Dollar LIBOR definition

Dollar LIBOR has the meaning specified in the definition of “IBOR.”
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Dollar LIBOR with respect to such Dollar LIBOR Loan for such Interest Period shall be the rate (rounded upwards, if necessary, to the next 1/100 of 1%) at which Dollar deposits of $5,000,000 and for a maturity comparable to such Interest Period are offered by the principal London office of the Administrative Agent in immediately available funds in the London interbank market at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period; or
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Dollar LIBOR means LIBOR for U.S. dollars determined in accordance with the definition of Screen Rate Determination or Reference Bank Determination as applicable.
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Examples of Dollar LIBOR in a sentence

  • If any payment due from either party under this Agreement is not received on the due date, without prejudice to the receiving party’s other rights under this Agreement and at law, the receiving party shall be entitled to interest for late payment calculated on the amount due from and including the due date of payment up to and including the date when the payment is received by such party at a rate equal to one (1) month US Dollar LIBOR plus three per cent.

  • If Lessee fails to pay any amount payable under this Agreement on the due date, Lessee will pay on demand from time to time to Lessor interest (both before and after judgment) on that amount, from the due date to the date of payment in full by Lessee to Lessor, at the rate calculated by Lessor to be one month Dollar LIBOR plus 500 basis points per annum.

  • If the Company does not revoke such notice, any Dollar Loans requested in such notice shall be made, Converted or Continued as Base Rate Loans instead of Dollar LIBOR Loans.

  • If any Lender does not so consent, Dollar LIBOR Loans shall not be available for such Interest Period(s) for such Borrowing.

  • If the Borrowers fail to specify the applicable Tranche which the Borrowers are prepaying, the prepayment shall, subject to the immediately prior sentence, be applied to Base Rate Loans, then to Dollar LIBOR Loans and then to Optional Currency Loans, with payments applied to LIBOR Loans being applied in order of next maturing Interest Periods.

  • In the event that such rate does not appear on the Bloomberg Page BBAM 1 (or otherwise on the Bloomberg Page BBAM), the LIBOR component for purposes of this definition shall be determined by reference to such other comparable publicly available service for displaying the three-month U.S. Dollar LIBOR as may be selected by the Issuers.

  • The Borrower may Convert a Dollar LIBOR Loan to a Base Rate Loan or a Base Rate Loan to a Dollar LIBOR Loan upon request, subject to the terms and conditions of this Agreement.

  • Each Competitive Bid Request shall state whether a Competitive Bid is requested on the basis of a fixed interest rate (an “Absolute Rate Bid”) or on the basis of a margin above or below Adjusted Dollar LIBOR (a “LIBOR Margin Bid”).

  • For purposes of this Note, the term "Applicable Rate" means the annual interest rate equal to the sum of (i) three-month U.S. Dollar LIBOR as quoted on Bloomberg Page BBAM 1 (British Bankers Association page) ("LIBOR") plus (ii) an additional 3.00% per annum.

  • In the case of Dollar LIBOR Loans, each Lender shall promptly notify the Administrative Agent (who shall promptly notify the applicable Borrower) whether such Lender, in its sole discretion, consents to funding a Dollar LIBOR Loan for such requested Interest Period(s) for such Borrowing.


More Definitions of Dollar LIBOR

Dollar LIBOR means the Eurocurrency Base Rate applicable to Eurocurrency Loans denominated in Dollars.
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Dollar LIBOR means, for each Interest Period, the offered rate per annum for deposits of Dollars for the applicable Interest Period that appears on Telerate Page 3750 as of 11:00 A.M. (London, England time) two (2) Business Days prior to the first day in such Interest Period. If no such offered rate exists, such rate will be the rate of interest per annum, as determined by the Agent (rounded upwards, if necessary, to the nearest 1/100 of 1%) at which deposits of Dollars in immediately available funds are offered at 11:00 A.M. (London, England time) two (2) Business Days prior to the first day in such Interest Period by major financial institutions reasonably satisfactory to the Agent in the London interbank market for such Interest Period for the applicable principal amount on such date of determination.
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Dollar LIBOR means the arithmetic mean of the offered quotation of two or more reference banks selected by the Bank from among major banks in the London interbank market for Dollar deposits of amounts comparable to the Stated Amount for which an interest rate is then being determined with maturities comparable to 30 days (in each such case, rounded upward to the next whole multiple of 1/16th of 1%)), determined as of 11:00 A.M. (London time) on the second Business Day prior to the first day of such period.
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Dollar LIBOR means, for any Interest Period for all Dollar LIBOR ------------ Advances comprising part of the same Borrowing, an interest rate per annum equal to the rate per annum obtained by dividing (a) the rate of interest determined by the Administrative Agent to be the average (rounded upward to the nearest whole multiple of 1/32 of 1% per annum, if such rate is not such a multiple) of the rate per annum at which deposits in US Dollars are offered by the principal office of each of the Dollar Reference Lenders in London, England to prime banks in the London interbank market at 11:00 A.M. (London time) two Business Days before the first day of such Interest Period in an amount substantially equal to each such Dollar Reference Lender's Advance in US Dollars comprising part of such Borrowing to be outstanding during such Interest Period and for a period equal to such Interest Period by (b) a percentage equal to 100% minus the Dollar LIBOR Reserve Percentage for such Interest Period. Dollar LIBOR for any Interest Period shall be determined by the Administrative Agent on the basis of applicable rates furnished to and received by the Administrative Agent from the Dollar Reference Lenders two Business Days before the first day of such Interest Period.
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Dollar LIBOR shall have the meaning provided in the definition of “LIBOR”.
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Dollar LIBOR for any quarter, means the average of the weekly three-month U.S. dollar LIBOR reported on Moneyline Telerate page “3750” (or any successor page) each Wednesday at 11:00 am (London time) within the applicable quarter. For each Wednesday where the three-month U.S. dollar LIBOR is unavailable, the three-month U.S. dollar LIBOR reported on the next succeeding London business day will be used. If a rate for three-month U.S. dollar LIBOR cannot be determined on any determination date as described above, then the Company will request the principal London office of each of five major reference banks in the London interbank market, selected by the Company, to provide such bank’s offered quotation to prime banks in the London interbank market for deposits in U.S. dollars in an amount that is representative of a single transaction in that market at that time (a “Representative Amount”) and for a term of three months, as of 11:00 am (London time) on such date. If at least two such quotations are so provided, the three-month U.S. dollar LIBOR will be the arithmetic mean of such quotations. If fewer than two such quotations are provided, the Company will request each of three major banks in The City of New York to provide such bank’s rate to leading European banks for loans in U.S. dollars in a Representative Amount and for a term of three months, as of approximately 11:00 am (New York City time) on such date. If at least two such rates are so provided, then the three-month U.S. dollar LIBOR will be the arithmetic mean of such rates. If fewer than two such rates are provided, then the three-month U.S. dollar LIBOR will be the immediately preceding three-month U.S. dollar LIBOR published on Moneyline Telerate page “3750” (or any successor page).
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Related to Dollar LIBOR

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

  • GBP LIBOR means, in respect of a day, the rate for deposits in pounds sterling for a period of 12 months which appears on Bloomberg Page BP0012M INDEX for that day, or, if not available, ascertained from any other source as the Margin Loan Provider may deem appropriate

  • 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.

  • 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.

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