Designated LIBOR Currency definition
Examples of Designated LIBOR Currency in a sentence
As used herein, "London Business Day" means a day on which commercial banks are open for business, including dealings in the Designated LIBOR Currency (as defined in the Prospectus) in London.
In the case of a Fixed Rate Book-Entry Note, the interest rate or, in the case of a Floating Rate Book-Entry Note, the Base Rate, initial interest rate (if known at such time), Index Maturity, Interest Reset Period, Interest Reset Dates, Spread or Spread Multiplier (if any), minimum interest rate (if any), maximum interest rate (if any) and, in the case of a Floating Rate Book-Entry Note for which the Base Rate is LIBOR, the Designated LIBOR Page and Designated LIBOR Currency.
Issue monthly, quarterly or annual statements as agreed upon with the Fund.
The term "Designated LIBOR Currency" shall mean the currency or composite currency specified in the applicable Note Terms Certificate as to which LIBOR shall be calculated or, if no such currency or composite currency is specified in the applicable Note Terms Certificate, United States dollars.