Applicable LIBOR Rate means, (a) for Auction Periods of 35 days or less, One-Month LIBOR, (b) for Auction Periods of more than 35 days but less than 91 days, Three-Month LIBOR, (c) for Auction Periods of more than 90 days but less than 181 days, Six-Month LIBOR, and (d) for Auction Periods of more than 180 days, One-Year LIBOR.
Applicable LIBOR Rate means, for any Applicable Interest Period, the rate per annum, determined by Agent (rounded upwards, if necessary, to the next 1/100th%), equal to the greater of (a) the Applicable Floor and (b) the Libor Rate Index.
Applicable LIBOR Rate means the rate determined in accordance with the following provisions:
Examples of Applicable LIBOR Rate in a sentence
Time Event By 9:30 a.m. Auction Agent advises the Indenture Trustee and the Broker-Dealers of the Maximum Rate, the Net Loan Rate, the All Hold Rate, and the Applicable LIBOR Rate to be used in determining the Auction Rate under the Auction Procedures and the Auction Agent Agreement.
TIME EVENT By 9:00 a.m. Market Agent provides Auction Agent with the Applicable LIBOR Rate and the United States Treasury Security Rate.
TIME EVENT By 9:00 a.m. Auction Agent obtains One-Month LIBOR By 10:30 a.m. Auction Agent advises the Broker-Dealers of the applicable All-Hold Rate, the Net Loan Rate, the Applicable LIBOR Rate and the applicable Maximum Rate, as set forth in Section 2.03(b)(i) of the Auction Agency Agreement.
LIBOR Based Rate - The LIBOR Rate plus the Applicable LIBOR Rate Margin.
By 9:30 a.m. Auction Agent notifies the Trustee and the Broker-Dealers of the Net Loan Rate, the All Hold Rate and the Maximum Auction Rate and the Applicable LIBOR Rate and the United States Treasury Security Rate used in determining such rates, as set forth in Section 2.02(a) hereof.
More Definitions of Applicable LIBOR Rate
Applicable LIBOR Rate means the sum of (a) the LIBOR Rate PLUS (b) the LIBOR Rate Margin, as each is in effect from time to time.
Applicable LIBOR Rate means, with respect to any Loan for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to (a) the Applicable LIBOR Base Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate.
Applicable LIBOR Rate means, with respect to the Auction Rate Notes (a) for Auction Periods of 28 days or less, One-Month LIBOR; (b) for Auction Periods of more than 28 days but less than 91 days, Three-Month LIBOR; (c) for Auction Periods of more than 90 days but less than 181 days, Six-Month LIBOR; and (d) for Auction Periods of more than 180 days, One-Year LIBOR. As used in this definition and otherwise herein, the terms "One-Month LIBOR," "Three-Month LIBOR," "Six-Month LIBOR" or "One-Year LIBOR" mean the rate of interest per annum equal to the rate per annum at which United States dollar deposits having a maturity of one month, three months, six months or one year, respectively, are offered to prime banks in the London interbank market which appear on the Reuters Screen LIBOR Page as of approximately 11:00 a.m., London time, on the Interest Rate Determination Date. If at least two such quotations appear, One-Month LIBOR, Three-Month LIBOR, Six-Month LIBOR or One-Year LIBOR, respectively, will be the arithmetic mean (rounded upwards, if necessary, to the nearest one hundredth of one percent) of such offered rates. If fewer than two such quotes appear, One-Month LIBOR, Three-Month LIBOR, Six-Month LIBOR or One-Year LIBOR, respectively, with respect to such Auction Period will be determined at approximately 11:00 a.m., London time, on such Interest Rate Determination Date on the basis of the rate at which deposits in United States dollars having a maturity of one month, three months, six months or one year, respectively, are offered to prime banks in the London interbank market by four major banks in the London interbank market selected by the Auction Agent or the Indenture Trustee, as applicable, and in a principal amount of not less than U.S. $1,000,000 and that is representative for a single transaction in such market at such time. The Auction Agent or the Indenture Trustee, as applicable, will request the principal London office of each of such banks to provide a quotation of its rate. If at least two quotations are provided, One-Month LIBOR, Three-Month LIBOR, Six-Month LIBOR or One-Year LIBOR, respectively, will be the arithmetic mean (rounded upwards, if necessary, to the nearest one hundredth of one percent) of such offered rates. If fewer than two quotations are provided, One-Month LIBOR, Three-Month LIBOR, Six-Month LIBOR or One-Year LIBOR, respectively, with respect to such Auction Period will be the arithmetic mean (rounded upwards, if necessary, to the nearest on...
Applicable LIBOR Rate means the rate of interest equal to the sum of: (a) one and eight-tenths percent (1.80%) plus (b) LIBOR.
Applicable LIBOR Rate means for each interest period with respect to the Notes, the rate determined by the Issuers (written notice of such rate to be sent to the Trustee on the date of determination thereof) equal to the greater of (a) 4.0% or (b) the applicable British Bankers’ Association LIBOR rate for deposits in U.S. dollars for a period of six months as reported by any generally recognized financial information service as of 11:00 a.m. (London time) two Business Days prior to the first day of such interest period; provided, that, if no such British Bankers’ Association LIBOR rate is available to the Issuers, the Applicable LIBOR Rate for the relevant interest period shall instead be the rate at which Xxxxxxx, Xxxxx & Co. or one of its affiliate banks offers to place deposits in U.S. dollars with first-class banks in the London interbank market for a period of six months as of approximately 11:00 a.m. (London time) two Business Days prior to the first day of such interest period, in amounts equal to $1.0 million. If such rate is not available at such time for any reason, then the Applicable LIBOR Rate for the relevant interest period shall be equal to that for the prior interest period.
Applicable LIBOR Rate means the percentage as calculated in Section 2.4.1(b).
Applicable LIBOR Rate means as of any Payment Date, the LIBOR Rate plus two and fifty hundredths percent (2.50%) per annum."