ICE LIBOR definition

ICE LIBOR has the meaning assigned to such term in the definition of “LIBO Rate”.

ICE LIBOR has the meaning assigned to such term in the definition of “Alternate Base Rate.”

ICE LIBOR has the meaning specified in the definition of Screen Rate.

Examples of ICE LIBOR in a sentence

• The Borrower hereby represents and warrants, as of the Closing Date and each date on which it receives Submitted Reference Bank Rates, that it is not an individual who is formally designated as being involved in the ICE LIBOR submission process, and agrees to comply with the provisions of this paragraph as if it were the Administrative Agent.

• The One Month ICE LIBOR shall be obtained by Bank from an intermediary rate reporting source such as Bloomberg, L.P. or other authoritative rate reporting source as selected by Bank, and is based on an average of interbank offered rates for one month deposits in U.S. Dollars based on quotes from designated banks in the London market.

• Interest expense on the mortgage payable is calculated based on an interest only period for the first 12 months of the mortgage term at an assumed interest rate of 2.34 percent, which is based on an ICE LIBOR rate of 0.09 percent as of November 18, 2021.

• The principal amount of the mortgage is $5,100,000 and the mortgage bears interest at a variable rate of 2.25 percent above the one-month ICE LIBOR rate.

• The calculation of Adjusted LIBOR may also be expressed by the following formula: ICE LIBOR or appropriate successor Adjusted LIBOR = 1.00 - Euro-Rate Reserve Percentage Adjusted LIBOR shall be adjusted on the effective date of any change in the Euro-Rate Reserve Percentage as of such effective date.

More Definitions of ICE LIBOR

ICE LIBOR has the meaning specified in the definition of “Eurodollar Rate”.

ICE LIBOR has the meaning set forth below under “LIBOR.”

ICE LIBOR has the meaning set forth in the definition of Adjusted LIBOR.

ICE LIBOR means the ICE LIBOR rate for a period of three months, as published on the applicable Bloomberg screen page (or such other commercially available source providing quotations of ICE LIBOR as may be designated in good faith by the Corporation from time to time) at approximately 11:00 a.m., London time, two (2) Business Days prior to the commencement of such period, for dollar deposits (for delivery on the first day of such period) with a term equivalent to such period.

ICE LIBOR. See §4.6(b).

ICE LIBOR means the LIBOR Rate as administered by the ICE Benchmark Administration Limited or, in the event it shall no longer administer such rate, by any successor administrator of such rate.

ICE LIBOR means the London Interbank Offered Rate set by ICE Benchmark Administration Limited.