LIBOR Reset Date. (as re-numbered) is amended to read as follows:
LIBOR Reset Date means: (a) for any Loan Currency other than Euro, the day two London Banking Days prior to the first day of the relevant Interest Period (or: (i) in the case of the initial Interest Period of a Variable Spread Loan, the day two London Banking Days prior to the fifteenth day of the month preceding the month in which the Loan Agreement is signed; provided that if the date of the Loan Agreement falls on or after the fifteenth day of the month in which the Loan Agreement is signed, the LIBOR Reset Date shall be the day two London Banking Days prior to the fifteenth day of such month; (ii) in the case of the Initial Interest Period of a Fixed Spread Loan, the day two London Banking Days prior to the first or fifteenth day of the month in which the Loan Agreement is signed, whichever day immediately precedes the date of the Loan Agreement; provided, that if the date of the Loan Agreement falls on the first or fifteenth day of such month, the LIBOR Reset Date shall be the day two London Banking Days prior to the date of the Loan Agreement; and (iii) if the Conversion Date of a Currency Conversion of an amount of the Unwithdrawn Loan Balance to any Approved Currency other than Euro falls on a day other than a Payment Date, the initial LIBOR Reset Date for the Approved Currency shall be the day two London Banking Days prior to the first or fifteenth day of the month in which the Conversion Date falls, whichever day immediately precedes the Conversion Date; provided, that if the Conversion Date falls on the first or fifteenth day of such month, the LIBOR Reset Date for the Approved Currency shall be the day two London Banking Days prior to the Conversion Date); (b) for Euro, the day two Target Settlement Days prior to the first day of the relevant Interest Period (or: (i) in the case of the initial Interest Period for a Variable Spread Loan, the day two Target Settlement Days prior to the fifteenth day of the month preceding the month in which the Loan Agreement is signed; provided that if the date of the Loan Agreement falls on or after the fifteenth day of the month in which the Loan Agreement is signed, the LIBOR Reset Date shall be the day two Target Settlement Days prior to the fifteenth day of such month; (ii) in the case of the Initial Interest Period for a Fixed Spread Loan, the day two Target Settlement Days prior to the first or fifteenth day of the month in which the Loan Agreement is signed, whichever day immediately precedes the date of the Loan Agreeme...
LIBOR Reset Date means the day two London Banking Days prior to the first day of the relevant period on which interest becomes payable;
Examples of LIBOR Reset Date in a sentence
The second London Banking Day preceding the first day of each Interest Accrual Period (and, in the case of the second portion of the first Interest Accrual Period, the second London Banking Day preceding the LIBOR Reset Date).
The accretion shall be calculated using the actual number of days elapsed from and including the LIBOR Reset Date to but excluding the next LIBOR Reset Date divided by 360.
The Accreted Principal Amount will accrete daily, beginning on February 7, 2032, at the applicable Variable Yield applied to the Accreted Principal Amount of the Security as of the day immediately preceding the most recent LIBOR Reset Date.
The Accreted Principal Amount will accrete daily at the applicable Variable Yield applied to the Accreted Principal Amount of the Security as of the day immediately preceding the most recent LIBOR Reset Date.
For the avoidance of doubt, during the Floating Rate Period, if any LIBOR Reset Date falls on a day that is not a Business Day, the LIBOR Reset Date shall be postponed to the next day that is a Business Day, which shall also be the Dividend Payment Date for the preceding Dividend Period.
More Definitions of LIBOR Reset Date
LIBOR Reset Date means the first day of any Interest Period.
LIBOR Reset Date means the day two (2) London Banking Days prior to the first day of the relevant Interest Period (or, in the case of the initial Interest Period, the day two (2) London Banking Days prior to the first (1st) or fifteenth (15th) day of the month in which the Loan Agreement is signed, whichever day immediately precedes the date of the Loan Agreement; provided that if the date of the Loan Agreement falls on the first (1st) or fifteenth (15th) day of such month, the LIBOR Reset Date shall be the day two (2) London Banking Days prior to the date of the Loan Agreement).
LIBOR Reset Date means the first day of each Interest Period prior to February 7, 2032, and, beginning on February 7, 2032, February 7, May 7, August 7 and November 7 of each year; provided that, if any LIBOR Reset Date would otherwise be a day that is not a Business Day, such LIBOR Reset Date shall be postponed to the next succeeding Business Day, except if such Business Day falls in the next succeeding calendar month, such LIBOR Reset Date will be the immediately preceding Business Day.
LIBOR Reset Date means the first day of each Interest Period prior to September 21, 2031, and, beginning on September 21, 2031, March 21, June 21, September 21 and December 21 of each year; provided that, if any LIBOR Reset Date would otherwise be a day that is not a Business Day, such LIBOR Reset Date shall be postponed to the next succeeding Business Day, except if such Business Day falls in the next succeeding calendar month, such LIBOR Reset Date will be the immediately preceding Business Day.
LIBOR Reset Date shall read as follows: ““LIBOR Reset Date” means:
LIBOR Reset Date has the meaning specified in Section 7.3(b)(ii).
LIBOR Reset Date means, commencing on September 1, 2017, and continuing thereafter, the first day of each Libor Interest Period.