Definition of Telerate Page

  1. Telerate Page means the page designated on the Telerate Service (or such other service as may be nominated by the British Bankers' Association as the information vendor) for the purpose of displaying British Bankers' Association Interest Settlement Rates for deposits of U.S. Dollars, currently displayed on Page 3750, or of the appropriate Alternative Currency. (c) Alternative Currencies. On the date the Company (acting on behalf of the applicable Borrower) requests a Borrowing of Eurocurrency Loans in an Alternative Currency to any Borrower, as provided in Section 2.2(a) below, the Administrative Agent shall promptly notify each Bank of the currency in which such Borrowing is requested. If such Alternative Currency is not available to a Bank in sufficient amount and for a sufficient term to enable it to make the Loan requested of it as part of such Eurocurrency Borrowing and such Bank so notifies the Administrative Agent no later than 3:00 p.m. (Chicago time) on the same day it receives notice from the Administrative Agent of such requested Loan, the Administrative Agent shall promptly so notify the Company. If the Company or any Borrowing Subsidiary nevertheless desires such Borrowing, the Company (acting on behalf of the applicable Borrower) must notify the Administrative Agent by no later than 4:00 p.m. (Chicago time) on such day. If the Administrative Agent does not receive such notice from the Company by 4:00 p.m. (Chicago time), the Company shall automatically be deemed to have revoked on behalf of such Borrower that Borrower's request for the Borrowing of Eurocurrency Loans and the Administrative Agent will promptly notify the Banks of such revocation. Such revocation shall not require any payment under the funding indemnity set forth in Section 5.8 hereof. If the Company (acting on behalf of the applicable Borrower) gives such notice by 4:00 p.m. (Chicago time), each Bank that did not notify the Administrative Agent by 3:00 p.m. (Chicago time) that the requested Alternative Currency is unavailable to it to fund the requested Loan shall, subject to Section 11 hereof, make its Loan in the requested Alternative Currency in ac cordance with Section 2.2(d) hereof. Each Bank that did so notify the Administrative Agent by 3:00 p.m. (Chicago time) that it would not be able to make the Loan requested from it shall, subject to Section 14 hereof, make a Eurocurrency Loan denominated in U.S. Dollars in the Original Dollar Amount of, and with the same Interest Period as, the Eurocurrency Loan such Bank was originally requested to make. Such Eurocurrency Loan denominated in U.S. Dollars shall be made by the affected Bank on the same day as the other Banks make their Eurocurrency Loans denominated in the applicable Alternative Currency as part of the relevant Borrowing of Eurocurrency Loans, but shall bear interest with reference to the LIBOR applicable to U.S. Dollars rather than the relevant Alternative Currency for the applicable Interest Period and shall be made available in accordance with the procedures for disbursing U.S. Dollar Loans under Section 2.2(d) hereof. Such an affected Bank's making of a Eurocurrency Loan in U.S. Dollars rather than in the Alternative Currency shall not require any payment under the funding indemnity set forth in Section 5.8 hereof. Any Loan made in an Alternative Currency shall be advanced in such currency, and all payments of principal and interest thereon shall be made in such Alternative Currency.

Examples of Telerate Page in a sentence

  1. Federal Funds Open Rate means the rate set forth on Moneyline Telerate Page 5 for an Interest Reset Date underneath the caption FEDERAL FUNDS in the row titled OPEN.

Definition of Telerate Page in Amended and Restated Credit Agreement

Telerate Page means the display designated on the Telerate Service (or such other service as may be nominated by the British Bankers Association as the information vendor for the purpose of displaying British Bankers Association Interest Settlement Rates) for U.S. Dollar deposits (currently displayed on Page 3750).


Definition of Telerate Page in Multicurrency Credit Agreement

Telerate Page means the page designated on the Telerate Service (or such other service as may be nominated by the British Bankers' Association as the information vendor) for the purpose of displaying British Bankers' Association Interest Settlement Rates for deposits of U.S. Dollars, currently displayed on Page 3750, or of the appropriate Alternative Currency. (c) Alternative Currencies. On the date the Company (acting on behalf of the applicable Borrower) requests a Borrowing of Eurocurrency Loans in an Alternative Currency to any Borrower, as provided in Section 2.2(a) below, the Administrative Agent shall promptly notify each Bank of the currency in which such Borrowing is requested. If such Alternative Currency is not available to a Bank in sufficient amount and for a sufficient term to enable it to make the Loan requested of it as part of such Eurocurrency Borrowing and such Bank so notifies the Administrative Agent no later than 3:00 p.m. (Chicago time) on the same day it receives notice from the Administrative Agent of such requested Loan, the Administrative Agent shall promptly so notify the Company. If the Company or any Borrowing Subsidiary nevertheless desires such Borrowing, the Company (acting on behalf of the applicable Borrower) must notify the Administrative Agent by no later than 4:00 p.m. (Chicago time) on such day. If the Administrative Agent does not receive such notice from the Company by 4:00 p.m. (Chicago time), the Company shall automatically be deemed to have revoked on behalf of such Borrower that Borrower's request for the Borrowing of Eurocurrency Loans and the Administrative Agent will promptly notify the Banks of such revocation. Such revocation shall not require any payment under the funding indemnity set forth in Section 5.8 hereof. If the Company (acting on behalf of the applicable Borrower) gives such notice by 4:00 p.m. (Chicago time), each Bank that did not notify the Administrative Agent by 3:00 p.m. (Chicago time) that the requested Alternative Currency is unavailable to it to fund the requested Loan shall, subject to Section 11 hereof, make its Loan in the requested Alternative Currency in ac cordance with Section 2.2(d) hereof. Each Bank that did so notify the Administrative Agent by 3:00 p.m. (Chicago time) that it would not be able to make the Loan requested from it shall, subject to Section 14 hereof, make a Eurocurrency Loan denominated in U.S. Dollars in the Original Dollar Amount of, and with the same Interest Period as, the Eurocurrency Loan such Bank was originally requested to make. Such Eurocurrency Loan denominated in U.S. Dollars shall be made by the affected Bank on the same day as the other Banks make their Eurocurrency Loans denominated in the applicable Alternative Currency as part of the relevant Borrowing of Eurocurrency Loans, but shall bear interest with reference to the LIBOR applicable to U.S. Dollars rather than the relevant Alternative Currency for the applicable Interest Period and shall be made available in accordance with the procedures for disbursing U.S. Dollar Loans under Section 2.2(d) hereof. Such an affected Bank's making of a Eurocurrency Loan in U.S. Dollars rather than in the Alternative Currency shall not require any payment under the funding indemnity set forth in Section 5.8 hereof. Any Loan made in an Alternative Currency shall be advanced in such currency, and all payments of principal and interest thereon shall be made in such Alternative Currency.