LIBOR Adjustment Date definition

LIBOR Adjustment Date. With respect to any Payment Date, the second business day before the related Accrual Period begins. For this purpose, a “business day” is a day on which banks are open for dealing in foreign currency and exchange in London, New York City and Washington, D.

LIBOR Adjustment Date means with respect to any Distribution Date, the second business day prior to the previous Distribution Date. For this purpose, a “business day” is a day on which banks are open for dealing in foreign currency and exchange in London, New York City and Washington, D.C.

LIBOR Adjustment Date means, with respect to any Payment Date, the second business day before the related Note Accrual Period begins. For this purpose, a "business day" is a day on which banks are open for dealing in foreign currency and exchange in London, New York City and Washington, D.C.

Examples of LIBOR Adjustment Date in a sentence

• Pursuant to the terms of the Global Agency Agreement, the Global Agent shall calculate the Class Coupons for the applicable Classes of Notes (including MAC Notes on which the Exchange Administrator has directed the Global Agent to make payments) for each Accrual Period (after the first Accrual Period) on the applicable LIBOR Adjustment Date.

• U.S. dollar deposits with a maturity of one month set by ICE Benchmark Administration Limited (“ICE”) as of 11:00 a.m. (London time) on the LIBOR Adjustment Date (the “ICE Method”).

• If ICE’s Interest Settlement Rate does not appear on the Designated Page as of 11:00 a.m. (London time) on a LIBOR Adjustment Date, or if the Designated Page is not then available, One-Month LIBOR for that date will be the most recently published Interest Settlement Rate.

• Pursuant to the terms of the Global Agency Agreement, the Global Agent shall calculate the Class Coupons for the Notes for each Accrual Period (after the first Accrual Period) on the applicable LIBOR Adjustment Date.

• If ICE’s Interest Settlement Rate does not appear on the Designated Page as of 11:00 a.m. (London time) on a LIBOR Adjustment Date, or if the Designated Page is not then available, One- Month LIBOR for that date will be the most recently published Interest Settlement Rate.

More Definitions of LIBOR Adjustment Date

LIBOR Adjustment Date. The tenth (10th) day of each calendar month.

LIBOR Adjustment Date means the first calendar day of such calendar month.

LIBOR Adjustment Date. The tenth (10th) day of each calendar month. LIBOR Business Day: A Business Day on which dealings in U.S. dollars are carried on in the London Interbank Market.

LIBOR Adjustment Date means the eleventh (11th) day of each calendar month; provided, however, that the first LIBOR Adjustment Date shall be November ___, 2000. Each subsequent LIBOR Adjustment Date during the term of this Note shall be the eleventh (11th) day of each subsequent calendar month during the term of the Loan.

LIBOR Adjustment Date means the first calendar day of such calendar month. “LIBOR Rate” means the greater of (a) 1.00% and (b) the rate per annum equal to theLondon interbank offered rate administered by ICE Benchmark Administration Limited or a comparable, replacement or successor rate, which rate is approved by Agent, as published on the applicable Bloomberg screen (or such other commercially available source providing such quotations as may be designated by Agent from time to time), for deposits in Dollars for a term of thirty (30) days on or about 11:00 a.m. (London time) two (2) Business Days prior to the LIBOR Adjustment Date. The LIBOR Rate may not be the lowest or best rate at which Agent calculates interest or extends credit. The LIBOR Rate for each calendar month shall be adjusted (if necessary) on each LIBOR Adjustment Date which determination shall be conclusive in the absence of manifest error; provided that to the extent a comparable, replacement or successor rate is approved.

LIBOR Adjustment Date means with respect to LIBOR, the day of , beginning , and continuing through . If any LIBOR Adjustment Date falls on a non-Boston Banking Day, the LIBOR Adjustment Date shall be deemed to be the next Boston Banking Day. If any LIBOR Adjustment Date would be the 31st day of a month but the applicable month does not have a 31st day (and, in the case of February, the 29th or 30th day), the LIBOR Adjustment Date shall be deemed to be the last calendar day of that month, or the next Boston Banking Day if the last calendar day of that month is not a Boston Banking Day. In the event that the Bank determines, in its sole discretion, that:

LIBOR Adjustment Date means the date that is two (2) Business Days prior to the first day of each month.