Two-Month LIBOR definition
Two-Month LIBOR means, with respect to any Accrual Period, the London interbank offered rate for deposits in U.S. dollars having the Index Maturity which appears on Telerate Page 3750 as of 11:00 a.m. London time, on the related LIBOR Determination Date. If this rate does not appear on Telerate Page 3750, the rate for that day will be determined on the basis of the rates at which deposits in U.S. dollars, having the Index Maturity and in a principal amount of not less than U.S. $1,000,000, are offered at approximately 11:00 a.m., London time, on that LIBOR Determination Date, to prime banks in the London interbank market by the Reference Banks. The Administrator will request the principal London office of each Reference Bank to provide a quotation of its rate. If the Reference Banks provide at least two quotations, the rate for that day will be the arithmetic mean of the quotations. If the Reference Banks provide fewer than two quotations, the rate for that day will be the arithmetic mean of the rates quoted by major banks in New York City, selected by the Administrator, at approximately 11:00 a.m., New York City time, on that LIBOR Determination Date, for loans in U.S. dollars to leading European banks having the Index Maturity and in a principal amount of not less than U.S. $1,000,000. If the banks selected as described above are not providing quotations, LIBOR in effect for the applicable Accrual Period will be LIBOR for the specified maturity in effect for the previous Accrual Period.
Two-Month LIBOR see Three-Month LIBOR.
Two-Month LIBOR means, with respect to any Accrual Period, the London interbank offered rate for deposits in U.S. Dollars having the Index Maturity which appears on Reuters Page 3750 as of 11:00 a.m. London time, on the related LIBOR Determination Date, as determined by the Administrator. If this rate does not appear on Reuters Page 3750, or on such comparable service as is customarily used to quote LIBOR, the rate for that day will be determined on the basis of the rates at which deposits in U.S. Dollars, having the Index Maturity and in a principal amount of not less than U.S. $1,000,000, are offered at approximately 11:00 a.m., London time, on that LIBOR Determination Date, to prime banks in the London interbank market by the Reference Banks. The Administrator will request the principal London office of each Reference Bank to provide a quotation of its rate. If the Reference Banks provide at least two quotations, the rate for that day will be the arithmetic mean of the quotations. If the Reference Banks provide fewer than two quotations, the rate for that day will be the arithmetic mean of the rates quoted by major banks in New York City, selected by the Administrator at approximately 11:00 a.m., New York time, on that LIBOR Determination Date, for loans in U.S. Dollars to leading European banks having the Index Maturity and in a principal amount of not less than U.S. $1,000,000. If the banks selected as described above are not providing quotations, LIBOR in effect for the applicable Accrual Period will be LIBOR for the Index Maturity in effect for the previous Accrual Period. All percentages resulting from such calculations shall be rounded, if necessary, to the nearest 1/100,000 of 1%, or 0.0000001, with five one-millionths of a percentage point being rounded upward.
Examples of Two-Month LIBOR in a sentence
If the Company selects the Two-Month LIBOR Rate or the Three-Month LIBOR Rate as the rate upon which interest shall be based, interest shall accrue for an Interest Period of two months or three months, respectively.
Two-Month LIBOR as determined by the Underlying Indenture Trustee pursuant to the Underlying Indenture.
The Company may make prepayments of principal without a prepayment charge at any time when interest is based on the Prime Rate, and at the end of the applicable Interest Period when interest is based on the One-Month LIBOR Rate, the Two-Month LIBOR Rate, or the Three-Month LIBOR Rate.
The Class A-1 Rate for the initial Accrual Period shall mean the rate determined by the following formula: x + [ 6/31 * (y-x) ] where: x = Two-Month LIBOR, and y = Three-Month LIBOR, in each case, as determined on the second Business Day before the beginning of the initial Accrual Period, plus 0.10%, based on the actual number of days in the initial Accrual Period divided by 360.
In connection therewith, the Calculation Agent shall calculate Three-Month LIBOR and Two-Month LIBOR for the first Accrual Period and for each subsequent Accrual Period shall calculate, on each LIBOR Determination Date related to such Accrual Period, Three-Month LIBOR.
More Definitions of Two-Month LIBOR
Two-Month LIBOR see “One-Month LIBOR” herein
Two-Month LIBOR is defined in the Global Note.
Two-Month LIBOR shall have the meaning assigned to such term in the definition of “One-Month LIBOR” above.
Two-Month LIBOR see definition of "Three-Month LIBOR."
Two-Month LIBOR. Two-Month LIBOR as determined by the Underlying Indenture Trustee pursuant to the Underlying Indenture.
Two-Month LIBOR means, with respect to any Accrual Period, the London interbank offered rate for deposits in U.S. Dollars having the Index Maturity as such rate appears on Telerate Page 3750, Bloomberg Page BBAM, or another page of these or any other financial reporting service in general use in the financial services industry, as of 11:00 a.m. London time, on the related LIBOR Determination Date. If no rate is so reported on the related LIBOR Determination Date, the rate for that day will be determined on the basis of the rates at which deposits in U.S. Dollars, having the Index Maturity and in a principal amount of not less than U.S. $1,000,000, are offered at approximately 11:00 a.m., London time, on that LIBOR Determination Date, to prime banks in the London interbank market by the Reference Banks. The Administrator will request the principal London office of each Reference Bank to provide a quotation of its rate. If the Reference Banks provide at least two quotations, the rate for that day will be the arithmetic mean of the quotations. If the Reference Banks provide fewer than two quotations, the rate for that day will be the arithmetic mean of the rates quoted by major banks in New York City, selected by the Administrator, at approximately 11:00 a.m., New York time, on that LIBOR Determination Date, for loans in U.S. Dollars to leading European banks having the Index Maturity and in a principal amount of not less than U.S. $1,000,000. If the banks selected as described above are not providing quotations, Three-Month LIBOR or Two-Month LIBOR, as applicable, in effect for the applicable Accrual Period will be Three-Month LIBOR or Two-Month LIBOR, as the case may be, in effect for the previous Accrual Period.
Two-Month LIBOR or "Three-Month LIBOR" means, with respect to any Accrual Period, the London interbank offered rate for deposits in U.S. dollars having the Index Maturity which appears on Telerate Page 3750 as of 11:00 a.m. London time, on the related LIBOR Determination Date. If this rate does not appear on Telerate Page 3750, the rate for that day will be determined on the basis of the rates at which deposits in U.S. dollars, having the Index Maturity and in a principal amount of not less than U.S. $1,000,000, are offered at approximately 11:00 a.m., London time, on that LIBOR Determination Date, to prime banks in the London interbank market by the Reference Banks. The Administrator will request the principal London office of each Reference Bank to provide a quotation of its rate. If the Reference Banks provide at least two quotations, the rate for that day will be the arithmetic mean of the quotations. If the Reference Banks provide fewer than two quotations, the rate for that day will be the arithmetic mean of the rates quoted by major banks in New York City, selected by the Administrator, at approximately 11:00 a.m., New York City time, on that LIBOR Determination Date, for loans in U.S. dollars to leading European banks having the Index Maturity and in a principal amount of not less than U.S. $1,000,000. If the banks selected as described above are not providing quotations, LIBOR in effect for the applicable Accrual Period will be LIBOR for the specified maturity in effect for the previous Accrual Period.