1 Month LIBOR Rate definition
1 Month LIBOR Rate means, with respect to each day, the rate for Dollar deposits of one-month maturity as reported on Reuters Screen LIBOR01 Page as of 11:00 a.m., London time, on such day or if such day is not a London Business Day, then the immediately preceding London Business Day (or if not so reported, then as determined by the Agent from another recognized source or interbank quotation).
1 Month LIBOR Rate means the LIBOR Rate applicable to an Interest Period of one month, plus 3.00%.
1 Month LIBOR Rate means the per annum interest rate (rounded upward, if necessary, to the nearest 1/32 of one percent) for deposits in U.S. Dollars equal to the British Bankers’ Association LIBOR (or any entity that assumes responsibility for determining such rate) (“BBA LIBOR”) for a one-month period as appearing on the BBAM page of the Bloomberg Professional Service (or, if no longer published by Bloomberg, such other commercially available source providing quotations of BBA LIBOR as determined by the Calculation Agent from time to time, upon notice to the City) at approximately 11:00 A.M. (London time) two London Banking Days prior to a 1-Month LIBOR Reset Date; provided, however, if more than one BBA LIBOR is specified, the applicable rate shall be the arithmetic mean of all such rates; provided further, however, that, for purposes of this Indenture, the 1-
Examples of 1 Month LIBOR Rate in a sentence
The interest rate on the Revolving Loan and Long Term Reducing Revolving Loan is subject to change from time to time based on changes in an independent index which is the London Interbank Offered Rate for U.S. Dollar deposits published in The Wall Street Journal as the One (1) Month LIBOR Rate ("LIBOR RATE").
The interest rate on this Note is subject to change from time to time based on changes in an independent index which is the London Interbank Offered Rate (commonly known as "LIBOR") for U.S. Dollar Deposits published by the Wall Street Journal as the "One (1) Month LIBOR Rate" (the "Index").
In the event ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇▇ shall cease to exist or shall cease to publish a current 1 Month LIBOR Rate, then the LIBOR Rate will be the London Interbank Offered Rate of interest per annum as published on the website of ▇▇▇▇://▇▇▇▇▇▇.▇▇▇.▇▇▇/public/us as the “One Month Libor Rate.” Commencing on the date of this Note and continuing through the Maturity Date, the LIBOR Rate shall be determined on the FIRST (1st) day of each calendar month and shall be fixed for such calendar month.
More Definitions of 1 Month LIBOR Rate
1 Month LIBOR Rate means the rate for deposits in U.S. dollars for the 1-month period which appears on "Telerate Page 3750" at approximately 11:00 a.m., London time, on the second London banking day prior to the applicable interest reset date; provided that the interest rate in effect from the date of issue to the first interest reset date will be based on the 1 Month LIBOR Rate on the second London banking day prior to the date of issue. If this rate does not appear on the Telerate Page 3750, the calculation agent will determine the rate on the basis of the rates at which deposits in U.S. dollars are offered by four major banks in the London interbank market (selected by the calculation agent) at approximately 11:00 a.m., London time, on the second London banking day prior to the applicable interest reset date to prime banks in the London interbank market for a period of one month commencing on that
1 Month LIBOR Rate means the rate quoted on the last business day of
1 Month LIBOR Rate means the rate quoted on the last business day of the prior calendar month. The offered quotation for the Currency and for a one month period which appears on systems (e.g. Bloomberg Service, Thomson – Reuters, etc.) for the purposes of displaying London Interbank offered rates of banks as of 11:00 a.m. (London time). The quotation for the most recent preceding Business Day shall apply for days that are not Business Days.
1 Month LIBOR Rate means (i) for an Interest Period commencing on a Drawdown Date for a Loan that is not a Payment Date for such Loan, the cost of funds for a Participant for such Interest Period, (ii) for an Interest Period commencing on the Payment Date immediately prior to the Maturity Date for a Loan and terminating on the Maturity Date for such Loan, the cost of funds for a Participant for such Interest Period and (iii) for any one-month Interest Period or other relevant period, the applicable Screen Rate as of 11:00 a.m. on the applicable Quotation Day for Dollars and a period equal in length to that Interest Period. Annex APage 1
1 Month LIBOR Rate means the rate for deposits in U.S. dollars for the 1-month period which appears on "Telerate Page 3750" at approximately 11:00
1 Month LIBOR Rate means the rate described as such and published in the Wall Street Journal (Eastern Edition) on the applicable date which, if not a Business Day, means the immediately preceding Business Day.
1 Month LIBOR Rate means the per annum rate of interest for one month deposits in U.S. Dollars for each day of the Measurement Period that appears on the Bloomberg Screen US0001M Index (London Interbank Offered Rate administered by the British Bankers’ Association, New York Stock Exchange Euronext or other successor administrator for LIBOR) at approximately 11:00 a.m. London time, or if such source becomes unavailable or there is no such successor, the per annum rate of interest for one month deposits in U.S. Dollars for each day of the Measurement Period obtained from such other commercially available source providing quotations of LIBOR as Bank may designate. The parties acknowledge that London Interbank Offered Rate (“LIBOR”) may be phased out in the future. In the event that the Ally Parties will no longer utilize a LIBOR-based rate for Inventory Financing under this Agreement, the “1-M LIBOR Index Rate” will be re-defined as the successor base or reference rate applicable to Inventory Financing designated by the Ally Parties in their reasonable discretion. In such event, the Increment will be adjusted by agreement of parties so that the total interest rate paid by the Dealership immediately after the conversion from the LIBOR-based rate will approximate the total interest rate paid by the Dealership immediately prior to the conversion.