LIBOR OFFER RATE. That rate of interest (rounded upwards, if necessary, to the next 1/100 of 1%) determined by the Agent to be the highest prevailing rate per annum at which deposits on U.S. Dollars are offered to BankBoston, N.A., by first-class banks in the London interbank market in which BankBoston, N.A. participates at or about 10:00 A.M. (Boston Time) Two (2) Libor Business Days before the first day of the Interest Period for the subject Libor Loan, for a deposit approximately in the amount of the subject loan for a period of time approximately equal to such Interest Period.
LIBOR OFFER RATE that rate of interest (rounded upwards, if necessary, to the next 1/100 of 1%) determined by the Administrative Agent to be (i) the prevailing rate per annum at which deposits on U.S. Dollars are offered to the Lender by first-class banks in the London interbank market in which the Lender regularly participates at or about 10:00 A.M. (Boston time) three (3) LIBOR Business Days before the first day of the Interest Period, for a deposit approximately in the amount of the subject LIBOR Loan for a period of time approximately equal to such Interest Period, divided by (ii) one minus the Reserve Percentage.
LIBOR OFFER RATE. (a) That rate of interest (rounded upwards, if necessary, to the next 1/100 of 1%) determined by the Agent at which deposits on U.S. Dollars for such Interest Period are offered based on information presented on Telerate Page 3750 at or about 10:00AM Two (2) LIBOR Business Days before the first day of the Interest Period for the subject LIBOR Loan for a deposit approximately in the amount of the subject loan, for a period of time approximately equal to such Interest Period, or (b) if such information on such Telerate Page is not available, the rate at which deposits on U.S. Dollars are offered to Bank of America, by first-class banks in the LIBOR market in which Bank of America participates at 10:00AM Two (2) LIBOR Business Days before the first day of the Interest Period for the subject LIBOR Loan for a deposit approximately in the amount of the subject loan, for a period of time approximately equal to such Interest Period.
More Definitions of LIBOR OFFER RATE
LIBOR OFFER RATE. That rate of interest (rounded upwards, if necessary, to the next 1/100 of 1%) determined by the Administrative Agent in good faith to be the highest prevailing rate per annum at which deposits on U.S. Dollars are offered to Bank of America by first-class banks in the London interbank market in which Bank of America participates at or about 10:00 AM (Boston Time) two (2) Libor Business Days before the first day of the Interest Period for the subject Libor Loan, for a deposit approximately in the amount of the subject loan for a period of time approximately equal to such Interest Period.
LIBOR OFFER RATE. For any Interest Period for LIBOR Loans, the quotient (rounded upwards, if necessary, to the next 1/100 of 1%) of : (x) the per annum rate of interest determined by the Administrative Agent in accordance with its usual procedures (which determination shall be conclusive absent manifest error) as of approximately 11:00 a.m. (London time) two LIBOR Business Days prior to the beginning of such Interest Period pertaining to such LIBOR Loan, as provided by Bloomberg's or Reuters (or any other similar company or service that provides rate quotations comparable to those currently provided by such companies as the rate in the London interbank market) as the rate in the London interbank market for deposits in U.S. Dollars in immediately available funds with a maturity comparable to such Interest Period divided by (y) a number equal to 1.00 minus the Eurocurrency Reserve Percentage. In the event that such rate quotation is not available for any reason, then the rate (for purposes of clause (x) hereof) shall be the rate, determined by the Administrative Agent as of approximately 11:00 a.m. (London time) two LIBOR Business Days prior to the beginning of such Interest Period pertaining to such LIBOR Loan, to be the average (rounded upwards, if necessary, to the next 1/100 of 1%) of the per annum rates at which deposits in U.S. Dollars in immediately available funds in an amount comparable to NCBC's Revolving Credit Commitment Percentage of such LIBOR Loan and with a maturity comparable to such Interest Period are offered to the prime banks by leading banks in the London interbank market. The LIBOR Offer Rate shall be adjusted automatically on and as of the effective date of any change in the Eurocurrency Reserve Percentage.
LIBOR OFFER RATE. That rate of interest (rounded upwards, if necessary, to the next 1/100 of 1%) determined by the Administrative Agent in good faith to be the highest prevailing rate per annum at which deposits on U.S. Dollars are offered to Fleet National Bank, by first-class banks in the London interbank market in which Fleet National Bank participates at or about 10:00AM (Boston Time) two (2) Libor Business Days before the first day of the Interest Period for the subject Libor Loan, for a deposit approximately in the amount of the subject loan for a period of time approximately equal to such Interest Period.
LIBOR OFFER RATE. That rate of interest (rounded upwards, if necessary, to the next 1/100 of 1%) determined by the Agent to be the highest prevailing rate per annum at which deposits on U.S. Dollars are offered to BankBoston, N.A., by first-class banks in the London interbank market in which BankBoston, N.A. participates at or about 10:00AM (Boston Time) Two (2) Libor Business Days before the first day of the Interest Period for the subject Libor Loan, for a deposit approximately in the amount of the subject loan for a period of time approximately equal to such Interest Period.
LIBOR OFFER RATE. That rate of interest (rounded upwards, if necessary, to the next 1/100 of 1%) determined by the Agent to be the highest prevailing rate per annum at which deposits on U.S. Dollars are offered to Xxxxx Fargo Bank, N. A., by first-class banks in the London interbank market in which Xxxxx Fargo Bank, N. A. participates at or about 10:00 a.m. (Boston Time) two (2) LIBOR Business Days before the first day of the Interest Period for the subject LIBOR Loan, for a deposit approximately in the amount of the subject loan for a period of time approximately equal to such Interest Period.
LIBOR OFFER RATE. For any Interest Period with respect to a Libor Loan, 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 designated by the Administrative Agent from time to time) at approximately 11:00 a.m., London time, two (2) Business Days prior to the commencement of such Interest Period, for Dollar deposits (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period. If such rate is not available at such time for any reason, then the “Libor Offer Rate” for such Interest Period shall be the rate per annum reasonably determined by the Administrative Agent in good faith to be the rate at which deposits in Dollars for delivery on the first day of such Interest Period in same day funds in the approximate amount of the Libor Loan being made, continued or converted by Bank of America and with a term equivalent to such Interest Period would be offered by Bank of America’s London Branch to major banks in the London interbank eurodollar market at their request at approximately 11:00 a.m. (London time) two (2) Business Days prior to the commencement of such Interest Period.
LIBOR OFFER RATE that rate of interest (rounded upwards, if necessary, to the next 1/100 of 1%) determined by the Bank to be the prevailing rate per annum at which deposits on U.S. Dollars are offered to the Bank by first-class banks in the London interbank market in which the Bank regularly participates at a time reasonably contemporaneous to the giving of a Notice of Borrowing at the Libor Rate, not less Two (2) Business Days before the first day of the Interest Period of the loan referenced in such Notice of Borrowing, for a deposit approximately in the amount of the subject loan for a period of time approximately equal to such Interest Period.