London Interbank Offered Rate Sample Clauses

London Interbank Offered Rate. The definition of “London Interbank Offered Rate” shall be amended and restated in its entirety to read as follows:
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London Interbank Offered Rate. The definition of “London Interbank Offered Rate” shall be amended by adding a new sentence at the end of such definition to read in full as follows: If at any time the London Interbank Offered Rate is less than zero, the London Interbank Offered Rate shall be deemed to be zero for purposes of this Agreement.
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London Interbank Offered Rate. 2. Term of Agreement. This Agreement shall be co-terminus with the Clearing Agreement between these parties dated May 8, 2000.
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London Interbank Offered Rate applicable to any Interest ----------------------------- Period for a LIBOR Loan means the thirty (30) or ninety (90) day, as applicable, rate per annum (rounded upward, if necessary, to the nearest 1/100 of 1%) LIBOR rate, as published daily in the Money Rates section of the Wall Street Journal.
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London Interbank Offered Rate. The term “London Interbank Offered Rate” shall mean, with respect to any Interest Period, the rate per annum published in the Wall Street Journal (Southwest Edition) in the “Money Rates” section as the “London Interbank Offered Rates (LIBOR)” for a period of time equal to the applicable Interest Period, as of two Business Days proceeding the date of Borrowing.
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London Interbank Offered Rate. (a) for any interest rate calculation with respect to a Euro-Dollar Loan, the rate of interest per annum determined on the basis of the rate for deposits in Dollars for a period equal to the applicable Interest Period as published by the ICE Benchmark Administration Limited, a United Kingdom company, at approximately 11:00 a.m. (London time) two (2) London Banking Days prior to the first day of the applicable Interest Period. If, for any reason, such rate is not so published, then the "London Interbank Offered Rate" shall be determined by the Administrative Agent to be the arithmetic average of the rate per annum at which deposits in Dollars would be offered by first class banks in the London interbank market to the Administrative Agent at approximately 11:00 a.m. (London time) two (2) London Banking Days prior to the first day of the applicable Interest Period for a period equal to such Interest Period, and
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London Interbank Offered Rate. 1 – LIBOR Reserve Percentage
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London Interbank Offered Rate. If LIBOR is no longer published on the Telerate Information System, then LIBOR shall be the interest rate per annum quoted in THE WALL STREET JOURNAL. If LIBOR is no longer published in THE WALL STREET JOURNAL, then LIBOR shall be the interest rate per annum quoted to the Holder by major banks in the London Interbank Eurodollar market ("LIBOR Banks") as the rate per annum at which deposits in dollars are offered in London, England to major banks in the London Interbank market at approximately 11:00 a.m. (New York time) on the Business Day immediately preceding the first day of the Eurodollar Interest Period and in an amount substantially equal to the outstanding principal under this Note for a thirty (30) day period. The term "Eurodollar Reserve Percentage" means for each Eurodollar Interest Period the maximum reserve percentage in effect on the first day of such Eurodollar Interest Period as prescribed by the Board of Governors of the Federal Reserve System (or any successor) for determining reserve requirements applicable to "Eurodollar liabilities" pursuant to Regulation D or any other then applicable regulations of the Board of Governors (or any successor) which prescribes reserve requirements applicable to "Eurocurrency liabilities", as presently defined in Regulation D, or any Eurocurrency funding. The term "Eurodollar Interest Period" means each successive thirty (30) day period prior to Maturity Date. Each Eurodollar Interest Period shall commence on the day on which the next preceding Eurodollar Interest Period expires. If any Eurodollar Interest Period would otherwise expire on a day which is not a Business Day such Eurodollar Interest Period shall be extended to expire on the next succeeding Business Day, if the next succeeding Business Day occurs in the same calendar month; however, if there will be no succeeding Business Day in such calendar month, the Eurodollar Interest Period shall expire on the immediately preceding Business Day.
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Related to London Interbank Offered Rate

  • Reference Banks If a Reference Bank (or, if a Reference Bank is not a Lender, the Lender of which it is an Affiliate) ceases to be a Lender, the Agent shall (in consultation with the Borrower) appoint another Lender or an Affiliate of a Lender to replace that Reference Bank.

  • LIBOR Rate The election of LIBOR Rates shall be subject to the following terms and requirements:

  • LIBOR Borrower may prepay principal on any portion of this Note which bears interest determined in relation to LIBOR at any time and in the minimum amount of One Hundred Thousand Dollars ($100,000.00); provided however, that if the outstanding principal balance of such portion of this Note is less than said amount, the minimum prepayment amount shall be the entire outstanding principal balance thereof. In consideration of Bank providing this prepayment option to Borrower, or if any such portion of this Note shall become due and payable at any time prior to the last day of the Fixed Rate Term applicable thereto by acceleration or otherwise, Borrower shall pay to Bank immediately upon demand a fee which is the sum of the discounted monthly differences for each month from the month of prepayment through the month in which such Fixed Rate Term matures, calculated as follows for each such month:

  • Interest Period Commencing on the first (1st) Payment Date of the month following the month in which the Funding Date of the applicable Term Loan Advance occurs, and continuing on each Payment Date thereafter, Borrower shall make monthly payments of interest on the principal amount of each Term Loan Advance at the rate set forth in Section 2.2(a).

  • Pro rata interest settlement If the Agent has notified the Lenders that it is able to distribute interest payments on a “pro rata basis” to Existing Lenders and New Lenders then (in respect of any transfer pursuant to Clause 25.5 (Procedure for transfer) or any assignment pursuant to Clause 25.6 (Procedure for assignment) the Transfer Date of which, in each case, is after the date of such notification and is not on the last day of an Interest Period):

  • Alternate Base Rate Loans During such periods as Revolving Loans shall be comprised of Alternate Base Rate Loans, each such Alternate Base Rate Loan shall bear interest at a per annum rate equal to the sum of the Alternate Base Rate plus the Applicable Percentage; and

  • Interest on Revolving Credit Loans Except as otherwise provided in Section 5.11,

  • Federal Funds Rate Notes If the Interest Rate Basis is the Federal Funds Rate, this Note shall be deemed a “Federal Funds Rate Note.” Unless otherwise specified on the face hereof, “Federal Funds Rate” means: (1) the rate on the particular Interest Determination Date for United States dollar federal funds as published in H.15(519) under the caption “Federal Funds (Effective)” and displayed on Moneyline Telerate (or any successor service) on page 120 (or any other page as may replace the specified page on that service) (“Moneyline Telerate Page 120”); or (2) if the rate referred to in clause (1) does not so appear on Moneyline Telerate Page 120 or is not so published by 3:00 P.M., New York City time, on the related Calculation Date, the rate on the particular Interest Determination Date for United States dollar federal funds as published in H.15 Daily Update, or such other recognized electronic source used for the purpose of displaying the applicable rate, under the caption “Federal Funds (Effective)”; or (3) if the rate referred to in clause (2) is not so published by 3:00 P.M., New York City time, on the related Calculation Date, the rate on the particular Interest Determination Date calculated by the Calculation Agent as the arithmetic mean of the rates for the last transaction in overnight United States dollar federal funds arranged by three leading brokers of United States dollar federal funds transactions in The City of New York (which may include the purchasing agent or its affiliates) selected by the Calculation Agent prior to 9:00 A.M., New York City time, on that Interest Determination Date; or (4) if the brokers so selected by the Calculation Agent are not quoting as mentioned in clause (3), the Federal Funds Rate in effect on the particular Interest Determination Date.

  • Interest on Revolving Credit Advances Each Borrower shall pay interest on the unpaid principal amount of each Revolving Credit Advance made to such Borrower owing to each Lender from the date of such Revolving Credit Advance until such principal amount shall be paid in full, at the following rates per annum:

  • Reserves on Eurodollar Rate Loans The Borrower shall pay to each Lender, as long as such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid principal amount of each Eurodollar Rate Loan equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which shall be due and payable on each date on which interest is payable on such Loan, provided the Borrower shall have received at least 10 days’ prior notice (with a copy to the Administrative Agent) of such additional interest from such Lender. If a Lender fails to give notice 10 days prior to the relevant Interest Payment Date, such additional interest shall be due and payable 10 days from receipt of such notice.

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