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

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Applicable Eurodollar Rate means, at any time, the sum of (x) the Adjusted Eurodollar Rate and (y) the Applicable Margin.

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%.

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.
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.
Except as provided below, to the extent permitted by applicable law, accrued but unpaid interest owing on this Note shall be added to the principal balance of this Note as of each Interest Payment Date applicable to the Eurodollar Rate Loan used in calculating the Then Applicable Eurodollar Rate, and shall accrue interest as if it were additional principal hereunder.

More Definitions of Applicable Eurodollar Rate

Applicable Eurodollar Rate means, for each quarterly period during which any Note is outstanding subsequent to the initial quarterly period, 550 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 Bear, Stearns & Co. 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. Notwithstanding the foregoing, the Applicable Eurodollar Rate will be 6.65% per annum through July 31, 2004.

Applicable Eurodollar Rate means the Adjusted Eurodollar Rate plus the applicable Eurodollar 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 2.25% ER = Eurodollar Rate ERP = Eurodollar Reserve Percentage

Applicable Eurodollar Rate means with respect to any Eurodollar Loan, the Eurodollar Revolver Rate or the Eurodollar Reserve Line Rate, as applicable to such Eurodollar Loan;

Applicable Eurodollar Rate means, for each Interest Period, the applicable LIBOR rate for deposits in U.S. dollars for a period of three months for the applicable Interest Period plus 3.25% per annum as determined by the Calculation Agent in accordance with the following provisions:

Applicable Eurodollar Rate means, for any Interest Period, the Adjusted Eurodollar Rate for such Interest Period plus the Applicable Eurodollar Rate Margin.

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.