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.
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.
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 that vein, one industry officer suggested that agents could even bid for seller listings,253 although it is not clear how that would work.
The CBFR is a variable rate and any change in the CBFR due to any change in the Prime Rate or the Adjusted One Month LIBOR Rate is effective from and including the effective date of such change in the Prime Rate or the Adjusted One Month LIBOR Rate, respectively.