LIBOR Rate Basis definition
LIBOR Rate Basis means, for any LIBOR Advance for any Interest Period therefor, the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) appearing on Reuters Screen LIBO Page as the London interbank offered rate for deposits in Dollars at approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period for a term comparable to such Interest Period; provided, however, if more than one rate is specified on Reuters Screen LIBO Page, the applicable rate shall be the arithmetic mean of all such rates.
LIBOR Rate Basis means, for any LIBOR Advance for any Interest Period therefor, the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) appearing on Telerate Page 3750 (or any successor page) as the London interbank offered rate for deposits in Dollars at approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period for a term comparable to such Interest Period. If for any reason such rate is not available, the term "LIBOR Rate Basis" shall mean, for any LIBOR Advance for any Interest Period therefor, the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) appearing on Reuters Screen LIBO Page as the London interbank offered rate for deposits in Dollars at approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period for a term comparable to such Interest Period; provided, however, if more than one rate is specified on Reuters Screen LIBO Page, the applicable rate shall be the arithmetic mean of all such rates.
LIBOR Rate Basis means, for any LIBOR Advance for any Interest Period therefor, the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) appearing on Telerate Page 3750 (or any successor page) as the London interbank offered rate for deposits in Dollars at approximately 11:00
Examples of LIBOR Rate Basis in a sentence
A simple per annum interest rate equal to the sum of (a) the quotient of (i) the LIBOR Rate Basis divided by (ii) one minus the LIBOR Reserve Percentage, stated as a decimal, plus (b) the Applicable Margin.
In the event, prior to the commencement of any Interest Period relating to any LIBOR Loan, the Administrative Agent shall determine that adequate and reasonable methods do not exist for ascertaining the LIBOR Rate Basis that would otherwise determine the rate of interest to be applicable to any LIBOR Loan during any Interest Period, the Administrative Agent shall forthwith give notice of such determination (which shall be conclusive and binding on the Borrower and the Banks) to the Borrower and the Banks.
For any day a fluctuating rate per annum equal to the sum of (a) the Applicable Margin plus (b) highest of (i) the Federal Funds Rate Basis plus 1/2 of 1%, (ii) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its “prime rate,” and (iii) the LIBOR Rate Basis plus 1.00%.
Thereafter, (x) the obligation of the Banks to make or maintain LIBOR Loans shall be suspended, (to the extent of the affected LIBOR Loans or Interest Periods), and (y) the LIBOR Rate Basis component shall no longer be utilized in determining the Alternate Base Rate.
More Definitions of LIBOR Rate Basis
LIBOR Rate Basis means the applicable LIBOR Rate charged to the Lender under the Credit Agreement.
LIBOR Rate Basis means, for any Libor Rate Interest Period, the interest rate per annum (rounded upward to the nearest 1/16th of one percent) determined by Bank at approximately 9:00 a.m., on the date which is three Business Days before the first day of such Libor Rate Interest Period to be the offered quotations that appear on the Reut▇▇'▇ ▇▇▇een LIBO page for dollar deposits in the London interbank market for a length of time approximately equal to the Libor Rate Interest Period for the Libor Rate Election sought by Borrower. If at least two such offered quotations appear on the Reut▇▇'▇ ▇▇▇een LIBO page, the Libor Rate shall be the arithmetic mean (rounded upward to the nearest 1/16th of one percent) of such offered quotations, as determined by Bank. If the Reut▇▇'▇ ▇▇▇een LIBO page is not available or has been discontinued, the Libor Rate Basis shall be the rate per annum that Bank determines to be the arithmetic mean (rounded as aforesaid) of the per annum rates of interest at which deposits in dollars in an amount approximately equal to the principal amount of, and for a length of time approximately equal to the Libor Rate Interest Period for, the Libor Rate Election sought by Borrower are offered to Bank in immediately available funds in the London interbank market at 11:00 a.m., London time, on the date which is three Business Days prior to the first day of a Libor Rate Interest Period.
LIBOR Rate Basis means, for any Interest Period, the interest rate per annum (rounded upward to the nearest 1/16th of one percent) determined by Administrative Lender at approximately 9:00 a.m., on the Business Day before the first day of such Interest Period to be the offered quotations that appear on the ▇▇▇▇▇▇'▇ Screen LIBO page for dollar deposits in the London interbank market for a length of time approximately equal to the Interest Period for the LIBOR Advance sought by Company. If at least two such offered quotations appear on the ▇▇▇▇▇▇'▇ Screen LIBO page, the LIBOR Rate shall be the arithmetic mean (rounded upward to the nearest 1/16th of one percent) of such offered quotations, as determined by Administrative Lender. If the ▇▇▇▇▇▇'▇ Screen LIBO page is not available or has been discontinued, the LIBOR Rate Basis shall be the rate per annum that Administrative Lender determines to be the arithmetic mean (rounded as aforesaid) of the per annum rates of interest at which deposits in dollars in an amount approximately equal to the principal amount of, and for a length of time approximately equal to the Interest Period for, the LIBOR Advance sought by Company are offered to Administrative Lender in immediately available funds in the London interbank market at 11:00 a.m., London time, on the date which is the Business Day prior to the first day of an Interest Period.
LIBOR Rate Basis means, for any LIBOR Advance for any Interest Period therefore, the rate per annum (rounded upwards, if necessary, to the nearest one-one hundredth (1/100th) of one percent (1%)) appearing on Telerate Page 3750 (or any successor page) as the London interbank offered rate for deposits in United States dollars at approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period. If for any reason such rate is not available, the term "LIBOR Rate" shall mean, for any LIBOR Advance for any Interest Period therefor, the rate per annum (rounded upwards, if necessary, to the nearest one-one hundredth (1/100th) of one percent (1%)) appearing on Reuters Screen LIBO page as the London interbank offered rate for deposits in United States dollars at approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period for a term comparable to such Interest Period; provided, however, if more than one rate is specified on Reuters Screen LIBO Page, the applicable rate shall be the arithmetic mean of all such rates.
LIBOR Rate Basis means, for any Interest Period, the interest rate per annum (rounded upward to the nearest 1/16th of one percent) determined by Agent at approximately 9:00 a.m., on the date which is two Business Days before the first day of such Interest Period to be the offered quotations that appear on the Reut▇▇'▇ ▇▇▇een LIBOR page for dollar deposits in the London interbank market for a length of time approximately equal to the Interest Period for the LIBOR Advance sought by Parent. If at least two such offered quotations appear on the Reut▇▇'▇ ▇▇▇een
LIBOR Rate Basis means, for any Interest Period, the interest rate per annum (rounded upward to the nearest 1/16th of one percent) determined by Administrative Agent at approximately 9:00 a.m., on the second Business Day before the first day of such Interest Period to be the offered quotations that appear on the Reuter's Screen LIBO page for dollar deposits in the London interbank market for a length of time approximately equal to the Interest Period for the LIBOR Advance sought by the Company. If at least two such offered quotations appear on the Reuter's Screen LIBO page, the LIBOR Rate shall be the arithmetic mean (rounded upward to the nearest 1/16th of one percent) of such offered quotations, as determined by Administrative Agent. If the Reuter's Screen LIBO page is not available or has been discontinued, the LIBOR Rate Basis shall be the rate per annum that Administrative Agent determines to be the arithmetic mean (rounded as aforesaid) of the per annum rates of interest at which deposits in dollars in an amount approximately equal to the principal amount of, and for a length of time approximately equal to the Interest Period for, the LIBOR Advance sought by the Company are offered to Administrative Agent in immediately available funds in the London interbank market at 11:00 a.m., London time, on the date which is the second Business Day prior to the first day of an Interest Period.
LIBOR Rate Basis means, for any Interest Period, the interest rate per annum (rounded upward to the nearest 1/16th of one percent) determined by Agent at approximately 9:00 a.m., on the date which is two Business Days before the first day of such Interest Period to be the offered quotations that appear on the ▇▇▇▇▇▇'▇ Screen LIBOR page for dollar deposits in the London interbank market for a length of time approximately equal to the Interest Period for the LIBOR Advance sought by Parent. If at least two such offered quotations appear on the ▇▇▇▇▇▇'▇ Screen LIBOR page, the LIBOR Rate shall be the arithmetic mean (rounded upward to the nearest 1/16th of one percent) of such offered quotations, as determined by Agent. If the ▇▇▇▇▇▇'▇ Screen LIBOR page is not available or has been discontinued, the LIBOR Rate Basis shall be the rate per annum that Agent determines to be the arithmetic mean (rounded as aforesaid) of the per annum rates of interest at which deposits in dollars in an amount approximately equal to the principal amount of, and for a length of time approximately equal to the Interest Period for, the LIBOR Advance sought by Parent are offered to Agent in immediately available funds in the London interbank market at 11:00 a.m., London time, on the date which is two Business Days prior to the first day of an Interest Period.