Reference Eurodollar Rate

Example Definitions of "Reference Eurodollar Rate"
Reference Eurodollar Rate. Means, as of any day, a rate of interest per annum equal to the quotient of (a) the Eurodollar Base Rate for a one-month Interest Period on such day (or if such day is not a Business Day, the immediately preceding Business Day), divided by (b) one minus the Reserve Requirement (expressed as a decimal) applicable to such Interest Period; provided that for the avoidance of doubt, the Reference Eurodollar Rate for any day shall be based on the rate appearing on the Reuters BBA Libor Rates Page... 3750 (or on any successor substitute page of such page) at approximately 11:00 a.m. London time on such day. View More
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