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.

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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

Interest on such LIBOR Fixed Rate Loan shall be payable on each Interest Adjustment Date with respect to an Interest Period (provided that if an Interest Period shall exceed three months, the interest must be paid every three months, commencing three months from the beginning of such Interest Period).
Thereafter, the obligation of the Lenders to make or maintain such LIBOR Fixed Rate Loan shall be suspended until Agent (upon the instruction of the Required Lenders) revokes such notice.
Upon receipt of such notice, Administrative Borrower may revoke any pending request for a borrowing of, conversion to or continuation of such LIBOR Fixed Rate Loan or, failing that, will be deemed to have converted such request into a request for a borrowing of a Base Rate Loan in the amount specified therein.
Any prepayment of a LIBOR Fixed Rate Loan pursuant to this Section 2.11 shall be subject to the prepayment provisions set forth in Article III hereof.
Upon receipt of such notice, Borrower may revoke any pending request for a borrowing of, conversion to or continuation of such LIBOR Fixed Rate Loan or, failing that, will be deemed to have converted such request into a request for a borrowing of a Base Rate Loan in the amount specified therein.

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: (i) the sum of (1) an interest rate per annum equal to (x) LIBOR for the LIBOR Business Day that is two LIBOR Business Days before the first day of that Interest Period multiplied by (y) the Statutory Reserve Rate in effect for such Interest Period, plus (2) the LIBOR Margin for each Class of Borrowings in that LIBOR Fixed Rate Tranche (if any); and (ii) the Ceiling Rate for that day; and

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: (i) the sum of (1) the quotient of (x) LIBOR for the LIBOR Business Day that is two LIBOR Business Days before the first day of that Interest Period divided by (y) 1.00 minus the Eurodollar Reserve Requirement for such Interest Period, plus (2) the LIBOR Margin for each Class of Borrowings in that LIBOR Fixed Rate Tranche (if any), rounded upwards, if necessary, to the nearest one-eighth percent (0.125%); and (ii) the Ceiling Rate for that day; and

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

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

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 a rate per annum equal to the LIBOR Rate plus the Applicable LIBOR Margin. “LIBOR Interest Period” shall mean one month.