Adjusted CDOR Rate definition

Adjusted CDOR Rate means, with respect to any CDOR Rate Borrowing for any Interest Period, an interest rate per annum equal to the higher of (a) the CDOR Rate in effect for such Interest Period and (b) 0.00% per annum.
Sample 1Sample 2Sample 3
Adjusted CDOR Rate. With respect to any Term Benchmark Loans denominated in Canadian Dollars for any Interest Period, an interest rate per annum equal to (a) the Canadian CDOR Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate; provided that if the Adjusted CDOR Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement. Adjusted EURIBOR Rate. With respect to any Term Benchmark Loans denominated in Euro for any Interest Period, an interest rate per annum equal to (a) the EURIBOR Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate; provided that if the Adjusted EURIBOR Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement.
Sample 1Sample 2
Adjusted CDOR Rate means, for the Interest Period for any Eurocurrency Borrowing denominated in CAD, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to (a) the CDOR Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate for such Interest Period; provided that if such rate shall be less than the Floor, the Adjusted CDOR Rate shall be deemed to be equal to the Floor for the purposes of this Agreement.
Sample 1Sample 2

Examples of Adjusted CDOR Rate in a sentence

  • Interest on the Canadian Revolving Loans that are denominated in C$ shall bear interest on their respective outstanding principal balances at the Adjusted Canadian Prime Rate, except where it is expressly provided pursuant to this Agreement that the Adjusted CDOR Rate is to apply to such Canadian Revolving Loans that are denominated in C$.

  • All interest hereunder shall be computed on the basis of a year of 360 days, except that (i) interest computed by reference to the Alternate Base Rate at times when the Alternate Base Rate is based on the Prime Rate and (ii) interest computed by reference to the Adjusted CDOR Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day).

  • For any Business Day, an interest rate per annum equal to, for any Term Benchmark Loan denominated in (i) Dollars, Adjusted Term SOFR, (ii) Canadian Dollars, the Adjusted CDOR Rate, and (iii) Euros, the Adjusted EURIBOR Rate.

  • The Loans constituting each Eurocurrency Borrowing denominated in CAD shall bear interest at a rate per annum equal to the Adjusted CDOR Rate for the related Interest Period for such Borrowing plus the Applicable Margin.

  • The applicable Alternate Base Rate, Adjusted CDOR Rate, Adjusted EURIBO Rate and Adjusted Term SOFR Rate shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error.

  • The Loans constituting each CDOR Borrowing shall bear interest at a rate per annum equal to Adjusted CDOR Rate for the related Interest Period for such Borrowing plus the Applicable Margin.

  • Provided no Default or Event of Default has occurred and is continuing, and subject to the provisions of the last three (3) sentences of Subsection 2.8(a) hereinabove and the provisions of Section 2.9 hereof, the applicable Borrower may elect to have the Adjusted LIBOR Rate or Adjusted CDOR Rate, as the case may be, apply or continue to apply to all or any portion of the principal balances of the applicable Class of Revolving Loans to such Borrower.

  • The applicable Alternate Base Rate, Canadian Prime Rate, CDOR Rate, Adjusted CDOR Rate, Adjusted Term SOFR Rate, Adjusted Daily Simple RFR or Daily Simple RFR shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error.

  • On April 25, 2012, an additional Request was filed on behalf of LG Electronics Monterrey Mexico,S.A. de C.V. and its affiliate, LG Electronics USA, Inc.

  • The applicable Alternate Base Rate, Adjusted LIBOTerm SOFR Rate, LIBOTerm SOFR Rate, Adjusted EURIBOR Rate, XXXXXXX Xxxx, Adjusted XXXXX Xxxx, XXXXX Xxxx, Daily Simple XXXXX, Adjusted CDOR Rate and CDOR Rate, shall be determined by the Administrative Agent.


More Definitions of Adjusted CDOR Rate

Adjusted CDOR Rate means, with respect to any Eurocurrency Borrowing denominated in Canadian Dollars for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/100 of 1%) equal to (a) the CDOR Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate.
Sample 1
Adjusted CDOR Rate. With respect to any Term Benchmark Loans denominated in Canadian Dollars for any Interest Period, an interest rate per annum equal to (a) the Canadian CDOR Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate; provided that if the Adjusted CDOR Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement.
Sample 1
Adjusted CDOR Rate means, for the Interest Period for any Eurocurrency Borrowing denominated in CAD, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to (a) the CDOR Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate for such
Sample 1
Adjusted CDOR Rate means, with respect to any EurocurrencyTerm Benchmark Borrowing denominated in Canadian Dollars for any Interest Period, an interest rate per annum equal to (a) the CDOR Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate.
Sample 1
Adjusted CDOR Rate means, with respect to any Term Benchmark Borrowing denominated in Canadian Dollars for any Interest Period, an interest rate per annum equal to (a) the CDOR Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate; provided that if the Adjusted CDOR Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement. “Adjusted Daily Simple RFR” means with respect to any RFR Borrowing denominated in Dollars, an interest rate per annum equal to (a) the Daily Simple RFR for Dollars, plus (b) 0.10%; provided that if the Adjusted Daily Simple RFR as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement. “Adjusted Term SOFR Rate” means, for any Interest Period, an interest rate per annum equal to (a) the Term SOFR Rate for such Interest Period, plus (b) 0.10%; provided that if the Adjusted Term SOFR Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement. “Administrative Agent” means JPMorgan Chase Bank, N.A. (or any of its designated branch offices or affiliates), in its capacity as administrative agent for the Lenders hereunder.
Sample 1

Related to Adjusted CDOR Rate

  • Adjusted LIBO Rate means, with respect to any Eurodollar Borrowing for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to (a) the LIBO Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate.

  • CDOR Rate is defined in the definition of “Eurocurrency Rate” herein.

  • Benchmark Rate means, with respect to any Redemption Date, the rate per annum equal to the annual equivalent yield to maturity or interpolated maturity of the Comparable Benchmark Issue (as defined below), assuming a price for the Comparable Benchmark Issue (expressed as a percentage of its principal amount) equal to the Comparable Benchmark Price for such Redemption Date.

  • LIBO Rate means, with respect to any Eurodollar Borrowing for any Interest Period, the rate appearing on Page 3750 of the Telerate Service (or on any successor or substitute page of such Service, or any successor to or substitute for such Service, providing rate quotations comparable to those currently provided on such page of such Service, as determined by the Administrative Agent from time to time for purposes of providing quotations of interest rates applicable to dollar deposits in the London interbank market) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period, as the rate for dollar deposits with a maturity comparable to such Interest Period. In the event that such rate is not available at such time for any reason, then the "LIBO Rate" with respect to such Eurodollar Borrowing for such Interest Period shall be the rate at which dollar deposits of $5,000,000 and for a maturity comparable to such Interest Period are offered by the principal London office of the Administrative Agent in immediately available funds in the London interbank market at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period.

  • Reference Rate means the rate specified as such hereon.