Euro Base Rate definition

Euro Base Rate means, for any day, a rate per annum equal to the main refinancing rate as set by the European Central Bank plus 1/2 of 1%.
Euro Base Rate. For any day, the rate of interest per annum equal the higher of (i) the rate of interest per annum at which overnight deposits in Euro, in an amount approximately equal to the amount with respect to which such rate is being determined, would be offered for such day by Bank of America-London Branch to major banks in the local market or other applicable offshore interbank market, and (ii) the cost of funds to Bank of America-London Branch with respect to such amount for such day, expressed as a rate of interest per annum.
Euro Base Rate means, with respect to Swing Line Loans denominated in Euros, the rate of interest per annum equal to the London Interbank Offered Rate (or a comparable or successor rate approved by the Administrative Agent), as published 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) at or about 11:00 am, London time, on such day, with a term equivalent to the overnight rate/same day rate.

Examples of Euro Base Rate in a sentence

  • If the ECB changes the rate of the main refinancing operation, or HBU changes the debit interest surcharge or alters the composition or method of calculation of the HBU Euro Base Rate, the debit interest rate shall be adjusted accordingly.

  • The benchmark of the Pan European Absolute Return Fund was further changed to the Euro Base Rate (Euro Main Refinancing Rate) with effect from 8 October 2014 because the Directors considered the new benchmark to be more suitable to better align the Sub-Fund to how it is being managed, focusing on producing a long-term positive return.

  • In calculating interest on debit balances in euro up to the agreed amount of the overdraft facility, HBU shall apply the HBU Euro Base Rate (HBU Euro Basisrente).

  • Recently, the agency decided two approve two drugs that its reviewing committee recommended be rejected (Pollack 2013).

  • The HBU Euro Base Rate shall be increased by the individual margin stated in the Credit Agreement.


More Definitions of Euro Base Rate

Euro Base Rate means that rate per annum (rounded upward, if necessary, to the nearest one hundred-thousandth of a percentage point) which represents the offered rate for deposits in Dollars, for a period of time comparable to such Interest Period, which appears on the British Bankers' Association Interest Settlement Rate Page, as displayed as Dow Xxxxx Market, Page 3750, as of 11:00 a.m. (London time) on that day that is two Business Days preceding the first day of such Interest Period; provided, however, that if the rate described above does not appear on the Telerate System on any applicable interest determination date, then the Euro Base Rate for any Interest Period will be determined on the basis of the offered rates for deposits in Dollars for a period of time comparable to such Interest Period which are offered by four major banks in the London interbank market at approximately 11:00 a.m. (London time) on that day that is two London Business Days preceding the first day of such Interest Period, as selected by the Agent. The principal London office of each of four major London banks will be requested to provide a quotation of its Dollar deposit offered rate. If at least two such quotations are provided, the rate for that date will be the arithmetic mean of the quotations. If fewer than two quotations are provided as requested, the rate for that date will be determined on the basis of the rates quoted for loans in Dollars to leading European banks for a period of time comparable to such Interest Period offered by major banks in New York City at approximately 11:00 a.m. (New York City time) on that day that is two London Business Days preceding the first day of such Interest Period. In the event that the Agent is unable to obtain any such quotation as provided above, it will be deemed that the Euro-Rate for the proposed Interest Period cannot be determined.
Euro Base Rate means the higher of (i) the rate per annum determined by the Agent at approximately 11:00 a.m. (London time) on the date which is two Business Days prior to the beginning of such Interest Period by reference to the British Bankers' Association Interest Settlement Rates for deposits in Dollars (as set forth by any service selected by the Agent which has been nominated by the British Bankers' Association as an authorized information vendor for the purpose of displaying such rates) for a period equal to such Interest Period; provided that, to the extent that an interest rate is not ascertainable pursuant to the foregoing provisions of this definition the "Euro Base Rate" shall be the interest rate per annum determined by the Agent to be the average of the rates per annum at which deposits in Dollars are offered for such Interest Period to major banks in the London interbank market in London, England by the Agent at approximately 11:00 a.m. (London time) on the date which is two Business Days prior to the beginning of such Interest Period, and (ii) 2% per annum.
Euro Base Rate means the rate of interest per annum reasonably determined by the Administrative Agent and notified to the Borrowers to be applicable for short-term loans denominated in Euros.
Euro Base Rate means, for any day, a fluctuating rate per annum determined by the Agent as being equal to the base rate of interest (prior to including any margin) at which prime banks in the Participating Member States generally make advances in Euro available to commercial borrowers in amounts and for periods comparable to the applicable amount of the Advance for which such rate is being determined for the remainder of the Rate Period applicable thereto.
Euro Base Rate. For any day, the rate of interest per annum equal to the higher of (i) the rate of interest per annum at which overnight deposits in Euro, in an amount approximately equal to the amount with respect to which such rate is being determined, would be offered for such day by Bank of America-London Branch to major banks in the local market or other applicable offshore interbank market, and (ii) the cost of funds to Bank of America-London Branch with respect to such amount for such day, expressed as a rate of interest per annum; provided that in no event shall the Euro Base Rate be deemed less than zero.
Euro Base Rate means, for any day, the annual rate of interest for deposits in Euros with a term of 30 days in the Paris interbank market which is shown on the applicable Telerate page of the Telerate Service as of 11:00 a.m. (Paris time) on such day, or if such day is not a Business Day, then on the immediately preceding Business Day; provided however that if such rate is not available, then the Euro Base Rate for any day will be the rate announced by the Swingline Lender under Tranche C as being its rate for similar deposits then in effect on the relevant day, provided further that the Swingline Lender under Tranche C and Avot Vallée may agree on an alternate reference rate for the determination of the Euro Base Rate;
Euro Base Rate means the European Central Bank’s base rate of interest (Main refinancing operations (fixed rate)) as published from time to time and if such rate is less than zero, the Euro Base Rate shall be deemed to be zero.