European Interbank Market definition

European Interbank Market means the European interbank market for Euro operating in Participating Member States.
Sample 1Sample 2Sample 3
European Interbank Market means the interbank market for Euros operating in Participating Member States; “Event of Default” means any of the events listed in Clause 22.1; “Facility” means the amount of up to Thirteen million Three hundred thousand Euros (€13,300,000) to be made available in up to two (2) Tranches to the Borrowers by the Banks pursuant to the terms of Clauses 2 and 3 or if the context may so require so much thereof as shall for the time being be outstanding to the Banks hereunder; “Final Availability Date” means 30th October 2007 (or such later date as the Agent may agree with the authorisation of the Banks);
Sample 1
European Interbank Market means the European interbank market for Euro operating in Participating Member States. Default.”
Sample 1

Examples of European Interbank Market in a sentence

  • If no such quotation is available, EURIBOR will be the rate per annum for deposits in euro determined to be equal to the arithmetic mean (rounded upwards to four decimal places) of the six month rates at which at least three banks who generally provided quotes on Telerate page 248 when quotations were last available thereon was offering to prime banks in the European Interbank Market deposits in euro and for the specified period at or about 11:00 am on the relevant rate fixing day.

  • We demonstrated the accuracy and interactivity of these models, by evaluating PRETENDER on multiple firmware samples across different hardware platforms.

  • As a first step towards understanding the mechanisms of direct contagion, the ESRB has analysed the structure and resilience of the European Interbank Market (Alves et al., 2013).

  • The Portland Water Bureau (PWB) seeks to obtain bulk dense sodium carbonate (soda ash) deliveries to its Lusted Hill Treatment Facility at 6704 SE Cottrell Road, Gresham, OR 97080.

  • For the purpose of this agreement, the European Interbank Market Interest Rate (EURIBOR) is understood to mean the European interest rate for one year deposits of an amount equal or similar to the capital pending repayment to Bank by Borrower, published on the REUTERS EURIBOR 01 SCREEN AT ELEVEN O'CLOCK IN THE MORNING (11:00 A.M.) MADRID TIME, as of the date on which each successive Interest Period commences.

  • Any interest, commission or fee accruing under a Finance Document shall accrue from day to day and is calculated on the basis of the actual number of days elapsed and a year of 360 days or, in any case where the practice in the European Interbank Market differs, in accordance with that market practice.

  • To define this rate, the European Bank Federation (EBF) considers the interest rate verified in the European Interbank Market transactions by a se- lected group of banks (Rodriguez-Lopez et al., 2021) and calculates the average for different time horizons: a week, a month, and 3, 6 and 12 months.

  • Any interest, commission or fee accruing under a Finance Document will accrue from day to day and is calculated on the basis of the actual number of days elapsed and a year of 360 days or, in any case where the practice in the European Interbank Market differs, in accordance with that market practice.

  • For purposes of calculating amounts payable by a Borrower to the Lenders under this Section 3.05, each Lender shall be deemed to have funded each Loan made by it at EURIBOR for such Loan by a matching deposit or other borrowing in the European Interbank Market for a comparable amount and for a comparable period, whether or not such Loan was in fact so funded.

Related to European Interbank Market

  • Relevant Interbank Market means, in relation to euro, the European interbank market and, in relation to any other currency, the London interbank market.

  • London Interbank Offered Rate has the meaning set forth in Section 2.07(b).

  • Interbank Offered Rate means, for any Eurodollar Loan for any Interest Period therefor, the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) appearing on Reuters Screen LIBO Page as the London interbank offered rate for deposits in Dollars at approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period for a term comparable to such Interest Period; provided, however, if more than one rate is specified on Reuters Screen LIBO Page, the applicable rate shall be the arithmetic mean of all such rates (rounded upwards, if necessary, to the nearest 1/100 of 1%).

  • Adjusted London Interbank Offered Rate applicable to any Interest Period means a rate per annum equal to the quotient obtained (rounded upward, if necessary, to the next higher 1/100 of 1%) by dividing (i) the applicable London Interbank Offered Rate by (ii) 1.00 minus the Euro-Dollar Reserve Percentage.

  • Interbank Rate means, for any period, (a) in respect of Loans denominated in Dollars, the Federal Funds Effective Rate and (b) in respect of Loans denominated in any other currency, the Agent’s cost of funds for such currency (as reasonably determined by the Agent) for such period.

  • Index Currency means USD.

  • London Stock Exchange means London Stock Exchange plc;

  • LIBOR Currency means the currency specified on the face hereof as to which LIBOR shall be calculated or, if no currency is specified on the face hereof, United States dollars. “LIBOR Page”

  • Designated LIBOR Currency means the currency specified on the face hereof as to which LIBOR shall be calculated or, if no such currency is specified on the face hereof, United States dollars.

  • London Banking Day means any day on which dealings in Dollar deposits are conducted by and between banks in the London interbank eurodollar market.

  • the London Stock Exchange means London Stock Exchange plc;

  • Eurozone means the countries and territories listed in the Annex of Council Regulation (EC) No. 974/98 of 3 May 1998 on the introduction of the Euro, in its current version.

  • Banking Day Financial Centre means the Banking Day Financial Centre as specified in § 1 of the Product and Underlying Data.

  • London Inter-Bank Offered Rate means the interest rate at which the Bank's London Branch, London, Great Britain, would offer U.S. dollar deposits for the applicable interest period to other major banks in the London inter-bank market at approximately 11:00 a.m. London time two (2) London Banking Days before the commencement of the interest period. A "London Banking Day" is a day on which the Bank's London Branch is open for business and dealing in offshore dollars.

  • Australian Dollar means the lawful currency of Australia.

  • Eurodollar Market means a regular established market located outside the United States of America by and among banks for the solicitation, offer and acceptance of Dollar deposits in such banks.

  • Applicable Currency means, as to any particular payment or Loan, Dollars or the Offshore Currency in which it is denominated or is payable.

  • Canadian Dollar means the lawful currency of Canada.

  • Japanese Yen means the lawful currency of Japan.

  • Hong Kong Dollar means the lawful currency of Hong Kong.

  • London Business Day Any day on which dealings in deposits of United States dollars are transacted in the London interbank market.

  • Canadian-U.S. Exchange Rate means, on any date, the inverse of the U.S. - Canadian Exchange Rate in effect on such date;

  • Quote Currency means the second currency in the Currency Pair which can be bought or sold by the Client for the Base Currency.

  • British Pounds Sterling means the lawful currency of Great Britain.

  • LIBOR Banking Day has the meaning set forth in Section 2.10(b)(1).

  • Available Currency means Dollars, and any other currency as the relevant Borrower, each of the relevant Revolving Credit Lenders or the relevant Term Lenders, as the case may be, and the Administrative Agent may agree to from time to time.