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Common use of LIBOR Clause in Contracts

LIBOR. With respect to any Distribution Date, the arithmetic mean of the London interbank offered rate quotations for one-month U.S. Dollar deposits, expressed on a per annum basis, determined in accordance with Section 1.02.

Appears in 12 contracts

Samples: Pooling and Servicing Agreement (RASC Series 2005-Ks4 Trust), Pooling and Servicing Agreement (RALI Series 2006-Qo5 Trust), Pooling and Servicing Agreement (RASC Series 2005-Ks5 Trust)

LIBOR. With respect to any Distribution Date, the arithmetic mean of the London interbank offered rate quotations for one-month U.S. Dollar deposits, expressed on a per annum basis, determined in accordance with Section 1.021.03.

Appears in 9 contracts

Samples: Pooling and Servicing Agreement (Phoenix Residential Securities, LLC), Master Servicing Agreement (Phoenix Residential Securities, LLC), Pooling and Servicing Agreement (RALI Series 2006-Qs12 Trust)

LIBOR. With respect to any Distribution Date, the arithmetic mean of the London interbank offered rate quotations for one-month U.S. Dollar deposits, expressed on a per annum basis, determined in accordance with Section 1.021.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (RAMP Series 2005-Rs7 Trust), Pooling and Servicing Agreement (Residential Asset Securities Corp), Pooling and Servicing Agreement (RASC Series 2004-Ks10 Trust)

LIBOR. With respect to any Distribution Date, the arithmetic mean of the London interbank offered rate quotations for one-month U.S. Dollar United States dollar deposits, expressed determined on a per annum basis, determined the preceding LIBOR Rate Adjustment Date as set forth in accordance with Section 1.021.02 hereof.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Phoenix Residential Securities, LLC), Pooling and Servicing Agreement (Phoenix Residential Securities, LLC)