Alternative Currency Rate means the Alternative Currency Daily Rate or the Alternative Currency Term Rate, as applicable.
Alternative Currency Rate means, with respect to any Alternative Currency on any day, the sum of (a) the rate that represents the cost to Chase of overnight funds as of such day in the applicable Alternative Currency (in any currency market selected by Chase for the purpose of quoting such rate, regardless of whether Chase actually borrows funds in such market on such day) plus (b) the Applicable Rate with respect to Eurodollar Revolving Loans.
Examples of Alternative Currency Rate in a sentence
Notwithstanding anything to the contrary herein or in any other Loan Document, upon the occurrence of an Alternative Currency Benchmark Transition Event or an Alternative Currency Early Opt-in Election, as applicable, for any Alternative Currency Rate, Administrative Agent and the Borrowers may amend this Credit Agreement to replace such Alternative Currency Rate with a Benchmark Replacement with respect to all Credit Extensions denominated in the applicable Alternative Currency.
No replacement of an Alternative Currency Rate with a Benchmark Replacement pursuant to this Section 4.03(c) will occur prior to the applicable Alternative Currency Benchmark Transition Start Date.
Swingline Alternative Currency Loans shall bear interest at the applicable Swingline Alternative Currency Rate.
Each partial prepayment of principal on the Notes shall be applied, first, to that portion of such Notes bearing interest at the Base Rate, and, second, to that portion of such Notes bearing interest at a Eurodollar Rate or an Alternative Currency Rate, in inverse order of the maturities of the Interest Periods applicable thereto.
The portion of the outstanding balance of the Notes for which a Eurodollar Rate is requested (i) must be in the amount (as to all Notes combined) of $2,000,000 or an integral multiple of $500,000 greater than $2,000,000, and (ii) must on the first day of the applicable Interest Period, either (A) bear interest at the Floating Rate, or (B) bear interest at a Eurodollar Rate or Alternative Currency Rate with respect to which the Interest Period expires on such first day.
More Definitions of Alternative Currency Rate
Alternative Currency Rate means, for any Eurodollar Rate Loan denominated in Sterling, LIBOR, for any Eurodollar Rate Loan denominated in Canadian Dollars, the CDOR Rate, and for any Eurodollar Rate Loan denominated in Euros, the EURIBOR Rate, as applicable.
Alternative Currency Rate means, with respect to any Alternative Currency Funding, the annual rate equal to the sum of (i) the Alternative Currency Base Rate, and (ii) the applicable LIBO Rate Margin.
Alternative Currency Rate means, with respect to an Alternative Currency Loan that is (x) an Alternative Currency Daily Rate Loans, the Alternative Currency Daily Rate and (y) an Alternative Currency Term Rate Loan, the Alternative Currency Term Rate. [Credit Agreement]
Alternative Currency Rate means (a) in respect of Dollar Denominated Loans,Euro Denominated Loans, Sterling Denominated Loans, Australian Dollar Denominated Loans and Canadian Dollar Denominated Loans, the applicable Eurocurrency Rate and (b) in respect of Loans denominated in an Alternative Currency other than Dollars, Australian Dollars, Canadian Dollars, Euros and Pounds Sterling, a rate agreed to by the Borrower, the Administrative Agent and the Revolving Credit Lenders at the time that such Alternative Currency is approved in accordance with the definition thereof; provided that the Alternative Currency Rate shall never be deemed to be less than 0.00%.
Alternative Currency Rate means (a) in respect of Dollar Denominated Loans, Euro Denominated Loans, Sterling Denominated Loans, Australian Dollar Denominated Loans, Canadian Dollar Denominated Loans and Japanese Yen Denominated Loans, the applicable Eurocurrency Rate or Term SOFR, as applicable and (b) in respect of Loans denominated in an Alternative Currency other than Dollars, Australian Dollars, Canadian Dollars, Euros, Pounds Sterling and Japanese Yen, a rate agreed to by the Borrower, the Administrative Agent and the Revolving Credit Lenders at the time that such Alternative Currency is approved in accordance with the definition thereof; provided that the Alternative Currency Rate shall never be deemed to be less than 0.00%. “Alternative Currency Revolving Credit Loan” shall mean a Revolving Credit Loan denominated in an Alternative Currency. -6- #96562806v11
Alternative Currency Rate means the Alternative Currency Daily Rate or the Alternative Currency Term Rate, as applicable. With respect to any Alternative Currency Rate, the Administrative Agent will have the right to make Alternative Currency Conforming Changes from time to time and, notwithstanding anything to the contrary herein, in this Agreement or in any other Loan Document, any amendments implementing such Alternative Currency Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan Document; provided, that, with respect to any such amendment effected, the Administrative Agent shall post each such amendment implementing such Alternative Currency Conforming Changes to the Borrower and the Revolving Credit Lenders reasonably promptly after such amendment becomes effective. Notwithstanding the foregoing, if in connection with any request for an Alternative Currency Loan or a continuation of any of such Loans, as applicable, (A) the Administrative Agent determines (which determination shall be conclusive absent manifest error) that (x) no Successor Rate for the Relevant Rate for the applicable currency has been determined in accordance with clause (b) below and the circumstances under clause (b)(x) below or the Alternative Currency Scheduled Unavailability Date has occurred with respect to such Relevant Rate (as applicable), or (y) adequate and reasonable means do not otherwise exist for determining the Relevant Rate for the applicable currency for any determination date(s) or requested Interest Period, as applicable, with respect to a proposed Alternative Currency Loan, or (B) the Administrative Agent or the Required Revolving Credit Lenders determine that for any reason that the Relevant Rate with respect to a proposed Loan denominated in a currency for any requested Interest Period or determination date(s) does not adequately and fairly reflect the cost to such Lenders of funding such Revolving Credit Loan, the Administrative Agent will promptly so notify the Borrower and each Revolving Credit Lender. Thereafter, (x) the obligation of the Revolving Credit Lenders to make or maintain Revolving Credit Loans in the affected currencies, as applicable, shall be suspended in each case to the extent of the affected Alternative Currency Loans or Interest Period or determination date(s), as applicable, in each case until the Administrative Agent (or, in the case of a determination by the Required Revolving Cre...
Alternative Currency Rate means with respect to each Interest Period for any Alternative Currency Loan the rate of interest per annum equal to the quotient of (a) the rate of interest per annum (expressed as a whole number) at which deposits in the Alternative Currency in immediately available funds are offered to the Lender at approximately 11: 00 a.m. (London, England time) two Business Days prior to the beginning of such Interest Period in the interbank eurocurrency market for a period equal to such Interest Period and in an Alternative Currency amount equal or comparable to the principal amount of such Alternative Currency Loan, divided by (b) a number equal to 1.0 minus the daily average for the applicable Interest Period of the maximum rate (expressed as a decimal) at which reserves (including, without limitation, basic, supplemental, marginal and emergency reserves) are imposed during such Interest Period by the Board (or any successor) under Regulation D on "eurocurrency liabilities," as defined in such Board's Regulation D (or in respect of any other category of liabilities that includes deposits by reference to which the interest rate on the Alternative Currency Loans is determined by any category of extension of credit or other assets that includes loans by non-United States offices of any lender to United States residents) subject to any amendments of such reserve requirement by such Board or its successor, taking into account any transitional adjustments thereto (such Alternative Currency Rate to be adjusted to the next higher 1/16 of one percent). For purposes of this definition, the Alternative Currency Loans shall be deemed to be "eurocurrency liabilities" as defined in Regulation D.