Eurodollar Reference Rate means, with respect to a Eurodollar Advance for the relevant Interest Period the rate determined by the Administrative Agent to be the rate at which Bank One offers to place deposits in Dollars with first-class banks in the London interbank market at 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period in the approximate amount of the relevant Eurodollar Loan of Bank One and having a maturity equal to such Interest Period.
Eurodollar Reference Rate means, with respect to a Eurodollar Loan for the relevant Interest Period, the applicable British Bankers' Association Interest Settlement Rate for deposits in Dollars appearing on Reuters Screen FRBD as of 11:00 a.m. (London time) two Eurodollar Business Days prior to the first day of such Interest Period, and having a maturity equal to such Interest Period, provided that, (i) if Reuters Screen FRBD is not available to the Agent for any reason, the applicable Eurodollar Reference Rate for the relevant Interest Period shall instead be the applicable British Bankers' Association Interest Settlement Rate for deposits in Dollars as reported by any other generally recognized financial information service as of 11:00 a.m. (London time) two Eurodollar Business Days prior to the first day of such Interest Period, and having a maturity equal to such Interest Period, and (ii) if no such British Bankers' Association Interest Settlement Rate is available, the applicable Eurodollar Reference Rate for the relevant Interest Period shall instead be the rate determined by the Agent to be the rate at which Bank One offers to place deposits in Dollars with first-class banks in the London interbank market at approximately 11:00 a.m. (London time) two Eurodollar Business Days prior to the first day of such Interest Period, in the approximate amount of Bank One's relevant Eurodollar Loan and having a maturity equal to such Interest Period.
Eurodollar Reference Rate means, with respect to a Eurodollar Advance for the relevant Interest Period, the applicable London interbank offered rate for deposits in Dollars appearing on Dow Xxxxx Markets (Telerate) Page 3750 as of 11:00 a.m. (London, England time) two Business Days prior to the first day of such Interest Period, and having a maturity equal to such Interest Period; provided that, if Dow Xxxxx Markets (Telerate) Page 3750 is not available for any reason, the Eurodollar Reference Rate for the relevant Interest Period shall instead be the London interbank offered rate for deposits in Dollars appearing on Reuters Screen FRBD as of 11:00 a.m. (London, England time) two Business Days prior to the first day of such Interest Period, and having a maturity equal to such Interest Period.
Examples of Eurodollar Reference Rate in a sentence
No replacement of the Eurodollar Reference Rate with a Benchmark Replacement pursuant to this Section 3.3 will occur prior to the applicable Benchmark Transition Start Date.
More Definitions of Eurodollar Reference Rate
Eurodollar Reference Rate for any day and any ABR Loan, an interest rate per annum equal to the rate per annum (rounded upward to the nearest 1/100th of 1%) obtained by dividing (a) the rate per annum equal to the offered rate that appears with respect to a one (1) month period on the BBA LIBOR Page 3750 (or such other page as may replace said page) as of 11:00 A.M. New York time on such day (or, if such rate does not appear on said page, the rate at which the Administrative Agent offers Dollar deposits in the London interbank eurodollar market at or about 11:00 A.M., New York time on such day with a maturity of one (1) month and in an amount comparable to the amount of the Loan to be outstanding on such day), divided by (b) one minus Eurocurrency Reserve Requirements applicable to Dollar deposits in the London interbank market with a maturity equal to one (1) month.
Eurodollar Reference Rate means, with respect to any Eurodollar Advance for any applicable Interest Period, the London interbank offered rate as administered by 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 pages LIBOR01 or LIBOR02 of the Reuters screen or, in the event such rate does not appear on either of such Reuters pages, on any successor or substitute page on such screen that displays such rate, or 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 each case, the “LIBOR Screen Rate”) at approximately 11:00 a.m., London time, two (2) Business Days prior to the commencement of such Interest Period; provided that, if the LIBOR Screen Rate shall be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement; provided, further, that if a LIBOR Screen Rate shall not be available at such time for such Interest Period (the “Impacted Interest Period”), then the Eurodollar Reference Rate for such Interest Period shall be the Interpolated Rate; provided that, if any Interpolated Rate shall be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement. It is understood and agreed that all of the terms and conditions of this definition of “Eurodollar Reference Rate” shall be subject to Section 3.3.
Eurodollar Reference Rate means, with respect to any Eurodollar Loan for the relevant Interest Period, the interest rate determined by the Bank by reference to Reuters Screen LIBOR01, formerly known as Page 3750 of the Moneyline Telerate Service (together with any successor or substitute, the "Service") or any successor or substitute page of the Service providing rate quotations comparable to those currently provided on such page of the Service, as determined by the Bank from time to time for purposes of providing quotations of interest rates applicable to dollar deposits in the London interbank market (the "Page"), to be the rate at approximately 11:00 a.m.
Eurodollar Reference Rate means, with respect to any Eurodollar Loan for the relevant Interest Period, rate appearing on page 3750 of the Moneyline Telerate Service (or any successor or substitute page of such service, or any successor to or substitute for such service, providing rate quotations comparable to those currently provided on such page of such service, as determined by the Bank from time to time for purpose of providing quotations of interest rate, applicable to dollar deposits in the London interbank market) at approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period, as the rate for dollar deposits with a maturity comparable to such Interest Period, provided that, if no such British rate is available, the applicable Eurodollar Reference Rate for the relevant Interest Period shall instead be the rate determined by the Bank to be the rate at which the Bank offers to place dollar deposits in the London interbank market at approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period, in the approximate amount of the relevant Eurodollar Loan and having a maturity comparable to such Interest Period.
Eurodollar Reference Rate means with respect to each Eurodollar Interest Period the average (rounded to the nearest one-one hundredth of one percent, or if necessary, to the next higher one-one hundredth of one percent) of the rates per annum equal to the prevailing rates per annum two Business Days prior to the beginning of that Eurodollar Interest Period at which the Reference Banks are offered Dollar deposits in the interbank eurodollar market used by, and as at or about the relevant local time of, their offices then determining the Eurodollar Reference Rate, for delivery on the first day of such Eurodollar Interest Period for the number of days comprised therein and in an amount equal to the amount of the corresponding Eurodollar Loan. As used herein, "relevant local time" shall mean 11:00 A.M. local time in London, England, when the relevant office normally operates on London time or 10:00 A.M., local time in New York, New York, when such office normally operates on New York time.
Eurodollar Reference Rate means, with respect to any Eurodollar Loan for the relevant Interest Period, the interest rate determined by the Bank by reference to Reuters Screen LIBOR01, formerly known as Page 3750 of the Moneyline Telerate Service (together with any successor or substitute, the "Service") or any successor or substitute page of the Service providing rate quotations comparable to those currently provided on such page of the Service, as determined by the Bank from time to time for purposes of providing quotations of interest rates applicable to dollar deposits in the London interbank market (the "Page"), to be the rate at approximately 11:00 a.m. London time, two Business Days prior to the commencement of such Interest Period for dollar deposits with a maturity equal to such Interest Period. If no Eurodollar Reference Rate is available to the Bank, the applicable Eurodollar Reference Rate for the relevant Interest Period shall instead be the rate determined by the Bank to be the rate at which the Bank offers to place U.S. dollar deposits having a maturity equal to such Interest Period with first-class banks in the London interbank market at approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period.