Sterling LIBOR Rate means for each LIBOR Period with respect to a LIBOR Loan denominated in Sterling, the offered rate per annum for deposits of Sterling for such LIBOR Period that appears on pages LIBOR01 or LIBOR02 of the Reuters screen (or any successor or substitute page of such service, or any successor to or substitute for such service, providing rate quotations comparable to those currently provided on such page of such service, as determined by the Administrative Agent from time to time for purposes of providing quotations of interest rates applicable to deposits in Sterling in the London interbank market) as of 11:00 A.M. (London, England time) on the first day of such LIBOR Period. If the offered rate described in the foregoing sentence does not exist, such rate will be the rate of interest per annum, as determined by the Administrative Agent (rounded upwards, if necessary, to the nearest 1/100 of 1%) at which deposits of Sterling in immediately available funds are offered at 11:00 A.M. (London, England time) on the first day of such LIBOR Period by major financial institutions reasonably satisfactory to the Administrative Agent in the London interbank market for a LIBOR Period of the applicable duration for the applicable principal amount on such date of determination. Notwithstanding the foregoing, the “Sterling LIBOR Rate” shall be deemed to be zero if the rate otherwise calculated pursuant to this definition would result in a rate less than zero.
Sterling LIBOR Rate means for any Sterling Interest Period with respect to any Sterling LIBOR Loan, (a) the Sterling LIBOR Base Rate, plus (b) the Applicable Margin, plus (c) the Mandatory Liquid Assets Cost Rate for such Sterling Interest Period
Sterling LIBOR Rate means the Interpolated Screen Rate. If the rates referenced in the preceding two sentences are not available, the annual rate of interest referred to in the first sentence shall be equal to the rate determined by the U.K. Agent to be the offered rate on such other page or other service that displays an average British Bankers Association Interest Settlement Rate for deposits in Sterling or any successor rate thereto (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period, determined as of approximately 11:00 a.m. (London time) on the first Eurodollar Business Day of such Interest Period. If the rates referenced in the preceding three sentences are not available, the annual rate of interest referred to in the first sentence shall be equal to the Sterling Reference Rate.
Examples of Sterling LIBOR Rate in a sentence
A custom frit pattern shall be applied on the outside perimeter of the windshield for a finished automotive appearance.
Loans bearing interest calculated by reference to the Domestic LIBOR Rate (other than, for the avoidance of doubt, Domestic Base Rate Loans bearing interest by reference to the Domestic LIBOR Rate as provided in the definition of “Domestic Base Rate”), Canadian LIBOR Rate, Sterling LIBOR Rate, EURIBOR Rate, or U.K. Dollar LIBOR Rate, as the case may be.
In the event that the Administrative Agent is unable to obtain any such quotation as provided above, it will be considered that Pounds Sterling LIBOR Rate pursuant to a Eurocurrency Rate Loan denominated in Pounds Sterling cannot be determined.
The Agent, upon determining the LIBOR ------------------------ Rate, the Adjusted LIBOR Rate, the Sterling LIBOR Rate, and the Adjusted Sterling LIBOR Rate for any Interest Period, shall promptly notify by telephone (confirmed promptly in writing) or in writing the Borrowers and the Lenders of such rates.
The new vehicle is a passenger automobile with a combined fuel econ- omy of at least 22 mpg, the eligible trade-in vehicle has a combined fuel economy of 18 mpg or less and is a pas- senger automobile, category 1 truck, or category 2 truck, and the combined fuel economy of the new vehicle is at least 4 mpg, but less than 10 mpg high- er than the combined fuel economy of the eligible trade-in vehicle.
More Definitions of Sterling LIBOR Rate
Sterling LIBOR Rate means for each LIBOR Period with respect to a LIBOR Loan denominated in Sterling, the offered rate per annum for deposits of Sterling for such LIBOR Period that appears on the appropriate page of such service which displays the British Bankers’ Association Interest Settlement Rates for deposits in Sterling (or any successor or substitute page of such service, or any successor to or substitute for such service, providing rate quotations comparable to those currently provided on such page of such service, as determined by Agent from time to time for purposes of providing quotations of interest rates applicable to deposits in Sterling in the London interbank market) as of 11:00 A.M. (London, England time) on the first day of such LIBOR Period. If the offered rate described in the foregoing sentence does not exist, such rate will be the rate of interest per annum, as determined by Agent (rounded upwards, if necessary, to the nearest 1/100 of 1%) at which deposits of Sterling in immediately available funds are offered at 11:00 A.M. (London, England time) on the first day of such LIBOR Period by major financial institutions reasonably satisfactory to Agent in the London interbank market for a LIBOR Period of the applicable duration for the applicable principal amount on such date of determination.
Sterling LIBOR Rate. For any Interest Period with respect to a U.K. LIBOR Rate Loan denominated in Sterling, the annual rate of interest equal to LIBOR, or a comparable or successor rate which rate is approved by the U.K. Agent, as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by the U.K. Agent from time to time, the “GBP Screen Rate”) at approximately 11:00 a.m. (London time) on the first Eurodollar Business Day of such Interest Period. If the rate referenced in the preceding sentence is not available, “Sterling LIBOR Rate” means the Interpolated Screen Rate. If the rates referenced in the preceding two sentences are not available, the annual rate of interest referred to in the first sentence shall be equal to the rate determined by the U.K. Agent to be the offered rate on such other page or other service that displays an average ICE Interest Settlement Rate for deposits in Sterling or any successor rate thereto (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period, determined as of approximately 11:00 a.m. (London time) on the first Eurodollar Business Day of such Interest Period. If the rates referenced in the preceding three sentences are not available, the annual rate of interest referred to in the first sentence shall be equal to the Sterling Reference Rate.
Sterling LIBOR Rate means for any Interest Period for any LIBOR Advance, ------------------- an interest rate per annum, rounded upward, if necessary to the nearest 1/100 of one percent, (calculated on the basis of actual days elapsed over a 365-day year) as determined on the basis of the offered rates for Sterling deposits of amounts and in funds comparable to the principal amount of such LIBOR Advance requested by the UK Borrowers for which the Sterling LIBOR Rate is being determined with maturities comparable to the Interest Period for which such Sterling LIBOR Rate will apply, which appears on Telerate page 3750 as of 11:00 A.M. (London time) on the day that is to be the commencement of such Interest Period, provided that if the rate described above does not appear on the ------------- Telerate System on any applicable interest determination date, the Sterling LIBOR Rate shall be the average of the rates (rounded upwards as described above, if necessary) appearing on the Reuters Page "LIBO" (or such other page as may replace the "LIBO Page" on that service for the purpose of displaying such rates) for Sterling deposits of amounts and in funds comparable to the principal amount of such LIBOR Advance requested by the UK Borrowers for which the Sterling LIBOR Rate is being determined with maturities comparable to the Interest Period for which such Sterling LIBOR Rate will apply as of 11:00 A.M. (London time) on the day that is to be the commencement of such Interest Period.
Sterling LIBOR Rate means for any Interest Period for any ------------------- Sterling LIBOR Rate Loan, the rate of interest determined by the Bank, at about 11:00 a.m. (London time) on the Sterling LIBOR Rate Fixing Day as being the rate at which deposits in Pounds Sterling are offered to it by first-class banks in the London interbank market for deposit for such Interest Period in amounts comparable to the aggregate principal amount of Sterling LIBOR Rate Loans to which such Interest Period relates.
Sterling LIBOR Rate. For any Interest Period with respect to a U.K. LIBOR Rate Loan denominated in Sterling, the annual rate of interest equal to LIBOR, or a comparable or successor rate which rate is approved by the U.K. Agent, as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by the U.K. Agent from time to time, the “GBP Screen Rate”) at approximately 11:00 a.m. (London time) on the first Eurodollar Business Day of such Interest Period; provided, that, until such time as the events or circumstances under §6.17(a)(i), (ii) or (iii) occur with respect to the Sterling LIBOR Rate, (a) if the GBP Screen Rate is not available, “Sterling LIBOR Rate” means the Interpolated Screen Rate, (b) if the GBP Screen Rate and the Interpolated Screen Rate are not available, the annual rate of interest referred to in the first sentence shall be equal to the rate determined by the U.K. Agent to be the offered rate on such other page or other service that displays an average ICE Interest Settlement Rate for deposits in Sterling or any successor rate thereto (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period, determined as of approximately 11:00 a.m. (London time) on the first Eurodollar Business Day of such Interest Period, (c) if the GBP Screen Rate, the Interpolated Screen Rate, and the rate referenced in the preceding clause (b) are not available, the annual rate of interest referred to in the first sentence shall be equal to the Sterling Reference Rate, and (d) if the GBP Screen Rate, the Interpolated Screen Rate, the rate referenced in the preceding clause (b), and the Sterling Reference Rate are not available, the annual rate of interest referred to in the first sentence shall be equal to the U.K. Cost of Funds Rate. If LIBOR (or a comparable or successor rate as herein set forth) shall be less than zero, such rate shall be deemed zero for purposes of this Agreement.
Sterling LIBOR Rate with respect to any Sterling LIBOR Loan for any Interest Period, the rate per annum appearing on Telerate Page 3870 (or any successor page) as the London interbank offered rate for deposits in Pounds Sterling at approximately 11:00 a.m. (Eastern time) two Business Days prior to the first day of such Interest Period for a term comparable to such Interest Period. If for any reason the 44
Sterling LIBOR Rate means for each LIBOR Period with respect to a LIBOR Loan denominated in Sterling, the highest of (a) the offered rate per annum for deposits of Sterling for such LIBOR Period that appears on Reuters Screen LIBOR01 Page as of 11:00 A.M. (London, England time) two (2) Business Days prior to the first day in such LIBOR Period, (b) if such LIBOR Period is for a duration less than three months, the offered rate per annum for deposits of Sterling for a three-month LIBOR Period commencing on the first day in such LIBOR Period that appears on Reuters Screen LIBOR01 Page as of 11:00 A.M. (London, England time) two (2) Business Days prior to the first day in such LIBOR Period and (c) 2.00% per annum. If any. If the offered rate described in the foregoing clause (a) or (b)sentence does not exist, such rate will be the rate of interest per annum, as determined by Agent (rounded upwards, if necessary, to the nearest 1/100 of 1%) at which deposits of Sterling in immediately available funds are offered at 11:00 A.M. (London, England time) two (2) Business Days prior to the first day in such LIBOR Period by major financial institutions reasonably satisfactory to Agent in the London interbank market for a LIBOR Period of the applicable duration for the applicable principal amount on such date of determination.