Base Eurodollar Rate means, for any Interest Period for each Eurodollar Rate Loan comprising part of the same Advance, the London interbank offered rate as administered by ICE Benchmark Administration (or any other Person that takes over the administration of such rate) for U.S. dollars for a period equal in length to such Interest Period as displayed on pages LIBOR01 or LIBOR02 of the Reuters screen or, in the event such rate does not appear on either of such Reuters pages, on any successor or substitute page on such screen that displays such rate, or on the appropriate page of such other information service that publishes such rate as shall be selected by the Agent from time to time in its reasonable discretion (in each case the “LIBOR Screen Rate”) at approximately 11:00 a.m., London time, two (2) Business Days prior to the commencement of such Interest Period; provided that, if the LIBOR Screen Rate shall be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement; provided, further, that if a LIBOR Screen Rate shall not be available at such time for such Interest Period (the “Impacted Interest Period”), then the Base Eurodollar Rate for such Interest Period shall be the Interpolated Rate; provided, that, if any Interpolated Rate shall be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement.

Base Eurodollar Rate means, with respect to any Eurodollar Interest Period applicable to a Borrowing of Eurodollar Rate Loans, an interest rate per annum determined by the Payment and Disbursement Agent to be the rate per annum at which deposits in Dollars are offered by the principal office of the Reference Bank in London, England to major banks in the London interbank market at approximately 11:00 a.m. (London time) on the Eurodollar Interest Rate Determination Date for such Eurodollar Interest Period for a period equal to such Eurodollar Interest Period and in an amount substantially equal to the amount of the Eurodollar Rate Loan.

Base Eurodollar Rate means, with respect to a Eurodollar Advance for the relevant Interest Period, the per annum interest rate determined by the offered rate per annum at which deposits in U.S. dollars, for a period equal or comparable to such Interest Period, appears on page 3750 (or any successor page) of the Dow Xxxxx Market Service as of 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period (rounded upwards, if necessary, to the next 1/100 of 1%), or in the event such offered rate is not available from the Dow Xxxxx Market Service page, the average rate offered on deposits in U.S. dollars, for a period equal or comparable to such Interest Period, to the Agent by prime banks in the London interbank market at approximately 11:00 a.m. (London time), two Business Days prior to the first day of such Interest Period (rounded upwards, if necessary, to the next 1/100 of 1%), and in an amount substantially equal to the amount of JPMorgan Chase Bank, N.A.’s relevant Eurodollar Rate Loan for such Interest Period (or, in the event that JPMorgan Chase Bank, N.A. is not a Bank hereunder, in the amount of $5,000,000) .

Examples of Base Eurodollar Rate in a sentence

Determination of amounts payable under such Sections in connection with a Eurodollar Rate Loan shall be calculated as though each Bank funded each Eurodollar Rate Loan through the purchase of a deposit of the type and maturity corresponding to the deposit used as a reference in determining the Base Eurodollar Rate applicable to such Loan whether in fact that is the case or not.
Determination of amounts payable under such Sections in connection with a Eurodollar Rate Loan shall be calculated as though each Bank funded each Eurodollar Rate Loan through the purchase of a deposit of the type and maturity corresponding to the deposit used as a reference in determining the Base Eurodollar Rate applicable to such Eurodollar Rate Loan whether in fact that is the case or not.
The Borrower requests that the Lenders make a Revolving Credit Loan which is a [Base] [Eurodollar] Rate Loan on [proposed Drawdown Date]1 for the Interest Period commencing on [proposed Drawdown Date] and ending on [ ]2 in the principal amount of [$ ]3 Please acknowledge receipt of this letter by signing and returning to us the enclosed copy.
The Borrower requests that the Lenders make a Revolving Credit Loan4 which is a [Base] [Eurodollar] Rate Loan on [proposed Drawdown Date]5/ for the Interest Period commencing on [proposed Drawdown Date] and ending on [ ]6/ in the principal amount of [$ ]7/.
Said Eurodollar Rate Loan represents a [conversion/continuation] of the [Base] [Eurodollar] Rate Loan in the same amount made on __________.

More Definitions of Base Eurodollar Rate

Base Eurodollar Rate means, with respect to any Eurodollar Loan, a rate per annum equal to the offered rate for U.S. Dollar deposits, in an amount equal to amount of the Eurodollar Loan proposed to be subject to such rate and with maturities comparable to such Eurodollar Interest Period, that appears on Telerate Page 3750 as of approximately 11:00 a.m., London time, two (2) Eurodollar Business Days prior to the commencement of such Eurodollar Interest Period; provided that if such rate does not appear on Telerate Page 3750, the "Base Eurodollar Rate" applicable to a particular Eurodollar Interest Period shall mean a rate per annum equal to the rate at which U.S. Dollar deposits, in an amount equal to the principal amount of the Eurodollar Loans proposed to be subject to such rate and with maturities comparable to such Eurodollar Interest Period, are offered in immediately available funds in the London Interbank Market to the London office of the Agent by leading banks in the London Interbank Market as of approximately 11:00 a.m., London time, two (2) Eurodollar Business Days prior to the commencement of the Eurodollar Interest Period to which such Base Eurodollar Rate is applicable.

Base Eurodollar Rate means, with respect to a Eurodollar Advance for the relevant Interest Period, the per annum interest rate determined by the offered rate per annum at which deposits in U.S. dollars, for a period equal or comparable to such Interest Period, appears on Telerate page 3750 (or any successor page) as of 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period, or in the event such offered rate is not available from the Telerate page, the rate offered on deposits in U.S. dollars, for a period equal or comparable to such Interest Period, by Bank One's London Office to prime banks in the London interbank market at approximately 11:00 a.m. (London time), two Business Days prior to the first day of such Interest Period, and in an amount substantially equal to the amount of Bank One's relevant Eurodollar Rate Loan for such Interest Period.

Base Eurodollar Rate means, with respect to any Eurodollar Interest Period applicable to a Borrowing of Eurodollar Rate Loans, an interest rate per annum determined by the Agent to be the average (rounded upward to the nearest whole multiple of one-sixteenth of one percent (0.0625%) per annum if such average is not such a multiple) of the rates per annum specified by notice to the Agent by Citibank as the rate per annum at which deposits in Dollars are offered by the principal office of Citibank in London, England to major banks in the London interbank market at approximately 11:00 a.m. (London time) on the Eurodollar Interest Rate Determination Date for such Eurodollar Interest Period for a period equal to such Eurodollar Interest Period and in an amount substantially equal to the amount of the Eurodollar Rate Loan to be outstanding to Citicorp for such Eurodollar Interest Period.

Base Eurodollar Rate means a rate per annum equal to the rate for deposits in Dollars with maturities comparable to the applicable Interest Period which appears on Reuters Page LIBOR1 as of 11:00 A.M., London time, on the Quotation Date; provided, however, if such rate does not appear on Reuters Page LIBOR1, or if Reuters Page LIBOR1 is no longer available, the “Base Eurodollar Rate” shall be determined by reference to such other comparable publicly available service for displaying eurodollar rates as may be selected by the Administrative Agent or, in the absence of such availability, by reference to the rate at which the Administrative Agent is offered Dollar deposits at or about 11:00 A.M., London time, two Business Days prior to the beginning of such Interest Period in the interbank eurodollar market where its eurodollar and foreign currency and exchange operations are then being conducted for delivery on the first day of such Interest Period for the number of days comprised therein.

Base Eurodollar Rate means, with respect to any Interest Period applicable to a Borrowing of Eurodollar Rate Loans, the per annum interest rate determined by the offered rate per annum at which deposits in Dollars appears on Telerate page 3750 (or any successor page) as of 11:00 a.m. (London time), or in the event such offered rate is not available from the Telerate page, the rate offered on deposits in Dollars by Citibank's London Office to prime banks in the London interbank market at 11:00 a.m. (London time), on the Eurodollar Interest Rate Determination Date for such Interest Period and in an amount substantially equal to the amount of the Eurodollar Rate Loan to be outstanding from Citicorp North America, Inc. for such Interest Period.

Base Eurodollar Rate means, with respect to a Eurodollar Advance for the relevant Interest Period, the per annum interest rate determined by the offered rate per annum at which deposits in U.S. dollars, for a period equal or comparable to such Interest Period, appears on page 3750 (or any successor page) of the Dow Xxxxx Market Service as of 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period, or in the event such offered rate is not available from the Dow Xxxxx Market Service page, the rate offered on deposits in U.S. dollars, for a period equal or comparable to such Interest Period, by JPMorgan’s London Office to prime banks in the London interbank market at approximately 11:00 a.m. (London time), two Business Days prior to the first day of such Interest Period, and in an amount substantially equal to the amount of JPMorgan’s relevant Eurodollar Rate Loan for such Interest Period.

Base Eurodollar Rate definition

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