Floating LIBOR Rate definition

Floating LIBOR Rate means, on any date the same is to be determined, the rate per annum equal to LIBOR or a comparable or successor rate if LIBOR is no longer available, which rate is approved by the Administrative Agent, as published on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time), for deposits in the relevant currency with a term of one (1) month commencing that day; provided that, if the Floating LIBOR Rate shall be less than zero (0), such rate shall be deemed to be zero (0) for purposes of this Credit Agreement.
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Floating LIBOR Rate means a rate per annum determined by the Administrative Agent pursuant to the following formula: Floating LIBOR Rate = Floating LIBOR Base Rate
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Floating LIBOR Rate means, for any day, the fluctuating rate of interest equal to the one month rate of interest (rounded upwards, if necessary to the nearest 1/100 of 1%) appearing on Telerate Page 3750 (or any successor page) as the one month London interbank offered rate for deposits in U.S. dollars at approximately 11:00 a.m. (London time) on such day, as adjusted
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Examples of Floating LIBOR Rate in a sentence

  • The Swing Line Lender at any time in its sole discretion may request, on behalf of the Borrower (which hereby irrevocably requests and authorizes the Swing Line Lender to so request on its behalf), that each Lender make a Base Rate Loan or a Daily Floating LIBOR Rate Loan, as applicable, in an amount equal to such Lender’s Applicable Percentage of the amount of Swing Line Loans then outstanding.

  • Each such Committed Loan Notice must be received by the Administrative Agent not later than 2:00 p.m. (i) three Business Days prior to the requested date of any Borrowing of, conversion to or continuation of Eurodollar Rate Loans, (ii) on the requested date of any Borrowing of or conversion to Base Rate Committed Loans, and (iii) one Business Day prior to the requested date of any Borrowing of or conversion to Daily Floating LIBOR Rate Loans.

  • The determination of the Eurodollar Rate and the Daily Floating LIBOR Rate, as applicable, by the Administrative Agent shall be conclusive absent manifest error.

  • Daily Floating LIBOR Rate Loans shall automatically continue each day as Daily Floating LIBOR Rate Loans unless and until the Borrower delivers a timely notice requesting a conversion of such Daily Floating LIBOR Rate Loans to another Type of Loan.

  • During the existence of a Default, no Loans may be requested as, converted to or continued as Eurodollar Rate Loans or Daily Floating LIBOR Rate Loans without the consent of the Required Lenders.


More Definitions of Floating LIBOR Rate

Floating LIBOR Rate means, for any day, a per annum interest rate which is equal to the quotient of the following:
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Floating LIBOR Rate means, on any date the same is to be determined, the rate per annum equal to LIBOR, at or about 11:00 a.m., London time determined two Business Days prior to such date for deposits in the relevant currency with a term of one month commencing that day.
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Floating LIBOR Rate means a fluctuating rate of interest set on the first Business Day of each month equal to one (1) month London Interbank Offered Rate as published in the “Money Rates” section of the Wall Street Journal (expressed as a decimal and rounded upward if the number shown in the last decimal place is 5 or greater) adjusted from time to time in the sole discretion of the Administrative Agent for then applicable reserve requirements, deposit insurance assessment rates and other regulatory costs.
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Floating LIBOR Rate means a rate per annum determined by the Administrative Agent pursuant to the following formula:
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Floating LIBOR Rate means a fluctuating rate of interest set on the first Business Day of each month
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Floating LIBOR Rate means for any day, the rate for one month Dollar deposits as reported on Telerate page 3750 as of 11:00 a.m., London time, on such day, or if such day is not a LIBOR Business Day, then the immediately preceding LIBOR Business Day (or if not so reported, then as determined by Bank from another recognized source or interbank quotation).
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Floating LIBOR Rate means, for any Floating LIBOR Rate Balance, the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) appearing on Telerate Page 3750 (or any successor page) as the London interbank offered rate for overnight deposits (or the shortest term quoted therefore) in Dollars at approximately 11:00 a.m. (London time) on the day on which any Floating LIBOR Rate Balance is outstanding. If for any reason such rate is not available, the term "Floating LIBOR Rate" shall mean, the rate per annum (rounded upwards, if necessary, to the nearest
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