OCP Rate definition
OCP Rate means, for each day during any Fixed Period and with respect to any Other Credit Provider, the sum of (x) such Other Credit Provider's applicable Spread plus (y) an interest rate per annum obtained by dividing (i) the rate (the "LIBO Rate") per annum at which deposits in U.S. dollars are offered by the principal office of such Other Credit Provider's Reference Bank in London, England, to prime banks in the London interbank market at 11:00 A.M. (London time) two Business Days before the first day of such Fixed Period for an amount of at least $1 million and with a maturity equal to such Fixed Period by (ii) a percentage equal to 100% minus the Eurodollar Rate Reserve Percentage for such day; provided, however, that in the case of: