Month LIBOR Clause Samples
The "Month LIBOR" clause defines the specific London Interbank Offered Rate (LIBOR) applicable for a given monthly period in a financial contract. It typically specifies how the relevant LIBOR rate is determined, such as referencing the rate published on a particular day or averaged over several days within the month. This clause ensures that all parties have a clear and consistent benchmark interest rate for calculating payments or interest accruals, thereby reducing ambiguity and potential disputes over which rate should apply during the contract term.
Month LIBOR. Not applicable.
Month LIBOR. The term "3-Month LIBOR" shall have the meaning set forth in subparagraph (3)(b) of paragraph (B) below.
Month LIBOR. Two-Month LIBOR as determined by the Underlying Indenture Trustee pursuant to the Underlying Indenture.
Month LIBOR. A margin of 3.00 percentage points over LIBOR. For purposes of this Note, 6-Month LIBOR shall mean the average of interbank offered rates for 6 month U.S. dollar denominated deposits in the London market, as published in the Western Edition of the Wall Street Journal and rounded upwards, if necessary, to the nearest one eighth (.125) of one percentage point.