Euro Reference Rate means, with respect to any Eurocurrency Loan in Euros, for any day, the rate per annum which is the average of the rates quoted at approximately 10:00 a.m., London time, to leading banks in the European interbank market by the Reference Lenders for the offering of overnight deposits in Euro, as determined by the Administrative Agent.
Euro Reference Rate means, on any Interest Determination Date, the rate determined by the Agent Bank by reference to the Euro Screen Rate on such date, or if, on such date, the Euro Screen Rate is unavailable:
Euro Reference Rate has the meaning as defined in Section 3.4
Examples of Euro Reference Rate in a sentence
With respect to interest payable on the outstanding Notes, the Issuer will pay the Euro Reference Rate plus a fixed margin.
The applicable Alternate Base Rate, LIBO Rate, EURIBO Rate or Euro Reference Rate shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error.
At the time that each Euro Reference Rate Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of (euro)500,000 and not less than (euro)1,000,000; provided that a Euro Reference Rate Borrowing may be in an aggregate amount that is equal to the entire unused balance of the Multi-Currency Tranche Commitments.
The exchange rate applied shall be the exchange rate which is published by the European Central Bank (the “Euro Reference Rate”) on the day immediately before the date when the payment is made or, if no Euro Reference Rate is published on this day, on the day when the Euro Reference Rate was last published before such date.
The applicable Alternate Base Rate, Euro Reference Rate or LIBO Rate shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error.
More Definitions of Euro Reference Rate
Euro Reference Rate means a fluctuating rate quoted by JPMorgan Chase Bank for overnight deposits in Euros plus 300 basis points and, when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Euro Reference Rate.
Euro Reference Rate means the rate per annum for deposits in Euros for a period corresponding to the duration of the relevant Interest Period which appears on the Reuters Screen which displays the rate of the Banking Federation of the European Union for the Euro (being currently page “EURIBOR01”) at approximately 11:00 a.m., London time, on the date of the commencement of such Interest Period, or, if such page shall cease to be available, such other page or such other service for the purpose of displaying an average rate of the Banking Federation of the European Union as the Administrative Agent shall select; provided that if such rate shall be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement.
Euro Reference Rate. The annual rate of interest equal to the sum of (a) the arithmetic mean of the cost of funds offered to the U.K. Reference Banks in the London interbank market for overnight deposits denominated in Euros plus (b) one percent (1%).
Euro Reference Rate means, for any Interest Period, (i) 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 Dollars for a period equal in length to such Interest Period as displayed on the Reuters Screen LIBOR01 (or such other page as may replace such page on such service for the purpose of displaying the rates at which dollar deposits are offered by leading banks in the London interbank deposit market) at approximately 11:00 a.m., London time, (x) in the case of a Borrowing of Revolving Loans, two London Banking Days prior to the commencement of such Interest Period or (y) in the case of a Borrowing of Swingline Loans, on the date of such Borrowing, for euro deposits (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period or (ii) if such published rate is not available at such time for any reason, then the “Euro Reference Rate” for such Interest Period shall be the rate per annum determined by the Administrative Agent to be the rate at which deposits in euro for delivery on the first day of such Interest Period in same day funds in the approximate amount of the Borrowing being made, continued or converted by Bank of America and with a term equivalent to such Interest Period would be offered by Bank of America’s London Branch to major banks in the London interbank eurodollar market at their request at approximately 11:00 a.m. (London time) (x) in the case of a Borrowing of Revolving Loans, two London Banking Days prior to the commencement of such Interest Period or (y) in the case of a Borrowing of Swingline Loans, on the date of such Borrowing.
Euro Reference Rate means, for any day, the rate per annum which is the average of the rates quoted at approximately 10:00 A.M. (London time) by Citicorp North America, Inc. and The Chase Manhattan Bank (or their respective affiliates) for the offering of overnight deposits in Euro.
Euro Reference Rate means, for any Interest Period, (i) the British Bankers Association LIBOR Rate (“BBA LIBOR”), as published by Reuters (or such other commercially available source providing quotations of BBA LIBOR as may be designated by the Administrative Agent from time to time) at approximately 11:00 a.m., London time, (x) in the case of a Borrowing of Revolving Loans, two London Banking Days prior to the commencement of such Interest Period or (y) in the case of a Borrowing of Swingline Loans, on the date of such Borrowing, for euro deposits (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period or (ii) if such published rate is not available at such time for any reason, then the “Euro Reference Rate” for such Interest Period shall be the rate per annum determined by the Administrative Agent to be the rate at which deposits in euro for delivery on the first day of such Interest Period in same day funds in the approximate amount of the Borrowing being made, continued or converted by Bank of America and with a term equivalent to such Interest Period would be offered by Bank of America’s London Branch to major banks in the London interbank eurodollar market at their request at approximately 11:00 a.m. (London time) (x) in the case of a Borrowing of Revolving Loans, two London Banking Days prior to the commencement of such Interest Period or (y) in the case of a Borrowing of Swingline Loans, on the date of such Borrowing.
Euro Reference Rate has the meaning set forth in Section 2.04(d).