IBO Rate has the meaning specified in the definition of "Offshore Rate".
IBO Rate means for any Interest Period with respect to an IBOR Bid Loan or Offshore Rate Committed Loan, the rate of interest per annum determined by the Agent as the rate of interest at which dollar deposits in the approximate amount of, in the case of IBOR Bid Loans, the IBOR Bid Loans to be borrowed in such Bid Loan Borrowing, and, in the case of Offshore Rate Committed Loans, the Offshore Rate Committed Loan to be made by BofA, and having a maturity comparable to such Interest Period, would be offered by BofA's Grand Cayman Branch, Grand Cayman B.W.I., to major banks in the offshore dollar interbank market upon request of such banks at approximately 11:00 a.m. (New York City time) two Business Days prior to the commencement of such Interest Period. The Offshore Rate shall be adjusted automatically as of the effective date of any change in the Eurodollar Reserve Percentage.
IBO Rate means, with respect to each date during each Interest Period pertaining to a Eurocurrency Borrowing (other than an Interest Period of 14 days), the rate appearing on page 3740 or 3750, as the case may be, of the Dow Jonex Xxxkets (or on any successor or substitute page, or on any page of any successor to or substitute for Dow Jonex Xxxkets, providing rate quotations comparable to those currently provided on such page, as determined by the Administrative Agent from time to time for purposes of providing quotations of interest rates applicable to deposits in Dollars or the applicable Foreign Currency in the London interbank market) or if any such currency does not appear on either such page (or any such successor or substitute page, or page of any successor to as substitute for Dow Jonex Xxxkets), such additional page of the Dow Jonex Xxxkets upon which such currency appears, as agreed between the Administrative Agent and the Company from time to time, at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period, as the rate for deposits in Dollars or the applicable Foreign Currency approximately equal in principal amount to such Eurocurrency Borrowing and with a maturity equal to such Interest Period. In the event that such rate is not available at such time for any reason and in the case of any Interest Period of 14 days, then the "IBO Rate" with respect to such Eurocurrency Borrowing for such Interest Period shall be the rate (rounded to the nearest 1/16 of 1% or, if there is no nearest 1/16 of 1%, the next higher 1/16 of 1%) at which deposits in Dollars or the applicable Foreign Currency approximately equal in principal amount to such Eurocurrency Borrowing and with a maturity equal to such Interest Period are offered in immediately available funds to the Administrative Agent by leading banks in the London interbank market at approximately 11:00 a.m., London time (or as soon thereafter as possible), two Business Days prior to the commencement of such Interest Period.
Examples of IBO Rate in a sentence
Subject to subsection 2.14(c), each Bid Loan shall bear interest on the outstanding principal amount thereof from the relevant Borrowing Date at a rate per annum equal to the IBO Rate plus (or minus, as the case may be) the IBOR Bid Margin, or at the Absolute Rate, as the case may be.
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Each Swingline Loan shall be subject to all the terms and conditions applicable to other IBOR Loans funded by the Lenders, except that all payments thereon shall be payable to the relevant Swingline Lender solely for its own account and that interest shall be calculated by reference to the Overnight IBO Rate.
More Definitions of IBO Rate
IBO Rate means, relative to any IBOR Loan Interest Period for any IBOR Loan, the per annum rate (reserve adjusted) as published on the applicable Banking Business Day in "Telerate System Reports" by the British Bankers Association for interest settlement rates relating to London Interbank Offerings as of 11:00 a.m., London, England time, two (2) Banking Business Days prior to the beginning of the applicable IBOR Loan Interest Period for delivery on the first day of such IBOR Loan Interest Period, for the number of months comprised therein and in a minimum amount and multiples as set forth in this Credit Agreement to which rate shall be added the Applicable Margin.
IBO Rate means, with respect to any Eurodollar Borrowing for any -------- Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next higher 1/100th of 1%) equal to the interest rate at which dollar deposits of $5,000,000 and for a maturity comparable to such Interest Period are offered in immediately available funds to the U.S. Administrative Agent at the Eurodollar lending offices where its foreign currency and exchange operations and Eurodollar funding operations are customarily conducted in the international interbank market at approximately 10:00 a.m., New York City time, two Business Days prior to the commencement of such Interest Period. In the event that such rate is not available at such time for any reason, then the "IBO 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 Eurodollar lending offices where the U.S. Administrative Agent's foreign currency and exchange operations and Eurodollar funding operations are customarily conducted in the international interbank market at approximately 11:00 a.m., New York City time, two Business Days prior to the commencement of such Interest Period.
IBO Rate means, relative to the Interest Period for each Eurodollar Rate Loan comprising all or any part of the same Borrowing, the rate of interest determined by the Administrative Agent to be (rounded upwards, if necessary, to the nearest 1/100 of 1%) the rate per annum at which deposits in Dollars in immediately available funds are offered to the Administrative Agent’s Eurodollar Office in the interbank Eurodollar market as at or about 11:00 a.m., Chicago time, two (2) Business Days prior to the beginning of such Interest Period, for delivery on the first day of such Interest Period, in an amount approximately equal or comparable to the amount of Bank of America’s Eurodollar Rate Loan comprising part of such Borrowing and for a period equal to such Interest Period.
IBO Rate means, relative to the Interest Period for each Eurodollar -------- Rate Loan comprising all or any part of the same Borrowing, the rate of interest determined by the Administrative Agent to be (rounded upwards, if necessary, to the nearest 1/100 of 1%) the rate per annum at which deposits in Dollars in immediately available funds are offered to the Administrative Agent's Eurodollar Office in the interbank Eurodollar market as at or about 11:00 a.m., Chicago time, two (2) Business Days prior to the beginning of such Interest Period, for delivery on the first day of such Interest Period, in an amount approximately equal or comparable to the amount of Bank of America's Eurodollar Rate Loan comprising part of such Borrowing and for a period equal to such Interest Period.
IBO Rate means, with respect to each date during each Interest Period pertaining to a Eurodollar Borrowing (other than an Interest Period of 14 days), the rate appearing on page 3750 of the Dow Jonex Xxxkets (or on any successor or substitute page, or any page of any successor to or substitute for Dow Jonex Xxxkets, providing rate quotations comparable to those currently provided on such page, as determined by the Administrative Agent from time to time for purposes of providing quotations of interest rates applicable to deposits in Dollars 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 deposits in Dollars approximately equal in principal amount to such Eurodollar Borrowing and with a maturity equal to such Interest Period. In the event that such rate is not available at such time for any reason, and in the case of an Interest Period of 14 days, then the "IBO Rate" with respect to such Eurodollar Borrowing for such Interest Period shall be the rate (rounded to the nearest 1/16 of 1% or, if there is no nearest 1/16 of 1%, the next higher 1/16 of 1%) at which deposits in Dollars approximately equal in principal amount to such Eurodollar Borrowing and with a maturity equal to such Interest Period are offered in immediately available funds to the Administrative Agent by leading banks in the London interbank market at approximately 11:00 a.m., London time (or as soon thereafter as possible), two Business Days prior to the commencement of such Interest Period.
IBO Rate means, with respect to any Eurodollar Borrowing for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next higher 1/100th of 1%) equal to the interest rate at which dollar deposits of $5,000,000 and for a maturity comparable to such Interest Period are offered in immediately available funds to the U.S. Administrative Agent at the Eurodollar lending offices where its foreign currency and exchange operations and Eurodollar funding operations are customarily conducted in the international interbank market at approximately 12:00 noon, New York City time, two Business Days prior to the commencement of such Interest Period. In the event that such rate is not available at such time for any reason, then the “IBO 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 Eurodollar lending offices where the U.S. Administrative Agent’s foreign currency and exchange operations and Eurodollar funding operations are customarily conducted in the international interbank market at approximately 11:00 a.m., New York City time, two Business Days prior to the commencement of such Interest Period.
IBO Rate means an interest rate per annum equal to (i) with respect to any IBOR Loan in Sterling, Euros or Dollars for any applicable Interest Period, the London interbank offered rate administered by ICE Benchmark Administration Limited (or any other Person that takes over the administration of such rate for Sterling, Euros or Dollars), (ii) with respect to any IBOR Loan in Danish Krone for any applicable Interest Period, Copenhagen interbank offered rate administered by the Danish Bankers’ Association (or any other Person that takes over the administration of that rate for Danish Krone), (iii) with respect to any IBOR Loan in Norwegian Krone for any applicable Interest Period, Norwegian interbank offered rate administered by the Finance Norway (or any other Person that takes over the administration of that rate for Norwegian Krone), (iv) with respect to any IBOR Loan in Swedish Krona for any applicable Interest Period, Stockholm interbank offered rate administered by the Swedish Bankers’ Association (or any other Person that takes over the administration of that rate for Swedish Krone) and, (v) with respect to any IBOR Loan in Swiss Francs for any applicable Interest Period, the London interbank offered rate administered by ICE Benchmark Administration Limited (or any other Person that takes over the administration of such rate for Swiss Francs), in each case for a period equal in length to such Interest Period as displayed on the relevant Reuters screen or, in the event such rate does not appear on a Reuters page or screen, on any successor or substitute page on such screen that displays such rate, or on the appropriate page of such other information service that publishes such rate as shall be selected by the Administrative Agent from time to time (the “Screen Rate”) at approximately 11:00 a.m., London time, two (2) Business Days (or the same Business Day for Sterling) prior to the commencement of such Interest Period; provided that, if the Screen Rate for an Approved Currency shall not be available at such time for a period equal in length to such Interest Period (an “Impacted Interest Period”), then the IBO Rate for that Approved Currency shall be the Interpolated Rate at such time, subject to Section 2.10 in the event that the Administrative Agent shall conclude that it shall not be possible to determine such Interpolated Rate (which conclusion shall be conclusive and binding absent manifest error) provided that, if any IBO Rate or Interpolated Rate shall be...