. The single currency of the Participating Member States. Event of Default. See §12.1. Excluded Foreign Subsidiary. A business entity organized under the laws of any jurisdiction other than the laws of a State or Commonwealth of the United States or of the District of Columbia which indirectly owns Eligible Real Estate located in an Approved Foreign Country and which, in each case as determined by Agent in its reasonable discretion, (i) is prohibited from becoming a Guarantor by the terms of any agreement governing Non-Recourse Indebtedness owed to a non-affiliate permitted under this Agreement (or by the terms of the relevant organizational agreement or other governing document of the entity that is the borrower (or the direct parent of the borrower) under such Non-Recourse Indebtedness), (ii) is a Person for which becoming a Guarantor would violate or conflict with Applicable Law (including, without limitation, corporate benefit, financial assistance, fraudulent preference, thin capitalization rules and similar laws or regulations which limit the ability of such Person to provide a guaranty of the Obligations) or with any fiduciary duties of officers or directors of such Person, or (iii) is a Person with respect to which the cost of obtaining a Guaranty from such Person exceeds the practical benefit to the Lenders afforded thereby (including, without limitation, in the nature of stamp duties, notarization, registration or other costs that are disproportionate to the benefit afforded by such Person providing a Guaranty, or that cause such benefit to be otherwise unavailable in a practicable manner).

EURIBOR Rate. For any Interest Period with respect to a EURIBOR Rate Loan, the rate of interest equal to (i) the rate at which Euros are offered on Moneyline Telerate Page 248 (or

EURIBOR Rate. For any Interest Period with respect to LIBOR Rate Loans denominated in Euro, the euro interbank offered rate administered by the European Money Markets Institute (or any other Person which takes over the administration of that rate) for deposits in Euro and having a maturity approximately equal to the requested Interest Period displayed on page EURIBOR01 of the Reuters screen (or any successor service, or if such Person no longer reports such rate as determined by the Agent, by another commercially available source providing such quotations approved by the Agent) at approximately 11:00 a.m. (Brussels time) on the day that is two (2) LIBOR Business Days prior to the first day of such Interest Period. In no event shall the EURIBOR Rate be less than zero. Euro or €. The single currency of the Participating Member States. Event of Default. See §12.1.

EURIBOR Rate for any Interest Period, with respect to any extension of credit under this Agreement denominated in Euros, the rate per annum equal to the Euro Interbank Offered Rate (“EURIBOR”), as published on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by Agent from time to time) on the date that is two TARGET Days preceding the first day of such Interest Period with a term equivalent to such Interest Period, provided that if EURIBOR is less than zero, such rate shall be deemed to be zero for the purposes of this Agreement.

EURIBOR Rate. For any Interest Period with respect to a EURIBOR Rate Loan, the rate of interest equal to (i) the rate at which Euros are offered on Moneyline Telerate Page 248 (or any successor thereto) at approximately 11:00 a.m. (Central European time) on the date that is two (2) TARGET Settlement Days preceding the first day of such Interest Period. If the rate referenced in the preceding sentence does not appear on such page or service or such page or service shall not be available, "EURIBOR Rate" means the rate determined by the U.K. Agent to be the offered rate on such other page or other service that displays the percentage rate per annum determined by the Banking Federation of the European Union for deposits in Euros (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period, determined as of approximately 11:00 a.m. (London time) on the date that is two (2) TARGET Settlement Days preceding the first day of such Interest Period. If the rates referenced in the preceding two sentences are not available, "EURIBOR Rate" means an interest rate per annum equal to the arithmetic mean determined by the U.K. Agent (rounded upwards to the nearest 0.01%) of the rates per annum at which deposits in Euros are offered by the U.K. Agent and the Reference Banks in the European interbank market at approximately 11:00 a.m. (Central European time), on the day that is two (2) TARGET Settlement Days preceding the first day of such Interest Period to other leading banks in the European interbank market. For the purposes of this definition, "TARGET Settlement Day" means any day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET) System is open. EURIBOR Rate Loan. U.K. Loans denominated in Euros bearing interest calculated by reference to the EURIBOR Rate.