LIBOR Reset Period definition

LIBOR Reset Period means the three-month period commencing on the twenty-eighth day (or, if any such day is not a Business Day, on the next succeeding Business Day) of each January, April, July and October and ending on the day immediately preceding the following LIBOR Reset Period; provided, however, that the initial LIBOR Reset Period will commence on the Closing Date.
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LIBOR Reset Period. (i) as to the calendar month in which the Effective Date occurs, the period commencing on the Effective Date and ending on the last calendar day of such month and (ii) as to any month thereafter, the period commencing on the first calendar day of the month immediately following the end of the prior LIBOR Reset Period, and ending on the earlier of (a) the last calendar day of the month during which the Loan was made or most recently continued and (b) the Maturity Date.
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LIBOR Reset Period means the one-month period commencing on the twenty-fifth day (or, if any such date is not a Business Day, on the next succeeding Business Day) of each month and ending on the day immediately preceding the following LIBOR Reset Period; provided, however, that the initial -------- ------- LIBOR Reset Period will commence on the Closing Date. "Telerate Page 3750" means the display page so designated on the Dow ▇▇▇▇▇ Telerate Service (or such other page as may
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Examples of LIBOR Reset Period in a sentence

  • Pursuant to the Administration Agreement, the Administrator will determine Three-Month LIBOR for purposes of calculating the Class A-1 Note Rate for each Quarterly Interest Period on the second business day prior to the commencement of each LIBOR Reset Period within such Quarterly Interest Period (or, in the case of the initial LIBOR Reset Period, on the second business day prior the Closing Date) (each, a "LIBOR Determination Date").

  • The "Subordinate Note Rate" for each Quarterly Payment Date and the related LIBOR Reset Period shall be equal to Three-Month LIBOR for the related LIBOR Reset Period plus 0.55%; provided that if the Subordinate Note Trigger is triggered on any date, the Subordinate Note Rate shall equal zero until the Subordinate Note Trigger is no longer triggered.

  • The "CLASS A-1 NOTE RATE" for each Quarterly Payment Date and the related LIBOR Reset Period shall be equal to Three-Month LIBOR for the related LIBOR Reset Period plus [ ]%.

  • The "Class ▇- ▇ Note Rate" for each Quarterly Payment Date and the related LIBOR Reset Period shall be equal to Three-Month LIBOR for the related LIBOR Reset Period plus 0.08%.

  • Pursuant to the Administration Agreement, the Administrator will determine Three-Month LIBOR for purposes of calculating the Subordinate Note Rate for each Quarterly Interest Period on the second business day prior to the commencement of each LIBOR Reset period within such Quarterly Interest Period (or, in the case of the initial LIBOR Reset Period, on the second business day prior the Closing Date) (each, a "LIBOR Determination Date").

  • The "Class ▇- ▇ Note Rate" for each Quarterly Payment Date and the related LIBOR Reset Period shall be equal to Three-Month LIBOR for the related LIBOR Reset Period plus [o]%.

  • The "Class A-1 Note Rate" for each Quarterly Payment Date and the related LIBOR Reset Period shall be equal to Three-Month LIBOR for the related LIBOR Reset Period plus [ ]%.

  • Pursuant to the Indenture, the Indenture Trustee will determine 3-Month LIBOR for purposes of calculating the Class A-1 Note LIBOR Rate for each Quarterly Interest Period on the second business day prior to the commencement of each LIBOR Reset Period within such Quarterly Interest Period (or, in the case of the initial LIBOR Reset Period, on the second business day prior the Closing Date) (each, a "LIBOR DETERMINATION DATE").

  • A rate per annum equal to the sum of (a) LIBOR for the then-current LIBOR Reset Period plus (b) 3.50%.

  • Instead, the effective interest rate under this Agreement will adjust at the beginning of each LIBOR Reset Period.


More Definitions of LIBOR Reset Period

LIBOR Reset Period means the period commencing on each Payment Date and ending on the day immediately preceding the following Payment Date; provided, however, that the initial LIBOR Reset Period for the Class A Notes and Class B Notes, as applicable, will commence on the Closing Date. "Telerate Page 3750" means the display page so designated on the Dow Jones Telerate Service (or such other page as may replace t▇▇▇ ▇age on that service for the purpose of displaying comparable rates or prices). "Reference Banks" means four major banks in the London interbank market selected by the Indenture Trustee.
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