30-day LIBOR definition

30-day LIBOR means the one-month London Inter-Bank Offered Rate for U.S. dollars as quoted on Page 3750 on the Dow ▇▇▇▇▇ Market Service, formerly known as the Telerate Service (or such other page as may replace Page 3750 on that service or such other service as may be designated for the time being by the British Bankers' Association as the information vendor for the purpose of displaying British Bankers' Association Interest Settlement Rates) as of 11:00 a.m., London time, on an Interest Commencement Date.

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30-day LIBOR means the rate determined by the Lender for any date of determination as the rate for deposits for a period of thirty days in U.S. Dollars which appears on Telerate Page 3750 as of 11:00 a.m., London time, on the day that is two London Banking Days preceding that date of determination. If such rate does not appear on the Telerate Page 3750, the rate for that date of determination will be determined as if the parties had specified the LIBOR-Reference Banks Rate as the applicable rate.

30-day LIBOR means the rate reported as such in the Wall Street Journal in the section entitled “Money & Investing” under the heading “Money Rates – Euordollars” or the equivalent section.

Examples of 30-day LIBOR in a sentence

• Borrower shall pay Bank interest, in arrears, on the principal amount of each Loan from the date on which such Loan is made pursuant to the statement above until such Loan is due under the Agreement, at a rate per annum during each Interest Period equal to 30-day LIBOR on the Interest Commencement Date of such Interest Period plus one percent (100 basis points).

• In the event that any payment due under this Agreement is not made when due, the amount due shall accrue interest beginning on the fifth (5th) day following the date on which such payment was due, calculated at the annual rate equal to the higher of one percent (1.0%) per month or two percent (2%) above the thirty (30)-day LIBOR for U.S. dollars reported in the Wall Street Journal for the due date, calculated from the due date until paid in full.

• Should either APT or Loral Orion fail to make timely payment of any amount required hereunder in accordance with the provisions defined herein, and such failure to pay shall have continued for a period of three (3) months, the party in breach shall pay interest to the other party at the 30-day LIBOR rate plus two percent (2%) per annum in respect of the amounts in arrears.

• In the event that The Wall Street Journal ceases to be published or ceases to publish such a compilation of interbank offered rates, the Borrower and the Lender will agree on a substitute source and method of determining the interest rate generally known as the one-month (or 30-day) LIBOR rate.

• Interest accrued on substantially all loans is based on a margin over 30-day LIBOR as of the date of advance.

• The LIBOR that shall be used in calculating such compensation shall be the 30-day LIBOR as published daily by Bloomberg Professional Services.

• If Rigel does not receive payment of any sum due to it on or before the due date, simple interest shall thereafter accrue on the sum due to Rigel from the due date until the date of payment at a rate of [ * ] percentage point ([ * ]%) over the then-current 30-day LIBOR rate, or the maximum rate allowable by applicable law, whichever is less.

• With respect to a Revolving LIBOR-Based Rate, interest shall be payable, in arrears, on the first Business Day following the expiration of the 30-day LIBOR period.

• The parties hereto agree that should an Indemnifying Party not make full payment of any such obligations within such ten (10) Business Day period, any amount payable shall accrue interest from and including the date of agreement of the Indemnifying Party or final, non-appealable adjudication to and including the date such payment has been made at a rate per annum equal to 30-day LIBOR plus 4.00%.

• In the event that any payment due under this Agreement is not made when due, the amount due shall accrue interest beginning on the tenth (10th) day following the date on which such payment was due, calculated at the annual rate equal to the higher of one percent (1.0%) per month or two percent (2%) above the thirty (30)-day LIBOR for U.S. dollars reported in the Wall Street Journal for the due date, calculated from the due date until paid in full.

More Definitions of 30-day LIBOR

30-day LIBOR means, for any Interest Period, the rate per annum (rounded upwards to the nearest 1/16th of one percentage point, if necessary) equal to the quotient obtained by dividing (i) the offered rate for U.S. Dollar deposits for a thirty (30) day period appearing on Telerate page 3750 (or as quoted by such other reference source as may be designated by the Agent in writing) as of 11:00 a.m. (London time), on the day that is two (2) Business Days prior to the beginning of such Interest Period (but if at least two such rates appear on such page or are so quoted at such time, the offered rate for such Interest Period shall be the arithmetic mean of such rates), by (ii) a percentage equal to one (1) minus the LIBOR Reserve Percentage. "90-DAY LIBOR" shall mean, for any Interest Period, the rate per annum (rounded upwards to the nearest 1/16th of one percentage point, if necessary) equal to the quotient obtained by dividing (i) the offered rate for U.S. Dollar deposits for a ninety (90) period appearing on Telerate page 3750 (or as quoted by such other reference source as may be designated by the Agent in writing) as of 11:00 a.m. (London time), on the day that is two (2) Business Days prior to the beginning of such Interest Period (but if at least two such rates appear on such page or are so quoted at such time, the offered rate for such Interest Period shall be the arithmetic mean of such rates), by (ii) a percentage equal to one (1) minus the LIBOR Reserve Percentage. Capitalized terms used in the Facilities Agreement without definition shall have the meaning assigned to such terms in the Senior Credit Agreement as in effect on the date hereof. Any accounting term used in the Facilities Agreement shall have, unless otherwise specifically provided herein, the meaning customarily given such term in accordance with GAAP, and all financial computations hereunder shall be computed, unless otherwise specifically provided herein, in accordance with GAAP consistently applied. That certain items or computations are explicitly modified by the phrase "in accordance with GAAP" shall in no way be construed to limit the foregoing. All other undefined terms contained in the Facilities Agreement shall, unless the context indicates otherwise, have the meanings provided for by the Code as in effect in the State of Nevada to the extent the same are used or defined therein. The words "herein," "hereof" and "hereunder" or other words of similar import refer to the Facilities Agreement ...

30-day LIBOR means the one month rate, as reported in the "Money Rates" section of The Wall Street Journal (Southwest Edition) as the average of interbank offered rates for dollar deposits in the London market based on quotations at five major banks, and shall remain in effect for the next one month interest period. As of September 20, 1996, the 30 Day LIBOR was five and one-half of one percent (5 1/2%). Each change in the per annum interest rate charged under the 30 Day LIBOR shall become effective, without notice (which notice is hereby waived), on the date of each change in the 30 Day LIBOR on the first day of each successive one month interest period. Lender may, from time to time, extend credit to anyone at rates of interest varying from, and having no relation to, the 30 Day LIBOR.

30-day LIBOR means the rate per annum equal to the British Bankers Association LIBOR Rate (“BBA LIBOR”), as published by Reuters (or other commercially available source providing quotations of BBA LIBOR as designated by the Calculation Agent (as defined below) from time to time) at approximately 11:00 a.m., (London time) two (2) Business Days prior to 30 days prior to the applicable Dividend Payment Date (the “Calculation Period”), for deposits in U.S. dollars (for delivery on the first day of such Calculation Period, or, if such day is not a Business Day, the first Business Day following such day) with a term equivalent to a 30-day interest period. If such rate is not available at such time for any reason, then “30-day LIBOR” shall be the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) appearing on Reuters Screen LIBO Page as the London interbank offered rate for deposits in U.S. dollars at approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Calculation Period for a term comparable to a 30-day interest period; provided, however, if more than one rate is specified on Reuters Screen LIBO Page, the applicable rate shall be the arithmetic mean of all such rates.

30-day LIBOR means .] “Term Loan” or “Term Loans” shall have the meaning set forth in Section 2.3(f) hereof, “Term Loan Conversion Date” shall have the meaning set forth in Section 2.3(f) hereof. “Term Loan Final Amortization Date” shall have the meaning set forth in Section 2.3(f)

30-day LIBOR means the fluctuating rate of interest equal to the one month London Interbank Offered Rate as published in the “Money Rates” section of Bloomberg (or, if such source is not available, such alternate source as determined by American Momentum Bank) (the “Index”). Any change in the rate will take effect on the effective date as quoted the day of the rate change. If no rate is quoted on that date, the rate quoted on the day most immediately preceding that determination date on which a rate was quoted in Reuter’s Monitor Money Rates Service. Interest will accrue on any non-banking day at the rate in effect on the immediately preceding banking day.