LIBOR Rate definition

LIBOR Rate means a rate per annum (rounded upwards, if necessary, to the next higher 1/100th of 1%) determined by the Administrative Agent pursuant to the following formula: LIBOR Rate = LIBOR

LIBOR Rate means, for each Interest Period for each LIBOR Rate Loan, the rate per annum determined by Agent by dividing (a) the Base LIBOR Rate for such Interest Period, by (b) 100% minus the Reserve Percentage. The LIBOR Rate shall be adjusted on and as of the effective day of any change in the Reserve Percentage.

LIBOR Rate means for each LIBOR Period, a rate of interest determined by Agent equal to:

Examples of LIBOR Rate in a sentence

• Interest on the Line has been reduced by 20 basis points and is calculated using the One Month LIBOR Rate (as defined in the Credit Agreement), plus 1.65%.

• The Administrative Agent shall calculate and determine the Interest (including unpaid Interest related thereto, if any, due and payable on a prior Payment Date and the LIBOR Rate) to be paid by the Borrower on each Payment Date for the related Accrual Period and shall advise the Collateral Manager and the Borrower thereof on the third Business Day prior to such Payment Date.

• The interest period during which the LIBOR Rate will be in effect will be one month, two months, three months, six months or twelve months.

• The lesser of (i) the maximum rate of interest permitted under applicable usury laws, now or hereafter enacted (the “Maximum Rate”), or (ii) the LIBOR Rate plus the Applicable Margin as defined below.

• Such LIBOR Rate shall remain in effect until it is adjusted on the first Business Day of the following calendar month.

More Definitions of LIBOR Rate

LIBOR Rate means, for each Interest Period in respect of LIBOR Advances comprising part of the same Advances, an interest rate per annum (rounded upward, if necessary, to the nearest 0.0001%) equal to LIBOR for such Interest Period divided by one (1) minus the Reserve Requirement for such Interest Period.

LIBOR Rate means,

LIBOR Rate means, with respect to any Interest Period,

LIBOR Rate means the interest rate determined by the following formula, rounded upward to the nearest 1/100 of one percent. (All amounts in the calculation will be determined by the Bank as of the first day of the interest period.) LIBOR Rate = London Inter-Bank Offered Rate ------------------------------ (1.00 - Reserve Percentage) Where,

LIBOR Rate means, for any Interest Period, with respect to LIBOR Rate Loans, the rate of interest per annum determined pursuant to the following formula: LIBOR Rate = Offshore Base Rate

LIBOR Rate has the meaning specified in the definition of “Eurodollar Rate.”

LIBOR Rate means, with respect to a LIBOR Loan for the relevant Interest Period, the sum of (i) the quotient of (A) the LIBOR Base Rate applicable to such Interest Period, divided by (B) one minus the Reserve Requirement (expressed as a decimal) applicable to such Interest Period, plus the (ii)