LIBOR Quote definition
LIBOR Quote means, with respect to any time at which the LIBOR-Based Rate is to be determined, the rate of interest determined by the Lender at such time by reference to the ▇▇▇▇▇▇-▇▇▇▇▇▇ MoneyCenter reporting service or other comparable financial information reporting service at the time employed by the Lender, as the Lender's best estimate of the cost of funds available to the Lender from the purchase on the London interbank market of funds in the form of time deposits in Dollars in the approximate amount of the Segment that is to bear interest at the LIBOR-Based Rate, having a maturity comparable to the LIBOR-Based Rate Period during which the LIBOR-Based Rate is to be in effect, it being expressly understood that (1) the Lender may not actually purchase any such time deposits and obtain such funds and (2) the LIBOR Quote will be an estimate, and for a variety of reasons, including changing market conditions, the actual cost of funds to the Lender (if the Lender elects to purchase funds in the form of time deposits on such date) might vary from the LIBOR Quote.
LIBOR Quote means, with respect to any time at which the LIBOR-Based Rate is to be determined, the rate of interest determined by the Lender at such time, based upon such factors (including the LIBOR Reserve Requirement) as the Lender deems relevant, as the Lender's best estimate of the cost of funds available to the Lender from the purchase on the London interbank market of funds in the form of time deposits in Dollars in the approximate amount of the Segment that is to bear interest at the LIBOR-Based Rate, having a maturity comparable to the LIBOR-Based Rate Period during which the LIBOR-Based Rate is to be in effect, it being expressly understood that (a) the Lender may not actually purchase any such time deposits and obtain such funds and (b) the LIBOR Quote will be an estimate, and for a variety of reasons, including changing market conditions, the actual cost of funds to the Lender (if the Lender elects to purchase funds in the form of time deposits on such date) might vary from the LIBOR Quote.
LIBOR Quote means, with respect to any time at which the LIBOR- Based Rate is to be determined, the rate of interest determined by the Lender by reference to the ▇▇▇▇▇▇-▇▇▇▇▇▇ Money Center reporting service or other comparable financial information reporting service at the time employed by the Lender as of 10:00 a.m. (Birmingham, Alabama time) two (2) Business Days prior to the commencement of the Interest Period, of the cost of funds available to the Lender from the purchase on the London interbank market of funds in the form of time deposits in Dollars in the approximate amount of the Segment that is to bear interest at the LIBOR-Based Rate, having a maturity comparable to the Interest Period during which the LIBOR-Based Rate is to be in effect, it being expressly understood that (1) the Lender may not actually purchase any such time deposits and obtain such funds and (2) the LIBOR Quote will be an estimate, and for a variety of reasons, including changing market conditions, the actual cost of funds to the Lender (if the Lender elects to purchase funds in the form of time deposits on such date) might vary from the LIBOR Quote.
Examples of LIBOR Quote in a sentence
The Lender shall not be required to provide a LIBOR-Based Rate on any day on which a LIBOR Quote is not available.
The Agent shall not be required to provide a LIBOR-Based Rate on any day on which a LIBOR Quote is not available.
More Definitions of LIBOR Quote
LIBOR Quote means, with respect to any time at which the LIBOR-Based Rate is to be determined, the rate of interest determined by the Lender by reference to the Knig▇▇-▇▇▇▇▇▇ ▇▇▇ey Center reporting service or other comparable financial information reporting service at the time employed by the Lender as of 10:00 a.m. (Birmingham, Alabama time) two (2) Business Days prior to the commencement of the Interest Period, in the approximate amount of the Segment that is to bear interest at the LIBOR-Based Rate, having a maturity comparable to the Interest Period during which the LIBOR-Based Rate is to be in effect.