PIBOR Rate definition
PIBOR Rate means the interest rate from time to time in effect for PIBOR deposits of one month duration as published in Les Echos - Taux monetaire - PIBOR, or such successor interbank offer rate for ECU deposits of one month to the extent at any time hereafter the ECU shall be substituted for the French Franc as the currency of the Republic of France.
PIBOR Rate means with respect to any Tranche A French Subtranche Term Loan for any Interest Period therefor (i) in the case of any Lender funding in France prior to the commencement of the third stage of EMU:
Examples of PIBOR Rate in a sentence
All computations of interest or amounts equivalent to interest based on the PIBOR Rate shall be made by RPC on the basis of quarterly compounding and a year of 360 days for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest or other amount is payable.