Adjusted CD Rate has the meaning set forth in Section 2.07(b).

Adjusted CD Rate applicable to any Interest Period means a rate per annum determined pursuant to the following formula: [ CDBR ]* ACDR = [ ---------- ] + AR [ 1.00 - DRP ] ACDR = Adjusted CD Rate CDBR = CD Base Rate DRP = Domestic Reserve Percentage AR = Assessment Rate __________ * The amount in brackets being rounded upward, if necessary, to the next higher 1/100 of 1% The "CD Base Rate" applicable to any Interest Period is the rate of interest determined by the Agent to be the average (rounded upward, if necessary, to the next higher 1/100 of 1%) of the prevailing rates per annum bid at 10:00 A.M. (New York City time) (or as soon thereafter as practicable) on the first day of such Interest Period by two or more New York certificate of deposit dealers of recognized standing for the purchase at face value from each CD Reference Bank of its certificates of deposit in an amount comparable to the principal amount of the CD Loan of such CD Reference Bank to which such Interest Period applies and having a maturity comparable to such Interest Period.

Adjusted CD Rate has the meaning set forth in Section 2.7(b).

Examples of Adjusted CD Rate in a sentence

Any portions of the principal amount of the Loans to the Company as to which the Company has elected pursuant to Section 3.1 to pay interest based on the Adjusted C/D Rate.
The Adjusted C/D Rate shall be adjusted automatically on and as of the effective date of any change in the Reserve Percentage.
Any overdue principal of or interest on any CD Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the higher of (i) the sum of the Applicable Margin for such day plus the Adjusted CD Rate applicable to such Loan and (ii) the rate applicable to Base Rate Loans for such day.
For any Interest Period with respect to Adjusted C/D Rate Amounts, an interest rate per annum determined by the Agent pursuant to the following formula: Adjusted C/D = (Domestic C/D Rate) + Assessment + Applicable Margin Rate (1.00 - Reserve Rate Percentage) The components of the fraction used to calculate the Adjusted C/D Rate shall be rounded upward, if necessary, to the next higher 1/100 of 1%.
Any portions of the principal amount of the Loans to the Company on which the Company has not elected pursuant to Section 3.1 hereof to pay interest based on the Eurodollar Rate or the Adjusted C/D Rate.

More Definitions of Adjusted CD Rate

Adjusted CD Rate applicable to any Interest Period means a rate per annum determined pursuant to the following formula: [CDBR]* ACDR = ---------------- + AR [1.00-DRP] ACDR = Adjusted CD Rate CDBR = CD Base Rate DRP = Domestic Reserve Percentage AR = Assessment Rate * The amount in brackets being rounded upward, if necessary, to the next higher 1/100 of 1%

Adjusted CD Rate applicable to any Interest Period means a rate per annum determined pursuant to the following formula: ACDR = Adjusted CD Rate CDBR = CD Base Rate DRP = Domestic Reserve Percentage AR = Assessment Rate * The amount in brackets being rounded upward, if necessary, to the next higher 1/100 of 1% The "CD Base Rate" applicable to any Interest Period is the rate of interest determined by the Administrative Agent to be the average (rounded upward, if necessary, to the next higher 1/100 of 1%) of the prevailing rates per annum bid at 10:00 A.M. (New York City time) (or as soon thereafter as practicable) on the first day of such Interest Period by two or more New York certificate of deposit dealers of recognized standing for the purchase at face value from each CD Reference Bank of its certificates of deposit in an amount comparable to the principal amount of the CD Loan of such CD Reference Bank to which such Interest Period applies and having a maturity comparable to such Interest Period.

Adjusted CD Rate applicable to any Interest Period means a rate per annum determined pursuant to the following formula:

Adjusted CD Rate means, for any day, the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) determined by the Agent to be equal to the sum of (a) the quotient of (i) the CD Rate for such day divided by (ii) 1 minus the Reserve Requirement plus (b) the Assessment Rate.