Indicated Rate definition

Indicated Rate means, with respect to any Interest Period, (a) in the case of Dollars, the rate for deposits in Dollars for a period comparable to the relevant Interest Period which appears on the Telerate Page 3750 as of 11:00 a.m. London time two (2) London Business Days (which shall also be Business Days) preceding the first day of the relevant Interest Period or, if Telerate Page 3750 is unavailable at such time, the rate which appears on the Reuters Screen ISDA Page as of such date and time, (b) in the case of Pounds Sterling, the rate for deposits in Pounds Sterling for a period comparable to the relevant Interest Period which appears on the Reuters Screen RPMA Page as of 11:00 a.m. London time two London Business Days preceding the first day of the relevant Interest Period and (c) in the case of Euro, the rate for deposits in Euro for a period comparable to the relevant Interest Period which appears on the Telerate Page 3750 as of 11:00 a.m. London time two London Business Days preceding the first day of the relevant Interest Period, or, if Telerate Page 3750 is unavailable at such time, the rate which appears on the Reuters Screen at "RLIBOR02"; provided, however, that if the Administrative Agent determines that the relevant foregoing source is unavailable for any Interest Period, Indicated Rate means the rate of interest determined by the Administrative Agent to be the average (rounded upward, if necessary, to the nearest 1/10,000th of 1%) of the rates per annum at which deposits in the relevant currency in immediately available funds are offered to each of the Eurocurrency Reference Banks two London Business Days (which, in the case of Dollars, shall also be Business Days) preceding the first day of the relevant Interest Period by prime banks in the London interbank eurocurrency market as of 11:00 a.m. London time for delivery on the first day of such Interest Period, for the number of days comprised therein and in an amount comparable to the amount of the relevant Loan.

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Indicated Rate means, with respect to any Interest Period, the rate for deposits in Dollars for a period comparable to the relevant Interest Period which appears on the Telerate Page 3750 as of 11:00 a.m. London time two (2) Eurocurrency Business Days preceding the first day of the relevant Interest Period or, if Telerate Page 3750 is unavailable at such time, the rate which appears on the Reuters Screen ISDA Page as of such date and time; provided, however, that if Administrative Agent determines that the relevant foregoing source is unavailable for any Interest Period, Indicated Rate means the rate of interest determined by Administrative Agent to be the average (rounded upward, if necessary, to the nearest 1/10,000th of 1%) of the rates per annum at which deposits in Dollars in immediately available funds are offered to each of the Eurodollar Reference Banks two (2) Eurocurrency Business Days preceding the first day of the relevant Interest Period by prime banks in the London interbank Eurodollar market as of 11:00 a.m. London time for delivery on the first day of such Interest Period, for the number of days comprised therein and in an amount comparable to the amount of the relevant Loan. Interest Option shall have the meaning assigned to such term in Section 2.5(c).

Indicated Rate means the rate of interest determined by the Administrative Agent to be the average (rounded upward, if necessary, to the nearest 1/10,000th of 1%) of the rates per annum at which deposits in the relevant currency in immediately available funds are offered to each of the Eurocurrency Reference Banks two London Business Days (which, in the case of Dollars, shall also be Business Days) preceding the first day of the relevant Interest Period by prime banks in the London interbank eurocurrency market as of 11:00 a.m. London time for delivery on the first day of such Interest Period, for the number of days comprised therein and in an amount comparable to the amount of the relevant Loan.

Examples of Indicated Rate in a sentence

To the extent that the maximum rate of interest may at any time be determinable by reference to the laws of the State of Texas, the parties designate as the ceiling governing all transactions hereunder the Indicated Rate ceiling as announced from time to time by the Consumer Credit Commission of the State of Texas, pursuant to the provisions of Article ▇▇▇▇-▇.▇▇, ▇▇▇▇▇▇▇' ▇▇▇▇▇ Civil Statutes.
For purposes of determining the Maximum Rate, the Indicated Rate Ceiling specified in Texas Revised Civil Statutes, Article 5069-1.04 shall be used; however, if permitted by applicable Law, Lender may implement any ceiling under that law used to compute the rate of interest hereunder by notice to Maker as provided in such article.
To the extent that the maximum rate of interest may at any time be determinable by reference to the laws of the State of Texas, the parties designate as the ceiling governing all transactions hereunder the Indicated Rate ceiling as announced from time to time by the Consumer Credit Commission of the State of Texas, pursuant to the provisions of Article 5069-1.04, Vernons’ Texas Civil Statutes.

More Definitions of Indicated Rate

Indicated Rate is hereby amended to add new subsections "(f)" and "

Indicated Rate means, with respect to any Interest Period, (a) in the case of Dollars, Yen, Swiss Francs and Deutsche Marks, the rate for deposits in the relevant currency for a period comparable to the relevant Interest Period which appears on the Telerate Page 3750 as of 11:00 a.m. London time two (2) London Business Days (which, in the case of Dollars, shall also be Business Days, and in the case of Yen, shall also be Hong Kong Business Days) preceding the first day of the relevant Interest Period or, if Telerate Page 3750 is unavailable at such time, the rate which appears on the Reuters Screen ISDA Page as of such date and time, (b) in the case of Pounds Sterling, the rate for deposits in Pounds Sterling for a period comparable to the relevant Interest Period which appears on the Reuters Screen RPMA Page as of 11:00 a.m. London time two (2) London Business Days preceding the first day of the relevant Interest Period, (c) in the case of Belgian Francs, the rate for deposits in Belgian Francs for a period comparable to the relevant Interest Period which appears on the Reuters ISDB Page as of 11:00 a.m. London time two (2) London Business Days preceding the first day of the relevant Interest Period, (d) in the case of French Francs and Dutch Guilders, the rate for deposits in the relevant currency for a period comparable to the relevant Interest Period which appears on the Telerate Page 3740 as of 11:00 a.m. London time two (2) London Business Days preceding the first day of the relevant Interest Period or, if Telerate Page 3740 is unavailable at such time, the rate which appears on the Reuters ISDB Page as of such date and time, (e) in the case of Canadian Dollars, Italian Lire and Spanish Pesetas, the rate for deposits in the relevant currency for a period comparable to the relevant Interest Period which appears on the Reuters Screen EFX= Page as of 11:00 a.m. London time two (2) London Business Days preceding the first day of the relevant Interest Period, (f) in the case of Australian Dollars, the rate for deposits in Australian Dollars for a period comparable to the relevant Interest Period which appears on the Telerate Page 3740 as of 11:00 a.m. London time two (2) London Business Days preceding the first day of the relevant Interest Period, or, if Telerate Page 3740 is unavailable at such time, the rate which appears on the Reuters Screen at "RLIBOR01," and (g) in the case of European Currency Units, the rate for deposits in European Currency Units for a period c...