Ameribor Rate definition
Ameribor Rate means the 30 day American Interbank Offered Rate Term-30 index (“Ameribor”) which is published for loans in United States Dollars by the American Financial Exchange and is obtained by Administrative Agent from Bloomberg Financial Services System with the code AMBOR30T (or, if no longer available, any similar or successor publication selected by Administrative Agent). The Index Rate based on the Benchmark Replacement shall initially be determined on the first Determination Date following the Benchmark Replacement Date and shall thereafter be adjusted on each subsequent Determination Date to be the applicable Benchmark Replacement determined by Administrative Agent to be in effect on such date. If the Benchmark Replacement as determined pursuant to this section would be less than 50 basis points, the Benchmark Replacement will be deemed to equal 50 basis points for the purposes of this Agreement and the other Loan Documents. In connection with the implementation of a Benchmark Replacement, Administrative Agent will have the right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Benchmark Replacement Conforming Changes will become effective without any further action or consent of Borrower or Lenders.
Ameribor Rate means the 30 day American Interbank Offered Rate Term-30 Index (“Ameribor”) which is published for loans in United States Dollars by the American Financial Exchange and is obtained by Lender from Bloomberg Financial Services Systems with the code AMBOR30T (or, if no longer available, any similar or successor publication selected by Lender). The Ameribor Rate shall initially be determined on the date that is two U.S. Government Securities Business Days immediately before the date of this Agreement and shall thereafter be adjusted monthly on the first day of each calendar month to be the Ameribor Rate determined by Lender to be in effect on the date that is two U.S. Government Securities Business Days prior to the first day of each calendar month. “U.S. Government Securities Business Day” means any day except for (i) a Saturday, (ii) a Sunday or (iii) a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government securities. If Lender determines (which determination shall be conclusive absent manifest error) that either of the following has occurred: (i) Ameribor ceases to exist or is no longer available; or (ii) a public announcement by the regulatory supervisor for the administrator of Ameribor, or a determination made by L▇▇▇▇▇, that Ameribor is no longer representative, then commencing on the next reset date, the interest rate hereunder shall be replaced with such alternate base rate and spread (collectively, “Benchmark Replacement”) as Lender determines in its sole discretion to be most comparable to the then-current interest rate. If the Benchmark Replacement as determined pursuant to this paragraph would be less than the Floor, the Benchmark Replacement will be deemed to be the Floor for the purposes of this Note and the other Loan Documents. DOCPROPERTY "DocID" \* MERGEFORMAT DMFIRM #408860462 v6 7