Inter-Bank Offered Rate definition

Inter-Bank Offered Rate means a percentage equal to the rate specified in Exhibit A;

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Inter-Bank Offered Rate means a percentage equal to the rate specified in Exhibit A; “Interest Rate” means a percentage equal to the Inter-Bank Offered Rate specified in Exhibit A plus one point five percent (1.5%) p.a.; “Legal Requirements” means all applicable federal, state and local laws, regulations, rules, ordinances, codes, standards and rules of common law; "Liability" includes all and any claims, liabilities, costs, damages, expenses, fines and penalties; “Long Term SUMF” has the meaning given to this term in Article 4; “Loss or Damage” means any loss, damage or injury of whatever nature, including without limitation, personal injury, disease and death; “Maintenance Capital” means the cost of acquiring intangible assets and PPE by purchase, construction or other means. In order for an item to be qualified as Maintenance Capital, criteria include: ◦ item will be installed permanently (not removed after a specific use). ◦ item will last longer than 1 year. ◦ meets or exceeds the "Capitalization Threshold" which is USD 50,000. For clarity, just meeting Capital Threshold alone is not a sufficient criterion for capitalization. ◦ replacements and renewals of assets: Costs incurred in the replacement or renewal of an existing asset in its entirety are capitalized. Parts of an asset may require replacement. To meet the capital criteria, partial replacement must carry a clear and measurable future economic benefit in that there is expected to be a material increase in the asset’s useful economic life or functionality/performance (for example, capacity, throughput/output or reduction in running cost). ◦ spare parts, spare capacity and stand-by equipment: are usually carried as inventory and charged to P&L when consumed. However, there are the following exceptions:

Inter-Bank Offered Rate means the rate of interest per annum determined by the Agent to be the arithmetic mean (rounded upward to the next higher 1/100th of 1%) of the rates of interest per annum determined by the Agent as the rate of interest at which Dollar deposits, or in the case of Eurocurrency Loans denominated in an Alternative Currency, the relevant Alternative Currency, in the approximate amount of the amount of the Loan to be made or continued as, or converted into, an Eurocurrency Loan and having a maturity comparable to such Interest Period would be offered to major banks in the Eurocurrency interbank market in which Agent regularly participates at approximately 11:00 a.m. (London time) two Business Days prior to the commencement of such Interest Period. The Eurocurrency Rate shall be adjusted automatically as to all Eurocurrency Loans then outstanding as of the effective date of any change in the Eurodollar Reserve Percentage.

Examples of Inter-Bank Offered Rate in a sentence

In addition, unless otherwise expressly provided in the Contract, the arbitral tribunal shall have no authority to award interest in excess of the London Inter-Bank Offered Rate (“LIBOR”) then prevailing, and any such interest shall be simple interest only.
In addition, unless otherwise expressly provided in the Agreement, the arbitral tribunal shall have no authority to award interest in excess of the London Inter-Bank Offered Rate (“LIBOR”) then prevailing, and any such interest shall be simple interest only.
The three-month London InterBank Offered Rate as published in the Wall Street Journal on the first Business Day of the month of any Remittance Date.
The arbitral tribunal shall have no authority to award punitive damages or, unless otherwise expressly provided in this Contract, to award interest in which case such interest shall not be in excess of the London Inter-Bank Offered Rate (“LIBOR”) then prevailing, and any such interest shall be simple interest only.
In addition, the arbitral tribunal shall have no authority to award interest in excess of the London Inter-Bank Offered Rate (LIBOR) then prevailing and any such interest shall be simple interest only.
The Trustees further agree to pay to the Administrator interest from day-to-day, both before and after any judgment, calculated at the rate of two percent (2%) above the one month London Inter-Bank Offered Rate (LIBOR) from time to time from the due date for payment until actual payment on any payment overdue for more than 30 calendar days (notwithstanding that the Administrator may not have made a demand for payment of any overdue payment).
The compensation shall be made in convertible currency without delay and shall include interest at the commercial rate or the London Inter-Bank Offered Rate (LIBOR) from the date of expropriation to the date of payment, and shall be freely transferable and effectively realisable.paragraph 1 of this Article shall be computed on the basis of the market value of the investment immediately before the expropriation or impending expropriation became public knowledge, whichever is earlier.
The compensation shall be made in convertible currency without delay and shall include interest at the commercial rate or the London Inter-Bank Offered Rate (LIBOR) from the date of expropriation to the date of payment, and shall be freely transferable and effectively realisable.
The arbitral tribunal shall have no authority to award punitive damages, nor to award interest in excess of the London Inter-Bank Offered Rate (“LIBOR”) then prevailing, and any such interest shall be simple interest only.
In addition, unless otherwise expressly provided in the Individual Contract, the arbitral tribunal shall have no authority to award interest in excess of the London Inter-Bank Offered Rate (“LIBOR”) then prevailing, and any such interest shall be simple interest only.

More Definitions of Inter-Bank Offered Rate

Inter-Bank Offered Rate means a percentage equal to the rate specified in Exhibit A.

Inter-Bank Offered Rate applicable to any Eurocurrency Loan for any Interest Period means the rate of interest determined by the Agent to be the prevailing rate per annum at which deposits in Dollars, or in the case of any Eurocurrency Loan denominated in an Alternative Currency, the relevant Alternative Currency, are offered to the Agent by first-class banks in the interbank Eurocurrency market in which it regularly participates on or about 11:00 a.m. (London time) two Business Days before the first day of such Interest Period in an amount approximately equal to the principal amount of the Eurocurrency Loan to which such Interest Period is to apply for a period of time approximately equal to such Interest Period.