Domestic Reserve Percentage means for any day that percentage (expressed as a decimal) 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 maximum reserve requirement (including without limitation any basic, supplemental or emergency reserves) for a member bank of the Federal Reserve System in New York City with deposits exceeding five billion dollars in respect of new non-personal time deposits in dollars in New York City having a maturity comparable to the related Interest Period and in an amount of $100,000 or more. The Adjusted CD Rate shall be adjusted automatically on and as of the effective date of any change in the Domestic Reserve Percentage.

Domestic Reserve Percentage has the meaning set forth in Section 2.07(b).

Domestic Reserve Percentage has the meaning set forth in Section 2.7(b).

Examples of Domestic Reserve Percentage in a sentence

The Adjusted CD Rate shall be adjusted automatically on and as of the effective date of any change in the Domestic Reserve Percentage.
The CD Rate Basis shall apply to Interest Periods of thirty (30), sixty (60), ninety (90), one hundred eighty (180), two hundred seventy (270) and, subject to availability as determined by the Administrative Agent, three hundred sixty (360) days and, once determined, shall remain unchanged during the applicable Interest Period, except for changes to reflect adjustments in the Domestic Reserve Percentage, the Applicable Margin, and the Assessment Rate.

More Definitions of Domestic Reserve Percentage

Domestic Reserve Percentage means for any day that percentage (expressed as a decimal) 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 maximum reserve requirement (including, without limitation, any basic, supplemental or emergency reserves) for a member bank of the Federal Reserve System in New York City with deposits exceeding five billion dollars in respect of new non-personal time deposits in dollars in New York City having a maturity comparable to the related Interest Period and in an amount of $100,000 or more. The Adjusted CD Rate shall be adjusted automatically on and as of the effective date of any change in the Domestic Reserve Percentage.

Domestic Reserve Percentage means, for any Interest Period, the reserve percentage applicable on the first day of such Interest Period under regulations issued from time to time by the Board for determining the maximum reserve requirement (including, but not limited to, any emergency, supplemental or other marginal reserve requirement) for a member bank of the Federal Reserve System in New York City, with deposits exceeding one billion dollars with respect to liabilities consisting of or including (among other liabilities) U.S. dollar nonpersonal time deposits in the United States of America with a maturity equal to such Interest Period.

Domestic Reserve Percentage means for any day that percentage (expressed as a decimal) 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 actual reserve requirement (including, without limitation any basic, supplemental, or emergency reserves) for a member bank of the Federal Reserve System in New York, New York with deposits exceeding $1,000,000,000 in respect of new certificates of deposit having a maturity of three (3) months and in an amount of $100,000 or more. In the event that the foregoing reserve requirement is required by law to be determined on the basis of the aggregate of such deposits of the Administrative Agent, the Administrative Agent may use any reasonable allocation or attribution methods in determining the Domestic Reserve Percentage. The Adjusted CD Rate shall be adjusted automatically on and as of the effective date of any change in the Assessment Rate or the Domestic Reserve Percentage.

Domestic Reserve Percentage. As of any day, that percentage (expressed as a decimal) which is in effect on such day, as prescribed by the Board for determining the maximum reserve requirement (including without limitation, any basic, supplemental or emergency reserves) for a member bank of the Federal Reserve System, with deposits comparable in amount to those held by FBNA, in respect of new non-personal time deposits in dollars having a maturity comparable to the then remaining term of the Term Loan and in an amount of $100,000 or more. The rate of interest applicable to the Term Loan shall be adjusted automatically on and as of the effective date of any change in the Domestic Reserve Percentage.

Domestic Reserve Percentage means, for any Interest Period, the reserve percentage applicable on the first day of such Interest Period 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, but not limited to, any emergency, supplemental or other marginal reserve requirement) for a member bank of the Federal Reserve System in New York City with deposits exceeding one billion dollars with respect to liabilities consisting of or including (among other liabilities) U.S. dollar nonpersonal time deposits in the United States with a maturity equal to such Interest Period.

Domestic Reserve Percentage means for any day that percentage (expressed as a decimal) 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 maximum reserve requirement (including without limitation any basic, supplemental or emergency reserves) for a member bank of the Federal Reserve System in Boston, Massachusetts with deposits exceeding five billion dollars in respect of new non-personal time deposits in dollars in Boston, Massachusetts having a maturity comparable to the related Interest Period and in an amount of $100,000 or more. The Adjusted CD Rate shall be adjusted automatically on and as of the effective date of any change in the Domestic Reserve Percentage.