TIBOR definition

TIBOR has the meaning assigned thereto in the definition of “Eurocurrency Rate”.

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TIBOR means the Tokyo inter-bank offered rate.

TIBOR means the Tokyo inter-bank offered rate determined in accordance with the definition of Screen Rate Determination or Reference Bank Determination as applicable.

Examples of TIBOR in a sentence

The applicable Base Rate, TIBOR Rate, Adjusted LIBO Rate and LIBO Rate shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error.
If no Interest Period is specified with respect to any requested Eurocurrency or TIBOR Revolving Borrowing, then the applicable Borrower shall be deemed to have selected an Interest Period of one month's duration.
If any such Interest Election Request requests a Eurocurrency Borrowing or TIBOR Borrowing but does not specify an Interest Period, then the applicable Borrower shall be deemed to have selected an Interest Period of one month's duration.
Each Lender at its option may make any Eurocurrency Loan or TIBOR Loan, as applicable, by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall (i) subject to following clause (ii), not affect the obligation of the Borrower thereof to repay such Loan in accordance with the terms of this Agreement and (ii) not create any additional liability of the Borrowers in respect of Sections 2.14 or 2.16.
Thereafter, the relevant Borrower may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurocurrency Borrowing or TIBOR Borrowing, may elect Interest Periods therefor, all as provided in this Section and on terms consistent with the other provisions of this Agreement.

More Definitions of TIBOR

TIBOR has the meaning specified in the definition of “Alternative Currency Term Rate”.

TIBOR 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 TIBO Rate.

TIBOR means, in respect of Japanese Yen and for any specified period, the interest rate benchmark known as the Tokyo interbank offered rate;

TIBOR means the Tokyo inter-bank offered rate;

TIBOR means, the rate per annum equal to the Tokyo Interbank Offer Rate, as published on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Agent from time to time) on the day that is two Business Days preceding the first day of such Interest Period (or such other day as is generally treated as the rate fixing day by market practice in such interbank market, as determined by the Agent; provided that, to the extent such market practice is not administratively feasible for the Agent, then such date shall be such other day as otherwise reasonably determined by the Agent) with a term equivalent to such Interest Period.

TIBOR means, in relation to any Loan:

TIBOR means (a) the interest rate offered for Yen deposits for a period comparable to the applicable Interest Period which appears on the screen display designated as "Reuters Screen TIBM" under the caption "Average of 10 Banks" on the Reuters Service (or such other screen display or service as may replace it for the purpose of displaying Tokyo interbank offered rates of prime banks for Yen deposits) at or about 11:00 am (New York time) on the second Business Day before the first day of the applicable Interest Period or (b) if no such interest rate is available on the Reuters Service (or such replacement), the interest rate offered for Yen deposits for a period comparable to the applicable Interest Period which appears on the screen display designated as "Euro-▇▇▇ ▇▇▇▇▇" on page 23070 of the Telerate Service published by the Japanese Bankers Association (or such other screen display or service as may replace it for the purpose of displaying Tokyo interbank offered rates of prime banks for Yen deposits) at or about 11:00 am (New York time) on the second Business Day before the first day of the applicable Interest Period; or (c) if no such interest rate is available on the Reuters Service (or such replacement) or the Telerate Service (or such replacement), the rate per annum which the TIBOR Reference Bank is offering to leading banks in the Tokyo interbank market for deposits in Yen for a period equal to the applicable Interest Period at or about 11:00 a.m. (New York time) on the second Business Day before the first day of the applicable Interest Period; or (d) if no such interest rate is available on the Reuters Service (or such replacement) or the Telerate Service (or such replacement) and the TIBOR Reference Bank is unable to provide the rate referred to in (b) above, the Prime Rate.