NIBOR Rate definition

NIBOR Rate means, in relation to any Loan in Norwegian Kroner for any day, a rate per annum equal to the Norwegian Interbank Offered Rate or, if such rate is not available, a comparable or successor rate, which rate is reasonably selected 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 or about 12:00 p.m. (London time) for an amount comparable to the amount of that Loan on such day for overnight deposits and, if any such applicable rate is below zero, the NIBOR Rate for such day will be deemed to be zero; provided, that, after the date hereof and to the extent a comparable or successor rate is reasonably selected by the Administrative Agent (as contemplated above), such selected 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 selected rate shall be applied in a manner as otherwise reasonably determined by the Administrative Agent.
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NIBOR Rate means, with respect to any Interest Period, in the case of any Eurocurrency Borrowing denominated in NOK, a rate per annum equal to the Norwegian Interbank Offered Rate administered by Norske Finansielle Referanser (or any other person that takes over administration of that rate) for deposits in NOK with a term equivalent to such Interest Period as displayed on such screen that displays such rate, or on the appropriate page of such other information service that publishes such rate as shall be selected by the Administrative Agent from time to time in its reasonable discretion (the “NIBOR Screen Rate”) as of 11:00 a.m. London time two Business Days prior to the commencement of such Interest Period. If the NIBOR Rate shall be less than zero, the NIBOR Rate shall be deemed to be zero for purposes of this agreement.
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NIBOR Rate means the offered quotation in the New York interbank market to Deutsche Bank AG, New York Branch for Dollar deposits of amounts in immediately available funds comparable to the outstanding principal amount of the NIBOR Loan with respect to which such determination is being made with maturities comparable to the Interest Period applicable to such NIBOR Loan commencing on the Business Day which is the commencement of such Interest Period rounded off to the nearest 1/16 of 1%.
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Examples of NIBOR Rate in a sentence

  • NIBOR Loans made under the Deutsche Bank Agreement, if any, will bear interest daily at a rate equal to the sum of the NIBOR Rate plus 35% of 1%.

  • For PIIB categories 1 to 4, the boxes in table 1.3.6 (the PIIB categorisation table) that are in bold indicate the regulated activities that decide whether an authorised firm falls into the relevant PIIB category.ExampleAn authorised firm that has an authorisation for deposit taking or providing credit facilities falls into PIIB category 1 (unless it falls into PIIB category 5), whether or not it also has an authorisation for another regulated activity eg dealing in investments as principal.


More Definitions of NIBOR Rate

NIBOR Rate means, in relation to any Loan in Norwegian Kroner, the rate per annum equal to the Norwegian Interbank Offered Rate, as published on the applicable Reuters screen page (or if not available, such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time) on the Rate Determination Date with a term equivalent to one month and, if any such applicable rate is below zero, the NIBOR Rate for such day will be deemed to be zero.
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NIBOR Rate means, in relation to any Loan in Norwegian Kroner for any day, a rate per annum equal to the Norwegian Interbank Offered Rate or, if such rate is not available, a comparable or successor rate, which rate is reasonably selected 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 or about 12:00 p.m. (London time) for an amount comparable to the amount of that Loan on such day for overnight deposits and, if any such applicable rate is below zero, the NIBOR Rate for such day will be deemed to be zero; provided, that, after the date hereof and to the extent a comparable or successor rate is reasonably selected by the Administrative Agent (as contemplated above), such selected 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 selected rate shall be applied in a manner as otherwise reasonably determined by the Administrative Agent
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NIBOR Rate means, with respect to any Accrual Period, the greater of (a) 0.0% and (b) the applicable Norwegian Krone Screen Rate as shown on the Reuters Screen (or any applicable successor thereto) for a period equal to such Accrual Period as of 11:00 a.m., Norway time, two (2) Business Days prior to the first day of such Accrual Period; provided that, in the event no such rate is shown, the NIBOR Rate shall be a comparable or successor rate, with the consent of the Servicer, as published on the Reuters Screen page (or applicable successor thereto) as of 11:00 a.m. (Norway time) two (2) Business Days prior to the first day of such Accrual Period.
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NIBOR Rate means, in relation to any Loan in Norwegian Kroner, a rate per annum equal to the Norwegian Interbank Offered Rate, as published on the applicable Reuters screen page (or if not available, such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time) two Business Days prior to first date of advance of such Loan and for an amount comparable to the amount of that Loan with a term equivalent to one month and, if any such applicable rate is below zero, the NIBOR Rate for such day will be deemed to be zero.
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NIBOR Rate means for an Interest Period of any Loan or overdue amount denominated in Norwegian Krone:
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Related to NIBOR Rate

  • EURIBOR Rate has the meaning assigned thereto in the definition of “Eurocurrency Rate”.

  • LIBOR Rate means a rate per annum (rounded upwards, if necessary, to the next higher 1/100th of 1%) determined by the Administrative Agent pursuant to the following formula: LIBOR Rate = LIBOR

  • LIBO Rate means, with respect to any Eurodollar Borrowing for any Interest Period, the LIBO Screen Rate at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period; provided that if the LIBO Screen Rate shall not be available at such time for such Interest Period (an “Impacted Interest Period”) then the LIBO Rate shall be the Interpolated Rate.

  • CDOR Rate means, the rate per annum, equal to the average of the annual yield rates applicable to Canadian Dollar banker’s acceptances at or about 10:00a.m. (Toronto, Ontario time) on the first day of such Interest Period (or if such day is not a Business Day, then on the immediately preceding Business Day) as reported on the “CDOR Page” (or any display substituted therefor) of Reuters Monitor Money Rates Service (or such other page or commercially available source displaying Canadian interbank bid rates for Canadian Dollar bankers’ acceptances as may be designated by the Administrative Agent from time to time) for a term equivalent to such Interest Period (or if such Interest Period is not equal to a number of months, for a term equivalent to the number of months closest to such Interest Period).

  • Base Rate means, for any period, a fluctuating interest rate per annum as shall be in effect from time to time which rate per annum shall at all times be equal to the highest of:

  • SOFR Rate means the rate that will be calculated by the Calculation Agent for each Accrual Period on the SOFR Adjustment Date as of the SOFR Determination Time (or, if the Benchmark is not SOFR, the Reference Time) and, except as provided below following a determination by the Administrator that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, shall mean, with respect to the Class A-2b Notes as of any SOFR Adjustment Date, a rate equal to Compounded SOFR; provided, that, the Administrator will have the right, in its sole discretion, to make applicable SOFR Adjustment Conforming Changes.

  • Reference Rate means the rate specified as such hereon.