LIBOR Determination Date Clause Samples

LIBOR Determination Date. The second London Banking Day preceding the applicable Reset Date unless the Index Currency is Sterling, in which case it means the applicable Reset Date.

LIBOR Determination Date. With respect to interest paid on any Distribution Date, the second day on which banks in London and New York City are open for conducting transactions in foreign currency and exchange prior to the 25th day of the month preceding the Distribution Date.

LIBOR Determination Date. 33 Lender ....................................................... 33

LIBOR Determination Date. 21 Lien .................................................................................................. 21

LIBOR Determination Date. For any Interest Accrual Period, the second London Business Day prior to the commencement of such Interest Accrual Period.

LIBOR Determination Date. The second LIBOR Business Day before the first day of the related Interest Accrual Period.

LIBOR Determination Date. On each LIBOR Determination Date, the Servicer shall determine LIBOR on the basis of the rate for deposits in Dollars for a one-month period which appears on Telerate Page 3750 as of 11:00 a.m., London time, on such date. If such rate does not appear on Telerate Page 3750, the rate for that LIBOR Determination Date will be determined on the basis of the rates at which deposits in United States dollars are offered by the Reference Banks at approximately 11:00 a.m., London time, on that day to prime banks in the London interbank market for a one-month period. If on such LIBOR Determination Date two or more Reference Banks provide such offered quotations, LIBOR for such related Price Differential Calculation Period will be the arithmetic mean of such offered quotations (rounded upwards if necessary to the nearest whole multiple of 0.0001%). If on such LIBOR Determination Date fewer than two Reference Banks provide such offered quotations, LIBOR for the related Price Differential Calculation Period will be the arithmetic mean (rounded upwards if necessary to the nearest whole multiple of 0.0001%) of the one-month Dollar lending rates that three New York City banks selected by the Servicer are quoting at approximately 11:00 a.m. (New York City time) on the relevant LIBOR Determination Date to leading European banks.

LIBOR Determination Date. 48 Lender ....................................................... 48

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