Adjusted FIBO Rate definition
Adjusted FIBO Rate means, with respect to each Interest Period for a Eurocurrency Advance, the rate obtained by dividing (A) FIBOR for such Interest Period by (B) a percentage equal to 1 MINUS the then stated maximum rate (stated as a decimal) of all reserves requirements, if any, applicable to the Currency Lender in respect of such liabilities.
Examples of Adjusted FIBO Rate in a sentence
The Currency Lender, upon determining the Adjusted FIBO Rate for any Interest Period, shall promptly notify by telephone (confirmed in writing) or in writing Intermet and the Agent.