LIBOR Rate Adjustment Date definition

LIBOR Rate Adjustment Date. With respect to each Distribution Date, the second LIBOR Business Day immediately preceding the commencement of the related Interest Accrual Period.

LIBOR Rate Adjustment Date is defined in Section 2.16 of this Indenture.

LIBOR Rate Adjustment Date. With respect to each Distribution Date and the Floater Certificates and Inverse Floater Certificates, the second LIBOR Business Day immediately preceding the commencement of the related Interest Accrual Period on which banks are open for dealing in foreign currency and exchange in London, England.

Examples of LIBOR Rate Adjustment Date in a sentence

• LIBOR applicable to the calculation of the Pass-Through Rate on the LIBOR Certificates for any Interest Accrual Period will be determined as of each LIBOR Rate Adjustment Date.

• On each LIBOR Rate Adjustment Date, or if such LIBOR Rate Adjustment Date is not a Business Day, then on the next succeeding Business Day, LIBOR shall be established by the Trustee and, as to any Interest Accrual Period, will equal the rate for one month United States dollar deposits that appears on the Telerate Screen Page 3750 as of 11:00 a.m., London time, on such LIBOR Rate Adjustment Date.

• On each LIBOR Rate Adjustment Date, LIBOR shall be established by the Trustee and, as to any Interest Accrual Period, will equal the rate for one month United States dollar deposits that appears on the Telerate Screen Page 3750 as of 11:00 a.m., London time, on such LIBOR Rate Adjustment Date.

• Promptly following each LIBOR Rate Adjustment Date the Trustee shall supply the Master Servicer with the results of its determination of LIBOR on such date.

• LIBOR applicable to the calculation of the Pass-Through Rates on the Adjustable Rate Certificates, if any, for any Interest Accrual Period (other than the initial Interest Accrual Period) will be determined on each LIBOR Rate Adjustment Date.

More Definitions of LIBOR Rate Adjustment Date

LIBOR Rate Adjustment Date. The LIBOR Business Day immediately prior to the 25th day of the month preceding such Distribution Date.

LIBOR Rate Adjustment Date. [___________].] [Loan Group: Either or both of the CB Loan Group or the NB Loan Group.]

LIBOR Rate Adjustment Date. As defined in Section 1.02.

LIBOR Rate Adjustment Date means the effective date of a change in the applicable LIBOR Rate, as follows:

LIBOR Rate Adjustment Date means, for each Interest Period, the date on which a Class Interest Rate for a Class of LIBOR Rate Notes first effective, which is the first day of such Interest Period.

LIBOR Rate Adjustment Date. With respect to each Distribution Date, the second LIBOR Business Day immediately preceding the commencement of the related Interest Accrual Period. Limited Repurchase Right Holder: RFC Asset Holdings II, Inc., or its successor. Liquidation Proceeds: Amounts (other than Insurance Proceeds) received by the Master Servicer in connection with the taking of an entire Mortgaged Property by exercise of the power of eminent domain or condemnation or in connection with the liquidation of a defaulted Loan through trustee’s sale, foreclosure sale or otherwise, other than REO Proceeds and Subsequent Recoveries. Loan-to-Value Ratio: As of any date, the fraction, expressed as a percentage, the numerator of which is the current principal balance of the related Mortgage Loan at the date of determination and the denominator of which is the Appraised Value of the related Mortgaged Property.

LIBOR Rate Adjustment Date. Not applicable.