Consignment Fixed Rate. With respect to any Interest Period, the amount equal to (a) the greater of (i) the Eurodollar Rate for such Interest Period minus the average of rates quoted to RIHT as the London Interbank Bullion Rates as displayed on ▇▇▇▇▇▇'▇ gold loan screen or, if ▇▇▇▇▇▇'▇ gold loan screen is not available, as set by RIHT, for Precious Metal forwards for such period (the "Contango Rate"), and (ii) zero (0), plus (b) the Eurodollar Applicable Margin from time to time applicable to Gold Loans.
Appears in 2 contracts
Sources: Revolving Credit, Term Loan and Gold Consignment Agreement (Commemorative Brands Inc), Revolving Credit, Term Loan and Gold Consignment Agreement (Commemorative Brands Inc)