LIBOR Reference Rate means a rate of interest for Swingline Loans determined by reference to the Eurodollar Rate for a one (1) month interest period that would be applicable for a Revolving Credit Loan, as that rate may fluctuate in accordance with changes in the Eurodollar Rate as determined on a day-to-day basis.
LIBOR Reference Rate means a rate determined by reference to the LIBOR Rate for a one (1) month interest period that would be applicable for a Loan at the LIBOR Rate, as such rate may fluctuate in accordance with changes in the LIBOR Rate on a daily basis. If such rate is not available at such time for any reason, then the rate for that interest period will be determined by an alternate method as reasonably selected by the Lender.
LIBOR Reference Rate means 3-month ICE-LIBOR- USD. In case a calendar day is not a Business Day, the relevant rate is the rate at the last Business Day prior to such calendar day, provided that in respect of each Accrual Period, the relevant LIBOR Reference Rate determined in respect of each of the calendar days during 5 Business Days prior to end of the relevant Accrual Period shall be fixed on the fifth Business Day prior to the end of such Accrual Period.
Examples of LIBOR Reference Rate in a sentence
Fluctuations in the level of the LIBOR Reference Rate make the Medium-Term Notes’ interest rates difficult to predict and can result in actual interest rates to investors that are lower than anticipated.
No assurance can be given that the LIBOR Reference Rate will be within the LIBOR Range on any day of any Interest Payment Period during the term of the Medium-Term Notes.
Subject to the provisions of Section 2.7, Swingline Loans shall bear interest at a per annum rate equal to the LIBOR Reference Rate plus the Applicable Margin for Revolving Loans.
The level of the LIBOR Reference Rate will depend on a number of interrelated factors, including economic, financial and political events, over which Freddie Mac has no control.
Investors should consider the risk that the LIBOR Reference Rate, determined on a daily basis, may fall outside the LIBOR Range on one or more days during the applicable Interest Payment Period, in which event no interest will accrue for the related days during the Interest Payment Period.
More Definitions of LIBOR Reference Rate
LIBOR Reference Rate means, for any day for any borrowing, an interest rate per annum equal to the rate per annum on Reuters Screen LIBOR01 Page (or on any successor or substitute page) at approximately 11:00 a.m. London time (or as soon thereafter as practicable) on such date for U.S. Dollar deposits with a maturity equal to one (1) month; provided that if such rate shall be less than zero, such rate shall be deemed to be zero. If any such page is replaced or the Reuters screen ceases to be available, the Administrative Agent may specify another page or service displaying the appropriate rate after consultation with the Borrowers and the Lenders.
LIBOR Reference Rate means a rate of interest for Swingline Loans determined by reference to the Eurodollar Rate for a one (1) month interest period that would be applicable for a Revolving Credit Loan, as that rate may fluctuate in accordance with changes in the Eurodollar Rate as determined on a day-to- day basis.
LIBOR Reference Rate means the Current One Month LIBOR US Dollar Rate as measured on March 31, 2004 or 1.09%.
LIBOR Reference Rate means, at any time during a calendar month, the rate per annum equal to the rate appearing on Reuters Screen LIBOR01 Page (or on any successor or substitute page of such screen), at approximately 11:00 a.m. (London time), on the first Business Day of that calendar month, for deposits in Dollars or Euros (for delivery on such Business Day), for (a) a term of one month and in an amount comparable to the amount of the Floating Rate Loan requested and (b) the currency requested by Borrowers in accordance with the Agreement, which determination by the Agent shall be conclusive in the absence of manifest error. If such rate is not available at such time for any reason, then “LIBOR Reference Rate” at any time during a calendar month shall be the rate per annum determined by JPMorgan based upon various factors including JPMorgan’s cost of funds and desired return, general economic conditions and other relevant factors. Notwithstanding the foregoing, the LIBOR Reference Rate applicable to Term Advances with respect to any applicable Interest Period will be deemed to be not less than 1.25% per annum.
LIBOR Reference Rate means that the rate for an interest period will be determined on the basis of the rates at which deposits in U.S. Dollars are offered by four large authorised exchange banks in the London market (the “Reference Banks”) at approximately 11.00 a.m., London time, on the day that is two Business Days preceding that Interest Payment Date to prime banks in the London interbank market for a period as defined under Bond Reference Rate months commencing on that Interest Payment Date and in a representative amount. The Bond Trustee will request the principal London office of each Reference Banks to provide a quotation of its rate. If at least two such quotations are provided, the rate for that Interest Payment Date shall be the arithmetic mean of the quotations. If fewer than two quotations are provided as requested, the rate for that Interest Payment Date will be the arithmetic mean of the rates quoted by major banks in New York City, selected by the Bond Trustee, at approximately 11.00 a.m., New York time, on that Interest Payment Date for loans in U.S. Dollars to leading European banks for a period as defined under Bond Reference Rate months commencing on that Interest Payment Date and in a representative amount.
LIBOR Reference Rate means, for any day for any borrowing, an interest rate per annum equal to the rate per annum on Reuters Screen LIBOR01 Page (or on any successor or substitute page) at approximately 11:00 a.m. London time (or as soon thereafter as practicable) on such date for U.S. Dollar deposits with a maturity equal to one (1) month.