NIBOR Rate definition
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.
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.
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%.
Examples of NIBOR Rate in a sentence
The Administrative Agent and its affiliates or other related entities may engage in transactions that affect the calculation of the Alternate Base Rate, the Daily Simple RFR, Daily Simple SOFR, the Term SOFR Index Rate, Term SOFR, Term ▇▇▇▇▇, the Adjusted EURIBO Rate, the AUD Rate, the HKIBOR Rate, the NIBOR Rate, the ▇▇▇▇▇ ▇▇▇▇ or any alternative, successor or replacement rate (including any Benchmark Replacement) or any relevant adjustments thereto, in each case, in a manner adverse to the Borrower.
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.
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, t hat, 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, f urther 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.
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.
NIBOR Rate means, with respect to any Interest Period, in the case of any Term Benchmark 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 the Specified Time two (2) 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.
NIBOR Rate means, with respect to any Interest Period, the rate per annum equal to the Norwegian Interbank Offered Rate as administered by the Norske Finansielle Referanser AS (or any other Person that takes over the administration of such rate) for a period equal in length to such Interest Period, as displayed on the applicable Bloomberg page (or on any successor or substitute page or service providing such quotations as determined by the Administrative Agent from time to time in its reasonable discretion) at approximately 11:00 a.m. (Oslo, Norway time) two Term Benchmark Banking Days for NOK prior to the first day of such Interest Period (the “NIBOR Screen Rate”). If the NIBOR Screen Rate shall be less than zero (0.00%), the NIBOR Rate shall be deemed to be zero (0.00%) for purposes of this Agreement.
NIBOR Rate means for an Interest Period of any Loan or overdue amount denominated in Norwegian Krone:
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