Interbank Offered Rate Sample Clauses

Interbank Offered Rate. For any Interest Period therefor, the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) appearing on Telerate Page 3750 (or any successor page) as the London interbank offered rate for deposits in Dollars at approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period for a term comparable to such Interest Period. If for any reason such rate is not available, the term "Interbank Offered Rate" means, for any Credit Loan for any Interest Period therefor, the rate (rounded upward, if necessary, to the nearest one hundred-thousandth of a percentage point), determined on the basis of the offered rates for deposits in Dollars for a period of one month which are offered by four major banks as selected by the Agent, in the London interbank market at approximately 11:00 a.m. London time, on the day that is two (2) Business Days preceding the first day of such Interest Period. The principal London office of each of such four major London banks will be requested to provide a quotation of its Dollar deposit offered rate. If at least two such quotations are provided, the rate for that date will be the arithmetic mean of the quotations. If fewer than two quotations are provided as requested, the rate for that date will be determined on the basis of the rates quoted for loans in Dollars to leading European banks (as selected by the Agent) for a period of one month offered by major banks in New York City at approximately 11:00 a.m. New York City time, on the day that is two Business Days preceding the first day of such Interest Period. In the event that the Agent is unable to obtain any such quotation as provided above, it will be deemed that the Eurodollar Rate for such Credit Loan cannot be determined.

Interbank Offered Rate. See definition of Adjusted LIBOR Rate. ---------------------- Interest Charges. For any period, means, without duplication, all ---------------- interest paid or required to be paid in cash on any particular Indebtedness (including outstanding Letters of Credit) for which such calculations are being made all as determined in accordance with GAAP. Computations of Interest Charges on a pro forma basis for Indebtedness having a variable interest rate shall be --- ----- calculated at the rate in effect on the date of any determination. For purposes of the foregoing, interest expense shall give effect to any net payments made or received by the Borrower Affiliated Group with respect to any hedging agreements permitted pursuant to Section 6.1(g) in effect during the applicable period (or any portion thereof).