LIBO Business Day definition

LIBO Business Day means a day of the year on which dealings in U.S. Dollar deposits are carried on the London interbank market.
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LIBO Business Day means a day, other than a Saturday or Sunday, on which banks are not required or authorized to close in New York or London and on which dealings are carried on in the London interbank market.
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LIBO Business Day means a day of the year on which dealings are carried on in the London interbank market and banks are open for business in London and not required or authorized to close in New York City.
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Examples of LIBO Business Day in a sentence

  • The terms "Floating Base Rate", "LIBO Rate", "LIBO Business Day" and "LIBO Interest Period" are defined in the Note referred to below.

  • Not later than 4:00 p.m. (Minneapolis time) on the second LIBO Business Day prior to the date on which such Eurodollar Rate is to become effective, the Agent will notify the Banks and the Borrowers of the interest rate to be applicable thereto.

  • Subject to the notice requirement set forth in Section 5.01(c), the Guarantor may elect to convert the reference for the Applicable Rate from the Base Rate to the LIBO Rate on any LIBO Business Day.

  • The Guarantor shall select whether the Applicable Rate will be determined by reference to a LIBO Rate or the Base Rate by giving notice of that determination to the Agent not later than (i) in the case of the Base Rate, 10:30 a.m. (New York City time) on the first day of the applicable Base Rate Period, and (ii) in the case of the LIBO Rate on the third (3 rd ) LIBO Business Day before the first day of the applicable LIBO Rate Period.


More Definitions of LIBO Business Day

LIBO Business Day means a day of the year on which dealings are carried on in the London interbank market and banks are open for business in London and not required or authorized to close in New York City. "LIBO Rate" for the period commencing on the date hereof to the first Adjustment Date and for each period commencing on any Adjustment Date to and until the next succeeding Adjustment Date (each, a "LIBO Period") means an interest rate per annum equal to the average (rounded, if necessary, to the next highest 1/16 of 1%) of the rates of interest per annum at which deposits in United States dollars are offered to prime banks in the London interbank market at 11:00 a.m. (London time) two LIBO Business Days before the first day of such LIBO Period (the "Interest Setting Date") for a period equal to such LIBO Period.
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LIBO Business Day means, with respect to any Daily LIBO Rate Advance, a day which is both a day on which Huntington is open for business and a day on which dealings in U.S. dollar deposits are carried out in the London interbank market. Subject to any maximum or minimum interest rate limitation specified herein or by applicable law, the rate of interest on every Daily LIBO Rate Advance obtained hereunder shall change automatically without notice to the undersigned immediately with each change in the Daily LIBO Rate.
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LIBO Business Day means a day of the year on which dealings are carried on in the London interbank market and banks are open for business in London and are not required or authorized to close in New York City. "Eurodollar Reserve Percentage" for any Fixed Period means the reserve percentage applicable to Citibank during such Fixed Period under regulations issued from time to time by the Board of Governors of the Federal Reserve System (or any successor) (or if more than one such percentage shall be so applicable, the daily average of such percentages for those days in such Fixed Period during which any such percentage shall be so applicable) under regulations issued from time to time by the Board of Governors of the Federal Reserve System (or any successor) for determining the maximum reserve requirement (including, without limitation, any emergency, supplemental or other marginal reserve requirement) for Citibank in respect of liabilities or assets consisting of or including "Eurocurrency liabilities" (as that term is used in Regulation D of the Board of Governors of the Federal Reserve System as in effect from time to time) having a term equal to such Fixed Period.
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LIBO Business Day means a day which is both a day on which the Bank is open for business and a day on which dealings in U.S. dollar deposits are carried out in the London interbank market.
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LIBO Business Day means a day of the year on which dealings in U.S.
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LIBO Business Day is defined in Section 2.2.
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Related to LIBO Business Day

  • Euro Business Day means any day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET) System, or any successor system, is open for business.

  • Index Business Day means, in respect of an Index, any day on which the Index Sponsor in respect of such Index is scheduled to publish the level of the Index.

  • Eurodollar Business Day means any Business Day on which dealings are also carried on in the London interbank market and banks are open for business in London.

  • LIBOR Business Day Any day on which banks in London, England and The City of New York are open and conducting transactions in foreign currency and exchange.

  • CSD Business Day means a day on which the Book-Entry Securities System is open in accordance with the regulations of the CSD.

  • FX Business Day is any day when (a) Bank’s Foreign Exchange Department is conducting its normal business and (b) the Foreign Currency being purchased or sold by Borrower is available to Bank from the entity from which Bank shall buy or sell such Foreign Currency.

  • TARGET2 Business Day means, a day in which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System or any successor is open.

  • London Business Day Any day on which dealings in deposits of United States dollars are transacted in the London interbank market.

  • SOFR Business Day means any day except for (i) a Saturday, (ii) a Sunday or (iii) a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government securities.

  • RFR Business Day means as applicable, for any Obligations, interest, fees, commissions or other amounts denominated in, or calculated with respect to (i) Sterling, a day on which banks are open for general business in London and (ii) Euro, a TARGET Day.

  • PRC Business Day means a day other than a Saturday, Sunday or a day on which banking institutions in the PRC are authorized or obligated by law, regulation or executive order to remain closed.

  • Currency Business Day means a day on which commercial banks and foreign exchange markets are open for general business (including dealings in foreign exchange and foreign currency deposits) in the principal financial centre of the Relevant Currency or, in the case of euros, a city in which banks in general have access to the TARGET2 System.

  • Relevant Business Day means a day on which the Trans-European Automated Real-time Gross Settlement Express Transfer payment system which utilises a single shared platform and which was launched on 19 November 2007 (TARGET2) is open for the settlement of payments in EUR.

  • non-business day means Saturday, Sunday and any other day that is a holiday as defined in the Interpretation Act (Canada);

  • Canadian Business Day means a day of the year on which banks are not required or authorized by law to close in Toronto, Ontario or in Mxxxxxxx, Xxxxxx, Xxxxxx or New York, New York.

  • Eurodollar Banking Day means any Banking Day on which dealings in Dollar deposits are conducted by and among banks in the Designated Eurodollar Market.

  • Euro-Dollar Business Day means any Domestic Business Day on which commercial banks are open for international business (including dealings in dollar deposits) in London.

  • Domestic Business Day means any day except a Saturday, Sunday or other day on which commercial banks in New York City are authorized by law to close.

  • Business Day means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day on which banking institutions in the State of New York are authorized or required by law or other governmental action to close.

  • Bank Business Day means a day on which the Bank conducts business activities as per its effective opening hours, so when the Bank is open for the purpose of executing payment transactions.

  • LIBO Loan means any Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Grace Period Business Day means a day on which commercial banks and foreign exchange markets are generally open to settle payments in the place or places and on the days specified for that purpose in the relevant Obligation and if a place or places are not so specified, in the jurisdiction of the Obligation Currency.

  • Determination Business Day means a day (other than a Saturday or Sunday) on which commercial banks are open for general business (including dealings in foreign exchange) in Hong Kong, London and New York City;

  • New York Business Day means each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in New York City are generally authorized or obligated by law or executive order to close.

  • Valuation Business Day means, with respect to each Reference Currency, any day, other than a Saturday or Sunday, that is neither a legal holiday nor a day on which commercial banks are authorized or required by law, regulation or executive order to close (including for dealings in foreign exchange in accordance with the practice of the foreign exchange market) in the city or jurisdiction indicated in the table below:

  • RMB Rate Calculation Business Day means a day (other than a Saturday or Sunday) on which commercial banks are open for general business (including dealings in foreign exchange) in Hong Kong and in New York City.