KIBOR definition

KIBOR. The average “ask side” Karachi Inter-Bank Offer Rate for Rupee deposits for a period equal to three (3) months which appears on the appropriate page of the Reuters service at or about 11:30 a.m. in Karachi on the last available Business Day, or in the event that the ▇▇▇▇▇▇’▇ service, or any successor thereto, no longer provides such information, such other service as agreed to by the Parties that provides the average “ask side” Karachi Inter-Bank Offer Rate for Rupee deposits in the Karachi inter-bank market.

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KIBOR means Karachi Inter Bank Offer Rate;

KIBOR. The meaning ascribed thereto in the Energy Purchase Agreement.

Examples of KIBOR in a sentence

• If payment of any invoice rendered by PLL to the Customer is not made by the due date, a late payment surcharge shall be applicable on any outstanding amount at one-month KIBOR plus two percent (2%) per annum, calculated for the actual number of Days which the relevant amount remains unpaid on the basis of a three hundred sixty-five (365) Day year (the “Delayed Payment Rate”).

• The relevant yield curve must be used to ▇▇▇▇ -to-market the position i.e. a FRA booked against KIBOR must be revalued against the KIBOR revaluation rates.

• In the event that the KIBOR is no longer available for any reason whatsoever, the Lessor may alter the Bench ▇▇▇▇ by substituting another suitable mechanism / reference for the purpose of calculating the rentals.

• Provided that, the Authority shall be entitled to deduct from the Termination Payment any amount due and recoverable by the Authority from the Concessionaire as on the Termination Date and the Authority shall have an option to pay this Termination Payment within a maximum period of four (4) years in eight (8) bi-annual instalments subject to imposition of additional interest at KIBOR + three percent (3%) on account of delay in payment of due amount.

• The base rate is defined as six-months KIBOR prevailing 5 days before the start of the quarterly period of the lease for which the rental is being computed.

More Definitions of KIBOR

KIBOR means the Karachi Inter Bank Offered Rate. “KPC” means Kandra Power Company Limited.

KIBOR means the average of the 6/12 months’ Karachi Interbank Offered Rate published on Reuters page KIBOR on the Rental Review Date.

KIBOR means the Karachi Interbank Offered Rate for deposits in Pakistani Rupees.

KIBOR. The meaning ascribed thereto in the Power Purchase Agreement.

KIBOR means One (1) Year Karachi Inter Bank Offer Rate which is the Average rate, Ask Side, for the relevant tenor, as published on Reuters page KIBOR or as published by the Financial Markets Association of Pakistan in case the Reuters page is unavailable.

KIBOR means the Karachi Inter Bank Offered Rate (1 year -Offer side) for the relevant tenor. Property Insurance We believe that your hard earned asset needs a quality cover. Our free insurance policy covers you from all the damages & disasters that your home may be vulnerable to.

KIBOR for any period and any amount means the rate per annum which is the arithmetic mean (rounded upwards, if not already such a multiple, to the nearest whole multiple of one-sixteenth of one per cent.) of the rates (as notified to the Working Capital Facility Agent) at which each of the Reference Banks was offering to prime banks in the Kuwait Interbank Market deposits in dinars for such period, in each case at or about 10.00 am (Kuwait time) on the Quotation Date for such period;