Base Eurocurrency Rate means, with respect to any Eurodollar Interest Period applicable to a Borrowing of Eurodollar Rate Loans, the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) appearing on Telerate Page 3750 (or any successor page) as the London interbank offered rate for deposits in U.S. Dollars or the Alternative Currency at approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period for a term comparable to such Eurodollar Interest Period. If for any reason such rate is not available, the term “Base Eurocurrency Rate” shall mean, for any Eurodollar Interest Period therefor, the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) appearing on Reuters Screen LIBOR01 Page as the London interbank offered rate for deposits in U.S. Dollars or the Alternative Currency at approximately 11:00 a.m. (London time) two Business Days prior to the first Day of such Eurodollar Interest Period; provided, however, if more than one rate is specified on Reuters Screen LIBO Page, the applicable rate shall be the arithmetic mean of all such rates.
Base Eurocurrency Rate means, with respect to (A) any Borrowing of Eurodollar Rate Loans in any LIBOR Quoted Currency and for any applicable Interest Period, the London interbank offered rate administered by the ICE Benchmark Administration (or any other Person that takes over the administration of such rate) for such LIBOR Quoted Currency for a period equal in length to such Interest Period as displayed on pages LIBOR01 or LIBOR02 of the Reuters screen that displays such rate (or, in the event such rate does not appear on either of such Reuters pages, on any successor or substitute page on such screen that displays such rate, or on the appropriate page of such other information service that publishes such rate as shall be selected by the Administrative Agent from time to time in its reasonable discretion (the “LIBOR Screen Rate”)) as of the Specified Time on the Quotation Day for such Interest Period and (B) any Borrowing of Eurodollar Rate Loans denominated in any Non-Quoted Currency and for any applicable Interest Period, the applicable Local Screen Rate for such Non-Quoted Currency as of the Specified Time on the Quotation Day for such currency and Interest Period; provided that if the LIBOR Screen Rate or Local Screen Rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement; and provided further, that, if a LIBOR Screen Rate or a Local Screen Rate, as applicable, shall not be available at the applicable time for the applicable Interest Period (the “Impacted Interest Period”), then the Base Eurocurrency Rate for such currency and Interest Period shall be the Interpolated Rate, subject to Section 5.2(d); provided that if any Interpolated Rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.
Base Eurocurrency Rate means, with respect to any Borrowing of Eurodollar Rate Loans in Dollars and for any applicable Interest Period, the London interbank offered rate or comparable successor rate approved by the Administrative Agent for Dollars for a period equal in length to such Interest Period as published on the applicable Bloomberg screen page (or, in the event such rate does not appear on such Bloomberg page, on any successor or substitute page on such screen that displays such rate, or on the appropriate page of such other information service that publishes such rate as shall be selected by the Administrative Agent from time to time in its reasonable discretion (the “LIBOR Screen Rate”)) as of the Specified Time on the Quotation Day for such Interest Period; provided that if such rate is less than zero<0.50%>, such rate shall be deemed to be zero<0.50%> for purposes of this Agreement; and provided further that to the extent a comparable or successor rate is approved by the Administrative Agent in connection herewith, the approved rate shall be applied in a manner consistent with market practice; provided, further that to the extent such market practice is not administratively feasible for the Administrative Agent, such approved rate shall be applied in a manner as otherwise reasonably determined by the Administrative Agent.
Examples of Base Eurocurrency Rate in a sentence
Each Swingline Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Swingline Loan is made until the date it is repaid, at a rate per annum equal to (A) the Federal Funds Rate, in the case of a Swingline Loan denominated in Dollars; or (B) the Base Eurocurrency Rate for an overnight borrowing, in the case of an Alternative Currency Swingline Loan denominated in Euros or Yen, in each case plus the Applicable Margin for Eurodollar Rate Loans for such day.
During any Benchmark Unavailability Period, the component of Base Rate based upon Base Eurocurrency Rate will not be used in any determination of Base Rate.
Each Swingline Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Swingline Loan is made until the date it is repaid, at a rate per annum equal to (A) the Federal Funds Rate, in the case of a Swingline Loan denominated in Dollars or (B) the Base Eurocurrency Rate for an overnight borrowing, in the case of an Alternative Currency Swingline Loan denominated in Euros or Yen, in each case plus the Applicable Margin for Eurodollar Rate Loans for such day.
More Definitions of Base Eurocurrency Rate
Base Eurocurrency Rate means, with respect to any Borrowing of Eurodollar Rate Loans in Dollars and for any applicable Interest Period, the London interbank offered rate or comparable successor rate approved by the Administrative Agent for Dollars for a period equal in length to such Interest Period as published on the applicable Bloomberg screen page (or, in the event such rate does not appear on such Bloomberg page, on any successor or substitute page on such screen that displays such rate, or on the appropriate page of such other information service that publishes such rate as shall be selected by the Administrative Agent from time to time in its reasonable discretion (the “LIBOR Screen Rate”)) as of the Specified Time on the Quotation Day for such Interest Period; provided that if such rate is less than zero, such rate shall be deemed zero for purposes of this Agreement.
Base Eurocurrency Rate means, with respect to any Eurodollar Interest Period applicable to a Borrowing of Eurodollar Rate Loans, the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) appearing on Telerate Page 3750 (or any successor page) as the London interbank offered rate for deposits in U.S. Dollars or the Alternative Currency at approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period for a term comparable to such Eurodollar Interest Period. If for any reason such rate is not available, the term “London Interbank Offered Rate” shall mean, for any Eurodollar Interest Period therefor, the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) appearing on Reuters Screen LIBO Page as the London interbank offered rate for deposits in U.S. Dollars or the Alternative Currency at approximately 11:00 a.m. (London time) two Business Days prior to the first Day of such Eurodollar Interest Period; provided, h owever, if more than
Base Eurocurrency Rate means, with respect to a Eurocurrency Borrowing for the relevant Interest Period, the applicable London interbank offered rate for deposits denominated in the Eurocurrency requested in connection with that Eurocurrency Borrowing appearing on Dow Jonex Xxxkets (Telerate) Page 3750 (or the equivalent Reuters or Bloomberg pages) as of 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period (or, alternatively, on the first day of the Interest Period in the case of Eurocurrency Borrowings denominated in pounds sterling), and having a maturity equal to such Interest Period, provided that if such rate is not available from the above-referenced sources, then such rate shall be otherwise independently determined by the Eurocurrency Lending Installation from an alternate, substantially similar independent service available to the Eurocurrency Lending Installation or shall be calculated by the Eurocurrency Lending Installation by a substantially similar methodology as that theretofore used to determine the Base Eurocurrency Rate.
Base Eurocurrency Rate means, with respect to any Eurocurrency Rate Interest Period applicable to a Borrowing of Eurocurrency Rate Loans, an interest rate per annum determined by the Agent to be the average (rounded upward to the nearest whole multiple of one sixteenth of one percent (0.0625%) per annum, if such average is not such a multiple) of the rates per annum specified by notice to the Agent by Citibank as the rate per annum at which deposits in Dollars or in the relevant Alternative Currency are offered by the principal office of Citibank in London, England to prime banks in the London interbank market at approximately 11:00 a.m. (London time) on the Eurocurrency Interest Rate Determination Date for such Eurocurrency Rate Interest Period for a period equal to such Eurocurrency Rate Interest Period and in an amount substantially equal to the amount of the Eurocurrency Rate Loan to be outstanding to Citicorp for such Eurocurrency Interest Period.
Base Eurocurrency Rate means, with respect to (A) any Borrowing of Eurodollar Rate Loans in any LIBOR Quoted Currency and for any applicable Interest Period, the London interbank offered rate or comparable successor rate approved by the Administrative Agent for such LIBOR Quoted Currency for a period equal in length to such Interest Period as published on the applicable Bloomberg screen page (or, in the event such rate does not appear on such Bloomberg page, on any successor or substitute page on such screen that displays such rate, or on the appropriate page of such other information service that publishes such rate as shall be selected by the Administrative Agent from time to time in its reasonable discretion (the “LIBOR Screen Rate”)) as of the Specified Time on the Quotation Day for such Interest Period and (B) any Borrowing of Eurodollar Rate Loans denominated in any Non-Quoted Currency and for any applicable Interest Period, the applicable Local Screen Rate for such Non-Quoted Currency as of the Specified Time on the Quotation Day for such currency and Interest Period.
Base Eurocurrency Rate means, with respect to any Eurodollar Interest Period applicable to a Borrowing of Eurodollar Rate Loans, an interest rate per annum determined by the Payment and Disbursement Agent to be the rate per
Base Eurocurrency Rate means, with respect to any Eurodollar Interest Period applicable to a Borrowing of Eurodollar Rate Loans, an interest rate per annum determined by the Payment and Disbursement Agent to be the rate per annum at which deposits in Dollars or Alternative Currency are offered by the principal office of the Reference Bank in London, England (in the case of deposits in Dollars) or in the principal financial center (in the case of deposits in Alternative Currency) to major banks in the London interbank market at approximately 11:00 a.m. (London time) on the Eurodollar Interest Rate Determination Date for such Eurodollar Interest Period for a period equal to such Eurodollar Interest Period and in an amount substantially equal to the amount of the Eurodollar Rate Loan. "BASE RATE" means, for any period, a fluctuating interest rate per annum as shall be in effect from time to time, which rate per annum shall at all times be equal to the higher of: