CD Base Rate has the meaning set forth in Section 2.07(b).
CD Base Rate has the meaning set forth in Section 2.7(b).
CD Base Rate applicable to any Interest Period is the rate of interest determined by the Agent to be the average (rounded upward, if necessary, to the next higher 1/100 of 1%) of the prevailing rates per annum bid at 10:00 A.M. (New York City time) (or as soon thereafter as practicable) on the first day of such Interest Period by two or more New York certificate of deposit dealers of recognized standing for the purchase at face value from each CD Reference Bank of its certificates of deposit in an amount comparable to the principal amount of the CD Loan of such CD Reference Bank to which such Interest Period applies and having a maturity comparable to such Interest Period.
More Definitions of CD Base Rate
CD Base Rate means for any Interest Period the prevailing per annum rate of interest as reasonably determined by the Bank (rounded upward, if necessary, to the next higher 1/100 of 1%) bid at 11:00 a.m. (New York time) (or as soon thereafter as practicable) on the first day of such Interest Period by two or more certificate of deposit dealers of recognized standing selected by the Bank for the purchase at face value of US dollar certificates of deposit issued by major New York banks in an amount comparable to the principal amount of the CD Loan to which such Interest Period applies and with a maturity comparable to such Interest Period.
CD Base Rate means, with respect to any Interest Period, the rate of interest determined by Administrative Agent to be the arithmetic average (rounded upward, if necessary, to the next higher 1/10,000th of 1%) of the prevailing rates per annum bid at 9:00 a.m. (New York time) (or as soon thereafter as practicable) on the first day of such Interest Period by two (2) or more New York certificate of deposit dealers of recognized standing for the purchase at face value from each Domestic Reference Bank of its certificates of deposit in an amount comparable to the unpaid principal amount of the CD Loan of Lenders to which such Interest Period applies and having a maturity equal to such Interest Period.
CD Base Rate has the meaning set forth in Section 2.07(b). "CD Loan" means a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.
CD Base Rate means, with respect to any CD Rate Loan for the Interest Period applicable thereto, the interest rate per annum (expressed as a decimal and rounded upward, if necessary, to the next higher 1/100th of 1%) determined by the Agent to be the prevailing rate bid, at 10:00 a.m. (Charlotte time), or as soon thereafter as practicable, on the Business Day on which the applicable Interest Period commences, offered by two (2) or more certificate of deposit dealers of recognized standing for the purchase at face value from First Union of its negotiable certificates of deposit having a maturity comparable to the duration of the applicable Interest Period and in the approximate amount of such CD Rate Loan. If no such bids or offers are generally available or if the Agent determines that it is impossible or impractical for First Union actually to obtain such bids or offers from certificate of deposit dealers, then the Agent shall be entitled to determine the CD Base Rate by estimating in its reasonable judgment the interest rate per annum (as described above) that would be applicable if such bids and offers were generally available.
CD Base Rate means for any Interest Period the prevailing per annum rate of interest as reasonably determined by the Bank (rounded upward, if necessary, to the next higher 1/100 of 1%) bid at 11:00 a.m. (New York time) (or as soon thereafter as practicable) on the first day of such Interest Period by two PAGE
CD Base Rate means, with respect to any CD Loans, the arithmetic mean, as calculated by the Administrative Agent, of the respective rates per annum (rounded upwards, if necessary, to the nearest 1/20 of 1%) of the Reference Lenders, in each such case determined by the Reference Lender to be the average of the bid rates quoted to it at its principal office at approximately 10:00 a.m. New York City time (or as soon thereafter as practicable) on the first day of the Interest Period for such Loan by New York certificate of deposit dealers of recognized standing selected by such Reference Lender for the purchase at face value of certificates of deposit of such Reference Lender with a term, and in an amount, comparable to such Interest Period and the principal amount of the CD Loan which shall be made by such Reference Lender and outstanding during such Interest Period; provided that, if such quotations from such dealers are not available to such Reference Lender, such Lender shall notify the Administrative Agent of a reasonably equivalent rate determined by it on the basis of another source or sources selected by it.
CD Base Rate means with respect to any Loan Period for a CD Rate Loan ------------ the average of the bid rates (rounded to the nearest 1/100 of 1% or, if there is no nearest 1/100 of 1%, to the next higher 1/100 of 1%) quoted at 10:00 a.m., New York City time (or as soon thereafter as is practi cable), on the first Business Day of such Loan Period by two or more New York certificate of deposit dealers of recognized standing, selected by the Agent, for the purchase at face value of 30-day, 60-day, 90-day or 180-day, as the case may be, certificates of deposit sold by the Reference Banks in the secondary market in an amount substantially equal to the amount of such CD Rate Loan.