GBP-LIBOR-BBA definition
GBP-LIBOR-BBA means that the rate for a Reset Date will be the rate for deposits in Sterling for a period of the Designated Maturity which appears on the Reuters Screen LIBOR01 Page as of 11:00 hours, London time, on that Reset Date.
GBP-LIBOR-BBA means all tenors of the GBP Pound Sterling ICE LIBOR. ICE LIBOR is a benchmark currently administered by ICE Benchmark Administration and provides an indication of the average rate at which a contributor bank can obtain unsecured funding in the London interbank market for a given period, in a given currency.
GBP-LIBOR-BBA means that the rate for a Reset Date will be the rate for deposits in Sterling for a period of the Designated Maturity which appears on the relevant page of the Reuters Screen as of 11:00 a.m., London time on that Reset Date. If such rate does not appear on the relevant page of the Reuters Screen, the rate for that Reset Date will be determined as if the parties had specified “GBP-LIBOR-Reference Banks” as the applicable Floating Rate Option.
Examples of GBP-LIBOR-BBA in a sentence
Party A Floating Rate Option: Prior to the occurrence of a Sterling LIBOR Cessation Event, GBP-LIBOR-BBA.
Floating Rate Option: Where the relevant Reference Obligation is denominated in (i) USD, USD-LIBOR-BBA, (ii) Euro, EUR-EURIBOR-Reuters, (iii) GBP, GBP-LIBOR-BBA, or (iv) CAD, CAD-BA-CDOR.
The "Interest Rate" in relation to each Eligible Currency specified below will be: Eligible Currency Interest Rate GBP For an Interest Period, GBP-LIBOR-BBA which means the reference rate equal to the rate of interest for one month deposits in Sterling which appears on the Reuters Screen LIBOR01 Page as of 11:00 a.m., London time on the first day of the Interest Period, minus 0.10 per cent.
More Definitions of GBP-LIBOR-BBA
GBP-LIBOR-BBA means all tenors of the GBP Pound Sterling ICE LIBOR. ICE LIBOR is a benchmark administered by ICE Benchmark Administration providing an indication of the average
GBP-LIBOR-BBA means that the rate for the relevant date of determination will be the rate for deposits in GBP for a period of the Designated Maturity which appears on Reuters service display page LIBOR01 or any Successor Source as of 11:00 a.m., London time, on such date. If such rate does not appear on such display page or Successor Source, the rate for the relevant date of determination will be determined by reference to the arithmetic mean of the deposit rates in GBP offered as of 11:00 a.m., London time, on such date, by at least four banks in the London interbank market, as selected by Party A in good faith and in a commercially reasonable manner, to prime banks in the London interbank market for a period equal to the Designated Maturity.
GBP-LIBOR-BBA means the rate which appears on display page 3750 on Telerate Rate Monitor (or such other page as may replace that page on that service), or such other service as may be nominated as the information vendor, for the purposes of displaying rates for deposits in Sterling.
GBP-LIBOR-BBA means that the rate for a Reset Date will be Sterling LIBOR for a period of the Designated Maturity which appears on the Reuters Screen LIBOR01 Page at 11:55 a.m., London time (which reflects publication as of 11:00 a.m., London time) (or any amended publication time as specified by the Sterling LIBOR benchmark administrator in the Sterling LIBOR benchmark methodology), on that Reset Date.
GBP-LIBOR-BBA means that the rate for an Interest Determination Date will be the rate for deposits in Sterling for a period of the Designated Maturity which appears on the Telerate Page 3750 as of 11:00 a.m., London time, on that Interest Determination Date. If such rate does not appear on the Telerate Page 3750, the rate for that Interest Determination Date will be determined on the basis of the rates at which deposits in Sterling are offered by the Reference Banks at approximately 11:00 a.m., London time, on that Interest Determination Date to prime banks in the London interbank market for a period of the Designated Maturity commencing on that Interest Determination Date and in a Representative Amount. The Calculation Agent will request the principal London office of each of the Reference Banks to provide a quotation of its rate. If at least two quotations are provided, the rate for that Interest Determination Date will be the arithmetic mean of the quotations. If fewer than two quotations are provided as requested, the rate for that Interest Determination Date will be the arithmetic mean of the rates quoted by major banks in London, selected by the Calculation Agent, at approximately 11:00 a.m., London time, on that Interest Determination Date for loans in Sterling to leading European banks for a period of the Designated Maturity commencing on that Interest Determination Date and in a Representative Amount;