LONDON INTERBANK OFFERED definition

LONDON INTERBANK OFFERED. RATE" applicable to any Interest Period means a rate per annum equal to the quotient obtained (rounded upward, if necessary, to the next higher 1/100 of 1%) by dividing (i) the applicable London Interbank Offered Rate by (ii) 1.00 minus the Euro-Dollar Reserve Percentage.
Sample 1Sample 2Sample 3
LONDON INTERBANK OFFERED. RATE means, for any Interest Period for a LIBOR Loan, the rate per annum (rounded upward, if necessary, to the nearest 1/16th of 1%) quoted at approximately 11:00 a.m., London time, by major banks in the London interbank eurodollar market two (2) Business Days prior to the first day of such Interest Period for the offering to leading banks in the London interbank market of Dollar deposits for a period, and in an amount, comparable to the Interest Period and principal amount of the LIBOR Loan which shall be made by Secured Party and outstanding during such Interest Period.
Sample 1

Examples of LONDON INTERBANK OFFERED in a sentence

  • CERTAIN AMOUNTS PAYABLE ON THE CLASS A1-U NOTES WILL (SUBJECT TO, AND IN ACCORDANCE WITH, THE TRANSACTION DOCUMENTS) BE CALCULATED BY REFERENCE TO THE LONDON INTERBANK OFFERED RATE ("LIBOR"); AND CERTAIN AMOUNTS PAYABLE ON THE CLASS A1-G€ NOTES WILL (SUBJECT TO, AND IN ACCORDANCE WITH, THE TRANSACTION DOCUMENTS) BE CALCULATED BY REFERENCE TO THE EURO INTERBANK OFFERED RATE ("EURIBOR").

  • A margin of 2.50 percentage points over the one month LONDON INTERBANK OFFERED RATE ("LIBOR").

  • SUMMARY OF ECONOMIC AND FINANCIAL INDICATORS 177A.1 NOMINAL AND REAL LONG-TERM U.S. TREASURY BONDYIELD AND PRIME INTEREST RATE (1966-1998) 178A.2 STATISTICS AND BESTFIT ANALYSIS RESULTS FOR THE LONG-TERM U.S. TREASURY BOND REAL YIELD AND THEPRIME REAL INTEREST RATE (1966-1998) 187A.3 NOMINAL AND REAL LONDON INTERBANK OFFERED RATE (LIBOR) (1983-1998) 192A.4 STATISTICS AND BESTFIT ANALYSIS RESULTS FOR THE LIBOR (1983-1998) 195A.5 SIMULATION ANALYSIS USED TO ARRIVE AT THE VARIABLE DISCOUNT RATE 198APPENDIX B.

  • For purposes of this Section 2(c), "LIBOR" shall mean the six month annual rate reported in the index called the "LONDON INTERBANK OFFERED RATES (LIBOR)" in The Wall Street Journal listing of "Money Rates"on the applicable Dividend Payment Date (or if The Wall Street Journal is not published on the such Dividend Payment Date, then on the last date it was published prior to such Dividend Payment Date).

  • The note defined the Index as “THE ONE- YEAR LONDON INTERBANK OFFERED RATE (“LIBOR”) .

  • For the purpose of this document, LIBOR, THE "LONDON INTERBANK OFFERED RATE", is understood to be the arithmetical average of the interest rates offered in the interbank market in London, England, by the principal Banks of that city, for three (3) month term deposits, determined at 11:00 a.m., London time, as published by REUTERS.

  • Interest shall be determined according to the LIBOR rate (LONDON INTERBANK OFFERED RATE) for the relevant currency for the selected period of drawing or renewal for sums equivalent to those advanced, calculated under the aegis of the BRITISH BANKERS ASSOCIATION and shown on TELERATE - Page 3750 or any other page substituted therefor at 11.00 a.m. (LONDON time), two business days before the drawing date or the beginning of a new interest period, increased by 0.25% per annum.

  • For instance, scholars such as Uri Gneezy and John List (2006) and Dan Arielly (2010) ask how to best incentivize adoption of environmentally friendly behaviors such as recycling, given that these often require considerable concessions on the part of their adopters.

  • The coupon rates are reset periodically according to some pre- determined financial benchmark, like LIBOR + spread, where LIBOR is the LONDON INTER-BANK OFFERED RATE.

  • A margin of 2.25 percentage points over the one month LONDON INTERBANK OFFERED RATE ("LIBOR").

Related to LONDON INTERBANK OFFERED

  • London Interbank Offered Rate has the meaning set forth in Section 2.07(b).

  • Interbank Offered Rate means, for any Eurodollar Loan 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 (rounded upwards, if necessary, to the nearest 1/100 of 1%).

  • Adjusted London Interbank Offered Rate applicable to any Interest Period means a rate per annum equal to the quotient obtained (rounded upward, if necessary, to the next higher 1/100 of 1%) by dividing (i) the applicable London Interbank Offered Rate by (ii) 1.00 minus the Euro-Dollar Reserve Percentage.

  • London Inter-Bank Offered Rate means the interest rate at which the Bank's London Branch, London, Great Britain, would offer U.S. dollar deposits for the applicable interest period to other major banks in the London inter-bank market at approximately 11:00 a.m. London time two (2) London Banking Days before the commencement of the interest period. A "London Banking Day" is a day on which the Bank's London Branch is open for business and dealing in offshore dollars.

  • Interbank Rate means, for any period, (i) in respect of Loans denominated in Dollars, the Federal Funds Rate, and (ii) in respect of Loans denominated in any other currency, the Administrative Agent’s cost of funds for such period.

  • London Banking Day means any day on which dealings in Dollar deposits are conducted by and between banks in the London interbank eurodollar market.

  • Relevant Interbank Market means in relation to euro, the European interbank market and, in relation to any other currency, the London interbank market.

  • Euro-Dollar Reference Banks means the principal London offices of Bank of America National Trust and Savings Association, Mellon Bank, N.A., and Xxxxxx Guaranty Trust Company of New York, and "Euro-Dollar Reference Bank" means any one of the foregoing.

  • Banking Day Financial Centre means the Banking Day Financial Centre as specified in § 1 of the Product and Underlying Data.

  • London Agent means X.X. Xxxxxx Europe Limited.

  • London Business Day Any day on which dealings in deposits of United States dollars are transacted in the London interbank market.

  • Reuters Screen LIBOR Page means the display on the Reuters screen LIBOR01 page or LIBOR02 page, as specified in applicable pricing supplement, on the Reuters 3000 Xtra service (or any successor service) (or any replacement page or pages on the Reuters 3000 Xtra service or any successor service on which London interbank rates of major banks for the relevant index currency are displayed).

  • CD Reference Banks means The Chase Manhattan Bank and Xxxxxx Guaranty Trust Company of New York.

  • Reference Banks means, in the case of a determination of LIBOR, the principal London office of four major banks in the London inter-bank market and, in the case of a determination of EURIBOR, the principal Euro-zone office of four major banks in the Euro-zone inter-bank market, in each case selected by the Calculation Agent or as specified hereon.

  • Reference Bank Rate means the arithmetic mean of the rates (rounded upwards to four decimal places) supplied to the Administrative Agent at its request by the Reference Banks (as the case may be) as of the applicable time on the Quotation Day for Loans in the applicable currency and the applicable Interest Period as the rate at which the relevant Reference Bank could borrow funds in the London (or other applicable) interbank market in the relevant currency and for the relevant period, were it to do so by asking for and then accepting interbank offers in reasonable market size in that currency and for that period.

  • Canadian Dollar means the lawful currency of Canada.

  • Reuters Screen LIBOR01 means the display page currently so designated on the Reuters Screen (or such other page as may replace that page on that service for the purpose of displaying comparable rates or prices).

  • Reuters Screen LIBO Page The display designated as page "LIBO" on the Reuters Monitor Money Rates Service (or such other page as may replace such LIBO page on that service for the purpose of displaying London interbank offered rates of major banks.

  • CIBOR means the Copenhagen interbank offered rate;

  • New York Banking Day means any day except a Saturday, Sunday or a legal holiday in The City of New York on which banking institutions are authorized or required by law, regulation or executive order to close.

  • Banks shall include the Agent in its individual capacity.

  • New York City Banking Day means any day on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits) in New York City;

  • Reuters Screen LIBOR01 Page means the display page currently so designated on the Reuters Monitor Money Rates (or such other page as may replace that page on that service, or such other service as may be nominated as the information vendor, for the purpose of displaying comparable rates or prices).

  • Alternative Currency Daily Rate means, for any day, with respect to any Credit Extension:

  • Telerate Page 3750 means the display designated as "Page 3750" on the Dow Xxxxx Telerate Service or such other page as may replace Page 3750 on that service or such other service or services as may be nominated by the British Bankers' Association as the information vendor for the purpose of displaying London interbank offered rates for U.S. dollar deposits;

  • Reuters Screen CDOR Page means the display designated as page CDOR on the Reuters Monitor Money Rates Service or such other page as may, from time to time, replace that page on that service for the purpose of displaying bid quotations for bankers’ acceptances accepted by leading Canadian banks.