CD Quoted Rate definition
CD Quoted Rate means, with respect to any Interest Period, the -------------- rate of interest determined by Administrative Agent to be the arithmetic average (rounded upward, if necessary, to the next higher 1/100 of 1%) of the prevailing rates per annum bid at 10:00 A.M. (New York City time) (or as soon thereafter as practicable) on the first day of such Interest Period by two or more New York certificate of deposit dealers of recognized standing for the purchase at face value from each Reference Bank of its certificates of deposit in an amount comparable to the unpaid principal amount of the CD Advance of such Reference Bank to which such Interest Period applies and having a maturity comparable to such Interest Period.
CD Quoted Rate means, with respect to any Interest Period, the rate of interest per annum determined by Agent (in accordance with its customary practices) to be its market certificate of deposit rate within one (1) Business Day prior to the first day of such Interest Period, for the purchase at face value of a certificate of deposit from Agent in an amount equal or comparable to the unpaid balance of the pertinent CD Advance of such first day, and for a period of time equal or comparable to the length of such Interest Period.
CD Quoted Rate means the rate of interest per annum determined by Agent -------------- to be the average (rounded upward to the nearest whole multiple of one sixteenth of one percent) of the interest rates quoted by the Reference Banks as of approximately 10:00 a.
More Definitions of CD Quoted Rate
CD Quoted Rate means with respect to each CD Interest Period, the rate of interest per annum determined by Bank (in accordance with its customary general practices) to be the arithmetic simple average (rounded upwards, if necessary, to the next highest .01 of 1%) of the rates per annum offered to Bank at approximately 9:00 a.m. (Dallas time) on the first day of such CD Interest Period, by three certificate of deposit dealers of recognized standing, for the purchase at face value of a domestic certificate of deposit from Bank in the amount equal or comparable to the principal amount of the corresponding CD Loan as of such first day, and for a period of time equal or comparable to the length of such CD Interest Period.
CD Quoted Rate. With respect to each CD Loan for each CD Interest Period, the rate of interest per annum then most recently published or reported by Telerate Systems, Inc. through its Telerate Financial Information Network service, by reference to the screen page designated Daily Selected Money Market Rates (page 120) (or any equivalent successor to such page or service selected by the Agent and approved by the Borrowing Agent) for certificates of deposit in the secondary market, or if no such rate is published or reported (and no such equivalent rate or service is mutually agreed upon), then the per annum rate most recently published in The Wall Street Journal in the "Money Rates" column, as the typical rate per annum offered by large U.S. money center commercial banks in the secondary certificate of deposit market, in either case two (2) Business Days before the beginning of such CD Interest Period, for a face value in the amount equal or comparable to the principal amount of the corresponding CD Loan and for a period of time equal or comparable to the length of such CD Interest Period, expressed as a percentage rounded to the nearest one hundredth (.01) of one percent (1%).