IBOR Base Rate means the interest rate at which the Bank's Grand Cayman Branch, Grand Cayman, British West Indies, would offer U.S. dollar deposits for the applicable interest period to other major banks in the offshore dollar inter-bank market.
IBOR Base Rate means the interest rate at which the Bank's Grand Cayman Banking Center, Grand Cayman, British West Indies, would offer U.S. dollar deposits for the applicable interest period to other major banks in the offshore dollar inter-bank market.
IBOR Base Rate means, for the IBOR Period for any IBOR -------------- Borrowing, the rate of interest per annum (determined solely by the Agent and rounded upward to the next 1/100 of 1%) at which BofA's Grand Cayman Branch, Grand Cayman, British West Indies (or such other office as may be designated for such purpose by BofA), would offer U.S. dollar deposits in the approximate amount of BofA's Pro Rata Share of such IBOR Borrowing and for periods comparable to those of the applicable IBOR Period to major banks in the offshore U.S. dollar inter-bank market. The determination of the IBOR Base Rate by the Agent shall be conclusive in the absence of manifest error.
Examples of IBOR Base Rate in a sentence
Determination of amounts payable under this Section 3.5 shall be calculated as though Lender funded its IBOR Rate Loans through the purchase of a deposit of the type and maturity corresponding to the IBOR Rate Loan and applicable Interest Rate Period bearing interest at the IBOR Base Rate, whether or not Lender actually funded the Loan in that manner.
Determination of amounts payable under this SECTION 2.4.5 shall be calculated as though each Lender funded its IBOR Rate Loans through the purchase of a deposit of the type and maturity corresponding to the IBOR Rate Loan and applicable Interest Rate Period bearing interest at the IBOR Base Rate whether or not the Lender actually funded the Revolving Loan in that manner.
Determination of amounts payable under this SECTION 3.5 shall be calculated as though Lender funded its IBOR Rate Loans through the purchase of a deposit of the type and maturity corresponding to the IBOR Rate Loan and applicable Interest Rate Period bearing interest at the IBOR Base Rate, whether or not Lender actually funded the Loan in that manner.
More Definitions of IBOR Base Rate
IBOR Base Rate means, with respect to each Interest Rate Period for a IBOR Rate Loan, the rate per annum at which Dollar deposits are offered to the IBOR Office of BAI two (2) Banking Days prior to the beginning of such Interest Rate Period by major banks in the interbank eurodollar market as at or about the relevant local time of such IBOR Office, for delivery on the first day of such Interest Rate Period, for the number of days comprised therein and in an amount equal to the amount of the IBOR Rate Loan to be outstanding during such Interest Rate Period. As used herein, "relevant local time" as to any IBOR Office means 11:00 a.m., London time, when such IBOR Office is located in Europe or the Middle East, and 10:00 a.m., Chicago time, when such IBOR Office is located in North America or the Caribbean.
IBOR Base Rate means the interest rate at which the Bank of America’s Grand Cayman Banking Center, Grand Cayman, British West Indies, would offer
IBOR Base Rate means, as applicable to each LIBOR Rate Loan, the rate per annum (rounded upwards, if necessary, to the next higher 1/32nd of 1%) as determined on the basis of the offered rates for deposits in Dollars, for a period of time comparable to the Interest Period applicable to such LIBOR Rate Loan, which appears on the Telerate page 3750 as of 11:00 a.m. London time on the day that is two (2) LIBOR Business Days prior to the first day of the Interest Period applicable to such LIBOR Rate Loan; PROVIDED, HOWEVER, if the rate described above does not appear on the Telerate System on any applicable interest determination date, the IBOR Base Rate shall be the rate (rounded upwards, if necessary, to the next higher 1/32nd of 1%) for deposits in Dollars for a period substantially equal to the Interest Period applicable to such LIBOR Rate Loan on the Reuters Page "LIBO" (or such other page as may replace the LIBO Page on that service for the purpose of displaying such rates), as of 11:00 a.m. London time on the day that is two (2) LIBOR Business Days prior to the first day of the Interest Period applicable to such LIBOR Rate Loan.
IBOR Base Rate means (i) with respect to each Interest Rate Period for any IBOR Rate Loan, the rate per annum at which U.S. Dollar deposits in immediately available funds are offered to the IBOR Office of Lender two (2) Banking Days prior to the beginning of such Interest Rate Period by major banks in the interbank eurodollar market at or about 10:00 a.m., Chicago time, for delivery on the first day of such Interest Rate Period, for the number of days comprised therein and in an amount equal to the amount of the IBOR Rate Loan to be outstanding during such Interest Rate Period.
IBOR Base Rate has the meaning set forth in the definition of IBOR Rate.
IBOR Base Rate means the interest rate at which the Bank's Grand Cayman Branch, Grand Cayman, British West Indies, would offer U.S. dollar deposits for the applicable interest period to other major banks in the offshore dollar inter-bank market. (ii) "Reserve Percentage" means the total of the maximum reserve percentages for determining the reserves to be maintained by member banks of the Federal Reserve System for Eurocurrency Liabilities, as defined in Federal Reserve Board Regulation D, rounded upward to the nearest 1/100 of one percent. The percentage will be expressed as a decimal, and will include, but not be limited to, marginal, emergency, supplemental, special, and other reserve percentages.