LIBOR Fixed Rate definition

LIBOR Fixed Rate means, for any Interest Period, a rate per annum determined by Agent to be equal to the LIBOR Base Rate plus the LIBOR Margin for such Interest Period divided by (1 minus the Reserve Requirement) for such Interest Period.

LIBOR Fixed Rate means a rate per annum equal to the LIBOR Rate plus one and one-fourth percent (1.25%).”

LIBOR Fixed Rate is defined in the definition of “Rate”.

Examples of LIBOR Fixed Rate in a sentence

• No replacement of LIBOR Fixed Rate with a Benchmark Replacement pursuant to this Section will occur prior to the applicable Benchmark Transition Start Date.

• The outstanding principal amount of the Loan shall bear interest, as provided below, at the Applicable Interest Rate from time to time in effect based upon the LIBOR Fixed Rate or when specifically so provided in this Agreement, based upon either the Reference Rate plus the Reference Rate Margin or the LIBOR Floating Rate.

• No more than one (1) LIBOR Fixed Rate Tranche with respect to the Loan may exist at any time.

• The Companies shall have the right to prepay the outstanding Borrowings in whole or in part, from time to time and without premium or penalty, except that the Companies shall pay interest to the end of the relevant Interest Period and the administrative fee provided for in Section 6.2(b)(7)(ix) of the Current Credit Agreement if the Companies prepay any LIBOR Fixed Rate Tranche in whole or in part.

• Notwithstanding anything to the contrary herein or in any other Related Document, upon the determination by the Purchaser (which shall be conclusive absent manifest error) that a Benchmark Transition Event or an Early Opt-in Election has occurred, as applicable, the Purchaser and the Borrower may amend this Agreement to replace the LIBOR Fixed Rate with a Benchmark Replacement.

More Definitions of LIBOR Fixed Rate

LIBOR Fixed Rate which means, for the Interest Period applicable to a LIBOR Fixed Rate Tranche, a rate per annum equal to the lesser of:

LIBOR Fixed Rate means the rate of interest per annum determined by the Calculation Agent based on the rate for United States dollar deposits for delivery on the LIBOR Index Reset Date for a period equal to one month as reported on Reuters Screen LIBOR0 1 page (or any successor page) at approximately 11:00 a.m., London time, on each Computation Date (or if not so reported, then as determined by the Calculation Agent from another recognized source of interbank quotation). Notwithstanding anything to the contrary in the foregoing, in the event that LIBOR shall be equal to or less than zero percent (0.00%), LIBOR shall be deemed to be zero percent (0.00%).

LIBOR Fixed Rate on page 3 of the Note is hereby amended in its entirety to read as follows:

LIBOR Fixed Rate. A per annum rate fixed at the Libor Rate, plus two percent (2.00%)."

LIBOR Fixed Rate means a fixed rate per annum for a 1, 2 or 3 month period, as designated by the City in connection with any LIBOR Fixed Rate Advance or otherwise as determined pursuant to the terms of Section 6 of this Ordinance, based on 100% of LIBOR at the start of each period plus, in each case, the Interest Rate Adjustment. No LIBOR period designated by the City may extend beyond the Maturity Date.

LIBOR Fixed Rate means the Adjusted LIBOR Rate plus one and one-half percent (1.50%) per annum.

LIBOR Fixed Rate means the rate of interest per annum equal to the rate per annum equal to the British Bankers Association LIBOR Rate (“BBA LIBOR”), as published by Reuters (or other commercially available source providing quotations of BBA LIBOR as selected by the Lender from time to time) as determined for each Interest Rate Change Date at approximately 11:00 a.m. (London time) two (2) London Banking Days prior to the Interest Rate Change Date for U.S. Dollar deposits (for delivery on the