Applicable Eurodollar Rate definition

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, 450 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 will instead be the rate at which UBS Securities 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 will be 9.6% per annum through August 1, 2006.

Applicable Eurodollar Rate means the sum of (a) the Eurodollar Rate plus (b) the Eurodollar Rate Margin, as each is in effect from time to time.

Examples of Applicable Eurodollar Rate in a sentence

• Borrower shall pay to Lender a L/C fee (the “L/C Fee”) for each Letter of Credit equal to the Applicable Eurodollar Rate Margin times the daily amount available to be drawn under such Letter of Credit.

• The outstanding principal amount of the Eurodollar Rate Syndicated Loans shall bear interest at the Applicable Eurodollar Rate.

• Each change in the Applicable Eurodollar Rate Margin based on a change in such long-term senior debt rating shall be effective for each Interest Period of each Eurodollar Rate Portion of the Loans commencing on or after the second Business Day after the date that the Borrower provides written notice to the Agent of such rating change.

• Borrower agrees to pay interest in respect of the unpaid principal amount of each Eurodollar Loan from the date the proceeds thereof are made available to Borrower until the earlier of (i) the maturity (whether by acceleration or otherwise) of such Eurodollar Loan or (ii) the conversion of such Eurodollar Loan to a Base Rate Loan pursuant to Section 2.6 at a rate per annum equal to the relevant Eurodollar Rate plus the Applicable Eurodollar Rate Margin.

• All Tranche B Loans shall bear interest at the ------------- Applicable Corporate Rate, unless the Companies elect to have a Tranche B Loan bear interest at (i) the Applicable Eurodollar Rate as permitted herein or (ii) an interest rate established pursuant to Paragraph 3(u) below.

More Definitions of Applicable Eurodollar Rate

Applicable Eurodollar Rate means, for each quarterly period during which any note is outstanding, 625 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 J.P. Morgan Securities Inc. 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.

Applicable Eurodollar Rate means the Adjusted Eurodollar Rate plus the applicable Eurodollar Spread.

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 -------- ......... 1-RR where ER = Eurodollar Rate RR = Reserve Requirement PS = Pricing Spread

Applicable Eurodollar Rate means the rate per annum (rounded upward, if necessary, to the next higher 1/32 of one percent (.03125%)) calculated in accordance with the following formula on each Business Day: ER + ----- Applicable Eurodollar Rate = 1-ERP 1.75% ER = Eurodollar Rate ERP = Eurodollar Reserve Percentage

Applicable Eurodollar Rate means, for each quarterly period during which any Note is outstanding subsequent to the initial quarterly period, 375 basis points over the rate determined by the Company (notice of such rate to be sent to the Trustee 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 at the time of such determination, the Applicable Eurodollar Rate for the relevant quarterly period shall instead be the rate at which Bear, Stearns & Co. Inc. or one of its affiliate banks offers to place dexxxxxx 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.

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

Applicable Eurodollar Rate has the meaning specified in Section 3.07(b).