LIBOR Interest Component definition

LIBOR Interest Component means, for a Payment Date, an amount equal to the product of (i) One- Month LIBOR for such Payment Date, (ii) the aggregate Class Principal Balance of the Classes of Notes outstanding immediately preceding such Payment Date and (iii) a fraction, the numerator of which is the actual number of days in the related Note Accrual Period and the denominator of which is 360.
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LIBOR Interest Component means, for a Payment Date, an amount equal to the product of (i) One-Month LIBOR (or an alternative determined pursuant to Section 10.08) for the related Note Accrual Period, (ii) the aggregate Class Principal Balance of the Classes of Notes outstanding immediately prior to such Payment Date and (iii) a fraction, the numerator of which is the actual number of days in the related Note Accrual Period and the denominator of which is 360.
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LIBOR Interest Component means, for a Payment Date, an amount equal to the product of (i) One-Month LIBOR (or an alternative determined pursuant to Section 10.08) for the related Security Accrual Period, (ii) the aggregate Class Principal Balance of the Classes of Securities outstanding immediately prior to such Payment Date and (iii) a fraction, the numerator of which is the actual number of days in the related Security Accrual Period and the denominator of which is 360.
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More Definitions of LIBOR Interest Component

LIBOR Interest Component means, for a Payment Date, the Notes LIBOR Interest Component and/or the B-1 LIBOR Interest Component for such Payment Date, as applicable.
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LIBOR Interest Component means, for a Payment Date, an amount equal to the product of (i) One-Month LIBOR for such Payment Date, (ii) the aggregate Class Principal Balance of the Classes of Notes outstanding immediately preceding such Payment Date and (iii) a fraction,
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Related to LIBOR Interest Component

  • Interest Component means, at any time of determination for any Conduit Investor, the aggregate Yield accrued and to accrue through the end of the current Rate Period for the Portion of Investment accruing Yield calculated by reference to the CP Rate at such time (determined for such purpose using the CP Rate most recently determined by its Administrator).

  • LIBOR Interest Rate means, for each LIBOR Loan for the relevant Interest Period, the rate per annum (rounded upward, if necessary, to the nearest one-sixteenth of 1%) determined by the Agent to be equal to the quotient of (a) the London Interbank Offered Rate for such LIBOR Loan for such Interest Period divided by (b) one minus the Eurocurrency Reserve Requirement for such Interest Period.

  • LIBOR Interest Period means, with respect to a LIBOR Advance, a period of one, two, three or six months (to the extent that periods in excess of three months are generally available from the Lenders), as selected in advance by the Borrower.

  • LIBOR Interest Determination Date means the second LIBOR Business Day preceding each LIBOR Rate Reset Date.

  • LIBOR Daily Floating Rate means, for any day, a fluctuating rate of interest per annum equal to LIBOR as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by Administrative Agent from time to time), at approximately 11:00 a.m., London time, two (2) London Banking Days prior to such day, for Dollar deposits with a term of one (1) month commencing that day; provided that if the LIBOR Daily Floating Rate shall be less than zero, such rate shall be deemed zero for purposes of the Loan Documents.