Common use of Reserve Rate Clause in Contracts

Reserve Rate. The rate, expressed as a decimal, at which the Lenders would be required to maintain reserves under Regulation D of the Board of Governors of the Federal Reserve System (or any subsequent or similar regulation relating to such reserve requirements) against "Eurocurrency Liabilities" (as such term is defined in Regulation D), or against any other category of liabilities which might be incurred by the Lenders to fund Eurodollar Loans, if such liabilities were outstanding.

Appears in 3 contracts

Samples: Revolving Credit and Term Loan Agreement (Waste Connections Inc/De), Revolving Credit and Term Loan Agreement (Waste Connections Inc/De), Revolving Credit and Term Loan Agreement (Waste Connections Inc/De)

AutoNDA by SimpleDocs

Reserve Rate. The rate, expressed as a decimal, at which the Lenders Banks would be required to maintain reserves under Regulation D of the Board of Governors of the Federal Reserve System (or any subsequent or similar regulation relating to such reserve requirements) against "Eurocurrency Liabilities" (as such term is defined in Regulation D), or against any other category of liabilities which might be incurred by the Lenders Banks to fund Eurodollar Loans, if such liabilities were outstanding. Revolving Credit Loans. Revolving credit loans made or to be made by the Banks to the Borrowers pursuant to Section 2.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Waste Connections Inc/De), Revolving Credit Agreement (Waste Connections Inc/De), Revolving Credit Agreement (Waste Connections Inc/De)

Reserve Rate. The rate, expressed as a decimal, at which the Lenders Banks would be required to maintain reserves under Regulation D of the Board of Governors of the Federal Reserve System (or any subsequent or similar regulation relating to such reserve requirements) against "Eurocurrency Liabilities" (as such term is defined in Regulation D), or against any other category of liabilities which might be incurred by the Lenders Banks to fund Eurodollar Loans, if such liabilities were outstanding. Revolving Credit Loans. Revolving credit loans made or to be made by the Banks to the Borrowers pursuant to §2.

Appears in 1 contract

Samples: Revolving Credit Agreement (Waste Connections Inc/De)

Reserve Rate. The For purposes relating to the computation of the Reserve Charge, the rate, expressed as a decimal, decimal at which the Lenders any Bank would be required to maintain reserves under Regulation D of the Board of Governors of the Federal Reserve System (or any subsequent or similar regulation relating to such reserve requirements) against "Eurocurrency Liabilitiesliabilities" (as such term is defined in Regulation D), or against any other category of liabilities which might be incurred by the Lenders to fund Eurodollar Loans, ) if such liabilities were outstanding.

Appears in 1 contract

Samples: Credit Agreement (Ionics Inc)

Reserve Rate. The rate, expressed as a decimal, at which the Lenders Banks would be required to maintain reserves under Regulation D of the Board of Governors of the Federal Reserve System (or any subsequent or similar regulation relating to such reserve requirements) against "Eurocurrency Liabilities" (as such term is defined in Regulation D), or against any other category of liabilities which might be incurred by the Lenders Banks to fund Eurodollar Loans, if such liabilities were outstanding. The Reserve Rate shall be adjusted automatically on and as of the effective date of any change in the Reserve Rate.

Appears in 1 contract

Samples: Revolving Credit Agreement (Nationsrent Inc)

AutoNDA by SimpleDocs

Reserve Rate. The rate, expressed as a decimal, at which the Lenders Banks would be required to maintain reserves under Regulation D of the Board of Governors of the Federal Reserve System (or any subsequent or similar regulation relating to such reserve requirements) against "Eurocurrency Liabilities" (as such term is defined in Regulation D), or against any other category of liabilities which might be incurred by the Lenders Banks to fund Revolving Credit Loans bearing interest based on the Eurodollar LoansRate, if such liabilities were outstanding.

Appears in 1 contract

Samples: Revolving Credit Agreement (Iteq Inc)

Reserve Rate. The rate, expressed as a decimal, at which the Lenders Banks would be required to maintain reserves under Regulation D of the Board of Governors of the Federal Reserve System (or any subsequent or similar regulation relating to such reserve requirements) against "Eurocurrency Liabilities" (as such term is defined in Regulation D), or against any other category of liabilities which might be incurred by the Lenders Banks to fund Loans bearing interest based on the Eurodollar LoansRate, if such liabilities were outstanding.

Appears in 1 contract

Samples: Revolving Credit Agreement (Waste Industries Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.