Offshore facility means any facility located in, on, or under any of the navigable waters of the state, but does not include a facility any part of which is located in, on, or under any land of the state, other than submerged land.
systemic risk means a risk of disruption in the financial system with the potential to have serious negative consequences for the financial system and the real economy;
Offshore waters means marine waters of the Pacific Ocean
Offshore Base Rate means, for such Interest Period:
Offshore Rate means, for any Interest Period, with respect to Offshore Rate Loans comprising part of the same Borrowing, the rate of interest per annum (rounded upward to the next 1/16th of 1%) determined by the Administrative Agent as follows: Offshore Rate = LIBOR 1.00 - Eurodollar Reserve Percentage Where,