LIBOR Interest means interest accruing at the LIBOR Rate as contemplated by Section 2.5.
LIBOR Interest. Period shall mean, for each LIBOR Rate Borrowing, a period commencing:
LIBOR Interest. Annual interest at a varying rate on the basis of the rate of the Libor interest for six-month dollar deposits on the inter-banking market in London, as quoted on the Telerate news service page 3750 at 11:00 a.m. (London time) two business days overseas prior to the beginning of any Interest Period. If at any time the interest established as aforesaid is not published on the Telerate news service page 3750, the interest shall be established in accordance with the publication of another recognized news service or in accordance with any other publication which at the Company’s discretion constitutes an appropriate substitute for such publication.
Examples of LIBOR Interest in a sentence
The Adjusted LIBOR Rate shall apply to the entire principal balance outstanding of a LIBOR Advance for any LIBOR Interest Period.
If no interest period is specified in any such notice for which the resulting advance is to bear interest under the LIBOR Option, the Borrower shall be deemed to have selected a LIBOR Interest Period of one month’s duration.
In the case of converting to the LIBOR Option, such notice shall be given at least three (3) Business Days prior to the commencement of any LIBOR Interest Period.
The Borrowers shall pay to the Agent, for the ratable benefit of Lenders, interest on all LIBOR Rate Loans in arrears on each LIBOR Interest Payment Date.
Each LIBOR Rate Advance shall bear interest from and including the first day of the LIBOR Interest Period applicable thereto to (but not including) the last day of such LIBOR Interest Period at the interest rate determined as applicable to such LIBOR Rate Advance.
More Definitions of LIBOR Interest
LIBOR Interest means, for any Payment Date and in respect of any Series No. 1 Notes, interest on such Series No. 1 Notes accrued during the period commencing on the immediately preceding Payment Date and ending on the date prior to such Payment Date at a rate per annum equal to LIBOR for such immediately preceding Payment Date (but in no event greater than the interest charged pursuant to Section 4.4(b) of the Purchase Agreement)."
LIBOR Interest the interest rate quoted in the London Interbank Market, for the period of six (6) months, as determined for this purpose by Bank Hapoalim B.M. Ltd. prior to the commencement of any Interest Period (as defined below), pursuant to the customary procedures and regulations of Bank Leumi Le’Israel Ltd. For the purposes of this definition, the term “Interest Period” shall mean each six (6) month period commencing on the date of this Agreement.
LIBOR Interest. Period shall mean, with respect to each LIBOR Loan, an Interest Period consisting of 1, 2 or 3 months as designated by the Borrowers in accordance with Section 1.06(a)(5) hereof.
LIBOR Interest. Period shall mean the period of time selected by the Borrower in connection with (and to apply to) any election permitted hereunder by the Borrower to have a portion of the Loan bear interest at the LIBOR Option. Subject to the last sentence of this definition, such period shall be one (1), two (2), three (3), or six (6) Months (or such other period of less than one (1) Month as the Agent in its discretion may allow Borrower to elect if available from all Lenders). Such LIBOR Interest Period shall commence on (i) the date of disbursement of the advance of the Loan or (ii) the twentieth (20th) day of the month if the Borrower is continuing or converting to the LIBOR Option applicable to a portion of the Loan. Notwithstanding the second sentence hereof: (A) any LIBOR Interest Period which would otherwise end on a date which is not a Business Day shall be extended to the next succeeding Business Day unless such Business Day falls in the next calendar month, in which case such LIBOR Interest Period shall end on the next preceding Business Day, and (B) the Borrower shall not select, convert to or continue a LIBOR Interest Period for any portion of the Loan that would end after the Expiration Date. LIBOR Option shall have the meaning ascribed thereto in Section 3.3 hereof. LIBOR Reserve Percentage shall mean as of any day the maximum percentage in effect on such day as prescribed by the Board of Governors of the Federal Reserve System (or any successor) for determining the reserve requirements (including, without limitation, supplemental, marginal and emergency reserve requirements) with respect to eurocurrency funding. Lien shall mean any mortgage, pledge, charge, encumbrance, security interest, collateral assignment or other lien or restriction of any kind, whether based on common law, constitutional provision, statute or contract, and shall include reservations, exceptions, encroachments, easements, rights of way, covenants, conditions, restrictions, leases and other title exceptions. Loan shall mean the loan made by the Lenders to the Borrower in the amount of Seventy-Five Million Dollars ($75,000,000) pursuant to the provisions of this Agreement.
LIBOR Interest. Period shall mean a period of one, two or three months commencing on a Business Day selected by the Borrower. Such LIBOR Interest Period shall end on (but exclude) the day which corresponds numerically to such date one, two or three months thereafter, provided, however, that if there is no such numerically corresponding day in such month, such LIBOR Interest Period shall end on the last Business Day of such month. If a LIBOR Interest Period would otherwise end on a day which is not a Business Day, such LIBOR Interest Period shall end on the next succeeding Business Day, provided, however, that if said next succeeding Business Day falls in a new calendar month, such LIBOR Interest Period shall end on the immediately preceding Business Day. LIBOR Rate shall mean, for the relevant LIBOR Interest Period, the sum of (i) the LIBOR Base Rate applicable to such LIBOR Interest Period, plus (ii) 1.375% per annum. The LIBOR Rate shall be rounded to the next higher multiple of 1/100 of 1% if the rate is not such a multiple.
LIBOR Interest. London Interbank Offered Rate – the rate of interest offered on the Interbank market in London on US dollar deposits for the period as will be specified in the first offering report of the relevant series (for one week, one month, three months, six months, etc.) as will be quoted on the sampling day, at 11:00 London time or thereabouts, on the LIBOR01 page published by Reuters Information Service or, if that page is replaced by another page, as is quoted on the sampling day, at the aforesaid time or shortly thereafter, on such other page;
LIBOR Interest. Period shall mean the period commencing on the date of any Advance at, or conversion to, a LIBOR Rate and ending thirty (30), sixty (60) or ninety (90) days thereafter as selected by Borrower, subject to the restrictions of Article 3; provided that (A) any LIBOR Interest Period which would otherwise expire on a day which is not a Business Day, shall be extended to the next succeeding Business Day, unless the result of such extension would be to extend such LIBOR Interest Period into another calendar month, in which event the LIBOR Interest Period shall end on the immediately preceding Business Day; and (B) any LIBOR Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such LIBOR Interest Period) shall end on the last Business Day of a calendar month.