"Eurodollar Lending Office" means, with respect to any Lender, the office of such Lender or any of its Affiliates
specified as its "Eurodollar Lending Office" opposite its name on Schedule I hereto or in the Assignment and Acceptance or
the Assumption Agreement, as the case may be, pursuant to which it became a Lender (or, if no such office is specified, its
Base Rate Lending Office), or such other office of such Lender or any of its Affiliates as such Lender may from time to time
specify to the Company and the Administrative Agent for such purpose.
"Eurodollar Rate" means, for any Interest Period for each Eurodollar Rate Advance comprising part of the same
Borrowing, an interest rate per annum equal to:
(a) the rate per annum appearing on Reuters Screen LIBOR01 Page as the London interbank offered
rate for deposits in U.S. Dollars at or about 11:00 A.M. (London time) two Business Days before the first day of
such Interest Period and for a period equal to such Interest Period; or
(b) if such rate does not so appear on the Reuters Screen LIBOR01 Page at such time, the average
(rounded upward to the nearest whole multiple of 1/100 of 1% per annum, if such average is not such a multiple) of
the rates per annum at which deposits in US Dollars are offered by the principal office of each of the Reference
Banks in London, England to prime banks in the London interbank market at or about 11:00 A.M. (London time)
two Business Days before the first day of such Interest Period in an amount substantially equal to such Reference
Bank's Eurodollar Rate Advance comprising part of such Borrowing to be outstanding during such Interest Period
and for a period equal to such Interest Period; provided that any determination of the Eurodollar Rate for any
Interest Period pursuant to this clause (b) shall be determined by the Administrative Agent on the basis of applicable
rates furnished to and received by the Administrative Agent from the Reference Banks two Business Days before the
first day of such Interest Period, subject, however, to the provisions of Section 2.08.
"Eurodollar Rate Advance" means an Advance denominated in US Dollars that bears interest as provided in
Section 2.07(a)(ii).
"Eurodollar Rate Reserve Percentage" means, with respect to any Lender for any Interest Period for any Eurodollar
Rate Advance made by such Lender from time to time, the reserve percentage applicable two Business Days before the first
day of such Interest Period under regulations issued from time to time by the Board of Governors of the Federal Reserve
System (or any successor thereto) for determining the maximum reserve requirement (including, without limitation, any
emergency, supplemental or other marginal reserve requirement) for such Lender with respect to liabilities or assets
consisting of or including Eurocurrency liabilities (or with respect to any other category of liabilities that includes deposits by
reference to which the interest rate on Eurodollar Rate Advances is determined) having a term equal to such Interest Period.
"Events of Default" has the meaning specified in Section 6.01.
8
Source: BLACK & DECKER CORP, 10-K, February 19, 2010 Powered by Morningstar
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