McKesson 2005 Annual Report Download - page 289

(b) with respect to Blue Ridge and its Committed Purchasers, the rate per annum equal to the sum of (i) (x) the rate per annum
determined on the basis of the offered rate for deposits in U.S. Dollars of amounts equal or comparable to the approximate amount of the
Capital of the Purchaser Interest to be funded or maintained offered for a term comparable to the relevant Tranche Period, which rates appear
on a Bloomberg L.P. terminal, displayed under the address “US0001M <Index> Q <Go>,” effective as of 11:00 a.m. (London time) two
(2) LIBO Business Days prior to the first day of the relevant Tranche Period, provided, that if no such offered rates appear on such page, the
rate for such Tranche Period will be the arithmetic average (rounded upwards, if necessary, to the next higher 1/100th of 1% of rates quoted by
not less than two major banks in New York City, selected by the Managing Agents, at approximately 10:00 a.m. (New York City time), two
LIBO Business Days prior to the first day of such Tranche Period, for deposits in U.S. Dollars offered by leading European banks for a period
comparable to such Tranche Period in an amount equal or comparable to the approximate amount of the Capital of the Purchaser Interest to be
funded or maintained, divided by (y) one minus the maximum reserve percentage, if any, applicable to Wachovia under Regulation D during
such Tranche Period (or if more than one percentage shall be applicable, the daily average of such percentages for those days in such Tranche
Period during which any such percentage shall be applicable) for determining Wachovia’s reserve requirement (including any marginal,
supplemental or emergency reserves) with respect to liabilities or assets having a term comparable to such Tranche Period consisting or
included in the computation of “Eurocurrency Liabilities” pursuant to Regulation D, plus (ii) the Applicable Margin. Without limiting the
effect of the foregoing clause (b), the maximum reserve percentage calculated pursuant to clause (b)(i)(y) above shall reflect any other reserves
required to be maintained by Wachovia by reason of any regulatory change against (a) any category of liabilities which included deposits by
reference to which the “London Interbank Offered Rate” is to be determined or (b) any category of extensions of credit or other assets which
include London Interbank Offered Rate-based credits or assets;
(c) with respect to Liberty Street and its Committed Purchasers, the rate per annum equal to the sum of (i) (x) the rate at which
deposits in U.S. Dollars are offered by the Scotia Group Reference Bank to first-class banks in the London interbank market at approximately
11:00 a.m. (London time) two Business Days prior to the first day of the relevant Tranche Period, such deposits being in the approximate
amount of the Capital of the Purchaser Interest to be funded or maintained, divided by (y) one minus the maximum aggregate reserve
requirement (including all basic, supplemental, marginal or other reserves) which is imposed against the Scotia Group Reference Bank in
respect of Eurocurrency liabilities, as defined in Regulation D of the Board of Governors of the Federal Reserve System as in effect from time
to time (expressed as a decimal), applicable to such Tranche Period plus (ii) the Applicable Margin, rounded, if necessary, to the next higher
1/16 of 1%;
(d) with respect to Three Pillars and its Committed Purchasers, for any Tranche Period, the rate per annum equal to the sum of (i) the
rate per annum two Business Days prior to the first day of such Tranche Period shown on page 3750 of Telerate or any successor page as the
composite offered rate for London interbank deposits for one month, as shown under the heading “USD” as of 11:00 a.m. (London time);
provided, that in the event no such rate is shown, the “LIBO Rate” shall be the rate per annum (rounded upwards, if necessary, to the nearest
1/16th of one percent) based on the rates at which Dollar deposits for one month are
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