Common use of Determination of One-Month LIBOR Clause in Contracts

Determination of One-Month LIBOR. Pursuant to the terms of the Global Agency Agreement, the Global Agent shall calculate the Class Coupons for the applicable Classes of Notes (including MAC Notes on which the Exchange Administrator has directed the Global Agent to make payments) for each Accrual Period (after the first Accrual Period) on the applicable LIBOR Adjustment Date. “One-Month LIBOR” will be determined by using the “Interest Settlement Rate” for U.S. dollar deposits with a maturity of one month set by ICE Benchmark Administration Limited (“ICE”) as of 11:00 a.m. (London time) on the LIBOR Adjustment Date (the “ICE Method”). ICE’s Interest Settlement Rates are currently displayed on Bloomberg L.P.’s page “BBAM.” That page, or any other page that may replace page BBAM on that service or any other service that ICE nominates as the information vendor to display the ICE’s Interest Settlement Rates for deposits in U.S. dollars, is a “Designated Page.” ICE’s Interest Settlement Rates currently are rounded to five decimal places. If ICE’s Interest Settlement Rate does not appear on the Designated Page as of 11:00

Appears in 5 contracts

Samples: Stacr® Debt Agreement, Global Agency Agreement, Stacr® Debt Agreement

AutoNDA by SimpleDocs

Determination of One-Month LIBOR. Pursuant to the terms of the Global Agency Agreement, the Global Agent shall calculate the Class Coupons for the applicable Classes of Notes (including MAC Notes on which the Exchange Administrator has directed the Global Agent to make payments) for each Accrual Period (after the first Accrual Period) on the applicable LIBOR Adjustment Date. “One-Month LIBOR” will be determined by using the “Interest Settlement Rate” for U.S. dollar deposits with a maturity of one month set by ICE Benchmark Administration Limited the British Bankers’ Association (the ICEBBA”) as of 11:00 a.m. (London time) on the LIBOR Adjustment Date (the “ICE BBA Method”). ICEThe BBA’s Interest Settlement Rates are currently displayed on Bloomberg L.P.’s page “BBAM.” That page, or any other page that may replace page BBAM on that service or any other service that ICE the BBA nominates as the information vendor to display the ICEBBA’s Interest Settlement Rates for deposits in U.S. dollars, is a “Designated Page.” ICEThe BBA’s Interest Settlement Rates currently are rounded to five decimal places. If ICEthe BBA’s Interest Settlement Rate does not appear on the Designated Page as of 11:00

Appears in 2 contracts

Samples: Stacr® Debt Agreement, Stacr® Debt Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.