Common use of LIBOR Determination Date Clause in Contracts

LIBOR Determination Date. With respect to interest paid on any Distribution Date, the second day on which banks in London are open for conducting transactions in foreign currency and exchange prior to the 25th day of the month preceding the Distribution Date (and in the case of the initial Distribution Date, the second day on which banks in London are open for conducting transactions in foreign currency and exchange prior to the Closing 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 (and in the case of the initial Distribution Date, the second day on which banks in London are open for conducting transactions in foreign currency and exchange prior to the Closing 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 (and in the case of the initial intial 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 Closing Date).