CD Rate Option definition

CD Rate Option. A rate per annum (based on a year of 360 days and actual days elapsed) for each day during the applicable CD Rate Funding Period equal to the CD Rate for such day plus the Applicable Margin for such day. "CD RATE" for any day shall mean for each Funding Segment of the CD Rate Portion corresponding to a proposed or existing CD Rate Funding Period the rate per annum determined by the Administrative Agent by adding

CD Rate Option shall have the meaning set forth in Section 2.08(a)(ii) hereof.

CD Rate Option shall have the meanings assigned to such terms in Section 2.05(a)(ii) of this Agreement.

Examples of CD Rate Option in a sentence

• The "APPLICABLE MARGIN" with respect to the Base Rate Option, the CD Rate Option and the Euro-Rate Option shall be determined in accordance with the pricing grid set forth in the definition of "Applicable Margin".

• After the principal amount of any part of the As-Offered Rate Portion, the Euro-Rate Portion or CD Rate Portion shall have become due, such part shall bear interest for each day until paid (before and after judgment) (c) until the end of the applicable then-current Rate Period at a rate per annum 2% above the As-Offered Rate Option, CD Rate Option or Euro-Rate Option otherwise applicable to such part and (d) thereafter in accordance with the previous sentence.

• Partitioning the grid to equal-size cubes with an equal number of cells in each direction is an optimal choice with regard to both the communication overhead and load balance.

• If at the time the Terminating Bank makes a determination under this Section 2.05(d) the Borrower has previously notified the Agent that the Borrower wishes to select, convert to or renew the CD Rate Option or the Euro-Rate Option, as the case may be, but such Option has not yet gone into effect, such notification shall be deemed to provide for selection, conversion to or renewal of the Base Rate Option instead of the CD Rate Option or Euro-Rate Option, as the case may be.

• Interest on loans to which a CD Rate Option applies shall be due and payable on the last day of each Interest Period for those Loans and, if such Interest Period is longer than ninety (90) days, on the 90th day of such Interest Period.

More Definitions of CD Rate Option

CD Rate Option shall have the meaning set forth in Section 2.07(a)(ii) hereof.

CD Rate Option. For each Rate Segment of the CD Rate Portion, a rate per annum (computed on the basis of a year of 360 days and actual days elapsed) for each day equal to the CD Rate for such Rate Segment for such day plus 1.00%.

CD Rate Option. A rate per annum (based on a year of 360 days and actual days elapsed) for each day equal to the CD Rate for such day plus the Applicable Margin for such day. "CD Rate" for any day shall mean for each Funding Segment of the CD Rate Portion corresponding to a proposed or existing CD Rate Funding Period the rate per annum determined by the Agent by adding

CD Rate Option. A rate per annum (computed on the basis of a year of 360 days and actual days elapsed) equal to the CD Rate plus a percentage per annum (the "CD Rate Spread") which shall be determined at any time based on the Company Debt Rating at such time as follows: CD Rate Spread (expressed Company as basis points Debt Rating per annum) First Level Debt Rating 87.5 Second Level Debt Rating 110.0 Third Level Debt Rating 125.0 Fourth Level Debt Rating 140.0 The CD Rate Spread shall change automatically with any change in the Company Debt Rating. Any Borrowing Tranche of Facility A Loans under the CD Rate Option outstanding on the Sixth Amendment Effective Date will remain outstanding for the duration of the Interest Period applicable thereto but shall be subject to the interest rates set forth above; or (b)

CD Rate Option shall have the meaning set forth in Section 2.04(a) hereof.

CD Rate Option. A rate per annum (based on a year of 360 days and actual days elapsed) for each day during the applicable CD Rate Funding Period equal to the CD Rate for such day plus the Applicable Margin for such day. "CD Rate" for any day shall mean for each Funding Segment of the CD Rate Portion corresponding to a proposed or existing CD Rate Funding Period the rate per annum determined by the Administrative Agent by adding (A) the rate per annum (which shall be the same for each day in such CD Rate Funding Period) determined in good faith by the Administrative Agent in accordance with its usual procedures (which determination shall be conclusive absent manifest error) to be the arithmetic average of the secondary market bid rates at or about 8:00 a.m., Los Angeles time, on the first day of such CD Rate Funding Period by dealers of recognized standing in negotiable certificates of deposit for the purchase at face value of negotiable certificates of deposit of major money center banks for delivery on such day in amounts comparable to such Funding Segment and having maturities comparable to such CD Rate Funding Period plus (B) the Assessment Rate. "Assessment Rate" for any day shall mean the rate per annum (rounded upward to the nearest 1/100 of 1%) determined in good faith by the Administrative Agent in accordance with its usual procedures (which determination shall be conclusive absent manifest error) to be the maximum effective rate per annum payable by a depository institution insured by the Federal Deposit Insurance Corporation (or any successor) for such day as an assessment for insurance on Dollar time deposits, exclusive of any credit that is or may be allowed against such assessment on account of assessment payments made or to be made by such depository institution. The CD Rate shall be adjusted automatically as of the effective date of each change in the Assessment Rate. The CD Rate Option shall be calculated in accordance with the foregoing if any Lender is actually required to pay FDIC assessments or, if required to pay such assessments, is required to pay such assessments at the "Assessment Rate" as herein defined. The Administrative Agent shall give prompt notice to the Borrower and to the Lenders of the CD Rate determined or adjusted in accordance with the definition of CD Rate, which determination or adjustment shall be conclusive if made in good faith. (iii) Euro-Rate Option: A rate per annum (based on a year of 360 days and actual days elapsed) for eac...

CD Rate Option means the rate of interest determined pursuant to Section 3.01(a)(iv).