{"component": "clause", "props": {"groups": [{"snippet": "If the Interest Rate Basis is LIBOR, this Note shall be deemed a \u201cLIBOR Note.\u201d Unless otherwise specified on the face hereof, \u201cLIBOR\u201d means: (1) if \u201cLIBOR Moneyline Telerate\u201d is specified on the face hereof or if neither \u201cLIBOR Reuters\u201d nor \u201cLIBOR Moneyline Telerate\u201d is specified on the face hereof as the method for calculating LIBOR, the rate for deposits in the LIBOR Currency (as defined below) having the Index Maturity specified on the face hereof, commencing on the related Interest Reset Date, that appears on the LIBOR Page (as defined below) as of 11:00 A.M., London time, on the particular Interest Determination Date; or (2) if \u201cLIBOR Reuters\u201d is specified on the face hereof, the arithmetic mean of the offered rates, calculated by the Calculation Agent, or the offered rate, if the LIBOR Page by its terms provides only for a single rate, for deposits in the LIBOR Currency having the particular Index Maturity, commencing on the related Interest Reset Date, that appear or appears, as the case may be, on the LIBOR Page as of 11:00 A.M., London time, on the particular Interest Determination Date; or (3) if fewer than two offered rates appear, or no rate appears, as the case may be, on the particular Interest Determination Date on the LIBOR Page as specified in clause (1) or (2), as applicable, the rate calculated by the Calculation Agent of at least two offered quotations obtained by the Calculation Agent after requesting the principal London offices of each of four major reference banks (which may include affiliates of the purchasing agent) in the London interbank market to provide the Calculation Agent with its offered quotation for deposits in the LIBOR Currency for the period of the particular Index Maturity, commencing on the related Interest Reset Date, to prime banks in the London interbank market at approximately 11:00 A.M., London time, on that Interest Determination Date and in a principal amount that is representative for a single transaction in the LIBOR Currency in that market at that time; or (4) if fewer than two offered quotations referred to in clause (3) are provided as requested, the rate calculated by the Calculation Agent as the arithmetic mean of the rates quoted at approximately 11:00 A.M., in the applicable Principal Financial Center, on the particular Interest Determination Date by three major banks (which may include affiliates of the purchasing agent) in that principal financial center selected by the Calculation Agent for loans in the LIBOR Currency to leading European banks, having the particular Index Maturity and in a principal amount that is representative for a single transaction in the LIBOR Currency in that market at that time; or (5) if the banks so selected by the Calculation Agent are not quoting as mentioned in clause (4), LIBOR in effect on the particular Interest Determination Date. \u201cLIBOR Currency\u201d means the currency specified on the face hereof as to which LIBOR shall be calculated or, if no currency is specified on the face hereof, United States dollars. \u201cLIBOR Page\u201d", "samples": [{"hash": "zeS8bzkIZb", "uri": "/contracts/zeS8bzkIZb#libor-notes", "label": "Global Note (Principal Life Insurance Co)", "score": 20.0, "published": true}, {"hash": "zVM5d9x6mz", "uri": "/contracts/zVM5d9x6mz#libor-notes", "label": "Indenture (Principal Life Insurance Co)", "score": 20.0, "published": true}, {"hash": "ruMCTg9wEd", "uri": "/contracts/ruMCTg9wEd#libor-notes", "label": "Global Note (Principal Life Insurance Co)", "score": 20.0, "published": true}], "snippet_links": [{"key": "interest-rate-basis", "type": "definition", "offset": [7, 26]}, {"key": "this-note", "type": "clause", "offset": [37, 46]}, {"key": "libor-note", "type": "definition", "offset": [66, 76]}, {"key": "unless-otherwise-specified", "type": "clause", "offset": [79, 105]}, {"key": "libor-moneyline-telerate", "type": "definition", "offset": [149, 173]}, {"key": "libor-reuters", "type": "definition", "offset": [222, 235]}, {"key": "the-method", "type": "definition", "offset": [303, 313]}, {"key": "libor-currency", "type": "definition", "offset": [366, 380]}, {"key": "index-maturity", "type": "definition", "offset": [411, 425]}, {"key": "commencing-on-the", "type": "clause", "offset": [456, 473]}, {"key": "interest-reset-date", "type": "definition", "offset": [482, 501]}, {"key": "libor-page", "type": "definition", "offset": [523, 533]}, {"key": "london-time", "type": "clause", "offset": [571, 582]}, {"key": "interest-determination-date", "type": "clause", "offset": [602, 629]}, {"key": "arithmetic-mean", "type": "definition", "offset": [694, 709]}, {"key": "the-offered", "type": "definition", "offset": [713, 724]}, {"key": "the-calculation-agent", "type": "clause", "offset": [746, 767]}, {"key": "offered-rate", "type": "definition", "offset": [776, 788]}, {"key": "the-case", "type": "definition", "offset": [1001, 1009]}, {"key": "as-specified", "type": "clause", "offset": [1265, 1277]}, {"key": "in-clause", "type": "clause", "offset": [1278, 1287]}, {"key": "the-principal", "type": "definition", "offset": [1446, 1459]}, {"key": "reference-banks", "type": "definition", "offset": [1497, 1512]}, {"key": "purchasing-agent", "type": "definition", "offset": [1550, 1566]}, {"key": "london-interbank-market", "type": "definition", "offset": [1575, 1598]}, {"key": "provide-the", "type": "clause", "offset": [1602, 1613]}, {"key": "currency-for", "type": "definition", "offset": [1685, 1697]}, {"key": "period-of", "type": "definition", "offset": [1702, 1711]}, {"key": "principal-amount", "type": "clause", "offset": [1923, 1939]}, {"key": "single-transaction", "type": "clause", "offset": [1969, 1987]}, {"key": "as-requested", "type": "clause", "offset": [2122, 2134]}, {"key": "the-rates", "type": "clause", "offset": [2207, 2216]}, {"key": "principal-financial-center", "type": "definition", "offset": [2271, 2297]}, {"key": "major-banks", "type": "definition", "offset": [2354, 2365]}, {"key": "the-banks", "type": "clause", "offset": [2721, 2730]}, {"key": "effect-on-the", "type": "clause", "offset": [2821, 2834]}, {"key": "united-states-dollars", "type": "definition", "offset": [3030, 3051]}], "size": 348, "hash": "51d01e0f84844f9933ddd27e15b6edd2", "id": 1}, {"snippet": "The London Interbank offered rate (\u201cLIBOR\u201d) means, with respect to any Interest Determination Date, the rate for deposits in U.S. dollars having the Index Maturity that appears on the Designated LIBOR Page as of 11:00 a.m., London time, on such Interest Determination Date. If no rate appears, LIBOR will be determined on the basis of the rates at approximately 11:00 a.m., London time, on such Interest Determination Date at which deposits in U.S. dollars are offered to prime banks in the London interbank market by four major banks in such market selected by the Calculation Agent for a term equal to the Index Maturity and in principal amount equal to an amount that in the Calculation Agent\u2019s judgment is representative for a single transaction in U.S. dollars in such market at such time (a \u201cRepresentative Amount\u201d). The Calculation Agent will request the principal London office of each of such banks to provide a quotation of its rate. If at least two such quotations are provided, LIBOR will be the arithmetic mean of such quotations. If fewer than two quotations are provided, LIBOR for such interest period will be the arithmetic mean of the rates quoted at approximately 11:00 a.m., in New York City, on such Interest Determination Date by three major banks in New York City, selected by the Calculation Agent, for loans in U.S. dollars to leading European banks, for a term equal to the Index Maturity and in a Representative Amount; provided, however, that if fewer than three banks so selected by the Calculation Agent are providing such quotations, the then existing LIBOR rate will remain in effect for such Interest Payment Period.", "samples": [{"hash": "72IxGcDrZpZ", "uri": "/contracts/72IxGcDrZpZ#libor-notes", "label": "Omnibus Amendment (Becton Dickinson & Co)", "score": 34.1854893908, "published": true}, {"hash": "a2tdOIFXj5p", "uri": "/contracts/a2tdOIFXj5p#libor-notes", "label": "Commercial Paper Dealer Agreement", "score": 31.340862423, "published": true}, {"hash": "9sh890fF4e8", "uri": "/contracts/9sh890fF4e8#libor-notes", "label": "Commercial Paper Dealer Agreement (Mylan N.V.)", "score": 29.5749486653, "published": true}], "snippet_links": [{"key": "london-interbank-offered-rate", "type": "clause", "offset": [4, 33]}, {"key": "with-respect-to", "type": "clause", "offset": [51, 66]}, {"key": "interest-determination-date", "type": "clause", "offset": [71, 98]}, {"key": "index-maturity", "type": "definition", "offset": [149, 163]}, {"key": "the-designated-libor-page", "type": "definition", "offset": [180, 205]}, {"key": "london-time", "type": "clause", "offset": [224, 235]}, {"key": "basis-of", "type": "clause", "offset": [326, 334]}, {"key": "the-rates", "type": "clause", "offset": [335, 344]}, {"key": "london-interbank-market", "type": "definition", "offset": [491, 514]}, {"key": "major-banks", "type": "definition", "offset": [523, 534]}, {"key": "the-calculation-agent", "type": "clause", "offset": [562, 583]}, {"key": "equal-to", "type": "definition", "offset": [595, 603]}, {"key": "principal-amount", "type": "clause", "offset": [630, 646]}, {"key": "single-transaction", "type": "clause", "offset": [731, 749]}, {"key": "representative-amount", "type": "definition", "offset": [798, 819]}, {"key": "principal-london-office", "type": "clause", "offset": [862, 885]}, {"key": "a-quotation", "type": "definition", "offset": [919, 930]}, {"key": "arithmetic-mean", "type": "definition", "offset": [1008, 1023]}, {"key": "interest-period", "type": "definition", "offset": [1102, 1117]}, {"key": "new-york-city", "type": "clause", "offset": [1198, 1211]}, {"key": "then-existing", "type": "definition", "offset": [1569, 1582]}, {"key": "libor-rate", "type": "clause", "offset": [1583, 1593]}, {"key": "in-effect", "type": "definition", "offset": [1606, 1615]}, {"key": "interest-payment-period", "type": "definition", "offset": [1625, 1648]}], "size": 38, "hash": "db886dea60dcc9eff7a79b980ecc20b5", "id": 3}, {"snippet": "If the Interest Rate Basis is LIBOR, this Note shall be deemed a \u201cLIBOR Note.\u201d Unless otherwise specified on the face hereof, \u201cLIBOR\u201d means: (1) if \u201cLIBOR Moneyline Telerate\u201d is specified on the face hereof or if neither \u201cLIBOR Reuters\u201d nor \u201cLIBOR Moneyline Telerate\u201d is specified on the face hereof as the method for calculating LIBOR, the rate for deposits in the LIBOR Currency having the Index Maturity specified on the face hereof, commencing on the related Interest Reset Date, that appears on the LIBOR Page (as defined below) as of 11:00 A.M., London time, on the particular Interest Determination Date; or (2) if \u201cLIBOR Reuters\u201d is specified on the face hereof, the arithmetic mean of the offered rates, calculated by the Calculation Agent, or the offered rate, if the LIBOR Page by its terms provides only for a single rate, for deposits in the LIBOR Currency having the particular Index Maturity, commencing on the related Interest Reset Date, that appear or appears, as the case may be, on the LIBOR Page as of 11:00 A.M., London time, on the particular Interest Determination Date; or (3) if fewer than two offered rates appear, or no rate appears, as the case may be, on the particular Interest", "samples": [{"hash": "ltmwuy5KOkN", "uri": "/contracts/ltmwuy5KOkN#libor-notes", "label": "Global Note (Genworth Life & Annuity Insurance Co)", "score": 20.0, "published": true}, {"hash": "kblTw89x1Li", "uri": "/contracts/kblTw89x1Li#libor-notes", "label": "Note Agreement (Genworth Life & Annuity Insurance Co)", "score": 20.0, "published": true}, {"hash": "kPfhW4DcLPn", "uri": "/contracts/kPfhW4DcLPn#libor-notes", "label": "Note Agreement (Genworth Life & Annuity Insurance Co)", "score": 20.0, "published": true}], "snippet_links": [{"key": "interest-rate-basis", "type": "definition", "offset": [7, 26]}, {"key": "this-note", "type": "clause", "offset": [37, 46]}, {"key": "libor-note", "type": "definition", "offset": [66, 76]}, {"key": "unless-otherwise-specified", "type": "clause", "offset": [79, 105]}, {"key": "libor-moneyline-telerate", "type": "definition", "offset": [149, 173]}, {"key": "libor-reuters", "type": "definition", "offset": [222, 235]}, {"key": "the-method", "type": "definition", "offset": [303, 313]}, {"key": "the-rate", "type": "definition", "offset": [337, 345]}, {"key": "libor-currency", "type": "definition", "offset": [366, 380]}, {"key": "index-maturity", "type": "definition", "offset": [392, 406]}, {"key": "commencing-on-the", "type": "clause", "offset": [437, 454]}, {"key": "interest-reset-date", "type": "definition", "offset": [463, 482]}, {"key": "libor-page", "type": "definition", "offset": [504, 514]}, {"key": "london-time", "type": "clause", "offset": [552, 563]}, {"key": "interest-determination-date", "type": "clause", "offset": [583, 610]}, {"key": "arithmetic-mean", "type": "definition", "offset": [675, 690]}, {"key": "the-offered", "type": "definition", "offset": [694, 705]}, {"key": "the-calculation-agent", "type": "clause", "offset": [727, 748]}, {"key": "offered-rate", "type": "definition", "offset": [757, 769]}, {"key": "the-case", "type": "definition", "offset": [982, 990]}], "size": 60, "hash": "fc9dc59d36552f016cd5efbf8143cc76", "id": 2}, {"snippet": "If the Interest Rate Basis is LIBOR, this Note shall be deemed a \u201cLIBOR Note.\u201d Unless otherwise specified on the face hereof, \u201cLIBOR\u201d means: (1) if \u201cLIBOR Moneyline Telerate\u201d is specified on the face hereof or if neither \u201cLIBOR Reuters\u201d nor \u201cLIBOR Moneyline Telerate\u201d is specified on the face hereof as the method for calculating LIBOR, the rate for", "samples": [{"hash": "l5KbJTSKeZi", "uri": "/contracts/l5KbJTSKeZi#libor-notes", "label": "Indenture (Principal Life Insurance Co)", "score": 20.0, "published": true}, {"hash": "krinM72Avlo", "uri": "/contracts/krinM72Avlo#libor-notes", "label": "Global Note (Principal Life Insurance Co)", "score": 20.0, "published": true}, {"hash": "jl1EdjYYTec", "uri": "/contracts/jl1EdjYYTec#libor-notes", "label": "Global Note (Principal Life Insurance Co)", "score": 20.0, "published": true}], "snippet_links": [{"key": "interest-rate-basis", "type": "definition", "offset": [7, 26]}, {"key": "this-note", "type": "clause", "offset": [37, 46]}, {"key": "libor-note", "type": "definition", "offset": [66, 76]}, {"key": "unless-otherwise-specified", "type": "clause", "offset": [79, 105]}, {"key": "libor-moneyline-telerate", "type": "definition", "offset": [149, 173]}, {"key": "libor-reuters", "type": "definition", "offset": [222, 235]}, {"key": "the-method", "type": "definition", "offset": [303, 313]}, {"key": "the-rate", "type": "definition", "offset": [337, 345]}], "size": 22, "hash": "96d328e0f0a368fd40238849131acd1f", "id": 4}, {"snippet": "If the Interest Rate Basis is LIBOR, this Note shall be deemed to be a \u201cLIBOR Note.\u201d A LIBOR Note will bear interest for each Interest Period at the interest rate calculated with reference to LIBOR and the Spread or Spread Multiplier, if any. The Calculation Agent will determine LIBOR for each LIBOR Determination Date by the Calculation Date pertaining to such LIBOR Determination Date. The LIBOR Determination Date is the second (2nd) London Business Day prior to the Interest Reset Date for each Interest Reset Period.", "samples": [{"hash": "hdduNmZhnEb", "uri": "/contracts/hdduNmZhnEb#libor-notes", "label": "Omnibus Instrument (Protective Life Insurance Co)", "score": 21.0, "published": true}, {"hash": "g6HqaR4a7xs", "uri": "/contracts/g6HqaR4a7xs#libor-notes", "label": "Omnibus Instrument (Protective Life Insurance Co)", "score": 21.0, "published": true}, {"hash": "dm3kGsTgKs1", "uri": "/contracts/dm3kGsTgKs1#libor-notes", "label": "Omnibus Instrument (Protective Life Insurance Co)", "score": 21.0, "published": true}], "snippet_links": [{"key": "interest-rate-basis", "type": "definition", "offset": [7, 26]}, {"key": "this-note", "type": "clause", "offset": [37, 46]}, {"key": "libor-note", "type": "definition", "offset": [72, 82]}, {"key": "interest-for", "type": "definition", "offset": [108, 120]}, {"key": "interest-period", "type": "definition", "offset": [126, 141]}, {"key": "with-reference-to", "type": "clause", "offset": [174, 191]}, {"key": "spread-multiplier", "type": "definition", "offset": [216, 233]}, {"key": "the-calculation-agent", "type": "clause", "offset": [243, 264]}, {"key": "libor-determination-date", "type": "clause", "offset": [295, 319]}, {"key": "the-calculation-date", "type": "definition", "offset": [323, 343]}, {"key": "pertaining-to", "type": "definition", "offset": [344, 357]}, {"key": "london-business-day", "type": "clause", "offset": [438, 457]}, {"key": "prior-to-the", "type": "clause", "offset": [458, 470]}, {"key": "interest-reset-date", "type": "definition", "offset": [471, 490]}, {"key": "interest-reset-period", "type": "definition", "offset": [500, 521]}], "size": 9, "hash": "4d380e482d8e6670fe01be027b1e38f5", "id": 5}, {"snippet": "If the Interest Rate Basis is LIBOR, this Note shall be deemed a \"LIBOR Note.\" Unless otherwise specified on the face hereof, \"LIBOR\" means, from the Issuance Date to the first Interest Reset Date, the Initial Interest Rate, if any, and thereafter:", "samples": [{"hash": "kRBv7Fd7Zk0", "uri": "/contracts/kRBv7Fd7Zk0#libor-notes", "label": "Indenture (Hartford Life Insurance Co)", "score": 18.0, "published": true}, {"hash": "iYvVCeDbRls", "uri": "/contracts/iYvVCeDbRls#libor-notes", "label": "Indenture Note (Hartford Life Global Funding Trust 2006-033)", "score": 18.0, "published": true}, {"hash": "80XuEBij6mL", "uri": "/contracts/80XuEBij6mL#libor-notes", "label": "Note (Hartford Life Global Funding Trust 2006-001)", "score": 18.0, "published": true}], "snippet_links": [{"key": "interest-rate-basis", "type": "definition", "offset": [7, 26]}, {"key": "this-note", "type": "clause", "offset": [37, 46]}, {"key": "libor-note", "type": "definition", "offset": [66, 76]}, {"key": "unless-otherwise-specified", "type": "clause", "offset": [79, 105]}, {"key": "issuance-date", "type": "definition", "offset": [150, 163]}, {"key": "interest-reset-date", "type": "definition", "offset": [177, 196]}, {"key": "initial-interest-rate", "type": "clause", "offset": [202, 223]}], "size": 5, "hash": "48930db72a90bc20cc571cb782332752", "id": 6}, {"snippet": "LIBOR Notes will bear interest at the interest rates (calculated with reference to LIBOR and the Spread and/or Spread Multiplier, if any, subject to the Maximum Rate or the Minimum Rate, if any), and will be payable on the dates, specified on the face of the LIBOR Note and in the applicable Pricing Supplement. Unless otherwise indicated in the applicable Pricing Supplement, LIBOR with respect to any Interest Reset Date will be determined by the Calculation Agent in accordance with the following provisions. On the relevant LIBOR Interest Determination Date, LIBOR will be determined on the basis of either of the following or otherwise, as specified in the applicable Pricing Supplement:", "samples": [{"hash": "jRsCEy2Gcg7", "uri": "/contracts/jRsCEy2Gcg7#libor-notes", "label": "Indenture (Irsa Propiedades Comerciales S.A.)", "score": 28.7754962355, "published": true}, {"hash": "f44NbTt1ds0", "uri": "/contracts/f44NbTt1ds0#libor-notes", "label": "Indenture (Irsa Propiedades Comerciales S.A.)", "score": 28.3976728268, "published": true}], "snippet_links": [{"key": "interest-rates", "type": "clause", "offset": [38, 52]}, {"key": "with-reference-to", "type": "clause", "offset": [65, 82]}, {"key": "spread-multiplier", "type": "definition", "offset": [111, 128]}, {"key": "subject-to-the", "type": "definition", "offset": [138, 152]}, {"key": "maximum-rate", "type": "definition", "offset": [153, 165]}, {"key": "minimum-rate", "type": "definition", "offset": [173, 185]}, {"key": "pricing-supplement", "type": "definition", "offset": [292, 310]}, {"key": "unless-otherwise-indicated", "type": "clause", "offset": [312, 338]}, {"key": "with-respect-to", "type": "clause", "offset": [383, 398]}, {"key": "interest-reset-date", "type": "definition", "offset": [403, 422]}, {"key": "the-calculation-agent", "type": "clause", "offset": [445, 466]}, {"key": "in-accordance-with", "type": "definition", "offset": [467, 485]}, {"key": "the-relevant", "type": "clause", "offset": [515, 527]}, {"key": "libor-interest-determination-date", "type": "definition", "offset": [528, 561]}, {"key": "basis-of", "type": "clause", "offset": [595, 603]}, {"key": "as-specified", "type": "clause", "offset": [642, 654]}], "size": 3, "hash": "d034d82a4c349e2c4921af8fa006bc80", "id": 7}, {"snippet": "If the Interest Rate Basis specified on the face hereof is LIBOR, LIBOR with respect to this Note for any Interest Reset Date shall be determined as of each LIBOR Interest Determination Date on the basis of the offered rate for deposits in the Index Currency having the Index Maturity specified on the face hereof, commencing on the second Market Day immediately following such LIBOR Interest Determination Date which appears on the Designated LIBOR Page (as defined below), or any successor reporter of such rates selected by the Calculation Agent and acceptable to Canada, as of 11:00 A.M. London time on that LIBOR Interest Determination Date. If such rate does not so appear on the Designated LIBOR Page, the rate for that Interest Reset Date will be determined on the basis of the rates at which deposits in Index Currency are offered by four major banks in the London interbank market, selected by the Calculation Agent after consultation with Canada, at approximately 11:00 A.M. London time the second Market Day immediately following such LIBOR Interest Determination Date to prime banks in the London interbank market at approximately 11:00 a.m., London time, on such LIBOR Interest Determination Date for a period of the Index Maturity in a principal amount that is representative for a single transaction in such Index Currency in such market at such time. In such case, the Calculation Agent will request the principal London office of each of the aforesaid major banks to provide a quotation of such rate. If at least two such quotations are provided in respect of such LIBOR Interest Determination Date, the rate for that Interest Reset Date will be the arithmetic mean of the quotations, and, if fewer than two quotations are provided as requested in respect of such LIBOR Interest Determination Date, the rate for such Interest Reset Date will be the arithmetic mean of the rates quoted by three major banks in the Relevant Applicable Financial Center, selected by the Calculation Agent after consultation with Canada, at approximately 11:00 A.M. in the Relevant Applicable Financial Center on that LIBOR Interest Determination Date for loans in the Index Currency to leading European banks for a period of the Index Maturity commencing on the second Market Day immediately following such LIBOR Interest Determination Date and in a principal amount in the Index Currency that is representative for a single transaction in such market at such time; provided, however, that if fewer than three reference banks so selected by the Calculation Agent are quoting such rates, LIBOR with respect to such LIBOR Interest Determination Date will be the same as LIBOR in effect for the immediately preceding Interest Reset Date (or, if there was no preceding Interest Reset Date, the rate of interest will be the Initial Interest Rate). In this Note, \u201cDesignated LIBOR Page\u201d means the display on page LIBOR01 of Reuters (or any successor service) for the purpose of displaying the London interbank offered rates of major banks for the applicable Index Currency (or such other page as may replace that page on that service for the purpose of displaying such rates).", "samples": [{"hash": "ltbgdvwPbZq", "uri": "/contracts/ltbgdvwPbZq#libor-notes", "label": "Calculation Agency Agreement (Canada)", "score": 21.4900752909, "published": true}, {"hash": "bDB1fZ7SLH6", "uri": "/contracts/bDB1fZ7SLH6#libor-notes", "label": "Fiscal Agency Agreement (Canada)", "score": 21.4900752909, "published": true}], "snippet_links": [{"key": "interest-rate-basis", "type": "definition", "offset": [7, 26]}, {"key": "with-respect-to", "type": "clause", "offset": [72, 87]}, {"key": "this-note", "type": "clause", "offset": [88, 97]}, {"key": "interest-reset-date", "type": "definition", "offset": [106, 125]}, {"key": "libor-interest-determination-date", "type": "definition", "offset": [157, 190]}, {"key": "basis-of", "type": "clause", "offset": [198, 206]}, {"key": "the-offered", "type": "definition", "offset": [207, 218]}, {"key": "index-currency", "type": "definition", "offset": [244, 258]}, {"key": "index-maturity", "type": "definition", "offset": [270, 284]}, {"key": "commencing-on-the", "type": "clause", "offset": [315, 332]}, {"key": "market-day", "type": "definition", "offset": [340, 350]}, {"key": "the-designated-libor-page", "type": "definition", "offset": [429, 454]}, {"key": "the-calculation-agent", "type": "clause", "offset": [527, 548]}, {"key": "london-time", "type": "clause", "offset": [592, 603]}, {"key": "the-rates", "type": "clause", "offset": [782, 791]}, {"key": "offered-by", "type": "definition", "offset": [832, 842]}, {"key": "major-banks", "type": "definition", "offset": [848, 859]}, {"key": "london-interbank-market", "type": "definition", "offset": [867, 890]}, {"key": "after-consultation-with", "type": "clause", "offset": [926, 949]}, {"key": "period-of", "type": "definition", "offset": [1217, 1226]}, {"key": "principal-amount", "type": "clause", "offset": [1251, 1267]}, {"key": "single-transaction", "type": "clause", "offset": [1297, 1315]}, {"key": "principal-london-office", "type": "clause", "offset": [1421, 1444]}, {"key": "a-quotation", "type": "definition", "offset": [1493, 1504]}, {"key": "in-respect-of", "type": "clause", "offset": [1564, 1577]}, {"key": "arithmetic-mean", "type": "definition", "offset": [1668, 1683]}, {"key": "as-requested", "type": "clause", "offset": [1750, 1762]}, {"key": "relevant-applicable-financial-center", "type": "definition", "offset": [1931, 1967]}, {"key": "reference-banks", "type": "definition", "offset": [2508, 2523]}, {"key": "in-effect", "type": "definition", "offset": [2672, 2681]}, {"key": "rate-of-interest", "type": "definition", "offset": [2788, 2804]}, {"key": "initial-interest-rate", "type": "clause", "offset": [2817, 2838]}, {"key": "page-libor01", "type": "definition", "offset": [2900, 2912]}, {"key": "for-the-purpose-of", "type": "definition", "offset": [2951, 2969]}, {"key": "rates-of", "type": "clause", "offset": [3010, 3018]}, {"key": "applicable-index", "type": "definition", "offset": [3039, 3055]}], "size": 3, "hash": "6d82d8c0cc0ff1cf3edcbf07beeb9671", "id": 8}, {"snippet": "Note will bear interest at the interest rate (calculated with reference to LIBOR and the Spread and/or Spread Multiplier and will be subject to the minimum interest rate or the maximum interest rate, if any) specified in the LIBOR Note and in the applicable Pricing Supplement. Unless otherwise indicated in the applicable Pricing Supplement, LIBOR shall be calculated as set forth in the MTN Prospectus.", "samples": [{"hash": "bfo93rGu3Q1", "uri": "/contracts/bfo93rGu3Q1#libor-notes", "label": "Distribution Agreement (Lehman Brothers Holdings Capital Trust VIII)", "score": 21.0, "published": true}, {"hash": "1D54BY5V1Lg", "uri": "/contracts/1D54BY5V1Lg#libor-notes", "label": "Distribution Agreement (Lehman Brothers Holdings Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "the-interest-rate", "type": "clause", "offset": [27, 44]}, {"key": "with-reference-to", "type": "clause", "offset": [57, 74]}, {"key": "spread-multiplier", "type": "definition", "offset": [103, 120]}, {"key": "subject-to-the", "type": "definition", "offset": [133, 147]}, {"key": "minimum-interest-rate", "type": "clause", "offset": [148, 169]}, {"key": "maximum-interest-rate", "type": "definition", "offset": [177, 198]}, {"key": "libor-note", "type": "definition", "offset": [225, 235]}, {"key": "pricing-supplement", "type": "definition", "offset": [258, 276]}, {"key": "unless-otherwise-indicated", "type": "clause", "offset": [278, 304]}, {"key": "mtn-prospectus", "type": "definition", "offset": [389, 403]}], "size": 2, "hash": "12cb677af1f767969e06095cc540d4fb", "id": 9}, {"snippet": "The term \u201c", "samples": [{"hash": "jtFi5ZOzpvE", "uri": "/contracts/jtFi5ZOzpvE#libor-notes", "label": "Indenture Supplement (Centex Corp)", "score": 21.0, "published": true}, {"hash": "hzmd0MNxVN0", "uri": "/contracts/hzmd0MNxVN0#libor-notes", "label": "Indenture Supplement (Centex Corp)", "score": 21.0, "published": true}], "snippet_links": [{"key": "the-term", "type": "clause", "offset": [0, 8]}], "size": 2, "hash": "e6abc5b81feb3c0a954d10eb23e67d9b", "id": 10}], "next_curs": "ClQSTmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjALEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhRsaWJvci1ub3RlcyMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"children": [], "title": "LIBOR Notes", "size": 488, "parents": [["determination-of-interest-rate-basis", "Determination of Interest Rate Basis"], ["determination-of-interest-rate-and-certain-other-terms", "Determination of Interest Rate and Certain Other Terms"], ["floating-rate-notes", "Floating Rate Notes"], ["governing-law", "GOVERNING LAW"], ["treasury-rate-notes", "Treasury Rate Notes"]], "id": "libor-notes", "related": [["floating-rate-notes", "Floating Rate Notes", "Floating Rate Notes"], ["regular-floating-rate-note", "Regular Floating Rate Note", "Regular Floating Rate Note"], ["federal-funds-open-rate-notes", "Federal Funds Open Rate Notes", "Federal Funds Open Rate Notes"], ["notice-of-interest-period-and-interest-rate", "Notice of Interest Period and Interest Rate", "Notice of Interest Period and Interest Rate"], ["additional-interest-on-eurodollar-rate-advances", "Additional Interest on Eurodollar Rate Advances", "Additional Interest on Eurodollar Rate Advances"]], "related_snippets": [], "updated": "2025-07-07T12:37:48+00:00", "also_ask": ["What fallback provisions should be included to address LIBOR discontinuation?", "How can parties negotiate interest rate adjustment mechanisms to minimize risk?", "What are the most common legal pitfalls in LIBOR note drafting post-LIBOR cessation?", "How do LIBOR note terms compare to those referencing alternative benchmarks (e.g., SOFR)?", "What factors determine the enforceability of LIBOR-based interest calculations in court?"], "drafting_tip": "Specify the applicable LIBOR rate and fallback provisions to ensure clarity in interest calculations; update references to alternative benchmarks to maintain contract validity post-LIBOR cessation.", "explanation": "The LIBOR Notes clause defines the terms and conditions under which financial instruments, such as notes or loans, are tied to the London Interbank Offered Rate (LIBOR) as a benchmark for calculating interest payments. Typically, this clause specifies how the interest rate is determined by referencing LIBOR plus a margin, outlines the relevant reset periods, and addresses what happens if LIBOR becomes unavailable or is discontinued. Its core practical function is to provide a clear and standardized method for setting variable interest rates, thereby ensuring predictability and transparency for both issuers and investors in fluctuating market conditions."}, "json": true, "cursor": ""}}