PHIBOR definition

PHIBOR means the Philippine Interbank Offer Rate as quoted by ▇▇▇▇▇▇ Monitor Money Rate Services at approximately 11:00 a.m. (Manila Time) on the business day immediately preceding the first day of such Interest Period.
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PHIBOR means the three (3)-month PHILIPPINE INTERBANK OFFERED RATE ("PHIBOR"), determined at approximately 11:00 a.m. in the Reuters PHIBOR page on an INTEREST RATE SETTING DATE.
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PHIBOR means the three (3) month Philippine Interbank Offered Rate determined at approximately 11:00 a.m. in the Reuters PHIBOR page on an INTEREST RATE SETTING DATE
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Examples of PHIBOR in a sentence

  • The Alternative Base Rate as defined herein shall be used automatically in lieu, of the Base Rate on the interest payment date if difference between the 90-day PHIBOR and the Base Rate is greater than one hundred fifty (150) basis points on the actual repricing date.

  • In the event that during the seven (7) - day period prior to an INTEREST RATE SETTING DATE, the REFERENCE RATE cannot be determined for any reason or the difference between the REFERENCE RATE and the PHIBOR be equal or greater than 200 basis points, then the applicable interest rate for the INTEREST PERIOD shall be based on the ALTERNATIVE REFERENCE RATE plus the SPREAD.

  • In the event that on an INTEREST RATE SETTING DATE, there is a difference of at least two percent (2.0%) between the REFERENCE RATE and the PHIBOR, then the applicable interest rate for the INTEREST PERIOD shall be based on the ALTERNATIVE REFERENCE RATE plus the SPREAD.

  • The "Alternative Base rate" shall be the average of the latest 90-day MART 1 Rate and the 90-day PHIBOR prevailing on actual repricing date + 2.5% + plus the applicable final/withholding tax, value added tax and/or gross receipts tax, if any.