HIBOR definition

HIBOR means the Hong Kong inter-bank offered rate.

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HIBOR means the Hong Kong interbank offered rate;

HIBOR means, in relation to any Loan denominated in HK dollars:

Examples of HIBOR in a sentence

• Except as otherwise provided herein, an Interest Election Request for conversion to, or continuation of, any Eurodollar Borrowing, EURIBOR Borrowing, HIBOR Borrowing, SIBOR Borrowing, Australian Bank ▇▇▇▇ Rate Borrowing or Canadian BA Rate Borrowing shall be irrevocable on and after the related Interest Rate Determination Date, and the Borrower shall be bound to effect a conversion or continuation in accordance therewith.

• Borrowings of more than one Type may be outstanding at the same time; provided that there shall not at any time be more than a total of ten Eurodollar Borrowings, EURIBOR Borrowings, HIBOR Borrowings, SIBOR Borrowings, Australian Bank ▇▇▇▇ Rate Borrowings or Canadian BA Rate Borrowings outstanding.

• Except as otherwise provided herein, a Borrowing Request for a Eurodollar Borrowing, a EURIBOR Borrowing, a HIBOR Borrowing, a SIBOR Borrowing, an Australian Bank ▇▇▇▇ Rate Borrowing or a Canadian BA Rate Borrowing shall be irrevocable on and after the related Interest Rate Determination Date, and the Borrower shall be bound to make a borrowing in accordance therewith.

• If no Interest Period is specified with respect to any requested Eurodollar Borrowing, EURIBOR Borrowing, HIBOR Borrowing, SIBOR Borrowing, Australian Bank ▇▇▇▇ Rate Borrowing or Canadian BA Rate Borrowing, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration.

• The applicable Alternate Base Rate, Adjusted LIBO Rate, Adjusted EURIBOR Rate, HIBOR, SIBOR, Australian Bank ▇▇▇▇ Rate or Canadian BA Rate shall be determined by the Administrative Agent or the applicable Issuing Bank, as the case may be, and such determination shall be conclusive absent manifest error.

More Definitions of HIBOR

HIBOR means, in relation to any Tranche B Advance:

HIBOR refers to the interbank lending rate for Hong Kong Dollars in the Hong Kong Financial Market. In accordance with the banking practice, both parties agree that the pricing benchmark rate rule under this contract shall be defined as T-2-day HIBOR, where “T” refers to the date on which the borrowing rate is determined and “T-2 “refers to the two working days preceding that date.

HIBOR means, in relation to any HIBOR Loan, the rate per annum equal to the Hong Kong Interbank Offered Rate (or a comparable or successor rate which rate is approved by the Administrative Agent), as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time) at or about 11.00 a m (Hong Kong time) on the applicable Interest Rate Determination Date with a period comparable to the applicable Interest Period; provided that in no event shall HIBOR he less than 0.00%.

HIBOR means, in relation to any Loan:

HIBOR means Hong Kong Interbank Offered Rate (HIBOR), the rate on which Hong Kong dollar-denominated instruments are traded between banks in Hong Kong. Fixing rates (ranging from 1 to 12-month) are set at 11:00 am. (Hong Kong time) based on HIBOR quotations provided by 20 banks designated by the Hong Kong Association of Banks (HKAB). By eliminating the three highest (or in the case of equality, three of the highest) and the three lowest (or in the case of equality, three of the lowest) of such HIBOR quotations, the arithmetic mean of the remaining 14 offered rates for each period (rounded up to five decimal places) shall represent the HKAB interest settlement rates.

HIBOR means the T-2 Day Hongkong Interbank Offered Rate prevailing on Hong Kong financial market.

HIBOR means, in respect of Hong Kong Dollars and for any specified period, the interest rate benchmark known as the Hong Kong inter-bank offered;