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

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

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

• Amounts disbursed under the TIF Note commencing on the date hereof shall bear interest at a rate per annum equal to the LIBOR Rate, as it is adjusted as set forth below, plus 2.95%, provided that the interest rate for amounts borrowed shall never be less than 4.75% or be more than the maximum rate permitted by law.

• The interest rate payable under this Note is subject to change from time to time based on changes in the LIBOR Rate, adjusted and determined by Lender without notice to Borrower, as of the date of the this Note and on the fifteenth (15) day of each calendar month thereafter (each an “Interest Rate Change Date”).

• The LIBOR Rate shall be rounded upward to the fourth decimal place.

• The interest rate payable under the TIF Note is subject to change from time to time based on changes in the LIBOR Rate, adjusted and determined by Lender without notice to Borrower, as of the date of the TIF Note and on the fifteenth (15) day of each calendar month thereafter (each an “Interest Rate Change Date”).

• Subject to adjustment as set forth herein, each Note shall bear interest at a rate per annum equal to the lesser of (i) the applicable Maximum Interest Rate and (ii) the LIBOR Rate.

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 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 means a rate per annum determined by the Administrative Agent pursuant to the following formula:

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

LIBOR Rate means, with respect to any Interest Period,