Eurodollar Basis means a simple per annum interest rate (rounded upward, if necessary, to the nearest one-hundredth (1/100th) of one percent) equal to the sum of (a) the quotient of (i) the Eurodollar Rate divided by (ii) one minus the Eurodollar Reserve Percentage, if any, stated as a decimal, plus (b)
Eurodollar Basis means, with respect to each Eurodollar Loan Period, a simple per annum interest rate equal to the quotient of (a) the Eurodollar Rate divided by (b) one (1) minus the Eurodollar Reserve Percentage, stated as a decimal. The Eurodollar Basis shall remain unchanged during the applicable Eurodollar Loan Period, except for changes to reflect adjustments in the Eurodollar Reserve Percentage.
Eurodollar Basis means, with respect to each Eurodollar Advance Period, a simple per annum interest rate equal to the quotient of (a) the Eurodollar Rate divided by (b) one minus the Eurodollar Reserve Percentage, stated as a decimal. The Eurodollar Basis shall remain unchanged during the applicable Eurodollar Advance Period, except for changes to reflect adjustments in the Eurodollar Reserve Percentage.
Examples of Eurodollar Basis in a sentence
Interest shall accrue and be payable on each Eurodollar Advance at a rate per annum equal to (A) the Eurodollar Basis applicable to such Eurodollar Advance, plus (B) the Applicable Margin in effect from time to time and as more fully set forth in Section 2.3(f) below.
If the Borrower fails to give the Administrative Agent timely notice of its selection of a Eurodollar Basis, or if for any reason a determination of a Eurodollar Basis for any Advance is not timely concluded, such Advance shall be made as a Base Rate Advance.
Action and Responsibilities agreed by the Partners: IFAD, in the design of the second phase of RTIP, will propose activities to promote active collaboration between technical staff in various MOFA Divisions and staff from other responsible ministries to share knowledge and pool resources on selected product lines or outputs, through task forces or other means.
Interest shall accrue and be payable on the outstanding principal amount of each Eurodollar Advance of DIP Term Loan A at a rate per annum equal to the sum of (A) the Eurodollar Basis applicable to such Eurodollar Advance of DIP Term Loan A and (B) the Applicable Margin applicable to DIP Term Loan A.
Cash security deposit is taken because the supply to the consumer is given initially on credit basis.
More Definitions of Eurodollar Basis
Eurodollar Basis means a simple per annum interest rate (rounded upward, if necessary, to the nearest one-hundredth (1/100th) of one percent) equal to the sum of (a) the quotient of (i) the Eurodollar Rate divided by (ii) one minus the Eurodollar Reserve Percentage, stated as a decimal, plus (b) the Applicable Margin. The Eurodollar Basis shall apply to Interest Periods of one (1), two (2), three (3), six (6) and, if available to all applicable Lenders, nine (9) and twelve (12) months (each, a “Eurodollar Period”), and, once determined, shall remain unchanged during the applicable Interest Period, except for changes to reflect adjustments in the Eurodollar Reserve Percentage and the Applicable Margin pursuant to Section 2.3(f) hereof.
Eurodollar Basis means for any day a rate per annum equal to the “London Interbank Offered Rate” for a three-month term, as published in the “Money Rates” column of The Wall Street Journal, Central Edition, from time to time, or if any reason such rate is no longer available:
Eurodollar Basis means for any day a rate per annum equal to the “London Interbank Offered Rate” for a three-month term, as published in The Wall Street Journal (U.S. Edition) in the “London Interbank Offered Rates” column (or if The Wall Street Journal (U.S. Edition) is not published on such day, in the issue most recently published); provided, the Eurodollar Basis shall never be less than a rate of 0.15% per annum. Borrower acknowledges that (a) if more than one London Interbank Offered Rate is published at any time by The Wall Street Journal, the highest of such London Interbank Offered Rates shall constitute the London Interbank Offered Rate hereunder; provided, if the highest of such London Interbank Offered Rates shall be less than 0.15% per annum, such rate shall be deemed to be 0.15% per annum for purposes of this Note and each other Loan Document, and (b) if at any time The Wall Street Journal ceases to publish a London Interbank Offered Rate, Lender shall have the right to select a substitute rate that Lender determines, in the exercise of its reasonable commercial discretion, to be comparable to such London Interbank Offered Rate, and the substituted rate as so selected, upon the sending of written notice thereof to Borrower, shall constitute the London Interbank Offered Rate hereunder; provided, if such substituted rate shall be less than 0.15% per annum, such rate shall be deemed to be 0.15% per annum for purposes of this Note and each other Loan Document. The Wall Street Journal London Interbank Offered Rate is a reference rate and does not necessarily represent the lowest or best rate actually charged to any customer. Each determination by Lender of the London Interbank Offered Rate shall be conclusive and binding absent manifest error, and may be computed using any reasonable averaging and attribution method.
Eurodollar Basis means a simple per annum interest rate (rounded upward, if necessary, to the nearest one-hundredth of one percent (0.01%)) equal to the sum of (a) the quotient of (i) the Eurodollar Rate divided by (ii) one (1), minus the Eurodollar Reserve Percentage, stated as a decimal, plus (b) the Applicable Margin as determined by Section 2.3(f) hereof. The Eurodollar Basis shall apply to Interest Periods of one (1), two (2), three (3), six (6) and, subject to availability, nine (9) and twelve (12) months and, once determined, shall remain unchanged during the applicable Interest Period, except for changes to reflect adjustments in the Eurodollar Reserve Percentage and the Applicable Margin. The Borrower may elect an Interest Period of nine (9) or twelve (12) months for a Eurodollar Advance unless the Funding Agent has been notified by one (1) or more Lenders that such Lender does not have available to it funds for its portion of the proposed Advance which are not required for other purposes, that such funds are not available to such Lender at a rate at or below the Eurodollar Rate for such proposed Advance and Interest Period, or that such Lender does not agree (in its sole discretion) to fund its portion of such Advance.
Eurodollar Basis means a simple per annum interest rate equal to the sum of (a) the quotient of (i) the Eurodollar Rate divided by (ii) one minus the Eurodollar Reserve Percentage, stated as a decimal, plus (b)
Eurodollar Basis means a simple per annum interest rate equal to the sum of (a) (i) the Eurodollar Rate, plus (ii) the Applicable Margin. The Eurodollar Basis shall apply to Interest Periods of one (1), two (2), three (3) and six (6) months (each, a "Eurodollar Period"), and, once determined, shall remain unchanged during the applicable Interest Period, except for changes to reflect adjustments in the Applicable Margin pursuant to Section 2.3(e) hereof.
Eurodollar Basis means, with respect to any Eurodollar Rate Advance, a per annum interest rate equal to the lesser of (a) the Highest Lawful Rate, or (b) the sum of the Adjusted Eurodollar Rate applicable to such Eurodollar Rate Advance plus the Applicable Eurodollar Rate Margin.