LIBOR Event definition

LIBOR Event. The meaning specified in Section 8.1(a)(xxiv).

LIBOR Event has the meaning assigned to such term in the definition of “Three-Month LIBOR.”

LIBOR Event means the permanent discontinuance of LIBOR.

Examples of LIBOR Event in a sentence

• If, in any event, any Bank does not, in its sole discretion (with due respect for, among other matters, its independent requirements, considerations and circumstances), agree to any proposed alternate or additional interest rate option within such 30-day period, no such alternate or additional interest rate option shall be available with respect to the LIBOR Event initiating the discussions related to such proposed alternative or additional interest rate option.

• Notwithstanding anything in the foregoing, if at any time while any Secured Notes are Outstanding a LIBOR Event occurs, the Issuer may enter into a supplemental indenture to take any action necessary or advisable to implement the selection by the Collateral Manager of an Alternative Rate in place of LIBOR in accordance with Section 8.1(xviii), and all references herein to "LIBOR" with respect to the Floating Rate Notes will mean such Alternative Rate as so selected.

• If the Calculation Agent is required but is unable to determine a rate in accordance with at least one of the procedures described above for any reason, including due to the occurrence of a LIBOR Event, actions by the British Bankers' Association or other regulators, LIBOR shall be LIBOR as determined on the last Interest Determination Date for which the Calculation Agent was able to make such determination in accordance with at least one of such procedures.

• The Company (or its Calculation Agent) shall notify the Trustee in writing upon a LIBOR Event, of an Alternative Rate, any Adjustments and of other items affecting the interest rate on the Notes after a LIBOR Event.

• Upon the occurrence of any LIBOR Event, and at any time thereafter so long as such LIBOR Event shall continue, Agent may exercise its aforesaid option by giving written notice thereof to Debtor, and the applicable portions of the Loan shall thereafter bear interest at the Prime Rate.

More Definitions of LIBOR Event

LIBOR Event means the first failure by the Company (A) to declare or to pay to the Trust Company, not later than 12:00 Noon, New York City time, on the Business Day next preceding any Dividend Payment Date, in funds immediately available on such Dividend Payment Date in New York, New York, the full amount of any dividend at the Applicable Rate on such Dividend Payment Date on any share of the New Preferred or (B) to pay to the Trust Company, not later than 12:00 Noon, New York City time on the Business Day next preceding any redemption date, the redemption price in funds available in New York, New York to be paid on such redemption date, plus an amount equal to accrued and unpaid dividends at the Applicable Rate thereon to such redemption date, of any share of the New Preferred after notice of a redemption is given.

LIBOR Event shall have the respective meanings set forth in the definition of Three-Month LIBOR.

LIBOR Event means the first failure by the Corporation to pay to the Auction Agent, not later than 12:00 noon, New York City time, (A) on the Business Day next preceding any Dividend Payment Date, in funds available on such Dividend Payment Date in The City of New York, New York, the full amount of any dividend (whether or not earned or declared) to be paid on such Dividend Payment Date on any share of Series A MMP or (B) on the Business Day next preceding any redemption date in funds available on such redemption date in The City of New York, New York, the redemption price to be paid on such redemption date of any share of Series A MMP after notice of redemption is given pursuant to paragraph (b) of Section 3 of this Part I.

LIBOR Event shall have the meaning specified in Section 2.8(a) hereof.

LIBOR Event. The meaning specified in the definition of “LIBOR”London interbank offered rate for the applicable Interest Accrual Period prior to the Refinancing Date.

LIBOR Event has the meaning provided in the definition of “Three-Month LIBOR.”

LIBOR Event. The meaning specified in the definition of “LIBOR”.