Common use of LIBOR Rate Clause in Contracts

LIBOR Rate. For any LIBOR Rate Loan for any Interest Period, the average rate (rounded upwards to the nearest 1/16th) as shown in Dow Xxxxx Markets (formerly Telerate) (Page 3750) at which deposits in U.S. dollars are offered by first class banks in the London Interbank Market at approximately 11:00 a.m. (London time) on the day that is one (1) LIBOR Business Day prior to the first day of such Interest Period with a maturity approximately equal to such Interest Period and in an amount approximately equal to the amount to which such Interest Period relates, adjusted for reserves and taxes if required by future regulations. If Dow Xxxxx Markets no longer reports such rate or Agent determines in good faith that the rate so reported no longer accurately reflects the rate available to Agent in the London Interbank Market, Agent may select a replacement index. For any period during which a Reserve Percentage shall apply, the LIBOR Rate with respect to LIBOR Rate Loans shall be equal to the amount determined above divided by an amount equal to 1 minus the Reserve Percentage. Libor Rate Loan(s). Loans bearing interest calculated by reference to the Libor Rate.

Appears in 2 contracts

Samples: Term Loan Agreement (Whitestone REIT), Revolving Credit Agreement (Hartman Commercial Properties Reit)

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LIBOR Rate. For any LIBOR Libor Rate Loan for any Interest Period, the average rate (rounded upwards to the nearest 1/16th) as shown in Dow Xxxxx Markets (formerly Telerate) (Page 3750) at which deposits in U.S. dollars are offered by first class banks in the London Interbank Market at approximately 11:00 a.m. (London time) on the day that is one two (12) LIBOR Libor Business Day Days prior to the first day of such Interest Period with a maturity approximately equal to such Interest Period and in an amount approximately equal to the amount to which such Interest Period relates, adjusted for reserves and taxes if required by future regulations. If Dow Xxxxx Markets no longer reports such rate or Agent determines in good faith that the rate so reported no longer accurately reflects the rate available to Agent in the London Interbank Market, Agent may select a comparable replacement index. For any period during which a Reserve Percentage shall apply, the LIBOR Libor Rate with respect to LIBOR Libor Rate Loans shall be equal to the amount determined above divided by an amount equal to 1 minus the Reserve Percentage. Libor Rate Loan(s). Loans bearing interest calculated by reference to the Libor Rate.

Appears in 1 contract

Samples: Revolving Credit Agreement (First Potomac Realty Trust)

LIBOR Rate. For any LIBOR Rate Loan for any Interest Period, the average rate (rounded upwards to the nearest 1/16th1/100th) as shown in Dow Xxxxx Jones Markets (formerly Telerate) (Page 3750) at which deposits in U.S. dollars U.X. xollars are offered by first class banks in the London Interbank Market at approximately 11:00 a.m. (London time) on the day that is one two (12) LIBOR Business Day Days prior to the first day of such Interest Period with a maturity approximately equal to such Interest Period and in an amount approximately equal to the amount to which such Interest Period relates, adjusted for reserves and taxes if required by future regulations. If Dow Xxxxx Jones Markets no longer reports such rate or Agent determines in good faith goox xxxth that the rate so reported no longer accurately reflects the rate available to Agent in the London Interbank Market, Agent may select a replacement index. For any period during which a Reserve Percentage shall apply, the LIBOR Rate with respect to LIBOR Rate Loans shall be equal to the amount determined above divided by an amount equal to 1 minus the Reserve Percentage. Libor Rate Loan(s). Loans bearing interest calculated by reference to the Libor Rate.

Appears in 1 contract

Samples: Term Loan Agreement (Ramco Gershenson Properties Trust)

LIBOR Rate. For any LIBOR Rate Loan for any Interest Period, the average rate (rounded upwards to the nearest 1/16th1/100th) as shown in Dow Xxxxx Markets (formerly Telerate) (Page 3750) at which deposits in U.S. dollars are offered by first class banks in the London Interbank Market at approximately 11:00 a.m. (London time) on the day that is one two (12) LIBOR Business Day Days prior to the first day of such Interest Period with a maturity approximately equal to such Interest Period and in an amount approximately equal to the amount to which such Interest Period relates, adjusted for reserves and taxes if required by future regulations. If Dow Xxxxx Markets no longer reports such rate or Agent determines in good faith that the rate so reported no longer accurately reflects the rate available to Agent in the London Interbank Market, Agent may select a replacement index. For any period during which a Reserve Percentage shall apply, the LIBOR Rate with respect to LIBOR Rate Loans shall be equal to the amount determined above divided by an amount equal to 1 minus the Reserve Percentage. Libor LIBOR Rate Loan(s)Loans. Loans bearing interest calculated by reference to the Libor a LIBOR Rate.

Appears in 1 contract

Samples: Loan Agreement (Meruelo Richard)

LIBOR Rate. For any LIBOR Rate Loan for any Interest Period, the average rate (rounded upwards to the nearest 1/16th) as shown in Dow Xxxxx Jxxxx Markets (formerly Telerate) (Page 3750) at which deposits in U.S. dollars are offered by first class banks in the London Interbank Market at approximately 11:00 a.m. (London time) on the day that is one (1) LIBOR Business Day prior to the first day of such Interest Period with a maturity approximately equal to such Interest Period and in an amount approximately equal to the amount to which such Interest Period relates, adjusted for reserves and taxes if required by future regulations. If Dow Xxxxx Jxxxx Markets no longer reports such rate or Agent determines in good faith that the rate so reported no longer accurately reflects the rate available to Agent in the London Interbank Market, Agent may select a replacement index. For any period during which a Reserve Percentage shall apply, the LIBOR Rate with respect to LIBOR Rate Loans shall be equal to the amount determined above divided by an amount equal to 1 minus the Reserve Percentage. Libor Rate Loan(s). Loans bearing interest calculated by reference to the Libor Rate.

Appears in 1 contract

Samples: Revolving Credit Agreement (First Potomac Realty Trust)

LIBOR Rate. For any LIBOR Rate Loan for any Interest Period, the average rate (rounded upwards to the nearest 1/16th1/100th) as shown in Dow Xxxxx Jones Markets (formerly Telerate) (Page 3750) at which deposits in U.S. dollars U.X. xollars are offered by first class banks in the London Interbank Market at approximately 11:00 a.m. (London time) on the day that is one two (12) LIBOR Business Day Days prior to the first day of such Interest Period with a maturity approximately equal to such Interest Period and in an amount approximately equal to the amount to which such Interest Period relates, adjusted for reserves and taxes if required by future regulations. If Dow Xxxxx Jones Markets no longer reports such rate or Agent determines in good faith goox xxxth that the rate so reported no longer accurately reflects the rate available to Agent in the London Interbank Market, Agent may select a replacement index. For any period during which a Reserve Percentage shall apply, the LIBOR Rate with respect to LIBOR Rate Loans shall be equal to the amount determined above divided by an amount equal to 1 minus the Reserve Percentage. Libor LIBOR Rate Loan(s)Loans. Loans bearing interest calculated by reference to the Libor a LIBOR Rate.

Appears in 1 contract

Samples: Bridge Loan Agreement (Ramco Gershenson Properties Trust)

LIBOR Rate. For any LIBOR Rate Loan for any Interest Period, the average rate (rounded upwards to the nearest 1/16th1/100th) as shown in Dow Xxxxx Markets (formerly Telerate) (Page 3750) at which deposits in U.S. dollars are offered by first class banks in the London Interbank Market at approximately 11:00 a.m. (London time) on the day that is one two (12) LIBOR Business Day Days prior to the first day of such Interest Period with a maturity approximately equal to such Interest Period and in an amount approximately equal to the amount to which such Interest Period relates, adjusted for reserves and taxes if required by future regulations. If Dow Xxxxx Markets no longer reports such rate or Agent determines in good faith that the rate so reported no longer accurately reflects the rate available to Agent in the London Interbank Market, Agent may select a replacement indexindex after consultation with the Borrower. For any period during which a Reserve Percentage shall apply, the LIBOR Rate with respect to LIBOR Rate Loans shall be equal to the amount determined above divided by an amount equal to 1 minus the Reserve Percentage. Libor LIBOR Rate Loan(s)Loans. Loans bearing interest calculated by reference to the Libor a LIBOR Rate.

Appears in 1 contract

Samples: Credit Agreement (Gramercy Capital Corp)

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LIBOR Rate. For any LIBOR Libor Rate Loan for any Interest Period, the average rate (rounded upwards to the nearest 1/16th) as shown in Dow Xxxxx Markets (formerly Telerate) (Page 3750) at which deposits in U.S. dollars are offered by first class banks in the London Interbank Market at approximately 11:00 a.m. (London time) on the day that is one two (12) LIBOR Libor Business Day Days prior to the first day of such Interest Period with a maturity approximately equal to such Interest Period and in an amount approximately equal to the amount to which such Interest Period relates, adjusted for reserves and taxes if required by future regulations. If Dow Xxxxx Markets no longer reports such rate or Agent determines in good faith that the rate so reported no longer accurately reflects the rate available to Agent in the London Interbank Market, Agent may select a comparable replacement index. For any period during which a Reserve Percentage shall apply, the LIBOR Libor Rate with respect to LIBOR Libor Rate Loans shall be equal to the amount determined above divided by an amount equal to 1 minus the Reserve Percentage. Libor Rate Loan(s). Loans The portion(s) of the Term Loan bearing interest calculated by reference to the Libor Rate. Lien. See §9.2.

Appears in 1 contract

Samples: Secured Term Loan Agreement (First Potomac Realty Trust)

LIBOR Rate. For any LIBOR Rate Loan for any Interest Period, the average rate (rounded upwards to the nearest 1/16th1/100th) as shown in Dow Xxxxx Jones Markets (formerly Telerate) (Page 3750) at which deposits in U.S. dollars U.X. xxllars are offered by first class banks in the London Interbank Market at approximately 11:00 a.m. (London time) on the day that is one two (12) LIBOR Business Day Days prior to the first day of such Interest Period with a maturity approximately equal to such Interest Period and in an amount approximately equal to the amount to which such Interest Period relates, adjusted for reserves and taxes if required by future regulations. If Dow Xxxxx Jones Markets no longer reports such rate or Agent determines in good faith xxxxh that the rate so reported no longer accurately reflects the rate available to Agent in the London Interbank Market, Agent may select a replacement index. For any period during which a Reserve Percentage shall apply, the LIBOR Rate with respect to LIBOR Rate Loans shall be equal to the amount determined above divided by an amount equal to 1 minus the Reserve Percentage. Libor LIBOR Rate Loan(s)Loans. Collectively, the Revolving Credit LIBOR Rate Loans bearing interest calculated by reference to and the Libor RateTerm LIBOR Rate Loans. Lien. See Section 8.2.

Appears in 1 contract

Samples: Master Loan Agreement (Ramco Gershenson Properties Trust)

LIBOR Rate. For any LIBOR Rate Loan for any Interest Period, the average rate (rounded upwards to the nearest 1/16th1/100th) as shown in Dow Xxxxx Jones Markets (formerly Telerate) (Page 3750) at which deposits in U.S. dollars U.X. xxllars are offered by first class banks in the London Interbank Market at approximately 11:00 a.m. (London time) on the day that is one two (12) LIBOR Business Day Days prior to the first day of such Interest Period with a maturity approximately equal to such Interest Period and in an amount approximately equal to the amount to which such Interest Period relates, adjusted for reserves and taxes if required by future regulations. If Dow Xxxxx Jones Markets no longer reports such rate or Agent determines in good faith xxxxh that the rate so reported no longer accurately reflects the rate available to Agent in the London Interbank Market, Agent may select a replacement index. For any period during which a Reserve Percentage shall apply, the LIBOR Rate with respect to LIBOR Rate Loans shall be equal to the amount determined above divided by an amount equal to 1 minus the Reserve Percentage. Libor LIBOR Rate Loan(s)Loans. Loans bearing interest calculated by reference to the Libor a LIBOR Rate.

Appears in 1 contract

Samples: Bridge Loan Agreement (Windrose Medical Properties Trust)

LIBOR Rate. For any LIBOR Libor Rate Loan for any Interest Period, the average rate (rounded upwards to the nearest 1/16th) as shown in Dow Xxxxx Jxxxx Markets (formerly Telerate) (Page 3750) at which deposits in U.S. dollars are offered by first class banks in the London Interbank Market at approximately 11:00 a.m. (London time) on the day that is one two (12) LIBOR Libor Business Day Days prior to the first day of such Interest Period with a maturity approximately equal to such Interest Period and in an amount approximately equal to the amount to which such Interest Period relates, adjusted for reserves and taxes if required by future regulations. If Dow Xxxxx Jxxxx Markets no longer reports such rate or Agent determines in good faith that the rate so reported no longer accurately reflects the rate available to Agent in the London Interbank Market, Agent may select a comparable replacement index. For any period during which a Reserve Percentage shall apply, the LIBOR Libor Rate with respect to LIBOR Libor Rate Loans shall be equal to the amount determined above divided by an amount equal to 1 minus the Reserve Percentage. Libor Rate Loan(s). Loans The portion(s) of the Term Loan bearing interest calculated by reference to the Libor Rate. Lien. See §9.2.

Appears in 1 contract

Samples: Secured Term Loan Agreement (First Potomac Realty Trust)

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