Applicable Reserve Percentage means, for any period, the percentage, if any, applicable during such period (or, if more than one such percentage shall be so applicable, the daily average of such percentages for those days in such period during which any such percentage shall be so applicable) under regulations issued from time to time by the Board of Governors of the Federal Reserve System (or any successor) for determining the maximum reserve requirement (including any basic, emergency, supplemental, marginal or other reserve requirements) with respect to liabilities or assets consisting of or including Eurocurrency Liabilities having a term of three months.
Applicable Reserve Percentage means, with respect to any Accounting Period, or portion thereof, the greater of $250.00 per year per licensed bed or living unit located on the Leased Property, prorated for such Accounting Period and divided by and expressed as a percentage of Total Facility Revenues for such Accounting Period, or (i) with respect to the period beginning on the later to occur of the Opening Date or the Commencement Date and ending on the last day of the twenty-fourth (24th) full Accounting Period next following, one percent (1%) of Total Facility Revenue; (ii) with respect to the twenty-fifth (25th) through sixtieth (60th) full Accounting Periods next following the Opening Date, two percent (2%) of Total Facility Revenue, and, (iii) with respect to each Accounting Period thereafter, three percent (3%) of Total Facility Revenue.
Applicable Reserve Percentage means for any day, the percentage (expressed as a decimal and rounded upwards, if necessary, to the next higher 1/100th of 1%) which is in effect for such day as prescribed by any banking authority or other applicable Governmental Authority (or any successor) to which any Lender is subject for determining the maximum reserve requirement (including without limitation any basic, supplemental or emergency reserves) for purposes of making Loans at the LIBOR Rate or any other category of deposits or liabilities by reference to which the LIBOR Rate is determined. The Applicable Reserve Percentage shall be adjusted automatically on and as of the effective date of any change in any reserve percentage.
Examples of Applicable Reserve Percentage in a sentence
Tenant shall on the last day of each Accounting Period during the Term, transfer into the Reserve an amount equal to the Applicable Reserve Percentage of Total Facility Revenues for such Accounting Period (based upon estimates of Total Facility Revenue if necessary, to be adjusted as soon as Tenant has had an opportunity to confirm actual Total Facility Revenue).
More Definitions of Applicable Reserve Percentage
Applicable Reserve Percentage means for any day, the percentage which is in effect for such day as prescribed by any banking authority or other applicable Governmental Authority (or any successor) to which any Lender is subject for determining the maximum reserve requirement (including without limitation any basic, supplemental or emergency reserves) for purposes of making Loans at the LIBOR Rate or any other category of deposits or liabilities by reference to which the LIBOR Rate is determined. The Applicable Reserve Percentage shall be adjusted automatically on and as of the effective date of any change in any reserve percentage.
Applicable Reserve Percentage means, with respect to any Accounting Period, or portion thereof, the greater of (x) $350.00 per year per licensed bed (if applicable) or living unit located on the Leased Property, prorated for such Accounting Period and divided by and expressed as a percentage of Total Facility Revenues for such Accounting Period, or (y) with respect to (i) the period beginning on the Commencement Date and ending on the last day of the sixtieth (60th) full Accounting Period next following the Commencement Date, two percent (2%) of Total Facility Revenue, and, (ii) with respect to each Accounting Period thereafter, three percent (3%) of Total Facility Revenue.
Applicable Reserve Percentage means (i) with respect to the period beginning on the later to occur of the Opening Date or the Commencement Date and ending on the last day of the thirty-sixth (36th) full Accounting Period next following, two percent (2%) of Total Facility Revenue; and (ii) with respect to each Accounting Period thereafter, two and one half percent (2.5%) of Total Facility Revenue.
Applicable Reserve Percentage means (1) 35%, from March 31, 2015 to June 30, 2015 and (2) thereafter a percentage, determined by the Administrative Agent (which shall provide notice of such percentage to the Borrower) on a quarterly basis for the next succeeding Exhibit H to Credit Agreement - Form of Revolving Borrowing Base Certificate revenues represented by revenues received from Distributed and Licensed Content and Owned Library Content and (z) 75%; less
Applicable Reserve Percentage means (i) four percent (4%) of Gross Revenues for each Accounting Period for the period commencing on the Commencement Date and ending on December 31, 2007, (ii) four and one-fourth percent (4.25%) of Gross Revenues for each Accounting Period beginning on January 1, 2008 and ending on December 31, 2008, (iii) four and one-half percent (4.50%) of Gross Revenues for each Accounting Period beginning on January 1, 2009 and ending on December 31, 2009, (iv) four and three-fourths percent (4.75%) of Gross Revenues for each Accounting Period beginning on January 1, 2010 and ending on December 31, 2010, and five percent (5%) of Gross Revenues for each Accounting Period thereafter.
Applicable Reserve Percentage means, (i) with respect to any Accounting Period during Accounting Year 1, or portion thereof, TWO PERCENT (2%) of Total Facility Revenues, (ii) with respect to any Accounting Period during Accounting Year 2, or portion thereof, TWO AND ONE-HALF OF ONE PERCENT (2.5%) of Total Facility Revenues, (i) with respect to any Accounting Period during Accounting Year 3 and each Accounting Year thereafter, or portion thereof, THREE PERCENT (3%) of Total Facility Revenues.