a) "Bank's FLOATING LIBOR RATE" shall be equal to (A) the quotient (rounded up to the nearest 1/16 of 1%) of (1) the Floating Libor Rate Index, divided by (2) an amount equal to one (1) minus the appropriate reserve requirement imposed on Bank by the...Consolidation Promissory Note • February 17th, 1998 • Elcotel Inc • Telephone & telegraph apparatus • Florida
