Determination of LIBOR definition

Determination of LIBOR. Determination of Prime Rate" or "Determination of Treasury Rate," depending on whether the Interest Rate Basis is the CD Rate, the CMT Rate, the Commercial Paper Rate, the Federal Funds Rate, LIBOR, the Prime Rate, the Treasury Rate or other Interest Rate Basis. An interest payment shall be the amount of interest accrued from and including the Original Issue Date, or from and including the last Interest Payment Date to which interest has been paid, to, but excluding, the next following Interest Payment Date, Maturity Date, or date of earlier redemption or repayment, as the case may be (an "Interest Period"). Notwithstanding any provision herein to the contrary, the interest rate hereon shall not be greater than the Maximum Interest Rate, if any, or less than the Minimum Interest Rate, if any, specified above. Unless otherwise specified above, if any Interest Payment Date for any Floating Rate Note, other than an Interest Payment Date at maturity, would fall on a day that is not a Business Day, such Interest Payment Date will be the following day that is a Business Day, and interest will continue to accrue to the following Business Day, except that if LIBOR is the applicable Interest Rate Basis, if such Business Day is in the next succeeding calendar month, such Interest Payment Date will be the immediately preceding day that is a Business Day. If the Maturity Date (or date of earlier redemption or repayment) of any Floating Rate Note would fall on a day that is not a Business Day, the payment of interest and principal (and premium, if any) may be made on the next succeeding Business Day, and no interest on such payment will accrue for the period from and after the Maturity Date (or the date of earlier redemption or repayment). Commencing with the first Interest Reset Date specified above following the Original Issue Date, the rate at which interest on this Note is payable shall be adjusted daily, weekly, monthly, quarterly, semi-annually or annually as specified above under "Interest Reset Dates." The interest rate borne by this Note will be determined as follows:
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Determination of LIBOR. LIBOR" means the rate determined by the Calculation Agent in accordance with the following provisions:
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Determination of LIBOR. LIBOR" means, with respect to any Interest Rate Determination Date (a "LIBOR Interest Determination Date"), the rate determined by the Calculation Agent in accordance with the following provisions:
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Examples of Determination of LIBOR in a sentence

  • Section 4.04 Certain Matters Relating to the Determination of LIBOR....

  • Section 4.04 Certain Matters Relating to the Determination of LIBOR......

  • Section 4.04 Certain Matters Relating to the Determination of LIBOR.....

  • Section 4.04 Certain Matters Relating to the Determination of LIBOR............

  • SECTION 3.1 Payment of Principal and Interest; Determination of LIBOR.

  • Section 4.04 Certain Matters Relating to the Determination of LIBOR..........

  • Subject to all the terms and conditions set forth in this Agreement, Pilot hereby grants PCC a worldwide, exclusive, non-transferable, royalty-bearing, revocable (in accordance with the terms and conditions of this Agreement) license to design, make, manufacture, have manufactured, sell, offer to sell and use BookEndz under the Patent, Product Designs, Proprietary Technology and Derivative Works.

  • Section 4.04 Certain Matters Relating to the Determination of LIBOR.........

  • Section 4.04 Certain Matters Relating to the Determination of LIBOR.......................................................

  • Section 4.04 Certain Matters Relating to the Determination of LIBOR........


More Definitions of Determination of LIBOR

Determination of LIBOR. Determination of CD Rate," or "Determination of Federal Funds Effective Rate, shall be the second Market Day preceding such Interest Reset Date. The Interest Determination Date pertaining to an Interest Reset Date, if the rate of interest on this Note is determined in accordance with the provisions of the heading "Determination of Treasury Rate," shall be the day of the week in which such Interest Reset Date falls on which Treasury bills would normally be auctioned. If as the result of a legal holiday an auction is held on a Friday, such Friday shall be the Interest Determination Date pertaining to the Interest Reset Date occurring in the next succeeding week. If an auction date falls on any Interest Reset Date, then such Interest Reset Date shall instead be the first Market Day immediately following such auction date. All percentages resulting from any calculations referred to in this Note will be rounded upwards, if necessary, to the next higher one hundred-thousandth of a percentage point (e.g., 9.876541% (or .09876541) being rounded to 9.87655% (or .0987655)), and all dollar amounts used in or resulting from such calculations will be rounded to the nearest cent (with one half cent being rounded upwards). Unless otherwise indicated on the face hereof, the "Calculation Date" means the date by which the Calculation Agent is to calculate the interest rate for this Note which shall be the earlier of (i) the tenth calendar day after the related Interest Determination Date, or if any such day is not a Market Day, the next succeeding Market Day and (ii) the Market Day preceding the applicable Interest Payment Date or maturity, as the case may be.
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Determination of LIBOR. Market Day" means any such Business Day on which dealings in deposits in U.S. dollars are transacted in the London interbank market.
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Determination of LIBOR. The provisions set forth in the Prospectus Supplement in subparagraphs (a) and (b) of the first paragraph under the caption “Description of the Notes—Interest—LIBOR Notes” (which subparagraphs appear on pages S-18 and S-19 of the * This term has the meaning set forth in the Prospectus Supplement. Prospectus Supplement) shall be amended and restated, solely insofar as they apply to the Floating Rate Notes, in their entirety as follows:
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Related to Determination of LIBOR

  • USD LIBOR means the London interbank offered rate for U.S. dollars.

  • 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.

  • Determination of parentage means the establishment of the parent-child relationship by the signing of a valid acknowledgment of paternity under [Article] 3 or adjudication by the court.

  • Base LIBOR Rate means the rate per annum, determined by Agent in accordance with its customary procedures, and utilizing such electronic or other quotation sources as it considers appropriate (rounded upwards, if necessary, to the next 1/16%), on the basis of the rates at which Dollar deposits are offered to major banks in the London interbank market on or about 11:00 a.m. (California time) 2 Business Days prior to the commencement of the applicable Interest Period, for a term and in amounts comparable to the Interest Period and amount of the LIBOR Rate Loan requested by Administrative Borrower in accordance with this Agreement, which determination shall be conclusive in the absence of manifest error.

  • LIBOR Determination Date With respect to any Interest Accrual Period for the LIBOR Certificates, the second London Business Day preceding the commencement of such Interest Accrual Period.

  • LIBOR Quoted Rate means, for any day, the rate per annum equal to the quotient of (i) the rate per annum (rounded upwards, if necessary, to the next higher one hundred-thousandth of a percentage point) for deposits in U.S. Dollars for a one-month interest period which appears on the LIBOR01 Page as of 11:00 a.m. (London, England time) on such day (or, if such day is not a Business Day, on the immediately preceding Business Day) divided by (ii) one (1) minus the Eurodollar Reserve Percentage.

  • Daily LIBOR Rate means, for any day, the rate per annum determined by the Agent by dividing (x) the Published Rate by (y) a number equal to 1.00 minus the Reserve Percentage.

  • Daily Adjusting LIBOR Rate means, for any day, a per annum interest rate which is equal to the quotient of the following:

  • USD-LIBOR-BBA As defined in the Swap Agreement in the Annex to the 2000 ISDA Definitions.

  • 3-Month LIBOR has the meaning set forth in Section 2.10.

  • Index Rate means, for any day, a floating rate equal to the higher of (i) the rate publicly quoted from time to time by The Wall Street Journal as the "base rate on corporate loans posted by at least 75% of the nation's 30 largest banks" (or, if The Wall Street Journal ceases quoting a base rate of the type described, the highest per annum rate of interest published by the Federal Reserve Board in Federal Reserve statistical release H.15 (519) entitled "Selected Interest Rates" as the Bank prime loan rate or its equivalent), and (ii) the Federal Funds Rate plus 50 basis points per annum. Each change in any interest rate provided for in the Agreement based upon the Index Rate shall take effect at the time of such change in the Index Rate.

  • Eurodollar Rate with respect to each day during each Interest Period pertaining to a Eurodollar Loan, a rate per annum determined for such day in accordance with the following formula (rounded upward to the nearest 1/100th of 1%):

  • Quoted Rate means, with respect to any Quoted Rate Swingline Loan, the fixed percentage rate per annum offered by the Swingline Lender and accepted by the Borrower with respect to such Swingline Loan as provided in accordance with the provisions of Section 2.

  • Eurodollar Base Rate has the meaning specified in the definition of Eurodollar Rate.

  • Adjusted LIBOR Rate means, at any time with respect to any LIBOR Loan, a rate per annum equal to the LIBOR Rate as in effect at such time plus the Applicable Margin Percentage for LIBOR Loans as in effect at such time.

  • Six-Month LIBOR The average of interbank offered rates for six-month U.S. dollar deposits in the London market based on quotations of major banks.

  • Base Rate Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.

  • TIA Applicability Determination As defined in Section 12.12.

  • Applicable LIBOR Rate Margin means the following per annum percentages, applicable in the following situations:

  • EURIBOR Rate has the meaning specified in the definition of “Eurocurrency Rate”.

  • LIBOR Index Rate means, for any Interest Period, the rate per annum (rounded upwards, if necessary, to the next higher one hundred-thousandth of a percentage point) for deposits in U.S. Dollars for a period equal to such Interest Period, which appears on the LIBOR01 Page as of 11:00 a.m. (London, England time) on the day two (2) Business Days before the commencement of such Interest Period.

  • ICE LIBOR has the meaning assigned to such term in the definition of “LIBO Rate”.

  • Base LIBOR means the rate per annum for United States dollar deposits quoted by Bank as the Inter-Bank Market Offered Rate, with the understanding that such rate is quoted by Bank for the purpose of calculating effective rates of interest for loans making reference thereto, on the first day of a Fixed Rate Term for delivery of funds on said date for a period of time approximately equal to the number of days in such Fixed Rate Term and in an amount approximately equal to the principal amount to which such Fixed Rate Term applies. Borrower understands and agrees that Bank may base its quotation of the Inter-Bank Market Offered Rate upon such offers or other market indicators of the Inter-Bank Market as Bank in its discretion deems appropriate including, but not limited to, the rate offered for U.S. dollar deposits on the London Inter-Bank Market.

  • Interest Rate Determination Date means, with respect to any Interest Period, the date that is two Business Days prior to the first day of such Interest Period.

  • LIBOR has the meaning specified in the definition of Eurodollar Rate.

  • Reference Rate Determination Date means, in relation to any Reference Rate Business Day(i):