DM Rate definition
DM Rate means, with respect to any DM Loan for any Interest Period. the rate per annum equal to the rate at which Deutsche ▇▇▇▇ deposits in immediately available funds are offered to the applicable Eurocurrency Office of Bank of America three Business Days prior to the beginning of such Interest Period by major banks in the interbank eurocurrency market as at or about the relevant local time of such Eurocurrency Office for delivery on the first day of such Interest Period, for the number of days comprised therein and in an amount equal or comparable to the amount of such DM Loan from Bank of America for such Interest Period.