EURIBOR Return definition

EURIBOR Return. ’ means one month EURIBOR (set on the Valuation Point prior to the commencement of the Interest Accrual Period and subsequently on each Valuation Point preceding a Mid-Month Dealing Day (except the last one) in the relevant Interest Period and calculated in accordance with Condition 5(c) as if each such Valuation Point were an Interest Determination Date, the Primary Source for Floating Rate was Telerate Page 47893, the Benchmark was EURIBOR and the Speci¢ed Duration was one month) during the Interest Period, compounded in the case of Interest Periods of more than one month and calculated by the Administrative Agent on the relevant date; provided however that for EURIBOR Return not calculated as from one Mid-Month Dealing Day to the succeeding Mid-Month Dealing Day, Speci¢ed Duration will be the relevant Interest Accrual Period (and, if such Interest Accrual Period does not correspond to a EURIBOR duration, EURIBOR Return in such cases will be the rate calculated by reference to the linear interpolation of the two relevant EURIBOR rates).
Sample 1Sample 2
EURIBOR Return. ’ means one month EURIBOR (set on the Valuation Point prior to the commencement of the Interest Accrual Period and subsequently on each Valuation Point (except the last one) in the relevant Interest Period and calculated in accordance with Condition 5(c) as if each Valuation Point were an Interest Determination Date, the Primary Source for Floating Rate was Telerate Page 47893, the Benchmark was EURIBOR and the Speci¢ed Duration was one month) during
Sample 1
EURIBOR Return means one month EURIBOR (set two Business Days prior to the commencement of the Interest Accrual Period and subsequently on such second Business Day preceding an Additional Dealing Day (except the last one) in the relevant Interest Period and calculated in accordance with Condition 5(b) as if each such date were an Interest Determination Date, the Primary Source for Floating Rate was “EUR- EURIBOR-Reuters”, the Benchmark was EURIBOR and the Specified Duration was one month) during the Interest Period, compounded in the case of Interest Periods of more than one month and calculated by the Administrative Agent on the relevant date; provided however that for EURIBOR Return not calculated as from one Additional Dealing Day to the succeeding Additional Dealing Day, Specified Duration will be the relevant Interest Accrual Period (and, if such Interest Accrual Period does not correspond to a EURIBOR duration, EURIBOR Return in such cases will be the rate calculated by reference to the linear interpolation of the two relevant EURIBOR rates).EURIBOR Return is the mechanism for providing an Investor Selected Return for the Notes of compounded one month EURIBOR. At 6 p.m. on the second Business Day prior to each Additional Dealing Day one month EURIBOR is calculated for the forthcoming Interest Accrual Period. The monthly EURIBOR calculations are then compounded for the relevant Interest Period. EURIBOR Return therefore serves as a means of incorporating the Screen Rate Determination mechanics (under Condition 5(b)) without the need to replicate the details of these mechanics hereon. In the event of a non-EURIBOR Return floating rate being selected, the Screen Rate Determination provisions are completed in full.
Sample 1

Examples of EURIBOR Return in a sentence

  • Where the Variable Rate represents a synthetic index-linked rate of return generated by derivative and other transactions (the “Underlying Transactions”) that, in combination, are intended to serve as an imperfect proxy for an Index, the Variable Rate will represent the synthetic swap rate of the relevant Index against EURIBOR Return calculated to be the return generated by the Underlying Transactions.

  • Where the Interest Basis is Floating Rate, the Investor Selected Return will be EURIBOR Return and where the Interest Basis is Fixed Rate or Variable Rate, the Fixed Rate or Variable Rate as the case may be will be the swapped equivalent of EURIBOR Return in respect of the Investor Selected Notional for the period to maturity of the Notes (as selected by the Issuer in its absolute discretion).

  • Where the Variable Rate represents a synthetic index-linked rate of return generated by derivative and other transactions (the ‘‘Underlying Transactions’’) that, in combination, are intended to serve as an imperfect proxy for an Index, the Variable Rate will represent the synthetic swap rate of the relevant Index against EURIBOR Return calculated to be the return generated by the Underlying Transactions.

  • Where the Interest Basis is Floating Rate, the Investor Selected Return will be EURIBOR Return and where the Interest Basis is Fixed Rate or Variable Rate, the Fixed Rate or Variable Rate as the case may be will be the swapped equivalent of EURIBOR Return in respect of the Investor Selected Notional for the period to maturity of the Notes and calculated on an appropriate Day Count Fraction (in each case as selected by the Issuer in its absolute discretion).

Related to EURIBOR Return

  • EURIBOR Rate has the meaning specified in the definition of “Eurocurrency Rate”.

  • Adjusted LIBOR Rate means, at any time with respect to any LIBOR Loan, a rate per annum equal to the LIBOR Rate as in effect at such time plus the Applicable Margin Percentage for LIBOR Loans as in effect at such time.

  • Adjusted LIBO Rate means, with respect to any Eurodollar Borrowing for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to (a) the LIBO Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate.

  • Adjusted EURIBO Rate means, with respect to any EURIBOR Borrowing for any Interest Period, an interest rate per annum equal to the sum of (a) the EURIBO Rate for such Interest Period and (b) the Mandatory Costs Rate.

  • Adjusted LIBOR means, for any Borrowing of Eurodollar Loans, a rate per annum determined in accordance with the following formula: Adjusted LIBOR = LIBOR

  • LIBOR Reserve Percentage means the reserve percentage prescribed by the Board of Governors of the Federal Reserve System (or any successor) for “Eurocurrency Liabilities” (as defined in Regulation D of the Federal Reserve Board, as amended), adjusted by Bank for expected changes in such reserve percentage during the applicable term of this Note.

  • Adjusted Eurodollar Rate means for any Interest Period with respect to any Eurodollar Loan, an interest rate per annum (rounded upwards, if necessary, to the next 1/100 of 1.00%) equal to (a) the Eurodollar Rate for such Interest Period multiplied by (b) the Statutory Reserves.

  • LIBO Rate means, with respect to any Eurodollar Borrowing for any Interest Period, the rate appearing on Page 3750 of the Telerate Service (or on any successor or substitute page of such Service, or any successor to or substitute for such Service, providing rate quotations comparable to those currently provided on such page of such Service, as determined by the Administrative Agent from time to time for purposes of providing quotations of interest rates applicable to dollar deposits in the London interbank market) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period, as the rate for dollar deposits with a maturity comparable to such Interest Period. In the event that such rate is not available at such time for any reason, then the "LIBO Rate" with respect to such Eurodollar Borrowing for such Interest Period shall be the rate at which dollar deposits of $5,000,000 and for a maturity comparable to such Interest Period are offered by the principal London office of the Administrative Agent in immediately available funds in the London interbank market at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period.

  • Eurodollar Rate with respect to each day during each Interest Period pertaining to a Eurodollar Loan, a rate per annum determined for such day in accordance with the following formula (rounded upward to the nearest 1/100th of 1%): Eurodollar Base Rate

  • Adjusted Eurocurrency Rate means, for the Interest Period for any Eurocurrency Borrowing, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to (a) the Eurocurrency Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate for such Interest Period.

  • 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.

  • Index Component means those securities, assets or reference values of which the Index is comprised from time to time.

  • Applicable Eurocurrency Margin means, as at any date of determination, the rate per annum then applicable to Eurocurrency Rate Loans determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • EURIBO Rate means, for any Interest Period, the rate appearing on Page 248 of the Moneyline Telerate Service (or on any successor or substitute page of such Service, or any successor to or substitute for such Service, providing rate quotations comparable to those currently provided on such page of such Service, as determined by the Agent from time to time for purposes of providing quotations of interest rates applicable to deposits in Euro by reference to the Banking Federation of the European Union Settlement Rates for deposits in Euro) at approximately 10:00 a.m., London time, two Business Days prior to the commencement of such Interest Period, as the rate for deposits in Euro with a maturity comparable to such Interest Period or, if for any reason such rate is not available, the average (rounded upward to the nearest whole multiple of 1/16 of 1% per annum, if such average is not such a multiple) of the respective rates per annum at which deposits in Euros are offered by the principal office of each of the Reference Banks in London, England to prime banks in the London interbank market at 11:00 A.M. (London time) two Business Days before the first day of such Interest Period in an amount substantially equal (x) in the case of Revolving Credit Borrowings, to such Reference Bank’s Eurocurrency Rate Advance comprising part of such Revolving Credit Borrowing to be outstanding during such Interest Period and for a period equal to such Interest Period (subject, however, to the provisions of Section 2.08(e)) or (y) in the case of Competitive Bid Borrowings, to the amount that would be the Reference Banks’ respective ratable shares of such Borrowing if such Borrowing were to be a Revolving Credit Borrowing to be outstanding during such Interest Period and for a period equal to such Interest Period (subject, however, to the provisions of Section 2.08(e)).

  • Interpolated Rate means, at any time, for any Interest Period, the rate per annum (rounded to the same number of decimal places as the LIBO Screen Rate) determined by the Administrative Agent (which determination shall be conclusive and binding absent manifest error) to be equal to the rate that results from interpolating on a linear basis between: (a) the LIBO Screen Rate for the longest period for which the LIBO Screen Rate is available) that is shorter than the Impacted Interest Period; and (b) the LIBO Screen Rate for the shortest period (for which that LIBO Screen Rate is available) that exceeds the Impacted Interest Period, in each case, at such time.

  • LIBOR-Based Rate means, with respect to each Interest Period, the per annum interest rate equal to the London Interbank Offered Rate which appears on Telerate Page 3750 at approximately 11:00 a.m. (London time) two LIBOR Business Days prior to the first day of such Interest Period for deposits of United States dollars for a period of time comparable to the Interest Period, and in an amount comparable to the principal amount of the Loan, plus 0.35%.

  • Base LIBOR Rate means the rate per annum, determined by Agent 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 11:00 a.m. (California time) 2 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 LIBOR Rate Loan requested by Borrower in accordance with this Agreement, which determination shall be conclusive in the absence of manifest error.

  • EURIBOR means the Euro-zone inter-bank offered rate.

  • Eurocurrency Base Rate has the meaning specified in the definition of Eurocurrency Rate.

  • LIBOR Market Index Rate means, for any day, the rate for one-month U.S. dollar deposits as reported on Telerate Page 3750 as of 11:00 a.m., London time, for such day, provided, if such day is not a LIBOR Business Day, the immediately preceding LIBOR Business Day (or if not so reported, then as determined by the Swingline Lender from another recognized source or interbank quotation).

  • USD-LIBOR-BBA As defined in the Swap Agreement in the Annex to the 2000 ISDA Definitions.

  • Final Index Level : means the Closing Level of the FTSE 100 Index on the Investment End Date.

  • Eurocurrency Rate with respect to each day during each Interest Period pertaining to a Eurocurrency Loan, a rate per annum determined for such day in accordance with the following formula (rounded upward to the nearest 1/100th of 1%): Eurocurrency Base Rate

  • LIBOR Determination Date With respect to any Interest Accrual Period for the LIBOR Certificates, the second London Business Day preceding the commencement of such Interest Accrual Period.

  • LIBOR Quoted Rate means, for any day, the rate per annum equal to the quotient of (i) the rate per annum (rounded upwards, if necessary, to the next higher one hundred-thousandth of a percentage point) for deposits in U.S. Dollars for a one-month interest period which appears on the LIBOR01 Page as of 11:00 a.m. (London, England time) on such day (or, if such day is not a Business Day, on the immediately preceding Business Day) divided by (ii) one (1) minus the Eurodollar Reserve Percentage.