Eurodollar Offered Rate definition

Eurodollar Offered Rate means with respect to any Interest Period of any Eurocurrency Loan denominated in Dollars, the rate per annum determined by the Administrative Agent at which deposits in Dollars for such Interest Period are offered, based on the offered rates appearing on Page 3750 of the Dow Jones Market Service (or any successor or substitute page of such sxxxxxe) as of 11:00 a.m. (London time) two Business Days prior to the beginning of such Interest Period; provided that, if for any reason the Dow Jones Market Service quotation is unavailable, then the Eurodollar Xxxxxed Rate shall be the rate per annum determined by the Administrative Agent at which deposits in Dollars for such Interest Period are offered, based on the information appearing on Reuters Page "LIBO" (or any successor or substitute page of such service) as of 11:00 a.m. (London time) two Business Days prior to the beginning of such Interest Period; and, if for any reason both the Dow Jones Market Service and the Reuters quotations are unavailable, thxx xxe Eurocurrency Offered Rate shall be the rate per annum (rounded upwards to the nearest 1/16 of one percent) equal to the rate at which the Administrative Agent is offered Dollar deposits at approximately 11:00 a.m. (London time) two Business Days prior to the beginning of such Interest Period, in the London interbank market, for delivery on the first day of such Interest Period, for the number of days comprised therein and in an amount equal (as nearly as may be) to the amount of the Eurocurrency Loan to which such Interest Period applies.
Sample 1
Eurodollar Offered Rate means the rate of interest per annum ----------------------- notified to the Administrative Agent by the Reference Bank as the rate of interest per annum (rounded upward to the nearest 1/16 of one percent) at which Dollar deposits in the approximate amount of the amount of the Loan to be made or continued as, or converted into, a Eurodollar Rate Loan by the Reference Bank and having a maturity comparable to such Interest Period would be offered to major banks in the interbank eurodollar market where the eurodollar and foreign currency and exchange operations of the Reference Bank's Eurodollar Lending Office are customarily conducted, at their request at approximately 11:00 a.m. (London time) two Eurodollar Business Days prior to the commencement of such Interest Period. The Eurodollar Rate shall be adjusted automatically on and as of the effective date of any change in the Eurodollar Reserve Percentage.
Sample 1

Examples of Eurodollar Offered Rate in a sentence

  • The rate per annum, rounded upwards to the nearest 1/16 of one percent (1%), determined by the Administrative Agent with respect to the Interest Period in accordance with the following formula: Eurodollar Rate = Eurodollar Offered Rate 1 - Reserve Rate Event of Default.

  • Amounts borrowed under the revolving loan bear interest at DMSHT’s option of adjusted prime rate or the Eurodollar Offered Rate.

  • The rate per annum, rounded upwards to the nearest 1/16 of 1%, determined by the Agent with respect to an Interest Period in accordance with the following formula: Eurodollar Rate = Eurodollar Offered Rate ----------------------- 1 - Reserve Rate Event of Default.

  • The rate per annum, rounded upwards to the nearest 1/16 of 1%, determined by the Administrative Agent with respect to an Interest Period in accordance with the following formula: Eurodollar Rate = Eurodollar Offered Rate 1 - Reserve Rate Event of Default.

  • The rate per annum, rounded upwards to the nearest 1/16 of 1%, determined by the Agent with respect to an Interest Period in accordance with the following formula: Eurodollar Rate = Eurodollar Offered Rate 1-Reserve Rate Event of Default.

  • The rate per annum, rounded upwards to the nearest 1/16 of 1%, determined by the Agent with respect to an Interest Period in accordance with the following formula: Eurodollar Rate = Eurodollar Offered Rate ----------------------- 1-Reserve Rate Event of Default.

  • We would also like the report to reflect what the designer paid in 2007 for the use of BBP Pier 3.

  • The rate per annum, rounded upwards to the nearest ---------- ---- 1/16 of 1%, determined by the Bank with respect to an Interest Period, in accordance with the following formula: Eurodollar Rate = Eurodollar Offered Rate ----------------------- 1-Reserve Rate Event of Default.

  • The rate per annum, rounded upwards to the nearest 1/16 of 1%, determined by the Agent with respect to an Interest Period in accordance with the following formula: Eurodollar Rate = Eurodollar Offered Rate 1 - Reserve Rate Event of Default.

  • With respect to any Interest Period, the rate per annum, rounded upwards to the nearest 1/16 of 1%, determined by the Agent two Business Days prior to the commencement of such Interest Period, in accordance with the following formula: -5- Eurodollar Rate = Eurodollar Offered Rate ----------------------- 1 - Reserve Rate EVENT OF DEFAULT.

Related to Eurodollar Offered Rate

  • Eurodollar Rate Borrowing means a Borrowing comprised of Eurodollar Rate Loans.

  • Eurodollar when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Adjusted LIBO Rate.

  • Eurodollar Period means, as to each Eurodollar Rate Advance comprising part of the same Borrowing, the period commencing on the date specified by Borrower pursuant to Section 2.1(b) and ending 1, 2, 3 or 6 months (or, if available to all Lenders, 9 or 12 months) thereafter, as specified by Borrower in the applicable Request for Borrowing or Request for Continuation/Conversion provided that:

  • Eurodollar Market means a regular established market located outside the United States of America by and among banks for the solicitation, offer and acceptance of Dollar deposits in such banks.

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • Eurocurrency Interest Period means with respect to any Eurocurrency Rate Borrowing, the period commencing on the date of such Borrowing and ending on the numerically corresponding day in the calendar month that is one, two, three or six months (or, to the extent agreed to by the Agent and each Lender making such Eurocurrency Rate Borrowing, twelve months or any shorter period) thereafter, as a Borrower may elect; provided that (a) if any Eurocurrency Interest Period would end on a day other than a Business Day, such Eurocurrency Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Eurocurrency Interest Period shall end on the next preceding Business Day, (b) any Eurocurrency Interest Period that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such Eurocurrency Interest Period) shall end on the last Business Day of the last calendar month of such Eurocurrency Interest Period and (c) no Eurocurrency Interest Period for any (i) Eurocurrency Rate Revolving Loan shall end after the latest Scheduled Termination Date for the applicable Revolving Commitments under the applicable Revolving Facility or (ii) Eurocurrency Rate Term Loans shall end after the stated maturity date of such Term Loans.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Eurocurrency Tranche the collective reference to Eurocurrency Loans under a particular Facility the then current Interest Periods with respect to all of which begin on the same date and end on the same later date (whether or not such Loans shall originally have been made on the same day).

  • Interest Period means the period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the first Interest Payment Date and each successive period beginning on (and including) an Interest Payment Date and ending on (but excluding) the next succeeding Interest Payment Date.

  • Eurocurrency Rate Advance means a Revolving Credit Advance denominated in Dollars or a Committed Currency that bears interest as provided in Section 2.07(a)(ii).

  • Eurocurrency Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Eurodollar Borrowing means a Borrowing comprised of Eurodollar Loans.

  • Eurodollar Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(ii).

  • Eurocurrency Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • LIBOR Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the LIBOR Rate.

  • Eurodollar Interest Period means, for any Eurodollar-based Advance, an Interest Period of one, two or three months (or any shorter or longer periods agreed to in advance by the Borrower, Agent and the Lenders) as selected by Borrower, for such Eurodollar-based Advance pursuant to Section 2.3 or 4.4 hereof, as the case may be.

  • Eurodollar Base Rate has the meaning specified in the definition of Eurodollar Rate.

  • LIBO Rate Advance means a Pro Rata Advance that bears interest as provided in Section 2.04(a)(ii).

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.

  • Eurodollar Competitive Loan means any Competitive Loan bearing interest at a rate determined by reference to the LIBO Rate in accordance with the provisions of Article II.

  • LIBOR Loan means a Loan or any portion thereof bearing interest by reference to the LIBOR Rate.

  • Eurocurrency Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurocurrency Rate.

  • LIBO Rate Loan means a Loan bearing interest, at all times during an Interest Period applicable to such Loan, at a fixed rate of interest determined by reference to the LIBO Rate (Reserve Adjusted).

  • Index Rate Loan means a Loan or portion thereof bearing interest by reference to the Index Rate.

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • CDOR Rate Loan means a Loan denominated in Canadian Dollars the rate of interest applicable to which is based on the CDOR Rate.