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".
At any time when Borrower selects, converts to or renews the As-Offered Rate Option, CD Rate Option or the Euro-Rate Option, the Borrower shall fix a period acceptable to the Bank in the Bank's sole discretion (the "Rate Period"), which Rate Period shall not exceed 180 days, during which such Option shall apply to the corresponding Rate Segment.
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.
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".
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.
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 1.50%.
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 means the rate of interest determined pursuant to Section 3.01(a)(iv).
CD Rate Option means either the Revolving Credit CD Rate Option or -------------- the Line of Credit CD Rate Option. CD Rate Reserve Percentage shall mean the maximum effective percentage -------------------------- (expressed as a decimal, rounded upward to the nearest 1/100 of 1%), as determined in good faith by the Administrative Agent, which is in effect on such day as prescribed by the Board of Governors of the Federal Reserve System (or any successor) for determining the reserve requirements (including supplemental, marginal and emergency reserve requirements) for a member bank of such System in respect of nonpersonal time deposits in Dollars in the United States. The CD Rate shall be adjusted automatically as of the effective date of each change in the CD Rate Reserve Percentage. Cisco shall mean Cisco Systems, Inc., its successors and assigns. ----- Cisco Agreements shall mean collectively the Alliance Agreement dated ---------------- December 29, 1999, between Cisco and the Borrower and all ancillary agreements contemplated therein, including without limitation the Stock Purchase Agreement and Investor Rights Agreement of the same date between the same parties all other agreements and documents governing or relating to Cisco's investment in Borrower. Cisco Preferred Stock shall mean the Series A Mandatorily Redeemable --------------------- Convertible Preferred Stock of the Borrower which was outstanding prior to the IPO and was redeemed or converted prior to the date of the IPO. Closing Date shall mean the Business Day on which the first Loan shall ------------ be made, which shall be May 21, 2001. Commercial Letter of Credit shall mean any Letter of Credit which is a --------------------------- commercial letter of credit issued in respect of the purchase of goods or services by one or more of the Loan Parties in the ordinary course of their business. Commitment shall mean as to any Bank the aggregate of its Revolving ---------- Credit Commitment and Line of Credit Commitment and, in the case of the Administrative Agent, its Swing Loan Commitment, and Commitments shall mean the ----------- aggregate of the Revolving Credit Commitments, Line of Credit Commitments and the Swing Loan Commitment of all of the Banks and the Administrative Agent. Commitment Fee shall mean, as applicable the Line of Credit Commitment -------------- Fee and the Revolving Credit Commitment Fee. Committed Loan shall mean either a Line of Credit Loan, Revolving -------------- Credit Loan ...
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 shall have the meaning set forth in Section 2.04(a) hereof.