Common use of Reserve Rate Clause in Contracts

Reserve Rate. The rate, expressed as a decimal, at which the Banks would be required to maintain reserves under Regulation D of the Board of Governors of the Federal Reserve System (or any subsequent or similar regulation relating to such reserve requirements) against "Eurocurrency Liabilities" (as such term is defined in Regulation D), or against any other category of liabilities which might be incurred by the Banks to fund Revolving Credit Loans bearing interest based on the Eurodollar Rate, if such liabilities were outstanding.

Reserve Rate. The For purposes relating to the computation of the Reserve Charge, the rate, expressed as a decimal, decimal at which the Banks any Bank would be required to maintain reserves under Regulation D of the Board of Governors of the Federal Reserve System (or any subsequent or similar regulation relating to such reserve requirements) against "Eurocurrency Liabilitiesliabilities" (as such term is defined in Regulation D), or against any other category of liabilities which might be incurred by the Banks to fund Revolving Credit Loans bearing interest based on the Eurodollar Rate, ) if such liabilities were outstanding.

Reserve Rate. The rate, expressed as a decimal, at which the Banks would be required to maintain reserves under Regulation D of the Board of Governors of the Federal Reserve System (or any subsequent or similar regulation relating to such reserve requirements) against "Eurocurrency Liabilities" (as such term is defined in Regulation D), or against any other category of liabilities which might be incurred by the Banks to fund Revolving Credit Loans bearing interest based on the Eurodollar RateLoans, if such liabilities were outstanding. The Reserve Rate shall be adjusted automatically on and as of the effective date of any change in the Reserve Rate.