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
If the Series B Notes are to bear interest at the Tax-Exempt LIBOR Index Rate or the Tax- Exempt Fixed Rate, the County shall also state in such written direction that the interest on such Series B Notes shall be excluded from gross income for federal income taxes.
If the Series B Notes are to bear interest at the Taxable LIBOR Index Rate or the Taxable Fixed Rate, the County shall also state in such written direction that the interest on such Series B Notes shall be included in gross income for federal income taxes.
The interest rate on the Series B Notes bearing interest at the Taxable LIBOR Index Rate, the Taxable Fixed Rate, the Tax-Exempt LIBOR Index Rate or the Tax-Exempt Fixed Rate shall be calculated on the basis of a year of 360 days for the actual number of days elapsed.
More Definitions of LIBOR Index
LIBOR Index means ICE’s one (1) month LIBOR for United States Dollar deposits, as such index is displayed on the LIBOR Index Page used to establish the LIBOR Index Rate.
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. 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, for each day, the rate of interest per annum for United States Dollar deposits in the London Interbank Market from Reuters Screen LIBOR01 Page or any successor thereto, which shall be that one month LIBOR rate in effect for such day. If for any reason such LIBOR Index is unavailable and/or the Purchaser is unable to determine the LIBOR Index for such day, the Purchaser may, at its discretion, select a replacement index based on the arithmetic mean of the quotations, if any, of the interbank offered rate by first class banks in London or New York for deposits with comparable maturities; provided that the Purchaser shall give prompt written notice to the Corporation setting forth such change in interest rate, the nature of the circumstances giving rise to such change, and the method of calculating such change if based on a replacement index. The Purchaser’s internal records of applicable interest rates shall be determinative in the absence of manifest error.
LIBOR Index shall have the meaning as set forth in the Revolving Credit Note.
LIBOR Index as of any LIBOR Index Reset Date means the rate per annum equal to the London Interbank Offered Rate, as published on the applicable Bloomberg screen page (or other commercially available source providing such quotations as may be designated by the Bondholder Representative or, if none, the Calculation Agent from time to time) at or about 11:00 a.m., London time, on the second Business Day prior to such date for U.S. Dollar deposits with a term of one month commencing on such LIBOR Index Reset Date. Notwithstanding the foregoing, if (a) the Bondholder Representative or, if none, the Calculation Agent determines that (i) U.S. Dollar deposits are not being offered to banks in the London interbank market for U.S. Dollar deposits for an interest period extending from one LIBOR Index Reset Date to the next LIBOR Index Reset Date, or (ii) adequate and reasonable means do not exist for determining the LIBOR Index for any such interest period, (b) the Holders of not less than a majority in aggregate principal amount of the Bonds at the time Outstanding determine that for any reason the LIBOR Index for any such interest period does not result in a rate that adequately and fairly reflects the cost to such Holders of holding the Bonds for such interest period, or (c) any Holder determines that any applicable law has made it unlawful, or that any governmental authority has asserted that it is unlawful, for the Bonds to bear interest at a function of the LIBOR Index, or to determine or charge interest rates based upon the LIBOR Index, or any governmental authority has imposed material restrictions on the authority of such Holder to purchase or sell, or to take deposits of, U.S. Dollars in the London interbank market (any event described in clause (a)(i), (a)(ii), (b) or (c) of this sentence, a “Disruption Event”), then the “LIBOR Index” shall mean 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.