Applicable LIBOR Rate definition

Applicable LIBOR Rate means, (a) for Auction Periods of 35 days or less, One-Month LIBOR, (b) for Auction Periods of more than 35 days but less than 91 days, Three-Month LIBOR, (c) for Auction Periods of more than 90 days but less than 181 days, Six-Month LIBOR, and (d) for Auction Periods of more than 180 days, One-Year LIBOR.

Applicable LIBOR Rate means the rate determined in accordance with the following provisions:

Applicable LIBOR Rate means, for any Applicable Interest Period, the rate per annum, determined by Agent (rounded upwards, if necessary, to the next 1/100th%), equal to the greater of (a) the Applicable Floor and (b) the Libor Rate Index.

Examples of Applicable LIBOR Rate in a sentence

• If at least two such quotations are provided, the Applicable LIBOR Rate on such Interest Determination Date will be the arithmetic mean (rounded upwards) of such quotations.

• If the Applicable LIBOR Rate on such Interest Determination Date does not appear on the Reuters Screen LIBOR01 Page, the Applicable LIBOR Rate will be determined as described in (ii) below.

• Each Advance shall bear interest from and including the date of the making of such Advance to (but not including) the date or repayment thereof at the Applicable LIBOR Rate, changing when and as the underlying LIBOR Rate changes, which such interest shall be payable in accordance with Section 2.9(B).

• After the occurrence and during the continuation of an Event of Default, at the option of the Required Lenders, the interest rate(s) applicable to the Advances shall be equal to the Applicable LIBOR Rate plus three percent (3.0%) per annum.

• LIBOR Based Rate - The LIBOR Rate plus the Applicable LIBOR Rate Margin.

More Definitions of Applicable LIBOR Rate

Applicable LIBOR Rate means for each interest period with respect to the Notes, the rate determined by the Issuers (written notice of such rate to be sent to the Trustee on the date of determination thereof) equal to the greater of (a) 4.0% or (b) the applicable British Bankers’ Association LIBOR rate for deposits in U.S. dollars for a period of six months as reported by any generally recognized financial information service as of 11:00 a.m. (London time) two Business Days prior to the first day of such interest period; provided, that, if no such British Bankers’ Association LIBOR rate is available to the Issuers, the Applicable LIBOR Rate for the relevant interest period shall instead be the rate at which Xxxxxxx, Xxxxx & Co. or one of its affiliate banks offers to place deposits in U.S. dollars with first-class banks in the London interbank market for a period of six months as of approximately 11:00 a.m. (London time) two Business Days prior to the first day of such interest period, in amounts equal to $1.0 million. If such rate is not available at such time for any reason, then the Applicable LIBOR Rate for the relevant interest period shall be equal to that for the prior interest period.

Applicable LIBOR Rate means the percentage as calculated in Section 2.4.1(b).

Applicable LIBOR Rate means, with respect to the Series 2003-1 Notes (a) for Auction Periods of 28 days or less, One-Month LIBOR; (b) for Auction Periods of more than 28 days but less than 91 days, Three-Month LIBOR; (c) for Auction Periods of more than 90 days but less than 181 days, Six-Month LIBOR; and (d) for Auction Periods of more than 180 days, One-Year LIBOR. As used in this definition and otherwise herein, the terms "One-Month LIBOR," "Three-Month LIBOR," "Six-Month LIBOR" or "One-Year LIBOR" mean the rate of interest per annum equal to the rate per annum at which United States dollar deposits having a maturity of one month, three months, six months or one year, respectively, are offered to prime banks in the London interbank market which appear on the Reuters Screen LIBOR Page as of approximately 11:00 a.m., London time, on the Interest Rate Determination Date. If at least two such quotations appear, One-Month LIBOR, Three-Month LIBOR, Six-Month LIBOR or One-Year LIBOR, respectively, will be the arithmetic mean (rounded upwards, if necessary, to the nearest one hundredth of one percent) of such offered rates. If fewer than two such quotes appear, One-Month LIBOR, Three-Month LIBOR, Six-Month LIBOR or

Applicable LIBOR Rate means the sum of (a) the LIBOR Rate PLUS (b) the LIBOR Rate Margin, as each is in effect from time to time.

Applicable LIBOR Rate means as of any Payment Date, the LIBOR Rate plus two and fifty hundredths percent (2.50%) per annum."

Applicable LIBOR Rate means the lesser of (a) the rate of interest equal to the Adjusted LIBOR Rate in effect for the subject Interest Period plus one and sixty-five one hundredths percent (1.65%) or (b) the Maximum Lawful Rate, but in no event shall the Applicable LIBOR Rate ever be less than the Floor Rate."

Applicable LIBOR Rate means the rate of interest, equal to the sum of: (a) one and seventy-five one hundredths percent (1.75%) plus (b)