LIBOR Determination definition

LIBOR Determination. Date With respect to any Interest Accrual Period for the Adjustable Rate Certificates, the second London business day preceding the commencement of such Interest Accrual Period. For purposes of determining LIBOR, a "London business day" is any day on which dealings in deposits of United States dollars are transacted in the London interbank market.
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LIBOR Determination. Date The second LIBOR Business Day immediately preceding the commencement of an Interest Accrual Period. Series Yield Factor Initially zero, but may be increased pursuant to Section 25. Series Cut-Off Date October 1, 2000. Series Closing Date October 24, 2000. Date from which Interest for First Interest Payment Date Shall Accrue Series Closing Date. Distribution Dates The 15th day of each calendar month (or, if such day is not a Business Day, the next succeeding Business Day), commencing in November 2000. Interest Payment Dates The 15th day of each month (or, if such day is not a Business Day, the next succeeding Business Day), commencing in November 2000. Statement Dates Each Distribution Date, commencing in November 2000. Principal Payment Date Not applicable. Interest Calculation Dates Not applicable. Accumulation Commencement Date Not applicable. Accumulation Period Unless an Amortization Event shall have occurred prior thereto, the period commencing on the Principal Commencement Date and ending on the earliest to occur of (x) the payment in full of the Series Invested Amount, (y) the Amortization Commencement Date, and (z) the Series Termination Date. Accumulation Amount The greater of (a) $87,719,333.33 and (b) if the Master Servicer elects to delay commencement of the Accumulation Period in accordance with Section 23, (i) the aggregate of the Class A Initial Investor Interest plus the Class B Initial Investor Interest divided by (ii) the number of Distribution Dates from the commencement of the Accumulation Period through and including the Class A Expected Final Payment Date. Principal Commencement Date The first day of the Due Period related to the November 2002 Distribution Date (or such later Distribution Date as the Master Servicer may elect in accordance with Section 23). Revolving Period From the Series Cut-Off Date to but excluding the earlier to occur of (i) the Principal Commencement Date, and (ii) the Amortization Commencement Date. Controlled Liquidation Period Not applicable. Early Accumulation Period Not applicable. Type of Credit Enhancement Cash collateral account. Stated Shared Credit Enhancement Amount There shall be no Shared Credit Enhancement. Stated Class A Credit Enhancement Amount There shall be no Class A Cash Collateral Credit Enhancement. Stated Class B Credit Enhancement Amount $78,947,400. Credit Enhancement Provider Collectively, the one or more lenders making a loan in order to provide the initial funds on deposit in th...
Sample 1
LIBOR Determination. Date The second LIBOR Business Day immediately preceding the commencement of an Interest Accrual Period. Series Yield Factor Initially zero, but may be increased pursuant to Section 25. Series Cut-Off Date , 200 . Series Closing Date , 200 . Date from which Interest for First Interest Payment Date Shall Accrue Series Closing Date. Distribution Dates , 200 and the 15th day of each calendar month thereafter (or, if such day is not a Business Day, the next succeeding Business Day). Interest Payment Dates The 15th day of each month (or, if such day is not a Business Day, the next succeeding Business Day), commencing in 200. Statement Dates Each Distribution Date, commencing in 200. Principal Payment Date Not applicable. Interest Calculation Dates Not applicable. Accumulation Commencement Date Not applicable. Accumulation Period Unless an Amortization Event shall have occurred prior thereto, the period commencing on the Principal Commencement Date and ending on the earliest to occur of (x) the payment in full of the Series Invested Amount, (y) the Amortization Commencement Date, and (z) the Series Termination Date.
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Examples of LIBOR Determination in a sentence

  • If at least two such quotations are provided, the rate for that LIBOR Determination Date shall be the arithmetic mean of the quotations.

  • If at least two such quotations are provided, the rate for that LIBOR Determination Date will be the arithmetic mean of the quotations.

  • If fewer than two quotations are provided as requested, the rate for that LIBOR Determination Date will be the arithmetic mean of the rates quoted by major banks in New York City, selected by the Beneficiary, at approximately 11:00 a.m., New York City time, on that day for loans in United States dollars to leading European banks for a one-month period.

  • If such rate does not appear on Telerate Page 3750, the rate for that LIBOR Determination Date shall be determined on the basis of the rates at which deposits in United States dollars are offered by the Reference Banks at approximately 11:00 a.m., London time, on that day to prime banks in the London interbank market for a one-month period.

  • The Pass-Through Rate for each Class of LIBOR Certificates for each Interest Accrual Period shall be determined by the Trustee on each LIBOR Determination Date so long as the LIBOR Certificates are outstanding on the basis of LIBOR and the respective formulae appearing in footnotes corresponding to the LIBOR Certificates in the table relating to the Certificates in the Preliminary Statement.

  • Upon such determination, the Trustee shall notify the Servicer of LIBOR for such LIBOR Determination Date.

  • Until all of the LIBOR Certificates are paid in full, the Trustee will at all times retain at least four Reference Banks for the purpose of determining LIBOR with respect to each LIBOR Determination Date.

  • If such rate does not appear on Reuters Screen LIBOR01 Page or on a comparable system as is customarily used to quote LIBOR the rate for that LIBOR Determination Date shall be determined on the basis of the rates at which deposits in United States dollars are offered by the Reference Banks at approximately 11:00 a.m., London time, on that day to prime banks in the London interbank market for a one-month period.

  • On each LIBOR Determination Date, the Calculation Agent shall send to the Indenture Trustee and the Beneficiary, via email or by facsimile transmission, notification of LIBOR for the following Interest Period.

  • On each LIBOR Determination Date, the Calculation Agent shall determine LIBOR on the basis of the rate for deposits in United States dollars for a one-month period which appears on Reuters Screen LIBOR01 Page or on such comparable system as is customarily used to quote LIBOR as of 11:00 a.m., London time, on such date.


More Definitions of LIBOR Determination

LIBOR Determination. DATE shall mean, with respect to any LIBOR Reference Period, the date that is two (2) LIBOR Business Days prior to the first day of such LIBOR Reference Period.
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LIBOR Determination. Second London banking day immediately preceding the first day of the relevant three-month interest period Interest Payment Dates: Each March 15, June 15, September 15 and December 15, beginning on March 15, 2009 Day Count: Actual / 360 Redemption Provisions: The notes are not subject to redemption or repayment prior to maturity and will not be subject to any sinking fund. Denomination: $1,000 and integral multiples of $1,000 thereof Gross Proceeds: $250,000,000 Underwriting Discount and Commissions: 0.250% Price to KeyCorp: 99.750% Net Proceeds After Underwriting Discount and Commission: $249,375,000 Joint Book-Running Managers: KeyBanc Capital Markets Inc. (22.75%) Credit Suisse Securities (USA) LLC (22.75%) Xxxxxx Xxxxxxx & Co. Incorporated (22.75%) UBS Securities LLC (22.75%) Co-Managers: Banc of America Securities LLC (1%) Barclays Capital Inc. (1%) Citigroup Global Markets Inc. (1%) Xxxxxxx, Xxxxx & Co. (1%) X.X. Xxxxxx Securities Inc. (1%) Xxxxx, Xxxxxxxx & Xxxxx, Inc. (1%) Xxxxxxx Xxxxx, Xxxxxx, Xxxxxx & Xxxxx Incorporated (1%) Xxxxxxx X’Xxxxx & Partners, L.P. (1%) Junior Co-Managers: SBK-Xxxxxx Investment Corp. (0.5%) The Xxxxxxxx Capital Group, L.P. (0.5%) CUSIP: 00000XXX0 Expected Issue Ratings: Aaa / AAA / AAA (Moody’s / S&P / Fitch) The issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting XXXXX on the SEC website at xxx.xxx.xxx. Alternatively, a copy of the prospectus for the offering can be obtained by calling (i) KeyBanc Capital Markets Inc. toll free at 0-000-000-0000, (ii) Credit Suisse Securities (USA) LLC toll free at 1-800-221-1037, (iii) Xxxxxx Xxxxxxx & Co. Incorporated toll free at 0-000-000-0000, or (iv) UBS Securities LLC toll free at 0-000-000-0000, ext. 561-3884. The security ratings above are not a recommendation to buy, sell or hold the securities hereby. The ratings may be subject to revision or withdrawal at any time by Xxxxx’x Investors Service, Standard & Poor’s Ratings Services and Fitch Ratings Ltd. Each of the security ratings above should be evaluated independently of any other security rating. Exhibit A
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LIBOR Determination. Date” - 1.1 (Definition of LIBOR)
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LIBOR Determination means, on each LIBOR Determination Date, the rate obtained by the Holder for three-month U.S. Dollar deposits in Europe, which appears on Reuters Screen LIBOR 01 Page (as defined in the International Swaps and Derivatives Association, Inc. 2000 Interest Rate and Currency Exchange Definitions) or such other page as may replace such page, as of 11:00 a.m. (London time) on such LIBOR Determination Date, as reported by Bloomberg Financial Markets Commodities News or any successor service ( “Reuters Service” ), and the rate so obtained shall be LIBOR for such LIBOR Determination Date. If such rate is superseded on Reuters Service by a corrected rate before 12:00 noon (London time) on the same LIBOR Determination Date, the corrected rate as so substituted will be LIBOR for that LIBOR Determination Date. If, on any LIBOR Determination Date, such rate does not appear on Reuters Service, the Seller shall determine the arithmetic mean of the offered quotations of the Reference Banks (as defined below) for three-month U.S. Dollar deposits in Europe (in an amount determined by the Seller) by reference to requests for quotations as of approximately 11:00 a.m. (London time) on the LIBOR Determination Date made by the Holder to the Reference Banks. If, on any LIBOR Determination Date, at least two of the Reference Banks provide such quotations, LIBOR shall equal the arithmetic mean of such quotations. If, on any LIBOR Determination Date, only one or none of the Reference Banks provide such a quotation, LIBOR shall be deemed to be the arithmetic mean of the offered quotations that at least two leading banks in the City of New York (as selected by the Holder) are quoting on the relevant LIBOR Determination Date for three-month U.S. Dollar deposits in Europe at approximately 11:00 a.m. (London time) (in an amount determined by the Holder). As used herein, “Reference Banks” means four major banks in the London Interbank market selected by the Holder.
Sample 1
LIBOR Determination. Date With respect to any Interest Accrual Period for the Adjustable Rate Certificates, the second London business day preceding the commencement of such Interest Accrual Period. For purposes of determining LIBOR, a "London business day" is any day on which dealings in deposits of United States dollars are transacted in the London interbank market. Liquidated Loan With respect to any Distribution Date, a defaulted Loan (including any REO Property) that was liquidated in the related Prepayment Period Date and as to which the Servicer has determined (in accordance with this Agreement) that it has received all amounts it expects to receive in connection with the liquidation of such Loan, including the final disposition of an REO Property. Liquidation Proceeds Amounts, including Insurance Proceeds, received in connection with the partial or complete liquidation of defaulted Loans, whether through trustee's sale, foreclosure sale or otherwise or amounts received in connection with any condemnation or partial release of a Mortgaged Property and any other proceeds received in connection with an REO Property other than Recoveries, less the Servicing Amount applicable to such defaulted Loans. Loans The Group I Loans and the Group II Loans. Loan Schedule As of any date, the list of Loans included in the Trust Fund on such date, attached hereto as Schedule I (as from time to time amended by the Servicer to reflect the addition of Substitute Loans and the deletion of Deleted Loans pursuant to the provisions of this Agreement), setting forth the following information with respect to each Loan:
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Related to LIBOR Determination

  • LIBOR Determination Date With respect to any Interest Accrual Period for the LIBOR Certificates, the second London Business Day preceding the commencement of such Interest Accrual Period.

  • SOFR Determination Date has the meaning specified in the definition of “Daily Simple SOFR”.

  • Term SOFR Determination Day has the meaning assigned to it under the definition of Term SOFR Reference Rate.

  • Base Rate Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.

  • Adjusted LIBOR Rate means, at any time with respect to any LIBOR Loan, a rate per annum equal to the LIBOR Rate as in effect at such time plus the Applicable Margin Percentage for LIBOR Loans as in effect at such time.

  • LIBOR Interest Determination Date means the second LIBOR Business Day preceding each LIBOR Rate Reset Date.

  • Screen Rate Determination is specified in the applicable Final Terms as the manner in which the Rate of Interest is to be determined and the Reference Rate specified in the applicable Final Terms is not XXXXX or SOFR, the Rate of Interest for each Interest Period will, subject as provided below, be either:

  • Index Determination Date means, in relation to any Index, a date on which such Indexfalls to be determined in accordance with the Conditions;

  • ABR Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.

  • Periodic Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.

  • SOFR Determination Time means 3:00 p.m. (New York time) on the U.S. Government Securities Business Day, at which time Compounded SOFR is published on the FRBNY’s Website.

  • Eurodollar Base Rate has the meaning specified in the definition of Eurodollar Rate.

  • USD-LIBOR-BBA As defined in the Swap Agreement in the Annex to the 2000 ISDA Definitions.

  • Reference Rate Determination Date means, in relation to any Reference Rate Business Day(i):

  • Reset Determination Date means, in respect of the First Reset Period, the second Business Day prior to the First Reset Date and, in respect of each Subsequent Reset Period thereafter, the second Business Day prior to the first day of each such Subsequent Reset Period;

  • Daily LIBOR Rate means, for any day, the rate per annum determined by the Bank by dividing (x) the Published Rate by (y) a number equal to 1.00 minus the LIBOR Reserve Percentage.

  • Applicable LIBOR Rate means, (a) for Auction Periods of 35 days or less, One-Month LIBOR, (b) for Auction Periods of more than 35 days but less than 91 days, Three-Month LIBOR, (c) for Auction Periods of more than 90 days but less than 181 days, Six-Month LIBOR, and (d) for Auction Periods of more than 180 days, One-Year LIBOR.

  • EURIBOR Rate has the meaning specified in the definition of “Eurocurrency Rate”.

  • Eurodollar Rate with respect to each day during each Interest Period pertaining to a Eurodollar Loan, a rate per annum determined for such day in accordance with the following formula (rounded upward to the nearest 1/100th of 1%): Eurodollar Base Rate

  • Adjusted LIBO Rate means, with respect to any Eurodollar Borrowing for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to (a) the LIBO Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate.

  • Adjusted LIBOR means, for any Borrowing of Eurodollar Loans, a rate per annum determined in accordance with the following formula: Adjusted LIBOR = LIBOR

  • LIBOR Rate means a rate per annum (rounded upwards, if necessary, to the next higher 1/100th of 1%) determined by the Administrative Agent pursuant to the following formula: LIBOR Rate = LIBOR

  • Adjusted Eurodollar Rate means for any Interest Period with respect to any Eurodollar Loan, an interest rate per annum (rounded upwards, if necessary, to the next 1/100 of 1.00%) equal to (a) the Eurodollar Rate for such Interest Period multiplied by (b) the Statutory Reserves.

  • Interest Determination Date means, with respect to a Rate of Interest and Interest Accrual Period, the date specified as such hereon or, if none is so specified, (i) the first day of such Interest Accrual Period if the Specified Currency is Sterling or (ii) the day falling two Business Days in London for the Specified Currency prior to the first day of such Interest Accrual Period if the Specified Currency is neither Sterling nor euro or (iii) the day falling two TARGET Business Days prior to the first day of such Interest Accrual Period if the Specified Currency is euro.

  • LIBO Rate means, with respect to any Eurodollar Borrowing for any Interest Period, the LIBO Screen Rate at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period; provided that if the LIBO Screen Rate shall not be available at such time for such Interest Period (an “Impacted Interest Period”) then the LIBO Rate shall be the Interpolated Rate.

  • TIA Applicability Determination As defined in Section 12.12.