instead definition
instead means the rate of interest per annum determined by the Agent (rounded to the next higher 1/16 of 1%) to be the rate at which deposits in Dollars are offered to prime banks by the principal office of BofA in the London interbank market, at approximately 11:00 a.m. (London time), two Business Days before the first day of such Interest Period, in the approximate amount of the Offshore Rate Loan to be made by BofA and for a period of time comparable to such Interest Period; divided by (B) a number equal to 1.00 minus the aggregate (but without duplication) of the rate (expressed as a decimal fraction) of reserve requirements in effect on the day which is two Business Days prior to the commencement of such Interest Period (including basic, supplemental, marginal and emergency reserves under any regulations of the Board of Governors of the Federal Reserve System or other governmental authority having jurisdiction with respect thereto, as in effect at the time BofA quotes its rate to the Agent) for Eurocurrency funding of domestic assets (currently referred to as "Eurocurrency liabilities" in Regulation D of such Board) that are required to be maintained by a member bank of such System. The determination of the Offshore Rate by the Agent shall be conclusive in the absence of manifest error.
instead means an alternative or substitute. It fails to bring out the meaning of the former part, hence option A can be ruled out.
instead means the rate of interest per annum determined by the Agent to be the arithmetic mean (rounded upward to the nearest 1/100th of 1%) of the rates of interest per annum notified to the Agent by each Reference Bank as the rate of interest at which deposits in Dollars in the approximate amount of the Offshore Rate Committed Loan to be made, continued or converted by such Reference Bank, and having a maturity comparable to such Interest Period, would be offered to major banks in the London interbank market or other applicable interbank market at their request at approximately 11:00 a.m. (London time) two Business Days prior to the commencement of such Interest Period. As used in this definition, "Dow ▇▇▇▇▇ Page 3750" means the display designated as "3750" on the Dow ▇▇▇▇▇ Market Service (formerly known as the Telerate Service) or any replacement page thereof.
More Definitions of instead
instead means the rate of interest per annum determined by the Bank to be the arithmetic mean (rounded upward to the nearest 1/16th of 1%) of the rates of interest per annum at which Dollar deposits in the approximate amount of the Offshore Rate Loan to be made, continued or converted by the Bank, and having a maturity comparable to such Interest Period, would be offered by the Bank to major banks in the London interbank market at their request at approximately 11:00 a.m. (London time) two Business Days prior to the commencement of such
instead means the rate of interest per annum determined by the Agent, on the basis of quotations furnished to it by the Reference Banks, to be the average of the rates at which deposits in Dollars are offered to prime banks by the principal office of the Reference Banks in the London interbank market, at approximately 11:00 a.m. (London time), two Eurodollar Business Days before the first day of such Interest Period, in the approximate amount of the Eurodollar Rate Loan to be made by such Reference Banks and for a period of time comparable to such Interest Period divided by (B) a number equal to 1.00 minus the aggregate (but without duplication) of the rates (expressed as a decimal fraction) of reserve requirements in effect on the day which is two Eurodollar Business Days prior to the commencement of such Interest Period (including basic, supplemental, marginal and emergency reserves under any regulations of the Board of Governors of the Federal Reserve System or other governmental authority having jurisdiction with respect thereto, as in effect at the time the Reference Banks quote their rates to the Agent) for Eurocurrency funding of domestic assets (currently referred to as "Eurocurrency liabilities" in Regulation D of such Board) that are required to be maintained by a member bank of such System. If any Reference Bank does not provide its offered quotation to the Agent, the Eurodollar Rate shall be determined on the basis of the rates quoted by the remaining Reference Banks. The determination of the Eurodollar Rate by the Agent shall be conclusive in the absence of manifest error.
instead means the rate of interest per annum determined by the Agent to be the arithmetic mean (rounded upward to the nearest 1/16th of 1%) of the rates of interest per annum notified to the Agent by BofA as the rate of interest at which Dollar deposits in the approximate amount of the Offshore Rate Loan to be made, continued or converted by BofA, and having a maturity comparable to such Interest Period, would be offered to major banks in the London interbank market at
instead means the rate of interest per annum determined by the Agent to be the arithmetic mean (rounded upward to the nearest 1/16th of 1%) of the rates of interest per annum notified to the Agent by Wells Fargo as the rate of interest at which Dollar dep▇▇▇▇▇ in the approximate amount of the Offshore Rate Loan to be made, continued or converted by Wells Fargo, and having a maturity comparable to such I▇▇▇▇▇st Period, would be offered to major banks in the London interbank market at their request at approximately 11:00 a.m. (London time) two Business Days prior to the commencement of such Interest Period. As used in this definition, "Dow Jones Page 3750" means the display designated as "3750" ▇▇ ▇he Dow Jones Market Service (formerly known as the Telerate Se▇▇▇▇▇) or any replacement page thereof or successor thereto. The Offshore Rate shall be adjusted automatically as to all Offshore Rate Loans then outstanding as of the effective date of any change in the Eurodollar Reserve Percentage.
instead means the rate of interest per annum determined by the Agent to be the arithmetic mean (rounded upward to the nearest 1/16th of 1%) of the rates of interest per annum notified to the Agent by BofA as the rate of interest at which Dollar deposits in the approximate amount of the Offshore Rate Loan to be made, continued or converted by BofA, and having a maturity comparable to such Interest Period, would be offered to major banks in the London interbank market at their request at approximately 11:00 a.m. (London time) two Business Days prior to the commencement of such Interest Period. As used in this definition, "DOW ▇▇▇▇▇ PAGE 3750" means the display designated as "3750" on the Dow ▇▇▇▇▇ Market Service (formerly known as the Telerate Service) or any replacement page thereof or successor thereto. The Offshore Rate shall be adjusted automatically as to all Offshore Rate Loans then outstanding as of the effective date of any change in the Eurodollar Reserve Percentage.
instead of the time "11.00 a.m."; and
instead means the rate of interest per annum determined by the Agent to be the arithmetic mean (rounded upward to the nearest 1/16th of 1%) of the rates of interest per annum notified to the Agent by BofA as the rate of interest at which Dollar deposits in the approximate amount of the Revolving LIBOR Loan to be made, continued or converted by BofA, and having a maturity comparable to such Interest Period, would be offered to major banks in the London interbank market at their request at approximately 11:00 a.m. (London time) two Business Days prior to the commencement of such