Sterling LIBOR means the London InterBank Offered Rate denominated in Sterling; and
Sterling LIBOR means shall mean, with respect to each Interest Period applicable to any Sterling Denominated Loan, the British Bankers Association Interest Settlement Rate that appears on page 3750 (or other appropriate page if the relevant Primary Alternate Currency does not appear on such page) of the Dow Xxxxx Telerate Screen (or any successor page) for deposits in Sterling with maturities comparable to such Interest Period as of 11:00 A.M. (London time) on the date which is the same day as the commencement of such Interest Period or, if such rate does not appear on the Dow Xxxxx Telerate Screen (or any successor page), the offered quotations to prime banks in the London interbank market by the Administrative Agent for deposits in Sterling of amounts in same day funds comparable to the outstanding principal amount of such Sterling Denominated Loan with maturities comparable to such Interest Period determined as of 11:00 A.M. (London time) on the date which is two Business Days prior to the commencement of such Interest Period; provided that in the event the Administrative Agent has made any determination pursuant to Section 2.10(a)(i) in respect of Sterling Denominated Loans, or in the circumstances described in clause (i) to the proviso to Section 2.10(b) in respect of Sterling Loans, Sterling LIBOR determined pursuant to this definition shall instead be the rate determined by the Administrative Agent as the all-in-cost of funds for the Administrative Agent to fund the respective Sterling Denominated Loan with maturities comparable to the Interest Period applicable thereto.
Sterling LIBOR when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Adjusted Sterling LIBO Rate.
Examples of Sterling LIBOR in a sentence
Investors should be aware that the market continues to develop in relation to SONIA as a reference rate in the capital markets and its adoption as an alternative to Sterling LIBOR.
Restricted cash at bank represents amounts lodged in support of guarantee commitments, earning interest at short term rates based on Sterling LIBOR.
Sterling LIBOR means the Sterling wholesale funding rate known as the Sterling London Interbank Offered Rate provided by ICE Benchmark Administration Limited, as the administrator of the benchmark (or a successor administrator).
SONIA: Published by the Bank of England, SONIA remains the Working Group’s recommended alternative to Sterling LIBOR, implemented via a daily compounded in arrears methodology.Margin: Simple average of the margin, which is to be added after the rate compounding.Lookback: Standard of 5 Banking Days lookback without observation shift is recommended, days can vary based on borrower / lender needs.
Restrictions on supervised entities' use of the Sterling LIBOR Non-Representative Rates may be imposed thereafter.
More Definitions of Sterling LIBOR
Sterling LIBOR means, with respect to each Interest Period for any Loan denominated in Pounds Sterling, (I) the rate per annum that appears on page 3750 (or other appropriate page if such currency does not appear on such page) of the Dow Xxxxx Telerate Screen (or any successive page) with maturities comparable to such Interest Period as of 11:00 A.M. (London time) on the date which is the commencement date of such Interest Period or, if such a rate does not appear on page 3750 (or such other appropriate page) of the Dow Xxxxx Telerate Screen (or any successor page) the offered quotations to first-class banks in the London interbank Eurodollar market by Barclays for Pounds Sterling deposits of amounts in same day funds comparable to the outstanding principal amount of such Loans with maturities comparable to such Interest Period determined as of 11:00 A.M. (London time) on the date which is the commencement of such Interest Period plus (II) the Associated Cost Rate for such Loans for such Interest Period.
Sterling LIBOR means the London Interbank Offered Rate for the British Pound.
Sterling LIBOR means the Eurocurrency Base Rate applicable to Eurocurrency Rate Loans denominated in Sterling.
Sterling LIBOR means, with respect to each Interest Period for any Loan denominated in Pounds Sterling, (I) the rate per annum that appears on page 3750 (or other appropriate page if such currency does not appear on such page) of the Dow Jxxxx Telerate Screen (or any successive page) with maturities comparable to such Interest Period as of 11:00 A.M. (London time) on the date which is the commencement date of such Interest Period or, if such a rate does not appear on page 3750 (or such other appropriate page) of the Dow Jxxxx Telerate Screen (or any successor page) the offered quotations to first-class banks in the London interbank Eurodollar market by JPMorgan Chase for Pounds Sterling deposits of amounts in same day funds comparable to the outstanding principal amount of such Loans with maturities comparable to such Interest Period determined as of 11:00 A.M. (London time) on the date which is the commencement of such Interest Period plus (II) the Associated Cost Rate for such Loans for such Interest Period.
Sterling LIBOR means, with respect to each Borrowing of Sterling Denominated Loans, the rate per annum determined by the Reference Bank (as defined in Annex A hereto) at approximately 11:00 a.m. (London time) on the date that is 1 Business Day prior to the commencement of such Interest Period by reference to the British Bankers Association Interest Settlement Rate that appears on the Reuters Screen LIBOR01 for deposits in Sterling (or such other comparable page as may, in the reasonable opinion of the Reference Bank, replace such page for the purpose of displaying such rates) for a period equal to such Interest Period and for an amount approximately equal to the proposed Borrowing of Sterling Denominated Loans; provided that to the extent that an interest rate is not ascertainable pursuant to the foregoing provisions of this definition, “Sterling LIBOR” shall be the interest rate per annum determined by the Administrative Agent to be the average of the rates per annum at which deposits in Sterling are offered for such relevant Interest Period to major banks in the London interbank market by the Administrative Agent at approximately 11:00 a.m. (London time) on the date that is the Business Day of the beginning of such Interest Period.
Sterling LIBOR means the Sterling wholesale funding rate known as Sterling LIBOR (London Interbank Offered Rate) provided by ICE Benchmark Administration Limited, as the administrator of the benchmark, (or a successor administrator);
Sterling LIBOR means, with respect to any Sterling Libor Advance for any Interest Period, the rate of interest per annum as determined by TDUK to be the arithmetic mean (rounded upwards, if necessary, to the nearest four decimal places) of the offered quotations in Sterling and for the Interest Period which appear on the display designated as page "LIBP" on the Xxxxxx Monitor Money Rates Service (or such other displays, pages or service as may replace those displays, pages or service, as the case may be, or such system for the purpose of displaying London interbank offered rates of leading banks as there may be from time to time) as at 11:00 a.m. (London time) two Business Days before the first day of such Interest Period, plus the applicable Mandatory Liquid Asset Cost;