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. With respect to the first Payment Date, the second LIBOR Business Day preceding the Closing Date, and thereafter, the second LIBOR Business Day preceding each Payment Date.

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

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. 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.

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. Not applicable.

LIBOR Rate Adjustment Date. With respect to each Distribution Date (other than the Distribution Date occurring in November 1996) and the Class A-5 Certificates and Class A-6 Certificates, the LIBOR Business Day immediately preceding the commencement of the related Interest Accrual Period.

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.