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This excerpt taken from the CVS 8-K filed Mar 23, 2007. “Eurodollar
Rate”: with respect to each
Eurodollar Advance and
as determined by the Administrative Agent, the rate of interest per annum
(rounded, if necessary, to the nearest 1/100 of 1% or, if there is no nearest
1/100 of 1%, then to the next higher 1/100 of 1%) equal to a fraction, the
numerator of which is the rate per annum quoted by BNY at approximately 11:00
A.M. (or as soon thereafter as practicable) two Eurodollar Business Days prior
to the first day of such Interest Period to leading banks in the interbank
eurodollar market as the rate at which BNY is offering Dollar deposits in an
amount approximately equal to its Commitment Percentage of such Eurodollar
Advance and having a period to maturity approximately equal to the Interest
Period applicable to such Eurodollar Advance, and the denominator of which
is an
amount equal to 1.00 |
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