FIBOR definition

FIBOR means, for any Interest Period, with respect to Eurocurrency Advances under the Currency Loans, the Frankfurt Inter-Bank Offer Rate for a period comparable to the Interest Period and in an amount comparable to the Currency Lender's portion of such Advances as publicly quoted as of 11:00 AM (Frankfurt, Germany time) on the day that is two Business Days prior to the first day of the Interest Period.
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FIBOR in relation to any Interest Period or other period in respect of which an interest rate is to be determined pursuant to this Agreement, means:
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FIBOR means, in relation to any Advance or unpaid sum and any specified period, the rate per annum determined by the Agent to be equal to either:
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Examples of FIBOR in a sentence

  • The interest payments on bonds may be either: (i) fixed for the entire duration; or (ii) variable and often linked to reference rates (e.g. FIBOR or LIBOR).

  • Each Subsidiary Loan shall be charged on the principal amount thereof, withdrawn and outstanding from time to time, interest, during each six-month period commencing on January 1 and July 1 ofeach calendar year, at a rate equal to (a) LIBOR plus a margin, in the case of Subsidiary Loans denominated in Dollars and (b) FIBOR plus a margin, in the case of Subsidiary Loans denominated in Deutsche Marks, all as shall be calculated by the Borrower on the basis of guidelines acceptable to the Bank.

  • Debit and credit balances of loan accounts, if any, shall bear interest at the rate specified in the relevant loan agreement, if any, or at due year FIBOR.

  • The interest payments on bonds may be either, (i) fixed for the entire duration; or (ii) variable and often linked to reference rates (e.g. FIBOR or LIBOR).

  • The rate of interest applicable during an Interest Period will be a rate per annum equal to FIBOR for that Interest Period plus the applicable Margin.

  • As from the Closing Date any such payment owed by Buyer to Behringwerke, or by Behringwerke to Buyer, as the case may be, shall bear interest at a rate of 3-month FIBOR p.a. compounded annually.

  • The application of any prepayment pursuant to subsection 2.11 or 2.12 shall be made, first, to ABR Loans to the extent available for application and, second, to LIBOR Loans, FIBOR Loans and PIBOR Loans, as applicable.

  • The rate of interest applicable during each of these periods will be a rate per annum equal to 1% plus FIBOR for that period plus the applicable Margin.