Examples of LIBO Business Day in a sentence

Subject to the notice requirement set forth in Section 5.01(c), the Guarantor may elect to convert the reference for the Applicable Rate from the Base Rate to the LIBO Rate on any LIBO Business Day.
The Guarantor shall select whether the Applicable Rate will be determined by reference to a LIBO Rate or the Base Rate by giving notice of that determination to the Agent not later than (i) in the case of the Base Rate, 10:30 a.m. (New York City time) on the first day of the applicable Base Rate Period, and (ii) in the case of the LIBO Rate on the third (3 rd ) LIBO Business Day before the first day of the applicable LIBO Rate Period.
Not later than 4:00 p.m. (Minneapolis time) on the second LIBO Business Day prior to the date on which such Eurodollar Rate is to become effective, the Agent will notify the Banks and the Borrowers of the interest rate to be applicable thereto.
The terms "Floating Base Rate", "LIBO Rate", "LIBO Business Day" and "LIBO Interest Period" are defined in the Note referred to below.

More Definitions of LIBO Business Day

LIBO Business Day means a day of the year on which dealings are carried on in the London interbank market and banks are open for business in London and not required or authorized to close in New York City. "LIBO Rate" for the period commencing on the date hereof to the first Adjustment Date and for each period commencing on any Adjustment Date to and until the next succeeding Adjustment Date (each, a "LIBO Period") means an interest rate per annum equal to the average (rounded, if necessary, to the next highest 1/16 of 1%) of the rates of interest per annum at which deposits in United States dollars are offered to prime banks in the London interbank market at 11:00 a.m. (London time) two LIBO Business Days before the first day of such LIBO Period (the "Interest Setting Date") for a period equal to such LIBO Period.

LIBO Business Day means, with respect to any Daily LIBO Rate Advance, a day which is both a day on which Huntington is open for business and a day on which dealings in U.S. dollar deposits are carried out in the London interbank market. Subject to any maximum or minimum interest rate limitation specified herein or by applicable law, the rate of interest on every Daily LIBO Rate Advance obtained hereunder shall change automatically without notice to the undersigned immediately with each change in the Daily LIBO Rate.

LIBO Business Day means a day of the year on which dealings are carried on in the London interbank market and banks are open for business in London and are not required or authorized to close in New York City. "Eurodollar Reserve Percentage" for any Fixed Period means the reserve percentage applicable to Citibank during such Fixed Period under regulations issued from time to time by the Board of Governors of the Federal Reserve System (or any successor) (or if more than one such percentage shall be so applicable, the daily average of such percentages for those days in such Fixed Period during which any such percentage shall be so applicable) under regulations issued from time to time by the Board of Governors of the Federal Reserve System (or any successor) for determining the maximum reserve requirement (including, without limitation, any emergency, supplemental or other marginal reserve requirement) for Citibank in respect of liabilities or assets consisting of or including "Eurocurrency liabilities" (as that term is used in Regulation D of the Board of Governors of the Federal Reserve System as in effect from time to time) having a term equal to such Fixed Period.

LIBO Business Day means a day of the year on which dealings in U.S.

LIBO Business Day means a day which is both a day on which the Bank is open for business and a day on which dealings in U.S. dollar deposits are carried out in the London interbank market.

LIBO Business Day means a day other than (a) Saturday, (b) Sunday, or (c) a day on which commercial banks in New York City, United States of America, Chicago, Illinois, U.S., London, England or Mainz, Germany are required by law to close.

LIBO Business Day is defined in Section 2.2.