Applicable Eurodollar Rate means, with respect to any Eurodollar -------------------------- Loan for the Interest Period applicable to such Eurodollar Loan, the rate per annum (rounded upward, if necessary, to the next higher 1/1000 of one percent (.001%)) calculated in accordance with the following formula: ER + --------- Applicable Eurodollar Rate = 1-ERP AS where ER = Eurodollar Rate ERP = Eurodollar Reserve Percentage AS = Applicable Spread
Applicable Eurodollar Rate means, for each quarterly period during which any Note is outstanding subsequent to the initial quarterly period, 475 basis points over the rate determined by the Company (notice of such rate to be sent to the Trustee by the Company on the date of determination thereof) equal to the applicable British Bankers' Association LIBOR rate for deposits in U.S. dollars for a period of three months as reported by any generally recognized financial information service as of 11:00 a.m. (London time) two Business Days prior to the first day of such quarterly period; provided that, if no such British Bankers' Association LIBOR rate is available to the Company, the Applicable Eurodollar Rate for the relevant quarterly period shall instead be the rate at which Credit Suisse First Boston LLC or one of its affiliate banks offers to place deposits in U.S. dollars with first-class banks in the London interbank market for a period of three months at approximately 11:00 a.m. (London time) two Business Days prior to the first day of such quarterly period, in amounts equal to $1.0 million. Notwithstanding the foregoing, the Applicable Eurodollar Rate for the initial quarterly period beginning on the date of issuance and ending August 1, 2004 shall be 5.89%.
Applicable Eurodollar Rate means, at any time, the sum of (x) the Adjusted Eurodollar Rate and (y) the Applicable Margin.
Examples of Applicable Eurodollar Rate in a sentence
Except as otherwise provided in Section 3.7, the unpaid principal amount of any Eurodollar Rate Advance shall bear interest at a rate per annum equal to the Eurodollar Rate for that Eurodollar Rate Advance plus the Applicable Eurodollar Rate Margin.
Except as otherwise provided in Sections 3.1(d) and 3.8, the unpaid principal amount of any Eurodollar Rate Loan shall bear interest at a rate per annum equal to the Eurodollar Rate for that Eurodollar Rate Loan plus the Applicable Eurodollar Rate Margin.
Except as otherwise provided in Section 3.7, the unpaid principal amount of any Eurodollar Rate Loan shall bear interest at a rate per annum equal to the sum of the Eurodollar Rate for that Eurodollar Rate Loan plus the Applicable Eurodollar Rate Spread.
For Eurodollar Rate Loans, at a rate per annum equal at all times during the applicable Interest Period for each Eurodollar Rate Loan to the sum of the Eurodollar Rate for such Interest Period plus the Applicable Eurodollar Rate Margin, payable in arrears (i) on the last day of such Interest Period and (ii) if such Interest Period has a duration of more than three months, on each day during such Interest Period that occurs every three months from the first day of such Interest Period.
As used in this Note, "Then Applicable Eurodollar Rate" shall mean, at any time, and from time to time, the Eurodollar Rate then applicable to the Loans under the Senior Credit Agreement (including Revolving Credit Loans and Term Loans), or any portion thereof, for the Eurodollar Rate Loan with the Interest Period with the then shortest remaining duration.
More Definitions of Applicable Eurodollar Rate
Applicable Eurodollar Rate means, for each quarterly period from and including each interest payment date to but excluding the next interest payment date during which any Floating Rate Note is outstanding subsequent to the initial quarterly period, 750 basis points over the rate determined by the Company (notice of such rate to be sent to the Trustee by the Company on the date of determination thereof) equal to the applicable British Bankers' Association LIBOR rate for deposits in U.S. dollars for a period of three months as reported by any generally recognized financial information service as of 11:00 a.m. (London time) two business days prior to the first day of such quarterly period; provided that, if no such British Bankers' Association LIBOR rate is available to the Company, the Applicable Eurodollar Rate for the relevant quarterly period shall instead be the rate at which Credit Suisse First Boston LLC or one of its affiliate banks offers to place deposits in U.S. dollars with first-class banks in the London interbank market for a period of three months at approximately 11:00 a.m. (London time) two business days prior to the first day of such quarterly period, in amounts equal to $1.0 million. Notwithstanding the foregoing, the Applicable Eurodollar Rate for the initial quarterly period beginning on the Date of Issuance to but excluding the first quarterly interest payment date shall be 8.64%.
Applicable Eurodollar Rate means with respect to any Eurodollar Interest Period, the rate per annum (rounded upward, if necessary, to the next higher one one hundredth of one percent (.01%)) calculated in accordance with the following formula: Applicable Eurodollar Rate = ER + PS -------- ..
Applicable Eurodollar Rate means the Adjusted Eurodollar Rate plus the applicable Eurodollar Spread.
Applicable Eurodollar Rate means for any Interest Period, the Eurodollar Rate on the first day of such Interest Period plus the Fixed Rate Loan Spread. "APPLICABLE INSURANCE REGULATORY AUTHORITY" shall mean, when used with reference to any Regulated Subsidiary, the insurance department or similar administrative agency or authority located in any State in which such Regulated Subsidiary is domiciled or licensed.
Applicable Eurodollar Rate means, for each quarterly period during which any Series A Note is outstanding subsequent to the initial quarterly period, 650 basis points over the rate determined by the Company (notice of such rate to be sent to the Trustee by the Company on the date of determination thereof), equal to the British Bankers' Association LIBOR rate for deposits in U.S. dollars for a period of three months as reported by any generally recognized financial information services as of 11:00 a.m. (London time) two Business Days immediately prior to the first day of such quarterly period; provided that, if no British Bankers' Association LIBOR rate is available to the Company, the Applicable Eurodollar Rate for the relevant quarterly period shall instead be the rate at which Credit Suisse First Boston LLC or one of its affiliate banks offers to place deposits in U.S. dollars with first-class banks in the London interbank market for a period of three months at approximately 11:00 a.m. (London time) two Business Days immediately prior to the first day of such quarterly period, in amounts equal to $1.0 million. The quarterly periods referred to in this definition shall commence on January 15, April 15, July 15 and October 15 of each year; provided that the Applicable Eurodollar Rate for the initial quarterly period commencing upon original issuance of the Series A Notes shall be determined pursuant to this definition on the date that is two Business Days immediately prior to the date of this Indenture. Notwithstanding the foregoing, the Company may delegate the determination of the Applicable Eurodollar Rate to any Calculation Agent pursuant to Section 2.03 hereof.
Applicable Eurodollar Rate means, for each quarterly period during which any note is outstanding subsequent to the initial quarterly period, 562.5 basis points over the rate per annum determined by the Company (notice of such rate to be sent to the Trustee by the Company on the date of determination thereof) equal to the arithmetic mean (rounded upward, if necessary, to the nearest 1/100th of 1%) of the offered rates for deposits in U.S. dollars for a period of three months that appears on the Telerate British Bankers Assoc. Interest Settlement Rates Page at approximately 11:00 a.m., London, England time, on the second full Business Day preceding the first day of such quarterly period; provided, however, that (i) if no comparable term for a quarterly period is available, the Applicable Eurodollar Rate for the relevant quarterly period shall be determined using the weighted average of the offered rates for the two terms most nearly corresponding to such quarterly period and (ii) if there shall at any time no longer exist a Telerate British Bankers Assoc. Interest Settlement Rates Page, "Applicable Eurodollar Rate" shall mean, with respect to each day during the relevant quarterly period, the rate per annum equal to the rate at which Bear, Xxxxxxx & Co. Inc. or one of its affiliate banks is offered deposits in U.S. dollars at approximately 11:00 a.m., London, England time, two Business Days prior to the first day of such quarterly period in the London interbank market for delivery on the first day of such quarterly period for a period of three months, in amounts equal to $1.0 million. Notwithstanding the foregoing, the Applicable Eurodollar Rate for the initial quarterly period shall be 10.34500%.
Applicable Eurodollar Rate means, for any Interest Period with respect to any Eurodollar Loan, the Eurodollar Rate plus 3.00%; provided, however, that (i) in the event that as of the Test Date for the Applicable Margin Period (A) the Adjusted Consolidated Debt Service Coverage Ratio for the Test Period ended on such Test Date is at least 1.50 to 1, such percentage shall be .25% less than the Applicable Eurodollar Rate that would otherwise be in effect after giving effect to the provisions of this definition other than this clause, and (B) the Adjusted Consolidated Debt Service Coverage Ratio for the Test Period ended on such Test Date