Enhanced €STR definition
Enhanced €STR means, with respect to any day, the percentage rate per annum which is the equal to the sum of:
Enhanced €STR means the rate per annum equal to €STR on such day plus the €STR Adjustment.
Enhanced €STR. The rate per annum equal to €STR on such day plus the €STR Adjustment.
More Definitions of Enhanced €STR
Enhanced €STR means, in relation to any day, the percentage rate per annum which is the aggregate of €STR on such day and the €STR Adjustment. “€STR” means a rate equal to the Euro Short Term Rate as administered by the European Central Bank (or any other person which takes over the administration of that rate) published by the European Central Bank (or any other person which takes over publication of that rate). “€STR Adjustment” means a percentage equal to 0.085% per annum. “Euro Daily Rate” means, for any day, a rate equal to: (a) Enhanced €STR for the relevant Calculation Day; or (b) if Enhanced €STR is not available for such Calculation Day, Historic €STR plus the €STR Adjustment. “Euro Swing Line Rate” means a rate per annum equal to the Euro Daily Rate, and, if any such applicable rate is below zero, the Euro Swing Line Rate for such day will be deemed to be zero. “Euro Swing Line Rate Loan” means a Swing Line Loan denominated in Euros that bears interest based on the Euro Swing Line Rate. “Eurocurrency Rate” means Eurocurrency Rate or any similar or analogous definition in the Credit Agreement. “Eurocurrency Rate Loans” means a Loan that bears interest at a rate based on the Eurocurrency Rate.
Enhanced €STR means, for any day, the sum of (i) €STR and (ii) the EONIA-€STR Spread; provided that if such rate is less than zero, Enhanced €STR shall be deemed to be zero.