Floating LIBOR Rate definition
Floating LIBOR Rate means, on any date the same is to be determined, the rate per annum equal to LIBOR or a comparable or successor rate if LIBOR is no longer available, which rate is approved by the Administrative Agent, as published on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time), for deposits in the relevant currency with a term of one (1) month commencing that day; provided that, if the Floating LIBOR Rate shall be less than zero (0), such rate shall be deemed to be zero (0) for purposes of this Credit Agreement.
Floating LIBOR Rate means a rate per annum determined by the Administrative Agent pursuant to the following formula: Floating LIBOR Rate = Floating LIBOR Base Rate
Floating LIBOR Rate means, for any day, the fluctuating rate of interest equal to the one month rate of interest (rounded upwards, if necessary to the nearest 1/100 of 1%) appearing on Telerate Page 3750 (or any successor page) as the one month London interbank offered rate for deposits in U.S. dollars at approximately 11:00 a.m. (London time) on such day, as adjusted
Examples of Floating LIBOR Rate in a sentence
The determination of the Eurocurrency Rate and Floating LIBOR Rate by Administrative Agent shall be conclusive in the absence of manifest error.
Daily Floating LIBOR Rate Loans shall automatically continue each day as Daily Floating LIBOR Rate Loans unless and until the Company delivers a timely notice requesting a conversion of such Daily Floating LIBOR Rate Loans to another Type of Loan.
Each Swing Line Loan shall be a Base Rate Loan or a Daily Floating LIBOR Rate Loan.
Any prepayment of a Eurocurrency Rate Loan or Daily Floating LIBOR Rate Loans shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05.
Within each Loan, prepayments will be applied first to Base Rate Loans and Floating LIBOR Rate Loans, then to Fixed LIBOR Rate Loans in direct order of Interest Period maturities.
More Definitions of Floating LIBOR Rate
Floating LIBOR Rate means, for any day, a per annum interest rate which is equal to the quotient of the following:
Floating LIBOR Rate means a fluctuating rate of interest set on the first Business Day of each month equal to the one (1) month British Bankers Association LIBOR Rate for Dollar deposits as published by Reuters (or such other commercially available source providing quotations for such BBA LIBOR rate as may be designated by the Administrative Agent from time to time) on such Business Day (expressed as a decimal and rounded upward if the number shown in the last decimal place is 5 or greater) adjusted from time to time in the sole discretion of the Administrative Agent for then applicable reserve requirements, deposit insurance assessment rates and other regulatory costs.
Floating LIBOR Rate means, on any date the same is to be determined, the rate per annum equal to LIBOR, at or about 11:00 a.m., London time determined two Business Days prior to such date for U.S. Dollar deposits with a term of one month commencing that day.
Floating LIBOR Rate means a fluctuating rate of interest equal to the one month rate of interest (rounded upwards, if necessary to the nearest 1/100 of 1%) appearing on Telerate Page 3750 (or any successor page) as the one month London interbank offered rate for deposits in U.S. Dollars at approximately 11:00 a.m. (London time) on each Business Day prior to the Commitment Termination Date, as adjusted from time to time in the Administrative Agent's sole discretion for then applicable reserve requirements, deposit insurance, assessment rates and other regulatory costs. The Floating LIBOR Rate so determined shall remain in effect until the next Business Day. If for any reason such rate is not available, the term "Floating LIBOR Rate" shall mean the fluctuating rate of interest equal to the one month rate of interest (rounded upwards, if necessary to the nearest 1/100 of 1%) appearing on Reuters Screen LIBO Page as the one month London interbank offered rate for deposits in U.S. Dollars at approximately 11:00 a.m. (London time) on each Business Day of each calendar month prior to the Commitment Termination Date, as adjusted from time to time in the Administrative Agent's sole discretion for then applicable reserve requirements, deposit insurance, assessment rates and other regulatory costs; provided, however, if more than one rate is specified on Reuters Screen LIBO Page, the applicable rate shall be the arithmetic mean of all such rates. "Telerate Page 3750" means the British Bankers Association Libor Rates (determined as of 11:00 a.m. London time) that are published by Bridge Information Systems, Inc.
Floating LIBOR Rate means the fluctuating rate of interest equal to the one-month rate of interest (rounded upwards, if necessary, to the nearest 1/100 of 1%) appearing on Reuters Screen LIBO Page as the one month London interbank offered rate for deposits in Dollars at approximately 11:00 a.m. (London time) on the second preceding Business Day as adjusted from time to time in the Agent's sole discretion for then-applicable reserve requirements, deposit insurance assessment rates and other regulatory costs; provided, however, if more than one rate is specified on Reuters Screen LIBO Page, the applicable rate shall be the arithmetic mean of all such rates.
Floating LIBOR Rate means the fluctuating rate of interest equal to the one month rate of interest (rounded upwards, if necessary to the nearest 1/100 of 1%) appearing on Reuters Screen LIBO Page as the one month London interbank offered rate for deposits in U.S. Dollars at approximately 11:00 a.m. (London time) on each Business Day of each calendar month prior to the Commitment Termination Date, as adjusted from time to time in the Administrative Agent's sole discretion for then applicable reserve requirements, deposit insurance, assessment rates and other regulatory costs; provided, however, if more than one rate is specified on Reuters Screen LIBO Page, the applicable rate shall be the arithmetic mean of all such rates. "Telerate Page 3750" means the British Bankers Association Libor Rates (determined as of 11:00 a.m. London time) that are published by Bridge Information Systems, Inc.
Floating LIBOR Rate means, the rate per annum (rounded upwards, if necessary, to the nearest