LIBOR Reset Date definition

LIBOR Reset Date. (as re-numbered) is amended to read as follows:

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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

Upon determining the Index Floating Rate for a given LIBOR Reset Date, the Calculation Agent shall notify the Trustee of such rate by electronic mail (e-mail) or by telephone or in such other manner as may be appropriate on the date of such determination, which notice, if provided by telephone, shall be promptly confirmed in writing.
Thereafter, each Index Floating Rate shall apply to the period commencing on and including a LIBOR Reset Date and ending on the last day of the calendar month in which the LIBOR Reset Date occurs.
The interest rate for any period beginning from and including a LIBOR Reset Date to but excluding the next LIBOR Reset Date will be equal to the 3-Month LIBOR Rate plus the Applicable Spread per annum.
The initial interest rate for the Loan for the period from and including the Closing Date to but excluding the first LIBOR Reset Date will be calculated using 3-Month LIBOR as determined by the Borrower on the second London Banking Day preceding the Closing Date.
LIBOR shall be adjusted as of each LIBOR Reset Date to reflect the most recently published rate (regardless of the stated effective date for such rate) and be applied to all Obligations making reference to the LIBOR until the subsequent adjustment.

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 each March 1, June 1, September 1 and December 1.

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 shall read as follows: ““LIBOR Reset Date” means:

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 means, commencing on September 1, 2017, and continuing thereafter, the first day of each Libor Interest Period.