The Eurodollar Rate for each Interest Period for Eurodollar Rate Loans shall be determined by the pursuant to the procedures set forth in the definition of “Eurodollar Rate.” The ’s determination shall be presumed to be correct and binding on the Loan Parties, absent manifest error.
The Eurodollar Rate for eachAdministrative Agent shall promptly notify the Borrower and the of the interest rate applicable to any Interest Period for Eurodollar Rate Loans shall be determined by the pursuant to the procedures set forth in the definitionupon determination of “Eurodollar Rate.” The ’s determination shall be presumed to be correct and binding on the Loan Parties, absent manifest error.such interest rate.
The“Eurodollar Rate” means, for any Interest Period for a Eurodollar Loan or Competitive Bid Loan comprising part of the same borrowing (including conversions, extensions and renewals), the rate per annum equal to the London Interbank Offered Rate (“LIBOR”) or a comparable or successor rate, which rate is approved by the Administrative Agent, as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be by the Administrative Agent from time to time) at approximately , London time, two (2) Business Days prior to the commencement of such Interest Period, for Dollar deposits (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period; and if the Eurodollar Rate shall be less than zero, such rate shall be deemed zero for purposes of this Credit Agreement; provided that to the extent a comparable or successor rate is approved by the Administrative Agent in connection herewith, the approved rate shall be applied in a manner consistent with market practice; provided, further that to the extent such market practice is not administratively feasible for the Administrative Agent, such approved rate shall be applied in a manner as otherwise reasonably determined by the Administrative Agent. In the event that Administrative Agent is unable to obtain any such quotation as provided above, it will be deemed that the Eurodollar Rate for each Interest Perioda Eurodollar Loan or a Competitive Bid Loan cannot be determined and the provisions of [Section 3.10] shall apply. In the event that the Board of Governors of the Federal Reserve System shall impose a Eurodollar Reserve Percentage with respect to Eurodollar deposits of the Person serving as the Administrative Agent, then for any period during which such Eurodollar Reserve Percentage shall apply, the Eurodollar Rate Loans shall be determined by the pursuantequal to the procedures set forth inamount determined above divided by an amount equal to 1 minus the definition of “Eurodollar Rate.” The ’s determination shall be presumed to be correct and binding on the Loan Parties, absent manifest error.Eurodollar Reserve Percentage.
The“Eurodollar Rate” means for any Interest Period with respect to a Eurodollar Rate for each Interest Period for Eurodollar Rate Loans shall beLoan, a rate per annum determined by the Agent pursuant to the procedures set forth in the definition of “Eurodollar Rate.” The ’s determination shall be presumed to be correct and binding on the Loan Parties, absent manifest error.following formula:
The“Eurodollar Rate” means, # for any Interest Period with respect to any Eurodollar Rate for each Interest Period for Eurodollar Rate Loans shall beLoan, a rate per annum determined by the pursuantapplicable Administrative Agent to be equal to the procedures set forth inquotient obtained by dividing # the definition of “Eurodollar Rate.” The ’s determination shall be presumedEurodollar Base Rate for such Eurodollar Rate Loan for such Interest Period by # one minus the Eurodollar Reserve Percentage for such Eurodollar Rate Loan for such Interest Period and # for any day with respect to any Base Rate Loan bearing interest at a rate based on the Eurodollar Rate, a rate per annum determined by the applicable Administrative Agent to be correct and binding onequal to the quotient obtained by dividing # the Eurodollar Base Rate for such Base Rate Loan Parties, absent manifest error.for such day by # one minus the Eurodollar Reserve Percentage for such Base Rate Loan for such day.
TheIn the event that # the reasonably determines that adequate and fair means do not exist for ascertaining the applicable interest rates by reference to which the Eurodollar Rate then being determined is to be fixed or # the Requisite Lenders reasonably determine and notify the that the Eurodollar Rate for eachany Interest Period will not adequately reflect the cost to the Lenders of making or maintaining such Loans for such Interest Period, the shall forthwith so notify the and the Lenders, whereupon each Eurodollar Rate Loan shall automatically, on the last day of the current Interest Period for such Loan, convert into a Base Rate Loan and the obligations of the Lenders to make Eurodollar Rate Loans or to convert Base Rate Loans into Eurodollar Rate Loans shall be determined bysuspended until the pursuant toshall notify the procedures set forth in that the definition of “Eurodollar Rate.” The ’s determination shall be presumed to be correct and binding onRequisite Lenders have determined that the Loan Parties, absent manifest error.circumstances causing such suspension no longer exist.
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