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
He literally has no “boss or supervisor.” On the other hand, the lack of an employment relationship gives rise to potential abuse.
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, 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 Reutxx'x Xxxeen 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 Reutxx'x Xxxeen 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 Reutxx'x Xxxeen 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 Xxxxxx'x 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 Xxxxxx'x 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 Xxxxxx'x 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 Reutxx'x Xxxeen 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 Reutxx'x Xxxeen
LIBOR Rate Basis. (a) for any Interest Period with respect to a LIBOR Loan, the rate per annum equal to the London Interbank Offered Rate as administered by ICE Benchmark Administration (or any other Person that takes over the administration of such rate for U.S. Dollars for a period equal in length to such Interest Period (“LIBOR”) as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time) at approximately 11:00 a.m., London time, two LIBOR Business Days prior to the commencement of such Interest Period, for Dollar deposits (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period; and
LIBOR Rate Basis. For any Interest Period with respect to a LIBOR Loan, the rate per annum equal to the London Interbank Offered Rate (“LIBOR”) or a comparable or successor rate, which rate is approved by the Administrative Agent, as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time) at approximately 11:00 a.m., London time, two LIBOR Business Days prior to the commencement of such Interest Period, for Dollar deposits (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period; provided that to the extent a comparable or successor rate is approved by the Administrative Agent in connection herewith, the approved rate shall be applied in a manner consistent with market practice; provided, further that to the extent such market practice is not administratively feasible for the Administrative Agent, such approved rate shall be applied in a manner as otherwise reasonably determined by the Administrative Agent; and provided, further, if such rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Credit Agreement.