Eurodollar deposit definition
Examples of Eurodollar deposit in a sentence
Subject to the foregoing, this Agreement will be for the benefit of ENCLUSTRA and its successors and assigns, and will be binding on LICENSEE’s permitted assignees.
Loans Calculation of all amounts payable to a Lender under this Section 2.6 and under Section 2.7(a) shall be made as though that Lender had funded each of its LIBOR Loans through the purchase of a Eurodollar deposit bearing interest at the rate obtained pursuant to clause (i) of the definition of LIBOR in an amount equal to the amount of such LIBOR Loan and having a maturity comparable to the relevant Interest Period, whether or not its LIBOR Loans had been funded in such manner.
Calculation of all amounts payable to a Lender under this Section 2.6 and under Section 2.7(a) shall be made as though that Lender had funded each of its LIBOR Loans through the purchase of a Eurodollar deposit bearing interest at the rate obtained pursuant to clause (i) of the definition of “LIBOR” in an amount equal to the amount of such LIBOR Loan and having a maturity comparable to the relevant Interest Period, whether or not its LIBOR Loans had been funded in such manner.
Whether the mechanism for setting a particular rate in fact represents the actual cost to Banks for any particular dollar or Eurodollar deposit or any LIBOR Rate Loan will depend upon how such Bank actually chooses to fund the LIBOR Rate Loan.
Calculation of all amounts payable to a Lender under this subsection 2.6 and under subsection 2.7A shall be made as though that Lender had funded each of its LIBOR Rate Loans through the purchase of a Eurodollar deposit bearing interest at the rate obtained pursuant to clause (i) of the definition of LIBOR Rate in an amount equal to the amount of such LIBOR Rate Loan and having a maturity comparable to the relevant Interest Period, whether or not its LIBOR Rate Loans had been funded in such manner.
Our Sweep Services allow you to transfer unused balances from your demand deposit account into a Eurodollar deposit or Federal Funds deposit or used to purchase an interest in government securities (subject to an agreement by us to automatically repurchase such securities on a set maturity date).
When the deposit is denominated in U.S. dollars, it is a Eurodollar deposit.
Whether the mechanism for setting a particular rate in fact represents the actual cost to Banks for any particular dollar or Eurodollar deposit or any LIBOR Rate Advance will depend upon how such Bank actually chooses to fund the LIBOR Rate Advance, or any foreign exchange contract.
At your request, and with the Bank’s approval, we will establish for you a non-FDIC insured account for your Eurodollar deposit (“Eurodollar Account”) your Federal Funds deposit (“Federal Funds Account”), or your government securities repurchase account (“Repo Account”) in accordance with the information you provide to us.
Lender’s determination of amounts payable under this Section shall be calculated as though Lender funded the applicable LIBOR Borrowings through the purchase of a Eurodollar deposit of the type, maturity and amount corresponding to the deposit used as a reference in determining the Base LIBOR Rate with respect to such LIBOR Borrowing, whether or not Lender in fact purchased such deposit.