Eurodollar-based Rate definition

Eurodollar-based Rate means a per annum interest rate which is equal to the sum of (a) the Applicable Margin, plus (b) the quotient of:

Eurodollar-based Rate means a per annum interest rate which is equal to the sum of the Applicable Margin, plus the quotient of:

Eurodollar-based Rate means a per annum interest rate equal to the Eurodollar Rate plus two and one-quarter percent (2.25%).

Examples of Eurodollar-based Rate in a sentence

• Any prepayment of a portion of the Term Loan as to which the Applicable Interest Rate is the Base Rate shall be without premium or penalty and any prepayment of a portion of the Term Loan as to which the Applicable Interest Rate is the Eurodollar-based Rate shall be without premium or penalty, except to the extent set forth in Section 11.1.

• For any Advance to which the Eurodollar-based Rate is applicable, if Agent or a Bank, as applicable, shall designate a Eurodollar Lending Office which maintains books separate from those of the rest of Agent or such Bank, Agent or such Bank, as the case may be, shall have the option of maintaining and carrying the relevant Advance on the books of such Eurodollar Lending Office.

• Interest accruing at the Eurodollar-based Rate shall be computed on the basis of a 360 day year and assessed for the actual number of days elapsed from the first day of the Interest Period applicable thereto to but not including the last day thereof.

• Any prepayment of a portion of a Term Loan as to which the Applicable Interest Rate is the Base Rate shall be without premium or penalty and any prepayment of a portion of a Term Loan as to which the Applicable Interest Rate is the Eurodollar-based Rate shall be without premium or penalty, except to the extent set forth in Section 11.1.

• Any prepayment of a portion of a Term Loan as to which the Applicable Interest Rate is the Base Rate shall be without premium or penalty, except to the extent set forth in Section 4.7(d) below and any prepayment of a portion of a Term Loan as to which the Applicable Interest Rate is the Eurodollar-based Rate shall be without premium or penalty, except to the extent set forth in Section 11.1 and Section 4.7(d) below.

More Definitions of Eurodollar-based Rate

Eurodollar-based Rate means a per annum interest rate which is equal to the sum of one percent (1%), plus the per annum interest rate at which Bank's Eurodollar Lending Office offers deposits to prime banks in the eurodollar market in an amount comparable to the relevant Eurodollar-based Advance and for a period equal to the relevant Interest Period at or about 11:00 a.m. (Detroit, Michigan time) (or as soon thereafter as practical) two (2) Business Days prior to the first day of such Interest Period.

Eurodollar-based Rate means a per annum interest rate which is the Applicable Margin plus the greater of (i) one percent (1%) and (ii) the quotient of:

Eurodollar-based Rate means the Eurodollar-based Rate as defined and determined in the Note.

Eurodollar-based Rate means a per annum interest rate which is equal to the sum of (a) the Applicable Margin plus (b) the quotient of: (i) the LIBOR Rate

Eurodollar-based Rate means a per annum interest rate which is equal to the sum of one and one-fourth percent (1 1/4%), plus the quotient of the following (which amount shall be rounded upwards, if necessary, to the nearest 1/16th of 1%):

Eurodollar-based Rate means a per annum interest rate which is equal to the sum of one and one half percent (1.5%), plus the quotient of:

Eurodollar-based Rate means a per annum interest rate which is one quarter of one percent (1/4%), plus the rate (rounded upwards, if necessary, to the nearest 1/100 of 1%) determined pursuant to the following formula: Interbank Rate ---------------------- 1-Eurocurrency Reserve Percentage