LIBOR Banking Day definition

LIBOR Banking Day has the meaning set forth in Section 2.10(b)(1).

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LIBOR Banking Day means any Banking Day on which commercial banks are open for international business (including dealings in U.S. Dollar deposits in the London interbank market) in London, England.

LIBOR Banking Day means a day on which commercial banks are open for business (including dealings in foreign currency deposits) in London.

Examples of LIBOR Banking Day in a sentence

• The first day of the interest period must be a day other than a Saturday or a Sunday on which the Bank is open for business in California, New York and London and dealing in offshore dollars (a "LIBOR Banking Day").

• The first day of the interest period must be a day other than a Saturday or a Sunday on which the Bank is open for business in New York and London and dealing in offshore dollars (a "LIBOR Banking Day").

• Whenever any payment hereunder will be due on a day other than a Banking Day, or in the case of LIBOR Based Loans a LIBOR Banking Day, such payment will be made on the next succeeding Banking Day, or LIBOR Banking Day, as applicable, and such extension of time will in such case be included in the computation of payment of interest thereunder.

• The first day of the interest period must be a day other than a Saturday or a Sunday on which banks are open for business in New York and London and dealing in offshore dollars (a "LIBOR Banking Day").

• Any payment of the principal of any LIBOR Borrowing shall be made on a LIBOR Banking Day as applicable.

More Definitions of LIBOR Banking Day

LIBOR Banking Day. Any day on which commercial banks in the City of London, England are open for business and dealing in offshore dollars.

LIBOR Banking Day means any day other than a day on which banking institutions in the State of New York or the City of London are authorized by law to close.

LIBOR Banking Day has the meaning set forth in Section 2.10(b)(1). “LIBOR Business Day” has the meaning set forth in Section 2.10(b)(1). “LIBOR Determination Date” has the meaning set forth in Section 2.10(b).

LIBOR Banking Day means any day on which banks are open for business in Vancouver, British Columbia, Toronto, Ontario, New York, New York and London, England.

LIBOR Banking Day means a day other than a Saturday or a Sunday, and on which Administrative Agent is open for business in California, New York, and London, and dealing in offshore Dollars, or, if Administrative Agent does not have an office dealing with offshore Dollars in such locations, then in such location as Administrative Agent does have such an office.

LIBOR Banking Day means a day (other than a Saturday or Sunday) on which dealings in United States Dollars are carried on in the London interbank market.

LIBOR Banking Day means a Banking Day on which Lender is open for business in London, England and United States dollar deposits are generally traded by dealers in such deposits. If an Interest Period would otherwise end on a day which is not a LIBOR Banking Day, it shall automatically be extended to and shall end on the next LIBOR Banking Day; however, if application of the foregoing part of this sentence would cause an Interest Period to end in the following month, such Interest Period shall end on the next preceding LIBOR Banking Day.