Examples of Reserve Adjusted Eurodollar Rate in a sentence

Subject to the provisions of subsections 2.6 and 2.7, each Term Loan and each Revolving Loan shall bear interest on the unpaid principal amount thereof from the date made to maturity (whether by acceleration or otherwise) at a rate determined by reference to the Base Rate or the Reserve Adjusted Eurodollar Rate, as the case may be.
Subject to the provisions of Sections 2.2E, 2.6 and 2.7, each Loan shall bear interest on the unpaid principal amount thereof from the date made to maturity (whether by acceleration or otherwise) at a rate determined by reference to the Base Rate, the Canadian Prime Rate, the CDOR Rate or the Reserve Adjusted Eurodollar Rate, as the case may be.
For instance at the center the initiation of cracks started as discrete plots and as the truck wheel loads passed through and beyond they progressed to appear as solid lines.
Therefore, Zambia is taking a careful look at how the impact of the Fund can be enhanced by promoting off-grid decentralized RE projects utilizing alternative renewable electricity sources such as solar, biomass, micro hydro schemes, etc.
The purpose of this exercise is to examine people’s perspectives around themes that you’ve identified while brainstorming community challenges and opportunities.

More Definitions of Reserve Adjusted Eurodollar Rate

Reserve Adjusted Eurodollar Rate with respect to any Eurodollar Rate Loan Portion for any Interest Period, a rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) determined pursuant to the following formula: Reserve Adjusted Eurodollar Rate Eurodollar Rate = ----------------------------------- 1 - Eurocurrency Reserve Percentage "RESTRICTED ACCOUNT AND SECURITY AGREEMENT" -- the Restricted Account and Security Agreement of even date herewith by and between the Bank and the Borrower. "RESTRICTED ACCOUNT BALANCE" -- the sum of all Cash and Cash Equivalents and any other investments on deposit in the Custodian Account, the amount of such Cash Equivalents or investments to be calculated at the lower of cost or market value. 44 "SARA" -- is defined in Subsection 3.16(a).

Reserve Adjusted Eurodollar Rate will have the meaning customary and appropriate for financings of this type, and the basis for calculating accrued interest and the interest periods for loans bearing interest at the reserve Adjusted Eurodollar Rate will be customary and appropriate for financings of this type. After the occurrence and during the continuance of an Event of Default, interest on all overdue amounts then outstanding will accrue at a rate equal to the applicable rate set forth above, plus an additional two percentage points (2.00%) per annum and will be payable on demand. Amortization: None. Funding Protection: Customary for transactions of this type, including breakage costs, gross-up for withholding, compensation for increased costs and compliance with capital adequacy and other regulatory restrictions. Mandatory Prepayment: Prior to the Incremental Conversion Date and to the extent permitted by the Existing Credit Agreement, an amount equal to the amount of the net cash proceeds to the Borrower, Parent or any subsidiary of Parent (including Target) from (a) any direct or indirect public offering or private placement of any debt or equity or equity-linked securities (other than issuances pursuant to employee stock plans), (b) any future bank borrowings (except borrowings under the Existing Credit Agreement and under ordinary course local credit lines) and (c) subject to certain ordinary course exceptions and reinvestment rights, any future asset sales or receipt of casualty insurance proceeds will be used to repay the Incremental Bridge Loans, as a result of an asset sale or receipt of insurance proceeds, in each case at 100% of the principal amount of the Incremental Bridge Loans prepaid plus accrued interest to the date of prepayment. Any proceeds from the sale of Incremental Takeout Debt (as defined in the Fee Letters) funded or purchased by a Lender or one or more of its affiliates will be applied, first, to refinance the Incremental Bridge Loans held at that time by such Lender, and second, in accordance with the pro rata provisions otherwise applicable to prepayments. Except as set forth in the immediately preceding sentence, mandatory prepayments of the Incremental Bridge Loans shall be applied ratably among the outstanding Incremental Bridge Loans. Nothing in these mandatory prepayment provisions will restrict or prevent any holder of Incremental Bridge Loans from exchanging Incremental Bridge Loans for Incremental Exchange Notes on or after the first anniversary of ...

Reserve Adjusted Eurodollar Rate means a fluctuating rate per annum equal to (x) the rate per annum determined by the applicable Senior Credit Facilities Administrative Agent to be the London interbank offered rate, as currently published on the applicable Reuters screen page (or such other commercially available source providing such quotation of such rate as may be designated by the applicable Senior Credit Facilities Administrative Agent from time to time), or (y) if the rate in clause (x) above does not appear on such page or service or if such page or service is not available, the rate per annum determined by the applicable Senior Credit Facilities Administrative Agent to be the offered rate on such other page or other service which displays an average London interbank offered rate or (z) if the rates in clauses (ii)(x) and (ii)(y) are not available, the quotation rate offered to the applicable Senior Credit Facilities Administrative Agent in the London interbank market, in each case as adjusted for applicable reserve requirements; provided that at no time will the reserve adjusted Eurodollar Rate with respect to the Term Loan Facility be deemed to be less than 1.00% per annum and, with respect to the Revolving Facility and the LC Facility, 0% per annum and (iii) “Prime Rate means the rate of interest last quoted by The Wall Street Journal as the “Prime Rate” in the U.S. or, if The Wall Street Journal ceases to quote such rate, the highest rate per annum interest rate published by the Federal Reserve Board in Federal Reserve Statistical Release H.15 (519) (Selected Interest Rates) as the “bank prime loan” rate or, if such rate is no longer quoted therein, any similar rate quoted therein (as determined by the applicable Senior Credit Facilities Administrative Agent) or any similar release by the Federal Reserve Board (as determined by the applicable Senior Credit Facilities Administrative Agent). The Company may elect interest periods of 1, 2, 3 or 6 months (or, with the consent of all Revolving Lenders, 12 months or less) for reserve adjusted Eurodollar Rate borrowings. Calculation of interest shall be on the basis of the actual days elapsed in a year of 360 days (or 365 or 366 days, as the case may be, in the case of Base Rate loans based on the Prime Rate) and interest shall be payable at the end of each interest period and, in any event, at least every 3 months and on the applicable maturity date.

Reserve Adjusted Eurodollar Rate definition

Filter & Search

Related Definitions