Common use of Statutory Reserves Clause in Contracts

Statutory Reserves. For purposes hereof, "STATUTORY RESERVES" shall mean a fraction (expressed as a decimal), the numerator of which is the number one and the denominator of which is the number one MINUS the aggregate of the maximum reserve percentages (including, without limitation, any marginal special, emergency, or supplemental reserves) expressed as a decimal established by the Board with respect to Eurocurrency Liabilities (as defined in Regulation D). Such reserve percentages shall include, without limitation, those imposed under Regulation D. Eurodollar Loans shall be deemed to constitute Eurocurrency Liabilities and as such shall be deemed to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets which may be available from time to time to any Lender under Regulation D. Statutory Reserves shall be adjusted automatically on and as of the effective date of any change in any reserve percentage.

Statutory Reserves. For purposes hereof, "STATUTORY RESERVES" shall mean a fraction (expressed as a decimal), the numerator of which is the number one and the denominator of which is the number one MINUS the aggregate of the maximum reserve percentages (including, without limitation, any marginal marginal, special, emergency, or supplemental reserves) expressed as a decimal established by the Board with respect to Eurocurrency Liabilities (as defined in Regulation D). Such reserve percentages shall include, without limitation, those imposed under Regulation D. Eurodollar Loans shall be deemed to constitute Eurocurrency Liabilities and as such shall be deemed to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets which may be available from time to time to any Lender under Regulation D. Statutory Reserves shall be adjusted automatically on and as of the effective date of any change in any reserve percentage.

Statutory Reserves. For purposes hereof, "STATUTORY RESERVESStatutory Reserves" shall mean a fraction (expressed as a decimal), the numerator of which is the number one and the denominator of which is the number one MINUS minus the aggregate of the maximum reserve percentages (including, without limitation, any marginal marginal, special, emergency, or supplemental reserves) expressed as a decimal established by the Board with respect and any other banking authority to which any Lender is subject for Eurocurrency Liabilities (as defined in Regulation D). Such reserve percentages shall include, without limitation, those imposed under Regulation D. Eurodollar Loans shall be deemed to constitute Eurocurrency Liabilities and as such shall be deemed to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets which may be available from time to time to any Lender under Regulation D. Statutory Reserves shall be adjusted automatically on and as of the effective date of any change in any reserve percentage.

Statutory Reserves. For purposes hereof, "STATUTORY RESERVES" Statutory Reserves shall mean a fraction (expressed as a decimal), the numerator of which is the number one and the denominator of which is the number one MINUS minus the aggregate of the maximum reserve percentages percentages, expressed as a decimal (including, without limitation, any marginal marginal, special, emergency, emergency or supplemental reserves) expressed from time to time in effect under Regulation D or as a decimal otherwise established by the Board with respect of Governors of the Federal Reserve System and any other banking authority to which the Bank is subject for Eurocurrency Liabilities (as defined in Regulation D). Such reserve percentages shall include, without limitation, those imposed under Regulation D. Eurodollar Loans A LIBOR Loan shall be deemed to constitute Eurocurrency Liabilities and as such shall be deemed to be subject to such reserve requirements without benefit of or credit for proration, exemptions exceptions or offsets which may be available from time to time to any Lender the Bank under such Regulation D. Statutory Reserves shall be adjusted automatically on and as of the effective date of any change in any reserve percentage.

Statutory Reserves. For purposes hereof, "STATUTORY RESERVESStatutory Reserves" shall mean a fraction (expressed as a decimal), the numerator of which is the number one and the denominator of which is the number one MINUS minus the aggregate of the maximum reserve percentages (including, without limitation, any marginal marginal, special, emergency, or supplemental reserves) expressed as a decimal established by the Board with respect to Eurocurrency Liabilities (as defined in Regulation D). Such reserve percentages shall include, without limitation, those imposed under Regulation D. Eurodollar Loans shall be deemed to constitute Eurocurrency Liabilities and as such shall be deemed to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets which may be available from time to time to any Lender under Regulation D. Statutory Reserves shall be adjusted automatically on and as of the effective date of any change in any reserve percentage.

Statutory Reserves. For purposes hereof, "STATUTORY RESERVES" Statutory Reserves shall mean a fraction (expressed as a decimal), the numerator of which is the number one and the denominator of which is the number one MINUS minus the aggregate of the maximum reserve percentages percentages, expressed as a decimal (including, without limitation, any marginal marginal, special, emergency, or emergency supplemental reserves) expressed from time to time in effect under Regulation D or as a decimal otherwise established by the Board with respect board of Governors of the Federal Reserve System and any other banking authority to which the Bank is subject for Eurocurrency Liabilities (as defined deemed in Regulation D). Such reserve percentages shall include, without limitation, those imposed under Regulation D. Eurodollar LIBOR Loans shall be deemed to constitute Eurocurrency Liabilities and as such shall be deemed to be subject to such reserve requirements without benefit of or credit for proration, exemptions exceptions or offsets which may be available from time to time to any Lender the Bank under such Regulation D. Statutory Reserves reserves shall be adjusted automatically on and as of the effective date of any change in any reserve percentage.