Examples of Interbank Offered Rate in a sentence
UK Loans in Dollars shall be either Term SOFR Rate Loans or Base Rate Loans and UK Loans made in an Alternative Currency shall be either Daily Simple RFR Loans, Daily Resetting Interbank Offered Rate Loans or Interbank Offered Rate Loans, as applicable.
The London Inter-Bank Offered Rate (“LIBOR”) and the Euro Interbank Offered Rate (“EURIBOR”) are the subject of recent national, international and other regulatory guidance and proposals for reform.
Dutch Loans in Dollars shall be either Term SOFR Rate Loans or Base Rate Loans and Dutch Loans made in an Alternative Currency shall be Interbank Offered Rate Loans, Daily Resetting Interbank Offered Rate Loans or Daily Simple RFR Loans, as applicable.
Each Swing Line Loan made to the UK Borrower shall be made in Euros or Sterling, as requested by the UK Borrower in accordance with Section 2.04(b), and (x) if made in Euros shall bear interest only at the rate applicable to Daily Resetting Interbank Offered Rate Loans and (y) if made in Sterling shall bear interest only at the rate applicable to Daily Simple RFR Loans.
All Swing Line Loans to the UK Borrower or the Dutch Borrower shall be (i) if denominated in Euros, only Daily Resetting Interbank Offered Rate Loans or (ii) if denominated in Sterling, only Daily Simple RFR Loans.