Examples of LIBOR Reserve Requirement in a sentence
Each determination by Bank of a LIBOR Rate or of the LIBOR Reserve Requirement used in determining same shall be conclusive and binding, absent manifest error.
Any change in the interest rate on a Loan resulting from a change in the Prime Rate or the LIBOR Reserve Requirement shall become effective as of the opening of business on the day on which such change becomes effective.
Any change in the interest rate resulting from a change in the Base Rate or the LIBOR Reserve Requirement shall become effective as of the opening of business on the day on which such change in the Base Rate or the LIBOR Reserve Requirement becomes effective.
The Index shall be adjusted automatically on and as of the effective date of any change in the LIBOR Reserve Requirement.
Without limiting the effect of the foregoing, the LIBOR Reserve Requirement shall reflect any other reserves required to be maintained by such member banks with respect to (i) any category of liabilities which includes deposits by reference to which LIBOR is to be determined, or (ii) any category of extensions of credit or other assets which include LIBOR loans.