Common use of Determination of LIBOR Clause in Contracts

Determination of LIBOR. (a) "LIBOR" shall mean, as of any LIBOR Determination Date, the offered rate for deposits in United States dollars for one month (commencing on the first day of the relevant Interest Accrual Period) which appears on Telerate Page 3750 as of 11:00 A.M., London time, on the LIBOR Determination Date for such Interest Accrual Period. If such rate does not appear on Telerate Page 3750, the rate for such LIBOR Determination Date will be determined on the basis of the rates at which deposits in the United States dollars are offered by the Reference Banks at approximately 11:00 a.m., London time, on such LIBOR Determination Date to prime banks in the London interbank market for a period equal to one month (commencing on the first day of the relevant Interest Accrual Period). The Trustee will request the principal London office of each such bank to provide a quotation of its rate. If at least two such quotations are provided, the rate for such LIBOR Determination Date will be the arithmetic mean of the quotations. If fewer than two quotations are provided as requested, the rate for such LIBOR Determination Date will be the arithmetic mean of the rates quoted by four major banks in New York City, selected by the Trustee, at approximately 11:00 a.m., New York City time, on the LIBOR Determination Date for loans in United States dollars to leading European banks for a period equal to one month (commencing on the first day of such Interest Accrual Period).

Appears in 9 contracts

Samples: Pooling and Servicing Agreement (Metris Receivables Inc), Pooling and Servicing Agreement (Metris Master Trust), Amended and Restated Series 2000 2 Supplement (Metris Master Trust)

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Determination of LIBOR. (a) "LIBOR" shall mean, as of any On each LIBOR Determination Date, the offered Trustee will determine LIBOR on the basis of the rate for deposits in United States dollars for one a one-month (commencing on the first day of the relevant Interest Accrual Period) period which appears on Telerate Page 3750 as of 11:00 A.M.a.m., London time, on the LIBOR Determination Date for such Interest Accrual Perioddate. If such rate does not appear on Telerate Page 3750, the rate for such that LIBOR Determination Date will be determined on the basis of the rates at which deposits in the United States dollars are offered by the Reference Banks at approximately 11:00 a.m., London time, on such LIBOR Determination Date that day to prime banks in the London interbank market for a period equal to one one-month (commencing on the first day of the relevant Interest Accrual Period)period. The Trustee will request the principal London office of each such bank of the Reference Banks to provide a quotation of its rate. If at least two such quotations are provided, the rate for such that LIBOR Determination Date will be the arithmetic mean of the quotations. If fewer than two quotations are provided as requested, the rate for such that LIBOR Determination Date will be the arithmetic mean of the rates quoted by four major banks in New York City, selected by the TrusteeServicer, at approximately 11:00 a.m., New York City time, on the LIBOR Determination Date that day for loans in United States dollars to leading European banks for a period equal one-month period. (b) The Class A Certificate Rate applicable to one month the then current and the immediately preceding Interest Periods may be obtained by any Investor Certificateholder by telephoning the Trustee at its Corporate Trust Office at (commencing on 000) 000-0000. (c) On each LIBOR Determination Date prior to 12:00 noon New York City time, the first day Trustee shall send to the Servicer by facsimile, notification of such LIBOR for the following Interest Accrual Period).

Appears in 8 contracts

Samples: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Series Supplement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)

Determination of LIBOR. (a) "LIBOR" shall mean, as of any LIBOR Determination Date, the offered rate for deposits in United States dollars for one month (commencing on the first day of the relevant Interest Accrual Period) which appears on Telerate Page 3750 as of 11:00 A.M., London time, on the LIBOR Determination Date for such Interest Accrual Period. If such rate does not appear on Telerate Page 3750, the rate for such LIBOR Determination Date will be determined on the basis of the rates at which deposits in the United States dollars are offered by the Reference Banks at approximately 11:00 a.m., London time, on such LIBOR Determination Date to prime banks in the London interbank market for a period equal to one month (commencing on the first day of the relevant Interest Accrual Period). The Trustee will request the principal London office of each such bank to provide a quotation of its rate. If at least two such quotations are provided, the rate for such LIBOR Determination Date will be the arithmetic mean of the quotations. If fewer than two quotations are provided as requested, the rate for such LIBOR Determination Date will be the arithmetic mean of the rates quoted by four major banks in New York City, selected by the Trustee, at approximately 11:00 a.m., New York City time, on the LIBOR Determination Date for loans in United States dollars to leading European banks for a period equal to one month (commencing on the first day of such Interest Accrual Period).

Appears in 5 contracts

Samples: Series Supplement (Metris Master Trust), Pooling and Servicing Agreement (Metris Receivables Inc), Series Supplement (Metris Master Trust)

Determination of LIBOR. (a) "LIBOR" shall mean, as of any LIBOR Determination Date, the offered rate for deposits in United States dollars for one month (commencing on the first day of the relevant Interest Accrual Periodinterest period) which appears on Telerate Page 3750 as of 11:00 A.M., London time, on the LIBOR Determination Date for such Interest Accrual Periodinterest period. If such rate does not appear on Telerate Page 3750, the rate for such LIBOR Determination Date will be determined on the basis of the rates at which deposits in the United States dollars are offered by the Reference Banks at approximately 11:00 a.m., London time, on such LIBOR Determination Date to prime banks in the London interbank market for a period equal to one month (commencing on the first day of the relevant Interest Accrual Periodinterest period). The Trustee will request the principal London office of each such bank to provide a quotation of its rate. If at least two such quotations are provided, the rate for such LIBOR Determination Date will be the arithmetic mean of the quotations. If fewer than two quotations are provided as requested, the rate for such LIBOR Determination Date will be the arithmetic mean of the rates quoted by four major banks in New York City, selected by the Trustee, at approximately 11:00 a.m., New York City time, on the LIBOR Determination Date for loans in United States dollars to leading European banks for a period equal to one month (commencing on the first day of such Interest Accrual Periodinterest period).

Appears in 5 contracts

Samples: Pooling and Servicing Agreement (Metris Master Trust), Pooling and Servicing Agreement (Metris Master Trust), Pooling and Servicing Agreement (Metris Receivables Inc)

Determination of LIBOR. (a) "LIBOR" shall mean, as of any On each LIBOR Determination Date, the offered Trustee will determine LIBOR on the basis of the rate for deposits in United States dollars for one a one-month (commencing on the first day of the relevant Interest Accrual Period) period which appears on Telerate Page 3750 as of 11:00 A.M.a.m., London time, on the LIBOR Determination Date for such Interest Accrual Perioddate. If such rate does not appear on Telerate Page 3750, the rate for such that LIBOR Determination Date will be determined on the basis of the rates at which deposits in the United States dollars are offered by the Reference Banks at approximately 11:00 a.m., London time, on such LIBOR Determination Date that day to prime banks in the London interbank market for a period equal to one one-month (commencing on the first day of the relevant Interest Accrual Period)period. The Trustee will request the principal London office of each such bank of the Reference Banks to provide a quotation of its rate. If at least two such quotations are provided, the rate for such that LIBOR Determination Date will be the arithmetic mean of the quotations. If fewer than two quotations are provided as requested, the rate for such that LIBOR Determination Date will be the arithmetic mean of the rates quoted by four major banks in New York City, selected by the TrusteeServicer, at approximately 11:00 a.m., New York City time, on the LIBOR Determination Date that day for loans in United States dollars to leading European banks for a period equal one-month period. (b) The Class B Certificate Rate applicable to one month the then current and the immediately preceding Interest Periods may be obtained by any Investor Certificateholder by telephoning the Trustee at its Corporate Trust Office at (commencing on 000) 000-0000. (c) On each LIBOR Determination Date prior to 12:00 noon New York City time, the first day Trustee shall send to the Servicer by facsimile, notification of such LIBOR for the following Interest Accrual Period).

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)

Determination of LIBOR. (a) "LIBOR" shall mean, as of any On each LIBOR Determination Date, the offered Trustee shall determine LIBOR on the basis of the rate for deposits in United States dollars for one month (commencing on the first day of a period equal to the relevant Interest Accrual PeriodPeriod (except that, for the purpose of determining LIBOR, the initial Interest Period shall be one month) which appears on Telerate Page 3750 as of 11:00 A.M.a.m., London time, on the LIBOR Determination Date for such Interest Accrual Perioddate. If such rate does not appear on Telerate Page 3750, the rate for such that LIBOR Determination Date will shall be determined on the basis of the rates at which deposits in the United States dollars are offered by the Reference Banks at approximately 11:00 a.m., London time, on such LIBOR Determination Date that day to prime banks in the London interbank market for a period equal to one month (commencing on the first day of the relevant Interest Accrual Period). The Trustee will shall request the principal London office of each such bank of the Reference Banks to provide a quotation of its rate. If at least two such quotations are provided, the rate for such that LIBOR Determination Date will shall be the arithmetic mean of the quotations. If fewer than two quotations are provided as requested, the rate for such that LIBOR Determination Date will be the arithmetic mean of the rates quoted by four major banks in New York City, selected by the TrusteeServicer, at approximately 11:00 a.m., New York City time, on the LIBOR Determination Date that day for loans in United States dollars to leading European banks for a period equal to one month the relevant Interest Period. (commencing on b) The Trustee shall provide the first day Class A Certificate Rate and the Class B Certificate Rate applicable to the then current and immediately preceding Interest Periods to any Investor Certificateholder requesting such information by telephoning the Trustee at the telephone number which is currently (000) 000-0000. (c) On each LIBOR Determination Date prior to 12:00 noon New York City time, the Trustee shall send to the Servicer by facsimile notification of such LIBOR for the following Interest Accrual Period).

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Chase Credit Card Master Trust), Pooling and Servicing Agreement (Chase Manhattan Bank Usa), Pooling and Servicing Agreement (Chase Manhattan Bank Usa)

Determination of LIBOR. (a) "LIBOR" shall mean, as of any LIBOR Determination Datefor a specific ---------------------- Interest Accrual Period (other than the initial Interest Accrual Period), the offered rate for deposits in United States dollars for one month (commencing on the first day of the relevant Interest Accrual Period) which appears on Telerate Page 3750 as of 11:00 A.M.a.m., London time, on the LIBOR Determination Date for such Interest Accrual Period. If such rate does not appear on Telerate Page 3750, the rate for such LIBOR Determination Date Interest Accrual Period will be determined on the basis of the rates at which deposits in the United States dollars are offered by the Reference Banks at approximately 11:00 a.m., London time, on such LIBOR Determination Date to prime banks in the London interbank market for a period equal to one month (commencing on the first day of the relevant Interest Accrual Period). The Trustee will request the principal London office of each such bank to provide a quotation of its rate. If at least two such quotations are provided, the rate for such LIBOR Determination Date Interest Accrual Period will be the arithmetic mean of the quotations. If fewer than two quotations are provided as requested, the rate for such LIBOR Determination Date Interest Accrual Period will be the arithmetic mean of the rates quoted by four major banks in New York City, selected by the Trustee, at approximately 11:00 a.m., New York City time, on the LIBOR Determination Date first day of such Interest Accrual Period for loans in United States dollars to leading European banks for a period equal to one month (commencing on the first day of such Interest Accrual Period).

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Peoples Bank), Pooling and Servicing Agreement (Peoples Bank), Pooling and Servicing Agreement (Peoples Bank Credit Card Master Trust)

Determination of LIBOR. (a) "LIBOR" shall mean, as of any LIBOR Determination Datefor a specific Interest Accrual Period (other than the initial Interest Accrual Period), the offered rate for deposits in United States dollars for one month (commencing on the first day of the relevant Interest Accrual Period) which appears on Telerate Page 3750 as of 11:00 A.M.a.m., London time, on the LIBOR Determination Date for such Interest Accrual Period. If such rate does not appear on Telerate Page 3750, the rate for such LIBOR Determination Date Interest Accrual Period will be determined on the basis of the rates at which deposits in the United States dollars are offered by the Reference Banks at approximately 11:00 a.m., London time, on such LIBOR Determination Date to prime banks in the London interbank market for a period equal to one month (commencing on the first day of the relevant Interest Accrual Period). The Trustee will request the principal London office of each such bank to provide a quotation of its rate. If at least two such quotations are provided, the rate for such LIBOR Determination Date Interest Accrual Period will be the arithmetic mean of the quotations. If fewer than two quotations are provided as requested, the rate for such LIBOR Determination Date Interest Accrual Period will be the arithmetic mean of the rates quoted by four major banks in New York City, selected by the Trustee, at approximately 11:00 a.m., New York City time, on the LIBOR Determination Date first day of such Interest Accrual Period for loans in United States dollars to leading European banks for a period equal to one month (commencing on the first day of such Interest Accrual Period).

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Peoples Bank Credit Card Master Trust), Pooling and Servicing Agreement (Peoples Bank Credit Card Master Trust)

Determination of LIBOR. (a) "LIBOR" shall mean, as of any On each LIBOR Determination Date, the offered Trustee shall determine LIBOR on the basis of the rate for deposits in United States dollars for one month (commencing on the first day a period of the relevant Interest Accrual Period) Designated Maturity which appears on Telerate Reuters Screen LIBOR01 Page 3750 as of 11:00 A.M.a.m., London time, on the LIBOR Determination Date for such Interest Accrual Periodthat date. If such rate does not appear on Telerate Page 3750Reuters Screen LIBOR01 Page, the rate for such that LIBOR Determination Date will be determined based on the basis of the rates at which deposits in the United States dollars are offered by the Reference Banks at approximately 11:00 a.m., London time, on such LIBOR Determination Date that day to prime banks in the London interbank market for a period equal to one month (commencing on the first day of the relevant Interest Accrual Period)Designated Maturity. The Trustee or the Hedge Counterparty will request the principal London office of each such bank of the Reference Banks to provide a quotation of its rate. If at least two such quotations are provided, the rate for such that LIBOR Determination Date will be the arithmetic mean of the quotations. If fewer than two quotations are provided as requestedprovided, the rate for such that LIBOR Determination Date will be the arithmetic mean of the rates quoted by four major banks in New York City, selected by the TrusteeServicer, at approximately 11:00 a.m., New York City time, on the LIBOR Determination Date that day for loans in United States dollars to leading European banks for a period equal of the Designated Maturity. (b) The Class A Certificate Rates, Class M Certificate Rates, Class B Certificate Rates, Class C Certificate Rate, Class D-1 Certificate Rate and Class D-2 Certificate Rate applicable to one month the then current and the immediately preceding Interest Periods may be obtained by any Series 2007-1 Certificateholder by telephoning the Trustee at its Corporate Trust Office at (commencing on 000) 000-0000. (c) On each LIBOR Determination Date prior to 12:00 noon New York City time, the first day Trustee shall send to the Servicer by facsimile, notification of such LIBOR for the following Interest Accrual Period).

Appears in 2 contracts

Samples: Series Supplement (Alliance Data Systems Corp), Pooling and Servicing Agreement (Charming Shoppes Inc)

Determination of LIBOR. (a) "LIBOR" shall mean, as of any LIBOR Determination Date, the offered rate for deposits in United States dollars for one month (commencing on the first day of the relevant Interest Accrual Period) which appears on Telerate Page 3750 as of 11:00 A.M.a.m., London time, on the LIBOR Determination Date for such Interest Accrual Period. If such rate does not appear on Telerate Page 3750, the rate for such LIBOR Determination Date will be determined on the basis of the rates at which deposits in the United States dollars are offered by the Reference Banks at approximately 11:00 a.m., London time, on such LIBOR Determination Date to prime banks in the London interbank market for a period equal to one month (commencing on the first day of the relevant Interest Accrual Period). The Trustee will request the principal London office of each such bank to provide a quotation of its rate. If at least two such quotations are provided, the rate for such LIBOR Determination Date will be the arithmetic mean of the quotations. If fewer than two quotations are provided as requested, the rate for such LIBOR Determination Date will be the arithmetic mean of the rates quoted by four major banks in New York City, selected by the Trustee, at approximately 11:00 a.m., New York City time, on the LIBOR Determination Date for loans in United States dollars to leading European banks for a period equal to one month (commencing on the first day of such Interest Accrual Period).

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Metris Master Trust), Supplement (Metris Receivables Inc)

Determination of LIBOR. (a) "LIBOR" shall mean, as of any LIBOR Determination Date, the offered rate for deposits in United States dollars for one month (commencing on the first day of the relevant Interest Accrual Period) which appears on Telerate Page 3750 as of 11:00 A.M., London time, on the LIBOR Determination Date for such Interest Accrual Period. If such rate does not appear on Telerate Page 3750, the rate for such LIBOR Determination Date will be determined on the basis of the rates at which deposits in the United States dollars are offered by four major banks in the Reference Banks London interbank market selected by the Servicer at approximately 11:00 a.m., London time, on such LIBOR Determination Date to prime banks in the London interbank market for a period equal to one month (commencing on the first day of the relevant Interest Accrual Period). The Trustee will request the principal London office of each such bank to provide a quotation of its rate. If at least two such quotations are provided, the rate for such LIBOR Determination Date will be the arithmetic mean of the quotations. If fewer than two quotations are provided as requested, the rate for such LIBOR Determination Date will be the arithmetic mean of the rates quoted by four major banks in New York City, selected by the Trustee, at approximately 11:00 a.m., New York City time, on the LIBOR Determination Date for loans in United States dollars to leading European banks for a period equal to one month (commencing on the first day of such Interest Accrual Period).

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Fingerhut Receivables Inc), Pooling and Servicing Agreement (Fingerhut Receivables Inc)

Determination of LIBOR. (a) "LIBOR" shall mean, as of any On each LIBOR Determination Date, the offered Trustee shall determine LIBOR on the basis of the rate for deposits in United States dollars for one month (commencing on the first day of a period equal to the relevant Interest Accrual PeriodPeriod (except that, for the purpose of determining LIBOR, the initial Interest Period shall be one month) which appears on Telerate Page 3750 as of 11:00 A.M.a.m., London time, on the LIBOR Determination Date for such Interest Accrual Perioddate. If such rate does not appear on Telerate Page 3750, the rate for such that LIBOR Determination Date will shall be determined on the basis of the rates at which deposits in the United States dollars are offered by the Reference Banks at approximately 11:00 a.m., London time, on such LIBOR Determination Date that day to prime banks in the London interbank market for a period equal to one month (commencing on the first day of the relevant Interest Accrual Period). The Trustee will shall request the principal London office of each such bank of the Reference Banks to provide a quotation of its rate. If at least two such quotations are provided, the rate for such that LIBOR Determination Date will shall be the arithmetic mean of the quotations. If fewer than two quotations are provided as requested, the rate for such that LIBOR Determination Date will be the arithmetic mean of the rates quoted by four major banks in New York City, selected by the TrusteeServicer, at approximately 11:00 a.m., New York City time, on the LIBOR Determination Date that day for loans in United States dollars to leading European banks for a period equal to one month the relevant Interest Period. (commencing on b) The Trustee shall provide the first day Class A Certificate Rate and the Class B Certificate Rate applicable to the then current and immediately preceding Interest Periods to any Inves tor Certificateholder requesting such information by telephoning the Trustee at the telephone number which is currently (000) 000-0000. (c) On each LIBOR Determination Date prior to 12:00 noon New York City time, the Trustee shall send to the Servicer by facsimile notification of such LIBOR for the following Interest Accrual Period).

Appears in 1 contract

Samples: Supplement to Pooling and Servicing Agreement (Chase Manhattan Bank Usa)

Determination of LIBOR. (a) "LIBOR" shall mean, as of any LIBOR Determination Datefor a ---------------------- specific Interest Accrual Period (other than the initial Interest Accrual Period), the offered rate for deposits in United States dollars for one month (commencing on the first day of the relevant Interest Accrual Period) which appears on Telerate Page 3750 as of 11:00 A.M.a.m., London time, on the LIBOR Determination Date for such Interest Accrual Period. If such rate does not appear on Telerate Page 3750, the rate for such LIBOR Determination Date Interest Accrual Period will be determined on the basis of the rates at which deposits in the United States dollars are offered by the Reference Banks at approximately 11:00 a.m., London time, on such LIBOR Determination Date to prime banks in the London interbank market for a period equal to one month (commencing on the first day of the relevant Interest Accrual Period). The Trustee will request the principal London office of each such bank to provide a quotation of its rate. If at least two such quotations are provided, the rate for such LIBOR Determination Date Interest Accrual Period will be the arithmetic mean of the quotations. If fewer than two quotations are provided as requested, the rate for such LIBOR Determination Date Interest Accrual Period will be the arithmetic mean of the rates quoted by four major banks in New York City, selected by the Trustee, at approximately 11:00 a.m., New York City time, on the LIBOR Determination Date first day of such Interest Accrual Period for loans in United States dollars to leading European banks for a period equal to one month (commencing on the first day of such Interest Accrual Period).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Peoples Bank Credit Card Master Trust)

Determination of LIBOR. (a) "LIBOR" shall mean, as of any On each LIBOR Determination Date, the offered Indenture Trustee shall determine LIBOR on the basis of the rate for deposits in United States dollars for one a one-month (commencing on the first day of the relevant Interest Accrual Period) period which appears on Telerate Page 3750 as of 11:00 A.M.a.m., London time, on the LIBOR Determination Date for such Interest Accrual Perioddate. If such rate does not appear on Telerate Page 3750, the rate for such that LIBOR Determination Date will shall be determined on the basis of the rates at which deposits in the United States dollars are offered by the Reference Banks at approximately 11:00 a.m., London time, on such LIBOR Determination Date that day to prime banks in the London interbank market for a period equal to one one-month (commencing on the first day of the relevant Interest Accrual Period)period. The Indenture Trustee will shall request the principal London office of each such bank of the Reference Banks to provide a quotation of its rate. If at least two (2) such quotations are provided, the rate for such that LIBOR Determination Date will shall be the arithmetic mean of the quotations. If fewer than two (2) quotations are provided as requested, the rate for such that LIBOR Determination Date will be the arithmetic mean of the rates quoted by four major banks in New York City, selected by the TrusteeServicer, at approximately 11:00 a.m., New York City time, on the LIBOR Determination Date that day for loans in United States dollars to leading European banks for a period equal one-month period. (b) The Class A Note Interest Rate, Class B Note Interest Rate and Class C Note Interest Rate applicable to one month the then current and the immediately preceding Interest Periods may be obtained by telephoning the Indenture Trustee at its corporate trust office at (commencing on 212) 000-0000 xx such other telephone number as shall be designated by the first day Indenture Trustee for such purpose by prior written notice by the Indenture Trustee to each Series 2000-_ Noteholder from time to time. (c) On each LIBOR Determination Date, the Indenture Trustee shall send to the Transferor by facsimile transmission, notification of such LIBOR for the following Interest Accrual Period).]

Appears in 1 contract

Samples: Indenture Supplement (Associates Credit Card Receivables Corp)

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Determination of LIBOR. (a) "LIBOR" shall mean, as of any On each LIBOR Determination Date, the offered Trustee shall determine LIBOR on the basis of the rate for deposits in United States dollars for one a one-month (commencing on the first day of the relevant Interest Accrual Period) period which appears on Telerate Page 3750 or on such comparable system as is customarily used to quote LIBOR as of 11:00 A.M.a.m., London time, on the LIBOR Determination Date for such Interest Accrual Perioddate. If such rate does not appear on Telerate Page 37503750 or on such comparable system as is customarily used to quote LIBOR, the rate for such that LIBOR Determination Date will shall be determined on the basis of the rates at which deposits in the United States dollars are offered by the Reference Banks at approximately 11:00 a.m., London time, on such LIBOR Determination Date that day to prime banks in the London interbank market for a period equal to one one-month (commencing on the first day of the relevant Interest Accrual Period)period. The Trustee will shall request the principal London office of each such bank of the Reference Banks to provide a quotation of its rate. If at least two such quotations are provided, the rate for such that LIBOR Determination Date will be the arithmetic mean of the quotations. If fewer than two quotations are provided as requested, the rate for such that LIBOR Determination Date will be the arithmetic mean of the rates quoted by four major banks in New York City, selected by the Trustee, Servicer at approximately 11:00 a.m., New York City time, on the LIBOR Determination Date that day for loans in United States dollars to leading European banks for a period equal one-month-period (b) The Class A Certificate Rate applicable to one month the then current and the immediately preceding Interest Accrual Periods may be obtained by any Class A Certificateholder by telephoning the Trustee at (commencing on 612) 667-2484. (x) Xx xxxx LIBOR Determination Date, the first day Trustee shall send to the Servicer by facsimile notification of such LIBOR for the following Interest Accrual Period).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Target Receivables Corp)

Determination of LIBOR. (a) "LIBOR" shall mean, as of any LIBOR Determination Date, The Trustee will determine the interest rate for each Interest Period by determining the London interbank offered rate (“LIBOR”) for deposits in United States dollars U.S. Dollars for one month a period of three months (commencing on the first day of the relevant Interest Accrual Period“Three Month Index Maturity”) which appears on Telerate Page 3750 as of 11:00 A.M.a.m., London time, on the day that is two London Banking Days preceding that Interest Period (“LIBOR Determination Date for such Interest Accrual PeriodDate”). If such rate does not appear on Telerate Page 37503750 on the related LIBOR Determination Date, the rate for such LIBOR Determination Date that Interest Period will be determined as if the parties had specified “USD-LIBOR-Reference Banks” as the applicable rate. “USD-LIBOR-Reference Banks” means that the interest rate for an Interest Period will be determined on the basis of the rates at which deposits in the United States dollars U.S. Dollars are offered by the Reference Banks at approximately 11:00 a.m., London time, on such the related LIBOR Determination Date to prime banks in the London interbank market for a period equal to one month (the Three Month Index Maturity commencing on the first day beginning of the relevant that Interest Accrual Period)Period and in a Representative Amount. The Trustee will request the principal London office of each such bank of the Reference Banks to provide a quotation of its rate. If at least two such quotations are provided, the rate for such LIBOR Determination Date that Interest Period will be the arithmetic mean of the quotations. If fewer than two quotations are provided as requested, the rate for such LIBOR Determination Date that Interest Period will be the arithmetic mean of the rates quoted by four major banks in New York City, selected by the Trustee, at approximately 11:00 a.m., New York City time, on the LIBOR Determination Date beginning of that Interest Period for loans in United States dollars U.S. Dollars to leading European banks for the Three Month Index Maturity commencing at the beginning of that Interest Period and in a period equal to one month (commencing on the first day of such Interest Accrual Period)Representative Amount.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Ares Capital Corp)

Determination of LIBOR. (a) "LIBOR" shall mean, as of any On each LIBOR Determination Date, the offered Trustee shall determine LIBOR on the basis of the rate for deposits in United States dollars for one month (commencing on the first day of a period equal to the relevant Interest Accrual PeriodPeriod (except that, for the purpose of determining LIBOR, the initial Interest Period shall be one month) which appears on Telerate Page 3750 as of 11:00 A.M.a.m., London time, on the LIBOR Determination Date for such Interest Accrual Perioddate. If such rate does not appear on Telerate Page 3750, the rate for such that LIBOR Determination Date will shall be determined on the basis of the rates at which deposits in the United States dollars are offered by the Reference Banks at approximately 11:00 a.m., London time, on such LIBOR Determination Date that day to prime banks in the London interbank market for a period equal to one month (commencing on the first day of the relevant Interest Accrual Period). The Trustee will shall request the principal London office of each such bank of the Reference Banks to provide a quotation of its rate. If at least two such quotations are provided, the rate for such that LIBOR Determination Date will shall be the arithmetic mean of the quotations. If fewer than two quotations are provided as requested, the rate for such that LIBOR Determination Date will be the arithmetic mean of the rates quoted by four major banks in New York City, selected by the TrusteeServicer, at approximately 11:00 a.m., New York City time, on the LIBOR Determination Date that day for loans in United States dollars to leading European banks for a period equal to one month the relevant Interest Period. (commencing on b) The Trustee shall provide the first day Class A Certificate Rate applicable to the then current and immediately preceding Interest Periods to any Investor Certificateholder requesting such information by telephoning the Trustee at the telephone number which is currently (212) XXX-XXXX. (c) On each LIBOR Determination Date prior to 12:00 noon New York City time, the Trustee shall send to the Servicer by facsimile notification of such LIBOR for the following Interest Accrual Period).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Dillard Asset Funding Co)

Determination of LIBOR. (a) "LIBOR" shall mean, as of any LIBOR Determination Datefor a specific Interest Accrual Period, the offered rate for deposits in United States dollars for one month (commencing on the first day of the relevant Interest Accrual Period) which appears on Telerate Page 3750 as of 11:00 A.M., London time, on the LIBOR Determination Date for such Interest Accrual Period. If such rate does not appear on Telerate Page 3750, the rate for such LIBOR Determination Date Interest Accrual Period will be determined on the basis of the rates at which deposits in the United States dollars are offered by the Reference Banks at approximately 11:00 a.m., London time, on such LIBOR Determination Date to prime banks in the London interbank market for a period equal to one month (commencing on the first day of the relevant Interest Accrual Period). The Trustee will request the principal London office of each such bank to provide a quotation of its rate. If at least two such quotations are provided, the rate for such LIBOR Determination Date Interest Accrual Period will be the arithmetic mean of the quotations. If fewer than two quotations are provided as requested, the rate for such LIBOR Determination Date Interest Accrual Period will be the arithmetic mean of the rates quoted by four major banks in New York City, selected by the Trustee, at approximately 11:00 a.m., New York City time, on the LIBOR Determination Date for loans in United States dollars to leading European banks for a period equal to one month (commencing on the first day of such Interest Accrual Period).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Companies Inc)

Determination of LIBOR. (a) "LIBOR" shall mean, as of any On each LIBOR Determination Date, Trustee will determine LIBOR on the offered basis of the rate for deposits in United States dollars for one month a period equal to the relevant Distribution Period (commencing on the first day of the relevant Interest Accrual such Distribution Period) which appears on Telerate Page 3750 as of 11:00 A.M.a.m., London time, on the LIBOR Determination Date for such Interest Accrual Perioddate. If such rate does not appear on Telerate Page 3750, the rate for such that LIBOR Determination Date will be determined on the basis of the rates at which deposits in the United States dollars are offered by the Reference Banks at approximately 11:00 a.m., London time, on such LIBOR Determination Date that day to prime banks in the London interbank market for a period equal to one month the relevant Distribution Period (commencing on the first day of the relevant Interest Accrual such Distribution Period). The Trustee will request the principal London office of each such bank of the Reference Banks to provide a quotation of its rate. If at least two such quotations are provided, the rate for such that LIBOR Determination Date will be the arithmetic mean of the quotations. If fewer than two quotations are provided as requested, the rate for such that LIBOR Determination Date will be the arithmetic mean of the rates quoted by four major banks in New York City, selected by the TrusteeServicer, at approximately 11:00 a.m., New York City time, on the LIBOR Determination Date that day for loans in United States dollars to leading European banks for a period equal to one month the relevant Distribution Period (commencing on the first day of such Interest Accrual Distribution Period). (b) The Class A Certificate Rate and Class B Certificate Rate applicable to the then current and the immediately preceding Distribution Periods may be obtained by any Investor Holder by telephoning Trustee at its Corporate Trust Office at (000) 000-0000. (c) On each LIBOR Determination Date prior to 12:00 noon New York City time, Trustee shall send to Servicer by facsimile, notification of LIBOR for the following Distribution Period.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (World Financial Network National Bank)

Determination of LIBOR. (a) "LIBOR" shall mean, as of any LIBOR Determination Datefor a specific Interest Accrual Period, the offered rate for deposits in United States dollars for one month (commencing on the first day of the relevant rele- vant Interest Accrual Period) which appears on Telerate Page 3750 as of 11:00 A.M., London time, on the LIBOR Determination Date for such Interest Accrual Period. If such rate does not appear on Telerate Page 3750, the rate for such LIBOR Determination Date Interest Accrual Period will be determined on the basis of the rates at which deposits in the United Unit- ed States dollars are offered by the Reference Banks at approximately 11:00 a.m., London time, on such LIBOR Determination Date to prime banks in the London interbank inter- bank market for a period equal to one month (commencing on the first day of the relevant Interest Accrual Period). The Trustee will request the principal London office of each such bank to provide a quotation of its rate. If at least two such quotations are provided, the rate for such LIBOR Determination Date Interest Accrual Period will be the arithmetic mean of the quotations. If fewer than two quotations are provided as requested, the rate for such LIBOR Determination Date Interest Accru- al Period will be the arithmetic mean of the rates quoted quot- ed by four major banks in New York City, selected by the Trustee, at approximately 11:00 a.m., New York City time, on the LIBOR Determination Date for loans in United Unit- ed States dollars to leading European banks for a period equal to one month (commencing on the first day of such Interest Accrual Period).

Appears in 1 contract

Samples: Series Supplement (Metris Companies Inc)

Determination of LIBOR. (a) "LIBOR" shall mean, as of any LIBOR Determination Date, the offered rate for deposits in United States dollars for one month (commencing on the first day of the relevant Interest Accrual Period) which appears on Telerate Page 3750 as of 11:00 A.M., London time, on the LIBOR Determination Date for such Interest Accrual Period. If such rate does not appear on Telerate Page 3750, the rate for such LIBOR Determination Date will be determined on the basis of the rates at which deposits in the United States dollars are offered by the Reference Banks at approximately 11:00 a.m., London time, on such LIBOR Determination Date to prime banks in the London interbank market for a period equal to one month (commencing on the first day of the relevant Interest Accrual Period). The Trustee will request the principal London office of each such bank to provide a quotation of its rate. If at least two such quotations are provided, the rate for such LIBOR Determination Date will be the arithmetic mean of the quotations. If fewer than two quotations are provided as requested, the rate for such LIBOR Determination Date will be the arithmetic mean of the rates quoted by four major banks in New York City, selected by the Trustee, at approximately 11:00 a.m., New York City time, on the LIBOR Determination Date for loans in United States dollars to leading European banks for a period equal to one month (commencing on the first day of such Interest Accrual Period).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Receivables Inc)

Determination of LIBOR. (a) "LIBOR" shall mean, as of any On each LIBOR Determination Date, the offered Trustee shall determine LIBOR on the basis of the rate for deposits in United States dollars for one a one-month period (commencing on the first day of the relevant Interest Accrual Period) which appears on Telerate Page 3750 as of 11:00 A.M., a.m. London time, time on the such LIBOR Determination Date for such Interest Accrual PeriodDate. If such rate does not appear on Telerate Page 3750, the rate LIBOR for such LIBOR Determination Date will Interest Period shall be determined on the basis of the rates at which deposits in the United States dollars are offered by the Reference Banks at approximately 11:00 a.m., London time, on such LIBOR Determination Date to prime banks in the London interbank market for a one-month period equal to one month (commencing on the first day of the relevant Interest Accrual Period). The Trustee will shall request the principal London office of each such bank to provide a quotation of its rate. If at least two such quotations are provided, the rate for such that LIBOR Determination Date will shall be the arithmetic mean of the quotations. If fewer than two quotations are provided as requested, the rate for such that LIBOR Determination Date will shall be the arithmetic mean of the rates quoted by four major banks in New York City, selected by the TrusteeServicer, at approximately 11:00 a.m., New York City time, on the LIBOR Determination Date that day for loans in United States dollars to leading European banks for a one-month period equal to one month (commencing on the first day of such the relevant Interest Accrual Period). (b) The Class A Certificate Rate applicable to the then current and the immediately preceding Interest Periods may be obtained by any Certificateholder by telephoning the Trustee at its Corporate Trust Office at (000) 000-0000. (c) On each LIBOR Determination Date, the Trustee shall send to the Servicer by facsimile notification of LIBOR for the following Interest Period.

Appears in 1 contract

Samples: Series Supplement (American Express Receivables Financing Corp)

Determination of LIBOR. (a) "LIBOR" shall mean, as of any LIBOR Determination Date, the offered rate for deposits in United States dollars for one [one] month (commencing on the first day of the relevant Interest Accrual Period) which appears on Telerate Page 3750 as of 11:00 A.M., London time, on the LIBOR Determination Date for such Interest Accrual Period. If such rate does not appear on Telerate Page 3750, the rate for such LIBOR Determination Date will be determined on the basis of the rates at which deposits in the United States dollars are offered by the Reference Banks at approximately 11:00 a.m., London time, on such LIBOR Determination Date to prime banks in the London interbank market for a period equal to one [one] month (commencing on the first day of the relevant Interest Accrual Period). The Trustee will request the principal London office of each such bank to provide a quotation of its rate. If at least two such quotations are provided, the rate for such LIBOR Determination Date will be the arithmetic mean of the quotations. If fewer than two quotations are provided as requested, the rate for such LIBOR Determination Date will be the arithmetic mean of the rates quoted by four major banks in New York City, selected by the Trustee, at approximately 11:00 a.m., New York City time, on the LIBOR Determination Date for loans in United States dollars to leading European banks for a period equal to one [one] month (commencing on the first day of such Interest Accrual Period).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Master Trust)

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