LIBOR Index definition
LIBOR Index means the British Bankers Association's (BBA) one (1) month LIBOR Rate for United States Dollar deposits, as displayed on the LIBOR Index Page used to establish the LIBOR Index Rate.
LIBOR Index means ICE’s one (1) month LIBOR rate for United States Dollar deposits, as displayed on the LIBOR Index Page used to establish the LIBOR Index Rate.
LIBOR Index. The applicable London interbank offered rate for one-month, six-month or one year U.S. dollar deposits, as specified in the related Mortgage Note.
Examples of LIBOR Index in a sentence
One-Month LIBOR or One-Month LIBOR Index: The Interest Settlement Rate for U.S. dollar deposits of one-month maturity set by the BBA as of 11:00 a.m. (London time) on the LIBOR Determination Date.
Index: Either the One-Month LIBOR Index or the Six-Month LIBOR Index.
The “LIBOR Variable Base” for any day during a given month means the one-month LIBOR rate, as made available by the LIBOR Index Source, rounded up to the nearest .05 percent, plus the Applicable Margin.
If any of the initial Reference Banks should be removed from the Bloomberg Screen LIBOR Index Page or in any other way fail to meet the qualifications of a Reference Bank, the Depositor shall use its best efforts to designate alternate Reference Banks.
Interest rates using the LIBOR Index Source are calculated on the basis of the actual number of days elapsed for a 360 day year.
More Definitions of LIBOR Index
LIBOR Index means for any date of determination, the per annum rate of interest determined on the basis of the rate on deposits in United States dollars of amounts equal to or comparable to the Commitment, offered for a term of one month, which rate appears on the display designated as Reuters Screen LIBOR01 Page (or any successor page), determined as of approximately 11:00 a.m., London time, on each Index Reset Date for effect on the immediately succeeding Index Reset Date, or if such rate is not available, another rate determined by the Lender of which the City has received written notice. Notwithstanding anything herein to the contrary, during any period of time while the LIBOR Index, determined as provided above, would be less than zero percent (0.0%), the LIBOR Index shall be deemed to be zero percent (0.0%).
LIBOR Index means the rate equal to the offered rate (and not the bid rate) for deposits in U.S. Dollars for a period equivalent to the Interest Period, as published by the IBA two LIBOR Business Days before the beginning of the applicable Interest Period.
LIBOR Index means “USD-LIBOR-BBA” as such term is defined in the 2000 ISDA Definitions, as amended, published by the International Swaps and Derivatives Association, Inc. with a designated maturity of one (1) month.
LIBOR Index. The London Interbank Offered Rate for six month U.S. dollar deposits either as announced by the Federal National Mortgage Association and available as of the date 45 days before each Interest Adjustment Date or as published in The Wall Street Journal generally on a day of the month preceding the month of the Interest Adjustment Date.
LIBOR Index means an alternate rate that will result in interest on the Bonds that fairly reflects the costs to Holders of holding the Bonds for such interest period as reasonably determined by the Calculation Agent, until such time as the Bondholder Representative, the Calculation Agent or the Holders of not less than a majority in aggregate principal amount of the Bonds at the time Outstanding, as applicable, reasonably determine that the applicable Disruption Event no longer subsists.
LIBOR Index means the offered rate for the period equal to or next greater than the Interest Period for U.S. Dollar deposits of not less than $1,000,000.00 as of 11:00 A.M. City of London, England time two London Business Days prior to the first day of the Interest Period as shown on the display designated as "British Bankers Association Interest Settlement Rates" on Reuters Screen FRBD, or such other screen as may replace such screen on Reuters for the purpose of displaying such rate. In the event that such rate is not available on Reuters, then such offered rate shall be otherwise independently determined by Payee from an alternate, substantially similar independent source available to Payee or shall be calculated by Payee by a substantially similar methodology as that theretofore used to determine such offered rate.
LIBOR Index shall have the meaning as set forth in the Revolving Credit Note.