Base LIBO Rate means the rate per annum, determined by Lender in accordance with its customary procedures, and utilizing such electronic or other quotation sources as it considers appropriate (rounded upwards, if necessary, to the next 1/16%), on the basis of the rates at which Dollar deposits are offered to major banks in the London interbank market on or about 1:00 p.m. (Boston, Massachusetts time) two Business Days prior to the commencement of the applicable Interest Period, for a term and in amounts comparable to the Interest Period and amount of the LIBO Rate Loan requested by a Borrower in accordance with this Agreement, which determination shall be conclusive in the absence of manifest error.
Base LIBO Rate means, during any Interest Period, the rate of interest per annum (rounded upward to the nearest whole multiple of 1/16 of 1.0%, if such rate is not such a multiple) equal to the rate of interest notified to the Agent by the Reference Bank at which Dollar deposits in the approximate amount of the Loans to be made or continued as, or converted into, LIBOR Loans for such Interest Period and having a maturity comparable to such Interest Period would be offered by the London lending office of the Reference Bank in the London interbank market at approximately 11:00 a.m. (London time) two (2) Business Days prior to the commencement of such Interest Period.
Base LIBO Rate means the rate per annum for United States dollar deposits quoted by the Agent as the Interbank Market Offered Rate, with the understanding that such rate is quoted by the Agent for the purpose of calculating effective rates of interest for loans making reference thereto, on the first day of an Interest Period for delivery of funds on said date for a period of time approximately equal to the number of days in such Interest Period and in an amount approximately equal to the principal amount to which such Interest Period applies. The Borrower understands and agrees that the Agent may base its quotation of the Interbank Market Offered Rate upon such offers or other market indicators of the Interbank Market as the Agent in its discretion deems appropriate including, but not limited to, the rate offered for U.S. dollar deposits on the London Interbank Market.
Examples of Base LIBO Rate in a sentence
It had been raised with Inspiring Healthy Lifestyles (IHL) to actively promote the complaints procedure.
Any amount not reimbursed on the date of such payment or disbursement shall bear interest from the date of such payment or disbursement to the date that the Issuing Lender is reimbursed by the Company therefor, payable on demand, at a rate per annum equal to the Base LIBO Rate from time to time in effect plus 1.75%.
Any amount not reimbursed on the date of such payment or disbursement shall bear interest from the date of such payment or disbursement to the date that the Issuing Lender is reimbursed by the Company therefor, payable on demand, at a rate per annum equal to the Base LIBO Rate from time to time in effect plus 2% plus, beginning on the third Business Day after receipt of notice from the Issuing Lender of such payment or disbursement, 2%.
The Base LIBO Rate and Adjusted LIBO Rate for each Interest Period shall be set on each LIBOR Determination Date preceding such Interest Period.
Any amount not reimbursed on the date of such payment or disbursement shall bear interest from the date of such payment or disbursement to the date that the Issuing Lender is reimbursed by the Company therefor, payable on demand, at a rate per annum equal to the Base LIBO Rate from time to time in effect plus 2.6%.
More Definitions of Base LIBO Rate
Base LIBO Rate means, with respect to an Interest Period, the rate of interest per annum (rounded to the next highest one-hundredths of one percent) at which U.S. dollar deposits are offered to the Holder by prime banks in the London interbank Eurodollar market for amounts in immediately available funds approximately equal to the Principal Balance with maturities equal to such Interest Period, at approximately 11:00 a.m. (New York City time) on the day that is two Business Days prior to the first day of such Interest Period.
Base LIBO Rate means a rate of interest equal to the per annum rate of interest at which United States dollar deposits in an amount comparable to the principal balance of the LIBO Rate Funding to be made by the Agent in its capacity as a Lender and for a period equal to the relevant Interest Period are offered in the London interbank market at 11:00 a.m. (London time) two Business Days prior to the commencement of each Interest Period, as displayed in the Bloomberg Financial Markets system, or other authoritative source selected by the Agent in its reasonable discretion.
Base LIBO Rate for any Interest Period (or portion thereof for which a Purchaser initially funds an investment in the Series 2002-A Notes other than by issuing Commercial Paper) with respect to the Series 2002-A Notes shall mean an interest rate per annum equal to:
Base LIBO Rate for any Interest Period (or portion thereof for which an Owner initially funds an investment in the Series 2000-A Notes other than by issuing Commercial Paper) with respect to the Series 2000-A Notes, shall mean an interest rate per annum equal to the rate of interest equal to either (as determined by the Agent) (i) the arithmetic mean of the offered rates for deposits in U.S. Dollars for a period of one month (or such lesser period of time as determined by the Agent to be appropriate in the event that the LIBO Rate is to be determined for a portion of an Interest Period) (the “Period”), commencing on the second London Banking Day immediately preceding the first day of such Period, which appear on the Reuters Screen LIBO Page as of approximately 11:00 a.m., London time, if at least two such offered rates appear on the Reuters Screen LIBO Page (“LIBOR Reuters”), or (ii) the rate for deposits in U.S. dollars having, the Period designated commencing on the second London Banking Day immediately preceding the first day of such Period which appears on the Telerate Page 3750 as of 11:00 a.m., London time (“LIBOR Telerate”). “Reuters Screen LIBO Page” means the display designated as page “LIBO” on the Reuters Monitor Money Rate Service (or such other page as may replace the LIBO page on that service for the purpose of displaying London interbank offered rates of major banks), and “Telerate Page 3750” means the display designated as page “3750” on the Telerate Service (or such page as may replace the 3750 page on that service or such other service or services as may be nominated by the British Bankers’ Association for the purpose of displaying London interbank offered rates for U.S. dollar deposits. If fewer than two offered rates appear on the Reuters Screen LIBO Page, or if no rate appears on the Telerate Page 3750, as applicable, the Base LIBO Rate in respect of that LIBOR Determination Date will be determined as if the parties had specified the rate described in the following paragraph (b) below. “LIBOR Determination Date” means the second London Banking Day immediately preceding the first day of the related Period. With respect to a day on which fewer than two offered rates appear on the Reuters Screen LIBO Page, as specified in (i) above, or if no rate appears on Telerate Page 3750 as specified in (ii) above, as applicable, the Base LIBO Rate will be determined at approximately 11:00 a.m., London time, on such day on the basis of the rates at which deposits i...
Base LIBO Rate means, with respect to each day during each -------------- Interest Period pertaining to a LIBOR Loan, the rate per annum determined by the Administrative Agent to be the arithmetic mean (rounded to the nearest 1/100th of 1%) of the offered rates for deposits in Dollars with a term comparable to such Interest Period that appears on the Telerate British Bankers Assoc. Interest Settlement Rates Page (as defined below) at approximately 11:00 A.M., London time, on the second full Business Day preceding the first day of such Interest Period; provided, however, that if there shall at any time no longer exists a Telerate British Bankers Assoc. Interest Settlement Rates Page, "Base LIBO Rate" shall mean, with respect to each day during each Interest Period pertaining to a LIBOR Loan, the rate per annum equal to the rate at which CIBC is offered Dollar deposits at or about 10:00 A.M., New York City time, two Business Days prior to the beginning of such Interest Period in the interbank eurodollar market where the eurodollar and foreign currency and exchange operations in respect of its LIBOR Loans are then being conducted for delivery on the first day of such Interest Period for the number of days comprised therein and in an amount comparable to the amount of its LIBOR Loan to be outstanding during such Interest Period. "Telerate British Bankers Assoc. Interest Settlement Rates Page" shall mean SECOND PRIORITY LOAN AGREEMENT ------------------------------ the display designated as Page 3750 on the Telerate System Incorporates Service (or such other page as may replace such page on such service for the purpose of displaying the rates at which Dollar deposits are offered by leading banks in the London interbank deposit market).
Base LIBO Rate means, with respect to each day during each Interest Period pertaining to a LIBOR Loan, the rate per annum equal to the rate at which CIBC is offered Dollar deposits at or about 10:00 A.M., New York City time, two Business Days prior to the beginning of such Interest Period in the interbank eurodollar market where the eurodollar and foreign currency and exchange operations in respect of its LIBOR Loans are then being conducted for delivery on the first day of such Interest Period for the number of days comprised therein and in an amount comparable to the amount of its LIBOR Loan to be outstanding during such Interest Period. "Telerate British Bankers Assoc. Interest Settlement Rates Page" shall mean SECOND PRIORITY LOAN AGREEMENT ------------------------------ the display designated as Page 3750 on the Telerate System Incorporates Service (or such other page as may replace such page on such service for the purpose of displaying the rates at which Dollar deposits are offered by leading banks in the London interbank deposit market).
Base LIBO Rate. “Fixed LIBO Rate”; “LIBO Rate”;