Overnight LIBID definition
Overnight LIBID means, as of any date of determination, the rate (not less than zero) determined by Lender equal to Overnight LIBOR as of such date minus 0.125% per annum.
Examples of Overnight LIBID in a sentence
On the Closing Date, the Issuer shall furnish to the Indenture Trustee an Opinion of Counsel to the effect that, in the opinion of such counsel, either (i) all financing statements have been filed that are necessary to perfect the Indenture Trustee’s security interest in the Collateral for the benefit of the Noteholders, and reciting the details of such filings or (ii) no such action shall be necessary to perfect such security interest.