Adjusted EURIBOR Rate means, with respect to any EURIBOR Borrowing for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/100 of 1%) equal to (a) the EURIBOR Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate. Notwithstanding the foregoing, in no event shall the Adjusted EURIBOR Rate at any time be less than 0.00% per annum.
Adjusted EURIBOR Rate means, with respect to any EURIBOR Borrowing for any Interest Period, an interest rate per annum (rounded upward, if necessary, to the nearest 1/100th of 1%) determined by the Administrative Agent to be equal to the sum of (a) (i) the EURIBOR Rate for such EURIBOR Borrowing in effect for such Interest Period divided by (ii) 1 minus the Statutory Reserves (if any) for such EURIBOR Borrowing for such Interest Period plus, (b) without duplication of any increase in interest rate attributable to Statutory Reserves pursuant to the foregoing clause (ii), the Mandatory Cost (if any).
Adjusted EURIBOR Rate means, with respect to each Interest Period for a EURIBOR Loan, the rate per annum determined by the Administrative Agent by dividing (x) the EURIBOR Rate by (y) a number equal to 1.00 minus the then stated Reserve Percentage; provided, that in no event shall the EURIBOR Rate (i) with respect to Term Loans made on the Closing Date be deemed to be less than 0.00% for the purposes of this Agreement and (ii) with respect to the Revolving Loans be deemed to be less than 0.00% for the purposes of this Agreement.
Examples of Adjusted EURIBOR Rate in a sentence
The applicable Base Rate, Adjusted EURIBOR Rate or Adjusted LIBOR Rate shall be determined by the Administrative Agent in accordance with the provisions of this Agreement and such determination shall be conclusive absent manifest error.
Subject to the provisions of Section 2.06(f), the Loans comprising each EURIBOR Borrowing, including each European Swingline Loan denominated in Euros, shall bear interest at a rate per annum equal to the Adjusted EURIBOR Rate for the Interest Period in effect for such Borrowing plus the Applicable Margin in effect from time to time.
Subject to the provisions of Section 2.06(f), the Loans comprising each EURIBOR Borrowing shall bear interest at a rate per annum equal to the Adjusted EURIBOR Rate for the Interest Period in effect for such Borrowing plus the Applicable Margin in effect from time to time.
The Market would be on Fridays, open around 10:00 and close by 17:00, this is the traditional Market Day and fits in with the other Towns referred to.
A local Doppler feedback associated with a 3000°F to 5000°F temperature rise is available for terminating the initial excursion.
More Definitions of Adjusted EURIBOR Rate
Adjusted EURIBOR Rate with respect to any Borrowing of Term Benchmark Loans denominated in Euro for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to (a) the EURIBOR Rate for such Interest Period multiplied by (b) the Statutory Reserves.
Adjusted EURIBOR Rate is defined in Section 1.4(c) hereof.
Adjusted EURIBOR Rate means, with respect to any Term Benchmark Borrowing denominated in Euros for any Interest Period, an interest rate per annum equal to (a) the EURIBOR Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate; provided that if the Adjusted EURIBOR Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement.
Adjusted EURIBOR Rate means, with respect to any Eurocurrency Borrowing denominated in Euros for any Interest Period, an interest rate per annum equal to the greater of (a) 0.75% and (b) the EURIBOR Rate in effect for such Interest Period.
Adjusted EURIBOR Rate with respect to any Euribor Rate denominated in the Optional Currency for any Interest Period, an interest rate per annum equal to (a) the Euribor Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate.
Adjusted EURIBOR Rate means, for any Borrowing of EURIBOR Loans, a rate per annum determined in accordance with the following formula:
Adjusted EURIBOR Rate means, with respect to any Advance denominated in Euros for any Interest Period, an interest rate per annum equal to (a) the EURIBOR Screen Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate; provided that if the Adjusted EURIBOR Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for purposes of this Agreement. “Adjusted Other Interest Rate” means, with respect to any Advance denominated in an Alternative Currency other than Euros, Swiss Francs, Yen or Sterling, an interest rate per annum equal to the Other Basic Interest Rate corresponding with such Alternative Currency and, if applicable, the Interest Period therefor multiplied by (b) the Statutory Reserve Rate therefor, if applicable, plus (c) any credit spread or similar adjustment applicable thereto; provided, that if the Adjusted Other Interest Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for purposes of this Agreement. “Adjusted Term SOFR Screen Rate” means, with respect to any Term SOFR Advance or Term SOFR Loan, in each case for any Interest Period, an interest rate per annum equal to the greater of (a) zero and (b) the sum of (i) the Term SOFR Screen Rate for such Interest Period, plus (ii) the SOFR Adjustment. “Xxxxxxxx XXXXX Xxxx” means, with respect to any Advance denominated in Yen for any Interest Period, an interest rate per annum equal to (a) the TIBOR Screen Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate; provided that if the Adjusted XXXXX Xxxx as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement. “Advance” means a borrowing hereunder, (i) made by some or all of the Banks on the same date on which Loans are made hereunder, or (ii) converted or continued by the Banks on the same date of conversion or continuation, consisting, in either case, of the aggregate amount of the several Loans of the same Type and currency and, in the case of Term SOFR Loans, EURIBOR Loans, XXXXX Xxxxx, and any applicable Other Interest Rate Loans (but excluding RFR Loans), for the same Interest Period, made by each of the Banks pursuant to Section 2.1. The term “Advance” shall include Swing Line Loans unless otherwise expressly provided. “Adverse Event” means the occurrence of any event that could have a material adverse effect on the business, operations, property, assets, ...