ESTR definition
ESTR means, with respect to any Business Day, a rate per annum equal to the Euro Short Term Rate for such Business Day published by the ESTR Administrator on the ESTR Administrator’s Website.
ESTR means, with respect to any applicable determination date, the Euro Short Term Rate published on the first (1st) Business Day preceding such date on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time); provided, that, if such determination date is not a Business Day, ESTR means such rate that applied on the first (1st) Business Day immediately prior thereto.
ESTR means the Euro Short Term Rate (ESTR) as published by the Benchmark Administrator or its agent;
Examples of ESTR in a sentence
The benchmark interest rate is the interest rate of ☐ US dollar overnight SOFR ☐ British Pound overnight ▇▇▇▇▇ ☐ Japanese Yen overnight ▇▇▇▇ ☐ Euro overnight ESTR ☐ Swiss Franc overnight SARON ☐ / T-5 business days as shown on the Bloomberg Financial Telecommunications terminal page.
For the avoidance of doubt, the Administrative Agent shall not be required to deliver any (x) Term SOFR Notice after the occurrence of a Term SOFR Transition Event or (y) Term ESTR Notice after the occurrence of a Term ESTR Transition Event, and may do so in its sole discretion.
If a DUA is needed, the Harvard PI submits the request through the Agreements Application for an outgoing DUA to the appropriate Negotiating Office, and links any relevant Data Safety and ESTR reviews.
The relevant ESTR submission must be linked to the Agreements Application submission by the Harvard Data Requestor prior to DUA execution.
Unless the Responsible Faculty Member5 is able to self-determine and certify6 that the project is not human subject research, the Harvard Data Requestor must submit a request in ESTR for IRB review.
More Definitions of ESTR
ESTR has the meaning given that term in Section 4.9.
ESTR means, with respect to any day, a rate per annum equal to the Euro Short Term Rate for such day or , for any day that the rate is not published, for the immediately preceding day on which the rate is published, as published by the European Central Bank on its website;
ESTR means the short-term interest rate in Euro in Euro currency. In accordance with banking practice, the Parties have mutually agreed that the pricing base rate rules under this Contract shall be the T-5 day eSTR, where “T” shall be the date when the borrowing rate is fixed and “T-5 “shall be the five business days prior to that date
ESTR means, with respect to any Banking Day, a rate per annum equal to the Euro Short Term Rate for such Banking Day published by the ESTR Administrator on the ESTR Administrator’s Website.
ESTR means, with respect to any applicable determination date, the Euro Short Term Rate published by the European Central Bank (or published on such other commercially available source providing such quotations as may be designated by the applicable Euro Swing Line Lender from time to time) on the first (1st) Business Day preceding such date; provided, that, if such determination date is not a Business Day, ESTR means such rate that applied on the first (1st) Business Day immediately prior thereto; in each case, plus the ESTR Adjustment; provided, that, if ESTR shall be less than zero, such rate shall be deemed zero for purposes of this Agreement. Any change in ESTR shall be effective from and including the date of such change without further notice.
ESTR means, with respect to any applicable determination date, the Euro Short Term Rate published on the first (1st) Business Day preceding such date on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time); provided, that, if such determination date is not a Business Day, ESTR means such rate that applied on the first (1st) Business Day immediately prior thereto. “ESTR Adjustment” means 0.085%. “EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time. “Euro” and “€” mean the single currency of the Participating Member States. “Event of Default” has the meaning specified in Section 8.01. “Excluded Foreign Subsidiaries” means, collectively, CMC ▇▇ ▇▇▇▇▇ d.o.o., CMC Commercial Metals de Mexico S. de. ▇.▇. de C.V., Steel Products de Mexico S. de C.V., CMC Commercial Metals (Cyprus) Ltd. and CMC GH, Ltd. “Excluded Swap Obligation” means, with respect to any Guarantor, any Swap Obligation if, and to the extent that, all or a portion of the Guaranty of such Guarantor of, or the grant by such Guarantor of a Lien to secure, such Swap Obligation (or any Guaranty thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Guarantor’s failure for any reason to constitute an “eligible contract participant” as defined in the Commodity Exchange Act (determined after giving effect to Section 11.25 and any other “keepwell, support or other agreement” for the benefit of such Guarantor and any and all guarantees of such Guarantor’s Swap Obligations by other Loan Parties) at the time the Guaranty of such Guarantor, or a grant by such Guarantor of a Lien, becomes effective with respect to such Swap Obligation. If a Swap Obligation arises under a Master Agreement governing more than one Swap Contract, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to Swap Contracts for which such Guaranty or Lien is or becomes excluded in accordance with the first sentence of this definition.
ESTR means, for any day: (a) a rate per annum equal to the Euro Short Term Rate for such day published by the ESTR Administrator on the ESTR Administrator’s Website; or (b) if the rate otherwise to be determined by clause (a) is not available for ESTR for any day, the applicable ESTR shall the equal the rate notified to the Administrative Agent by the Swingline Lender as soon as practicable, and in any event before interest is due to be paid in respect of that Swingline Loan, to be that which expresses as a percentage rate per annum the cost to the relevant Swingline Lender of funding its participation in that Swingline Loan for that day from whatever source it may reasonably select; provided that if any day is not a TARGET Day, ESTR on that day will be ESTR applicable on the immediately preceding TARGET Day. “ESTR Administrator” means the European Central Bank (or any successor administrator of the Euro Short Term Rate). “ESTR Administrator’s Website” means the European Central Bank’s website, currently at ▇▇▇▇://▇▇▇.▇▇▇.▇▇▇▇▇▇.▇▇, or any successor source for the Euro Short Term Rate identified as such by the ESTR Administrator from time to time. “EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time. “EUR Term Commitment” means, with respect to each Lender, the commitment, if any, of such Lender to make a EUR Term Loan, expressed as an amount representing the maximum principal amount of the EUR Term Loan to be made by such Lender, as such commitment may be reduced or increased from time to time pursuant the terms hereof. The initial amount of each Lender’s EUR Term Commitment is set forth on Schedule 2.01 opposite such Lender’s name under the heading “EUR Term Commitment”. The aggregate amount of the Lenders’ EUR Term Commitment on the Effective Date is €176,000,000. “EUR Term Lender” means a Lender having a EUR Term Commitment or an outstanding EUR Term Loan. “EUR Term Loan” means a term loan made to the Swiss Subsidiary Borrower by the EUR Term Lenders pursuant to Section 2.01(e).