Eurodollar Basis means, with respect to each Eurodollar Advance Period, a simple per annum interest rate equal to the quotient of (a) the Eurodollar Rate divided by (b) one minus the Eurodollar Reserve Percentage, stated as a decimal. The Eurodollar Basis shall remain unchanged during the applicable Eurodollar Advance Period, except for changes to reflect adjustments in the Eurodollar Reserve Percentage.
Eurodollar Basis means a simple per annum interest rate (rounded upward, if necessary, to the nearest one-hundredth of one percent (1/100%)) equal to the quotient of (a) the Eurodollar Rate divided by (b) one minus the Eurodollar Reserve Percentage, stated as a decimal, and once determined, shall be subject to Article 11 hereof and shall remain unchanged during the applicable Eurodollar Advance Period, except for changes to reflect adjustments in the Eurodollar Reserve Percentage.
Eurodollar Basis means a simple per annum interest rate (rounded upward, if necessary, to the nearest one-hundredth (1/100th) of one percent) equal to the sum of (a) the quotient of (i) the Eurodollar Rate divided by (ii) one minus the Eurodollar Reserve Percentage, stated as a decimal, plus (b) the Applicable Margin. The Eurodollar Basis shall apply to Interest Periods of one (1), two (2), three (3), six (6) and, if available to all applicable Lenders, nine (9) and twelve (12) months (each, a “Eurodollar Period”), and, once determined, shall remain unchanged during the applicable Interest Period, except for changes to reflect adjustments in the Eurodollar Reserve Percentage and the Applicable Margin pursuant to Section 2.3(f) hereof.
Examples of Eurodollar Basis in a sentence
If the Administrative Borrower fails to give the Administrative Agent timely notice of its selection of a Eurodollar Basis, or if for any reason a determination of a Eurodollar Basis for any Advance is not timely concluded, the Base Rate shall apply to such Advance.
The Borrower shall promptly notify the Administrative Agent by telephone or telecopy, and shall immediately confirm any such telephonic notice in writing, of its selection of a Eurodollar Basis and Interest Period for such Advance; provided, however, that the Borrower's failure to confirm any such telephonic notice in writing shall not invalidate any notice so given.
Interest shall accrue and be payable on each Eurodollar Advance at a rate per annum equal to the sum of (A) the Eurodollar Basis applicable to such Eurodollar Advance and (B) the Applicable Margin.
Section 10.1 Eurodollar Basis Determination Inadequate or Unfair.
If the Borrower fails to give the Administrative Agent timely notice of its selection of a Eurodollar Basis, or if for any reason a determination of a Eurodollar Basis for any Advance is not timely concluded, the Base Rate Basis shall apply to such Advance.
More Definitions of Eurodollar Basis
Eurodollar Basis means, with respect to each Eurodollar Advance Period, a per annum interest rate equal to the quotient of (a) the Eurodollar Rate divided by (b) one minus the Eurodollar Reserve Percentage, stated as a decimal. The Eurodollar Basis shall remain unchanged during the applicable Eurodollar Advance Period, except for changes to reflect adjustments in the Eurodollar Reserve Percentage.
Eurodollar Basis means for any day a rate per annum equal to the "London Interbank Offered Rate" for a three-month term, as published in the "Money Rates" column of The Wall Street Journal, Central Edition, from time to time, or if any reason such rate is no longer available:
Eurodollar Basis means for any day a rate per annum equal to the “London Interbank Offered Rate” for a three-month term, as published in The Wall Street Journal (U.S. Edition) in the “London Interbank Offered Rates” column (or if The Wall Street Journal (U.S. Edition) is not published on such day, in the issue most recently published); provided, the Eurodollar Basis shall never be less than a rate of 0.15% per annum. Borrower acknowledges that (a) if more than one London Interbank Offered Rate is published at any time by The Wall Street Journal, the highest of such London Interbank Offered Rates shall constitute the London Interbank Offered Rate hereunder; provided, if the highest of such London Interbank Offered Rates shall be less than 0.15% per annum, such rate shall be deemed to be 0.15% per annum for purposes of this Note and each other Loan Document, and (b) if at any time The Wall Street Journal ceases to publish a London Interbank Offered Rate, Lender shall have the right to select a substitute rate that Lender determines, in the exercise of its reasonable commercial discretion, to be comparable to such London Interbank Offered Rate, and the substituted rate as so selected, upon the sending of written notice thereof to Borrower, shall constitute the London Interbank Offered Rate hereunder; provided, if such substituted rate shall be less than 0.15% per annum, such rate shall be deemed to be 0.15% per annum for purposes of this Note and each other Loan Document. The Wall Street Journal London Interbank Offered Rate is a reference rate and does not necessarily represent the lowest or best rate actually charged to any customer. Each determination by Lender of the London Interbank Offered Rate shall be conclusive and binding absent manifest error, and may be computed using any reasonable averaging and attribution method.
Eurodollar Basis means a simple per annum interest rate equal to the sum of (a) (i) the Eurodollar Rate, plus (ii) the Applicable Margin. The Eurodollar Basis shall apply to Interest Periods of one (1), two (2), three (3) and six (6) months (each, a "Eurodollar Period"), and, once determined, shall remain unchanged during the applicable Interest Period, except for changes to reflect adjustments in the Applicable Margin pursuant to Section 2.3(e) hereof.
Eurodollar Basis means a simple per annum interest rate equal to the sum of (a) the quotient of (i) the Eurodollar Rate divided by (ii) one minus the Eurodollar Reserve Percentage, stated as a decimal, plus (b)
Eurodollar Basis means a simple per annum interest rate (rounded upward, if necessary, to the nearest one-hundredth of one percent (0.01%)) equal to the sum of (a) the quotient of (i) the Eurodollar Rate divided by (ii) one (1), minus the Eurodollar Reserve Percentage, stated as a decimal, plus (b) the Applicable Margin as determined by Section 2.3(f) hereof. The Eurodollar Basis shall apply to Interest Periods of one (1), two (2), three (3), six (6) and, subject to availability, nine (9) and twelve (12) months and, once determined, shall remain unchanged during the applicable Interest Period, except for changes to reflect adjustments in the Eurodollar Reserve Percentage and the Applicable Margin. The Borrower may elect an Interest Period of nine (9) or twelve (12) months for a Eurodollar Advance unless the Funding Agent has been notified by one (1) or more Lenders that such Lender does not have available to it funds for its portion of the proposed Advance which are not required for other purposes, that such funds are not available to such Lender at a rate at or below the Eurodollar Rate for such proposed Advance and Interest Period, or that such Lender does not agree (in its sole discretion) to fund its portion of such Advance.
Eurodollar Basis means either: