Adjusted One Month LIBOR Rate means, an interest rate per annum equal to the sum of (i) 2.5% per annum plus (ii) the Adjusted LIBO Rate for a one month Interest Period on such day (or if such day is not a Business Day, the immediately preceding Business Day); provided that, for the avoidance of doubt, the Adjusted LIBO Rate for any day shall be based on the rate appearing on the Reuters Screen LIBOR01 Page (or on any successor or substitute page) at approximately 11:00 a.m. London time on such day (without any rounding).
Adjusted One Month LIBOR Rate means, with respect to a CB Floating Rate Advance for any day, the sum of (i) 2.50% per annum plus (ii) the quotient of (a) the interest rate determined by the Bank by reference to the Page to be the rate at approximately 11:00 a.m. London time, on such date or, if such date is not a Business Day, on the immediately preceding Business Day for dollar deposits with a maturity equal to one (1) month, divided by (b) one minus the Reserve Requirement (expressed as a decimal) applicable to dollar deposits in the London interbank market with a maturity equal to one (1) month.
Adjusted One Month LIBOR Rate means, for any day, an interest rate per annum equal to the sum of (i) 2.50% plus (ii) the Adjusted LIBO Rate for a one month interest period on such day (or if such day is not a Business Day, the immediately preceding Business Day); provided that, for the avoidance of doubt, the Adjusted LIBO Rate for any day shall be based on the LIBO Screen Rate at approximately 11:00 a.m. London time on such day; provided further, that, if the LIBO Screen Rate at such time shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.
Examples of Adjusted One Month LIBOR Rate in a sentence
Such funds shall continue to bear interest at the Adjusted One Month LIBOR Rate until fully repaid by the Company.
As used herein, "Adjusted One Month LIBOR Rate" shall mean an annual rate equal to two and one-half percent (2.50%) plus the greater of: (a) the One-Month LIBOR Rate, or (b) one and one-half percent (1.50%).
In the event that the Bank pays any sum (a "LC Draw Amount") drawn by the beneficiary of an outstanding Letter of Credit (a "LC Draw"), interest shall immediately start to accrue on the LC Draw Amount at the Adjusted One Month LIBOR Rate (hereinafter defined), and such interest shall continue to accrue until reimbursement in full to the Bank.
Any change in the CB Floating Rate due to a change in the Prime Rate or the Adjusted One Month LIBOR Rate shall be effective from and including the effective date of such change in the Prime Rate or the Adjusted One Month LIBOR Rate, respectively.
LIBOR Rate Advance" shall mean any amount owed by Borrower under the Note that bears interest at a rate calculated with reference to either the Adjusted One Month LIBOR Rate, the Adjusted Two Month LIBOR Rate or the Adjusted Three Month LIBOR Rate.
More Definitions of Adjusted One Month LIBOR Rate
Adjusted One Month LIBOR Rate means, for any day, an interest rate per annum equal to the sum of (i) 2.50% per annum plus (ii) the Adjusted LIBOR Rate for a one-month interest period on such day (or if such day is not a Business Day, the immediately preceding Business Day); provided that, for the avoidance of doubt, the Adjusted LIBOR Rate for any day shall be based on the LIBOR Screen Rate at approximately 11:00 a.m. London time on such day.
Adjusted One Month LIBOR Rate means the interest on each advance hereunder shall accrue at an annual rate equal to 1.65% plus the one-month LIBOR rate quoted by U.S. Bank from Reuters Screen LIBOR01 Page or any successor thereto, which shall be that one-month LIBOR rate in effect two New York Banking Days prior to the Reprice Date, adjusted for any reserve requirement and any subsequent costs arising from a change in government regulation, and such rate to be reset monthly on each Reprice Date. If the initial advance under this Note occurs other than on the Reprice Date, the initial one-month LIBOR rate shall be that one-month LIBOR rate in effect two New York Banking Days prior to the date of the initial advance, which rate plus the percentage described above shall be in effect until the first day of the next Reprice Date. U.S. Bank's internal records of applicable interest rates shall be determinative in the absence of manifest error.
Adjusted One Month LIBOR Rate means, for any day, 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 Administrative Agent from time to time) at approximately 11:00 a.m., London time on such day for Dollar deposits with a one month term.
Adjusted One Month LIBOR Rate means, for any day, the sum of (i) % per annum plus (ii) the quotient of (a) the interest rate determined by the JPMorgan Chase Bank, N.A., by reference to Reuters Screen LIBOR01 (or on any successor or substitute page of such service (or any successor to or substitute for such service) providing rate quotations comparable to those currently provided on such page of such service, as determined by the JPMorgan Chase Bank, N.A. from time to time for purposes of providing quotations of interest rates applicable to dollar deposits in the London interbank market) to be the per annum rate at approximately 11:00 a.m., London time, on such day (or, if such day is not a business day (any day other than a Saturday, Sunday, legal holiday or any other day on which the JPMorgan Chase Bank, N.A.is authorized or required to close), on the immediately preceding business day) for dollar deposits then made in the London interbank market with a maturity equal to one (1) month, divided by (b) one minus the Reserve Requirement (expressed as a decimal) applicable to dollar deposits in the London interbank market with a maturity equal to one (1) month.
Adjusted One Month LIBOR Rate means the quotient of (a) the LIBOR Rate (as defined in the next sentence) divided by (b) one minus the reserve requirement applicable to dollar deposits in the London interbank market with a maturity equal to one month (expressed as a percentage). For purposes of this definition, "LIBOR Rate" means the interest rate determined by Agent b y reference to Reuters Screen LIBOR01, formerly known as Page 3750 of the Moneyline Telerate Service (together with any successor or substitute, the "Service") or any successor or substitute page of the Service providing rate quotations comparable to those currently provided on such page of the Service, as determined by Agent from time to time for purposes of providing quotations of interest rates applicable to dollar deposits in the London interbank market, to be the rate at approximately 11:00 a.m. (London time), one Business Day prior to the first day of the applicable Default Rate period with a maturity equal to one month. If no LIBOR Rate is available to Agent for this purpose, the applicable LIBOR Rate for the applicable Default Rate period shall instead be the rate determined by Agent to be the rate at which Agent offers to place U.S. dollar deposits having a maturity equal to one month with first- class banks in the London interbank market at approximately 11:00 a.m. (London time), one Business Day prior to the first day of such Default Rate period.
Adjusted One Month LIBOR Rate means, an interest rate per annum equal to the Adjusted LIBO Rate for a one month interest period as displayed on pages LIBOR01 or LIBOR02 of the Reuters screen (or on any successor or substitute page) on such day plus 2.50%.
Adjusted One Month LIBOR Rate means, for any day, an interest rate per annum equal to the sum of (i) 1.00% plus (ii)