Adjusted LIBOR Index definition

Adjusted LIBOR Index for an applicable Interest Period shall mean a rate per annum equal to the quotient obtained by dividing (i) the applicable "LIBOR Index" for such Interest Period by (ii) 1.00 minus the "Eurodollar Reserve Percentage."
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Examples of Adjusted LIBOR Index in a sentence

  • Successor LMIR or Adjusted LIBOR Index ................................

  • During such periods as the Swing Loans shall bear interest at the Adjusted LIBOR Index Rate, each such LIBOR Index Loan shall bear interest at a per annum rate equal to the sum of the Adjusted LIBOR Index Rate plus the Applicable Percentage for LIBOR Index Loans.