Adjusted EURIBOR Rate definition

Adjusted EURIBOR Rate means, with respect to any Eurocurrency Borrowing denominated in Euros 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.

Adjusted EURIBOR Rate means, with respect to any EURIBOR Borrowing for any Interest Period, an interest rate per annum (rounded upward, if necessary, to the nearest 1/100th of 1%) determined by the Administrative Agent to be equal to the sum of (a) (i) the EURIBOR Rate for such EURIBOR Borrowing in effect for such Interest Period divided by (ii) 1 minus the Statutory Reserves (if any) for such EURIBOR Borrowing for such Interest Period plus, (b) without duplication of any increase in interest rate attributable to Statutory Reserves pursuant to the foregoing clause (ii), the Mandatory Cost (if any).

Adjusted EURIBOR Rate means, with respect to any Term Benchmark Borrowing denominated in Euros 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.

Examples of Adjusted EURIBOR Rate in a sentence

• The applicable Base Rate, Adjusted EURIBOR Rate or Adjusted LIBOR Rate shall be determined by the Administrative Agent in accordance with the provisions of this Agreement and such determination shall be conclusive absent manifest error.

• The applicable Alternate Base Rate, Adjusted LIBO Rate, Adjusted EURIBOR Rate, HIBOR, SIBOR, Australian Bank Xxxx Rate or Canadian BA Rate shall be determined by the Administrative Agent or the applicable Issuing Bank, as the case may be, and such determination shall be conclusive absent manifest error.

• Subject to the provisions of Section 2.06(f), the Loans comprising each EURIBOR Borrowing, including each European Swingline Loan denominated in Euros, shall bear interest at a rate per annum equal to the Adjusted EURIBOR Rate for the Interest Period in effect for such Borrowing plus the Applicable Margin in effect from time to time.

• Subject to the provisions of Section 2.06(f), the Loans comprising each EURIBOR Borrowing shall bear interest at a rate per annum equal to the Adjusted EURIBOR Rate for the Interest Period in effect for such Borrowing plus the Applicable Margin in effect from time to time.

• For example, a Term SOFR Loan is a Loan that accrues interest using the Adjusted Term SOFR Screen Rate, and a EURIBOR Loan is a Loan that accrues interest using the Adjusted EURIBOR Rate.

More Definitions of Adjusted EURIBOR Rate

Adjusted EURIBOR Rate means, with respect to each Interest Period for a EURIBOR Loan, the rate per annum determined by the Administrative Agent by dividing (x) the EURIBOR Rate by (y) a number equal to 1.00 minus the then stated Reserve Percentage; provided, that in no event shall the EURIBOR Rate (i) with respect to Term Loans made on the Closing Date be deemed to be less than 0.00% for the purposes of this Agreement and (ii) with respect to the Revolving Loans be deemed to be less than 0.00% for the purposes of this Agreement.

Adjusted EURIBOR Rate with respect to any Borrowing of Term Benchmark Loans denominated in Euro for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to (a) the EURIBOR Rate for such Interest Period multiplied by (b) the Statutory Reserves.

Adjusted EURIBOR Rate means, with respect to any Term Benchmark Borrowing denominated in Euros for any Interest Period, an interest rate per annum equal to the greater of (a) (i) the EURIBOR Rate for such Interest Period multiplied by (ii) the Statutory Reserve Rate and (b) 0.00%.

Adjusted EURIBOR Rate is defined in Section 1.4(c) hereof.

Adjusted EURIBOR Rate means, as to any Borrowing denominated in any Euros for any Interest Period, an interest rate per annum equal to (a) the EURIBOR Rate for such Interest Period divided by (b) one minus the Statutory Reserve Percentage.

Adjusted EURIBOR Rate means, for any Interest Rate Determination Date with respect to a Fixed Rate Term for a Euro denominated Advance, the rate per annum obtained by dividing (i) the offered quotation (rounded upward to the nearest 1/100th of 1%) by first class banks in the London interbank market to Bank for deposits in Euro of amounts in same day funds comparable to the principal amount of the Euro-denominated Advance for which the Adjusted Euribor Rate is then being determined with maturities comparable to such Fixed Rate Term as of approximately 11:00 A.M. (London time) on such Interest Rate Determination Date by (ii) a percentage equal to 100% minus the stated maximum rate of all reserve requirements (including any marginal, emergency, supplemental, special or other reserves) applicable on such Interest Rate Determination Date to any member bank of the Federal Reserve System in respect of "Eurocurrency liabilities" as defined in Regulation D of the Federal Reserve Board (or any successor category of liabilities under Regulation D).

Adjusted EURIBOR Rate means, with respect to any Eurocurrency Borrowing denominated in Euros for any Interest Period, an interest rate per annum equal to the greater of (a) 0.75% and (b) the EURIBOR Rate in effect for such Interest Period.