€STR definition

€STR means, in respect of any TARGET Business Day, the interest rate representing the wholesale Euro unsecured overnight borrowing costs of banks located in the Euro area provided by the European Central Bank as administrator of such rate (or any successor administrator) and published on the Website of the European Central Bank (as defined below) at or before 9:00 a.m. (Frankfurt time) (or, in case a revised euro short-term rate is published as provided in Article 4 subsection 3 of the ECB €STR Guideline at or before 11:00 a.m. (Frankfurt time), such revised interest rate) on the TARGET Business Day immediately following such TARGET Business Day;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

€STR means a rate equal to the Euro Short Term Rate as administered by the €STR Administrator.

€STR means suspicious transaction report;

Examples of €STR in a sentence

• If the Swing Line ▇▇▇▇▇▇ resigns as the Swing Line Lender, it shall retain all the rights of the Swing Line Lender provided for hereunder with respect to Swing Line Loans made by it and outstanding as of the effective date of such resignation, including the right to require the Lenders to make €STR Loans or fund risk participations in outstanding Swing Line Loans pursuant to Section 2.04(d).

• The applicable Alternate Base Rate, Term SOFR, EURIBOR or €STR shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error.

• Such request shall be made in writing (which written request shall be deemed to be a Borrowing Request for purposes hereof) and in accordance with the requirements of Section 2.02, without regard to the minimum and multiples specified therein for the principal amount of €STR Loans, but subject to the unutilized portion of the aggregate Revolving Credit Commitments and the conditions set forth in Section 4.02.

• The Administrative Agent and its affiliates or other related entities may engage in transactions that affect the calculation of the Alternate Base Rate, Term SOFR, the Term SOFR Reference Rate, EURIBOR, or €STR any alternative, successor or replacement rate (including any Benchmark Replacement) or any relevant adjustments thereto, in each case, in a manner adverse to the Borrower.

• Until each Revolving Lender funds its €STR Loan or risk participation pursuant to this Section 2.04 to refinance such Revolving Lender’s Applicable Percentage of any Swing Line Loan, interest in respect of such Applicable Percentage shall be solely for the account of the Swing Line Lender.

More Definitions of €STR

€STR means, in respect of any Business Day, a reference rate equal to the daily euro short-term rate for such euro Business Day as provided by the European Central Bank, as administrator of such rate (or any successor administrator of such rate), on the website of the European Central Bank, being as at the date of the Agency Agreement at http://www.ecb.europa.eu, or any successor website officially designated by the European Central Bank (the "ECB's Website") in each case, on or before 9:00 a.m., (Central European Time) on the Business Day immediately following such Business Day;

€STR means, in respect of any Business Day, a reference rate equal to the daily euro short term rate for such Business Day as provided by the European Central Bank, as administrator of such rate (or any successor administrator of such rate), on the European Central Bank's Website, in each case, on or before 9:00 a.m., (Central European Time) on the Business Day immediately following such Business Day;

€STR means, in respect of any TARGET Business Day, the interest rate representing the wholesale Euro unsecured overnight borrowing costs of banks located in the Eurozone provided by the European Central Bank as administrator of such rate (or any successor administrator) and published on the Website of the European Central Bank at or before 9:00 a.m. (Frankfurt time) (or, in case a revised euro short-term rate is published as provided in Article 4 subsection 3 of the ECB

€STR means suspicious transaction report; and

€STR means Smith Travel Research, an independent research firm recognized as an industry leader in the United States in providing hotel performance information and analysis; and

€STR means, in respect of any TARGET Business Day, a reference rate equal to the daily euro short- term rate as provided by the European Central Bank, as the administrator of such rate (or any successor administrator of such rate) on the website of the European Central Bank (or any successor administrator of such rate) or any successor source, in each case, at the time specified by, or determined in accordance with, the applicable methodology, policies or guidelines, of the administrator of such rate on the TARGET Business Day immediately following such TARGET Business Day;

€STR means, in respect of any €STR-Business Day, a reference rate equal to the daily euro short-term rate for such €STR-Business Day as provided by the European Central Bank, as administrator of such rate (or any successor administrator of such rate), on the website of the European Central Bank currently at www .ecb.europa.eu, or any successor website officially designated by the European Central Bank in each case, on or before 9:00 a.m. (Central European time) on the €STR-Business Day immediately following such €STR-Business Day.