LIBOR Determination Date definition

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.

LIBOR Determination Date has the meaning specified in Schedule A.

LIBOR Determination Date. The second LIBOR Business Day before the first day of the related Accrual Period.

Examples of LIBOR Determination Date 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, on any LIBOR Determination Date, at least two of the Reference Banks provide such quotations, LIBOR shall equal such arithmetic mean.

• 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 four 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 on any LIBOR Determination Date only one or none of the Reference Banks provides such offered quotations, LIBOR for the next Interest Accrual Period shall be whichever is the higher of (i) LIBOR as determined on the previous LIBOR Determination Date or (ii) the Reserve Interest Rate.

More Definitions of LIBOR Determination Date

LIBOR Determination Date means, the date that is two London Banking Days before the first day of the applicable Interest Period.

LIBOR Determination Date means the second London Business Day prior to the Closing Date with respect to the first Payment Date and, as to each subsequent Payment Date, the second London Business Day prior to the immediately preceding Payment Date.

LIBOR Determination Date has the meaning set forth in Section 2.10(b).

LIBOR Determination Date means May 16, 2016 for the period from and including the Issuance Date to but excluding July 15, 2016, and the second London Business Day prior to the commencement of the second and each subsequent Interest Period.

LIBOR Determination Date means, for each Accrual Period, the second Business Day before the beginning of that Accrual Period.

LIBOR Determination Date means the second London Banking Day immediately preceding the first day of the relevant Dividend Period.

LIBOR Determination Date means, with respect to each Interest Period, the day that is two Business Days prior to the first day of such Interest Period.