90-Day LIBOR Rate definition

90-Day LIBOR Rate means, as of any date on which such 90-Day LIBOR Rate is to be determined, the rate for 90-day deposits of United States Dollars that appears as of 11:00 a.m., London time, on the display of the Dow Jones Telerate Service (or any successor service), for the purpose ▇▇ ▇▇dicating the London interbank rates of major banks for United States Dollars. If more than one such rate appears on such service, the 90-Day LIBOR Rate shall be the arithmetic mean of such rates.
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90-Day LIBOR Rate means, as of any interest payment date on which such 90-Day LIBOR Rate is to be determined, the rate for 90-day deposits of United States Dollars that appears as of 11:00 a.m., London time, on the display of the Dow Jones Telerate Service (or any successor service), for the purpose of indicating the London interbank rates of major banks for United States Dollars. If more than one such rate appears on such service, the 90-Day LIBOR Rate shall be the arithmetic mean of such rates.
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90-Day LIBOR Rate means, as applicable to each respective 90-Day LIBOR Rate Interest Period, a per annum rate of interest equal to the quotient obtained (stated as an annual percentage rate rounded upward to the next higher 100th of 1%) by dividing (A) the London Interbank Offered Rate (“LIBOR”) for a period of three (3) months as determined by Bank from Telerate (or such other source as Bank may select if such a rate index is not available from Telerate), by (B) 1.00 minus any Reserve Requirement for the 90-Day LIBOR Rate Interest Period (expressed as a decimal).
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Examples of 90-Day LIBOR Rate in a sentence

  • A Borrower’s Representative may from time to time deliver to Agent (i) a 60-Day LIBOR Rate Notice, in which case the outstanding principal balance of the Term Notes shall bear interest at the applicable 60-Day Adjusted LIBOR Rate during the applicable 60-Day LIBOR Rate Interest Period, or (ii) a 90-Day LIBOR Rate Notice, in which case the outstanding principal balance of the Term Notes shall bear interest at the applicable 90-Day Adjusted LIBOR Rate during the applicable 90-Day LIBOR Rate Interest Period.

  • Interest on the Term Loan shall be calculated as follows: During the entire term of the Term Notes, except during any applicable 60-Day LIBOR Rate Interest Period or 90-Day LIBOR Rate Interest Period, the outstanding principal balance of the Term Notes shall bear interest at the applicable 30-Day Adjusted LIBOR Rate for each applicable 30-Day LIBOR Rate Interest Period.

  • Interest on the Revolving Loan shall be calculated as follows: During the entire term of the Revolving Notes, except during any applicable 60-Day LIBOR Rate Interest Period or 90-Day LIBOR Rate Interest Period, the outstanding principal balance of the Revolving Notes shall bear interest at the applicable 30-Day Adjusted LIBOR Rate for each applicable 30-Day LIBOR Rate Interest Period.


More Definitions of 90-Day LIBOR Rate

90-Day LIBOR Rate means, as applicable to each respective 90-Day LIBOR Rate Interest Period, a per annum rate of interest equal to LIBOR for a period of three (3) months as determined by Bank from Reuters (or such other source as Bank may select if such a rate index is not available from Reuters).
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90-Day LIBOR Rate means a fixed rate of interest equal to the LIBOR Rate for a ninety (90) day Interest Period.
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