Euro Overnight Rate means an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to the rate at which overnight deposits in Euro approximately equal in principal amount to such Borrowing are offered to the principal London office of the Administrative Agent in immediately available funds in the Euro interbank market at approximately 11:00 a.m., London time, on such day.
Euro Overnight Rate means, for any day, the sum of (a) the average of the rates per annum quoted at approximately 11:00 a.m., London time, to leading banks in the European interbank market by the Reference Banks for the offering of overnight deposits in Euro plus (b) the Applicable Rate. The Administrative Agent shall determine the Euro Overnight Rate by obtaining quotes from the Reference Banks, and if any such Reference Bank fails to timely provide such quote for any day, then the Euro Overnight Rate for such day shall be determined by the average based on the quotes from the Reference Banks that provided quotes on that day.
Euro Overnight Rate means the rate computed by the Benchmark Administrator or its agent with respect to EONIA or €STR on a particular business day.
Examples of Euro Overnight Rate in a sentence
Each Swing Line Loan denominated in (i) Canadian Dollars shall be a Canadian Prime Rate Loan, (ii) Euro shall be a Euro Overnight Rate Loan and (iii) Sterling shall be a Sterling Overnight Rate Loan.
More Definitions of Euro Overnight Rate
Euro Overnight Rate means a rate per annum equal to the London interbank offered rate as administered by the ICE Benchmark Administration (or any other Person that takes over the administration of such rate) for overnight deposits in Euros as displayed on the applicable Reuters screen page (currently LIBOR01 or LIBOR02) (or, in the event such rate does not appear on a page of the Reuters screen, on the appropriate page of such other information service that publishes such rate as shall be selected by the Administrative Agent from time to time in its reasonable discretion) at approximately 11:00 a.m., London time, on such day; provided that if such rate shall be less than zero, such rate shall be deemed to be zero for all purposes of this Agreement.
Euro Overnight Rate means, with respect to any European Swingline Loan, the London interbank offered rate as administered by the ICE Benchmark Administration (or any other Person that takes over the administration of such rate) for deposits in Euros for an overnight period as displayed on the Reuters screen page that displays such rate (currently LIBOR01) (or, in the event such rate does not appear on a page of the Reuters screen, on the appropriate page of such other information service that publishes such rate as shall be selected by the Administrative Agent from time to time in its reasonable discretion); provided that if the Euro Overnight Rate, determined as provided above, would be less than zero, the Euro Overnight Rate shall be zero for all purposes of this Agreement.
Euro Overnight Rate means a rate per annum equal to LIBOR for overnight deposits in Euros as displayed on the applicable Reuters screen page (currently LIBOR01 or LIBOR02) (or, in the event such rate does not appear on a page of the Reuters screen, on the appropriate page of such other information service that publishes such rate as shall be selected by the applicable Euro Swing Line Lender from time to time in its reasonable discretion) at approximately 11:00 a.m., London time, on such day; provided, that, if such rate shall be less than zero, such rate shall be deemed to be zero for all purposes of this Agreement.
Euro Overnight Rate means a rate per annum equal to the London interbank offered rate as administered by the ICE Benchmark Administration (or any other Person that takes over the administration of such rate) for overnight deposits in Euros as displayed on the applicable Reuters screen page (currently LIBOR01 or LIBOR02) (or, in the event such rate does not appear on a page of the Reuters screen, on the appropriate page of such other information service that publishes such rate as shall be selected by the Administrative Agent from time to time in its reasonable discretion, in consultation with the Company) at approximately 11:00 a.m., London time, on such day; provided that if such rate shall be less than zero, such rate shall be deemed to be zero for all purposes of this Agreement.
Euro Overnight Rate means a rate per annum equal to the London interbank offered rate as administered by the ICE Benchmark Administration (or any other Person that takes over the administration of such rate) for overnight deposits in Euros as displayed on the applicable Reuters screen page (currently LIBOR01 or LIBOR02) (or, in the event such rate does not appear on a page of the Reuters screen, on the appropriate page of such other information service that publishes such rate as shall be selected by the Administrative Agent from time to time in its reasonable discretion, in consultation with the Company) at approximately 11:00 a.m., London time, on such day; provided that if such rate shall be less than zero, such rate shall be deemed to be zero for all purposes of this Agreement. The second paragraph in the definition of “Eurocurrency Rate” is incorporated herein by reference, mutatis mutandis, with any applicable reference to “Eurocurrency Rate” and “Eurocurrency Rate Loan” contained therein being deemed to be a reference to “Euro Overnight Rate” and “Swing Line Euro Loan”, as applicable, for purposes of this definition.
Euro Overnight Rate means the Euro Over Night Index Average as calculated by the European Central Bank and appearing on the Telerate Service on the page designated 247, or any equivalent successor to such page, or, if no such rate is available for the relevant Rate Period, the arithmetic mean of the rates (rounded upwards to four (4) decimal places) as supplied to the Agent at its request, quoted by leading banks in the European interbank market.
Euro Overnight Rate means, with respect to any European Swingline Loan, the London interbank offered rate as administered by the ICE Benchmark Administration (or any other Person that takes over the administration of such rate) for deposits in Euros for an overnight period as displayed on the Reuters screen page that displays such rate (currently LIBOR01) (or, in the event such rate does not appear on a page of the Reuters screen, on the appropriate page of such other information service that publishes such rate as shall be selected by the Administrative Agent from time to time in its reasonable discretion); provided that (A) if the Euro Overnight Rate, determined as provided above, would be less than zero, the Euro Overnight Rate shall be zero for all purposes of this Agreement and (B) if such rate is not available at such time for any reason, then (x) the “Euro Overnight Rate” shall be (i) a comparable successor or alternative interbank rate that is, at such time, broadly accepted by the syndicated loan market in the United States in lieu of the “Euro Overnight Rate” and is reasonably acceptable to the Borrower and the Administrative Agent or (ii) solely if no such broadly accepted comparable successor interbank rate exists at such time, a successor or alternative index rate as the Administrative Agent and the Borrower may determine, which shall become effective five (5) Business Days after the Administrative Agent has given written notice to the Lenders of the same (unless within that time Lenders constituting Required Lenders object to such successor or alternative index rate) and (y) until any such successor or alternative index rate has been determined pursuant to clause (x), no Swingline Lender shall be obligated to make a European Swingline Loan.