LONDON INTERBANK OFFERED definition

LONDON INTERBANK OFFERED. RATE" applicable to any Interest Period means a rate per annum equal to the quotient obtained (rounded upward, if necessary, to the next higher 1/100 of 1%) by dividing (i) the applicable London Interbank Offered Rate by (ii) 1.00 minus the Euro-Dollar Reserve Percentage.
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LONDON INTERBANK OFFERED. RATE means, for any Interest Period for a LIBOR Loan, the rate per annum (rounded upward, if necessary, to the nearest 1/16th of 1%) quoted at approximately 11:00 a.m., London time, by major banks in the London interbank eurodollar market two (2) Business Days prior to the first day of such Interest Period for the offering to leading banks in the London interbank market of Dollar deposits for a period, and in an amount, comparable to the Interest Period and principal amount of the LIBOR Loan which shall be made by Secured Party and outstanding during such Interest Period.
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Examples of LONDON INTERBANK OFFERED in a sentence

  • For the purpose of this document, LIBOR, THE "LONDON INTERBANK OFFERED RATE", is understood to be the arithmetical average of the interest rates offered in the interbank market in London, England, by the principal Banks of that city, for three (3) month term deposits, determined at 11:00 a.m., London time, as published by REUTERS.

  • A margin of 2.50 percentage points over the one month LONDON INTERBANK OFFERED RATE ("LIBOR").

  • Except as provided below, the interest rate on all Loans under this Note (i) made prior to September 30, 2009 will be 2.40% above the following index rate: LONDON INTERBANK OFFERED RATE 90 DAY (LIBOR) and (ii) made after September 30, 2009 and before September 28, 2010 will be the 90-day LIBOR Rate plus two hundred seventy-five basis points (2.75).

  • Resolution - A RESOLUTION OF THE INDUSTRIAL DEVELOPMENT BOARD OF THE CITY OF CHATTANOOGA, TENNESSEE AUTHORIZING AMENDMENT TO ITS VARIABLE RATE DEMAND BONDS (YOUNG MEN’S CHRISTIAN ASSOCIATION OF METROPOLITAN CHATTANOOGA PROJECT) SERIES 2010 AND RELATED DOCUMENTS TO PROVIDE FOR THE SUBSTITUTION OF THE LONDON INTER-BANK OFFERED RATE (LIBOR) WITH THE SECURED OVERNIGHT FINANCING RATE (SOFR).

  • The "LONDON INTERBANK OFFERED RATE" applicable to any Euro-Dollar Loan for any Interest Period means the rate appearing on the Screen at approximately 11:00 a.m., London time, on the Rate Fixing Date as the rate for deposits in dollars with a maturity comparable to such Interest Period.

  • You will need to convince them that this work is not just a “flavor of the month,” but a national fight against surgical complications.Share Real Patient StoriesSharing real stories of patient tragedies and triumphs can unify your organization around efforts to improve patient care.

  • SUMMARY OF ECONOMIC AND FINANCIAL INDICATORS 177A.1 NOMINAL AND REAL LONG-TERM U.S. TREASURY BONDYIELD AND PRIME INTEREST RATE (1966-1998) 178A.2 STATISTICS AND BESTFIT ANALYSIS RESULTS FOR THE LONG-TERM U.S. TREASURY BOND REAL YIELD AND THEPRIME REAL INTEREST RATE (1966-1998) 187A.3 NOMINAL AND REAL LONDON INTERBANK OFFERED RATE (LIBOR) (1983-1998) 192A.4 STATISTICS AND BESTFIT ANALYSIS RESULTS FOR THE LIBOR (1983-1998) 195A.5 SIMULATION ANALYSIS USED TO ARRIVE AT THE VARIABLE DISCOUNT RATE 198APPENDIX B.

  • The "LONDON INTERBANK OFFERED RATE" applicable to any Euro-Currency Loan for any Interest Period means the rate appearing on the Screen at approximately 11:00 a.m., London time, on the Rate Fixing Date as the rate for deposits in dollars or the relevant Alternative Currency with a maturity comparable to such Interest Period.

  • The "LONDON INTERBANK OFFERED RATE" applicable to any Interest Period means a rate of interest determined by the Agent on the basis of at least two offered rates for deposits in Dollars for a period equal to such Interest Period commencing on the first day of such Interest Period appearing on the Reuters Screen LIBO Page as of 11:00 A.M. (London time) on the day that is two Euro-Dollar Business Days prior to the first day of such Interest Period.

  • The coupon rates are reset periodically according to some pre- determined financial benchmark, like LIBOR + spread, where LIBOR is the LONDON INTER-BANK OFFERED RATE.

Related to LONDON INTERBANK OFFERED

  • London Interbank Offered Rate has the meaning set forth in Section 2.07(b).

  • Interbank Offered Rate means, for any Eurodollar Loan for any Interest Period therefor, the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) appearing on Reuters Screen LIBO Page as the London interbank offered rate for deposits in Dollars at approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period for a term comparable to such Interest Period; provided, however, if more than one rate is specified on Reuters Screen LIBO Page, the applicable rate shall be the arithmetic mean of all such rates (rounded upwards, if necessary, to the nearest 1/100 of 1%).

  • Adjusted London Interbank Offered Rate applicable to any Interest Period means a rate per annum equal to the quotient obtained (rounded upward, if necessary, to the next higher 1/100 of 1%) by dividing (i) the applicable London Interbank Offered Rate by (ii) 1.00 minus the Euro-Dollar Reserve Percentage.

  • London Inter-Bank Offered Rate means the interest rate at which the Bank's London Branch, London, Great Britain, would offer U.S. dollar deposits for the applicable interest period to other major banks in the London inter-bank market at approximately 11:00 a.m. London time two (2) London Banking Days before the commencement of the interest period. A "London Banking Day" is a day on which the Bank's London Branch is open for business and dealing in offshore dollars.

  • Interbank Rate means, for any period, (a) in respect of Loans denominated in Dollars, the Federal Funds Effective Rate and (b) in respect of Loans denominated in any other currency, the Agent’s cost of funds for such currency (as reasonably determined by the Agent) for such period.

  • London Banking Day means any day on which dealings in Dollar deposits are conducted by and between banks in the London interbank eurodollar market.

  • Relevant Interbank Market means, in relation to euro, the European interbank market and, in relation to any other currency, the London interbank market.

  • Euro-Dollar Reference Banks means the principal London offices of Xxxxxx Guaranty Trust Company of New York, Bank of America, N.A., The Bank of New York, The Bank of Nova Scotia and Citicorp USA, Inc.

  • Banking Day Financial Centre means the Banking Day Financial Centre as specified in § 1 of the Product and Underlying Data.

  • London Business Day Any day on which dealings in deposits of United States dollars are transacted in the London interbank market.

  • Reuters Screen LIBOR Page means the display on the Reuters screen LIBOR01 page or LIBOR02 page, as specified in applicable pricing supplement, on the Reuters 3000 Xtra service (or any successor service) (or any replacement page or pages on the Reuters 3000 Xtra service or any successor service on which London interbank rates of major banks for the relevant index currency are displayed).

  • Central Bank Rate Spread means, with respect to any RFR Banking Day, the difference (expressed as a percentage rate per annum) (calculated by the Administrative Agent) between: (i) XXXXX for that RFR Banking Day; and (ii) the Central Bank Rate prevailing at the close of business on that RFR Banking Day.

  • CD Reference Banks means The Chase Manhattan Bank and Xxxxxx Guaranty Trust Company of New York.

  • Reference Banks means, in the case of a determination of LIBOR, the principal London office of four major banks in the London inter-bank market and, in the case of a determination of EURIBOR, the principal Euro-zone office of four major banks in the Euro-zone inter-bank market, in each case selected by the Calculation Agent or as specified hereon.

  • Reference Bank Rate means the arithmetic mean of the rates (rounded upwards to four decimal places) supplied to the Administrative Agent at its request by the Reference Banks (as the case may be) as of the applicable time on the Quotation Day for Loans in the applicable currency and the applicable Interest Period as the rate at which the relevant Reference Bank could borrow funds in the London (or other applicable) interbank market in the relevant currency and for the relevant period, were it to do so by asking for and then accepting interbank offers in reasonable market size in that currency and for that period.

  • Reuters Screen LIBOR01 means the display page currently so designated on the Reuters Screen (or such other page as may replace that page on that service for the purpose of displaying comparable rates or prices).

  • Reuters Screen LIBO Page The display designated as page "LIBO" on the Reuters Monitor Money Rates Service (or such other page as may replace such LIBO page on that service for the purpose of displaying London interbank offered rates of major banks.

  • CIBOR means the Copenhagen interbank offered rate;

  • Eurodollar Market means a regular established market located outside the United States of America by and among banks for the solicitation, offer and acceptance of Dollar deposits in such banks.

  • New York Banking Day means any day except a Saturday, Sunday or a legal holiday in The City of New York or a day on which banking institutions in The City of New York are authorized or obligated by law, regulation or executive order to be closed.

  • Banks shall include the Agent in its individual capacity.

  • New York City Banking Day means any day on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits) in New York City;

  • Reuters Screen LIBOR01 Page means the display page currently so designated on the Reuters Monitor Money Rates (or such other page as may replace that page on that service, or such other service as may be nominated as the information vendor, for the purpose of displaying comparable rates or prices).

  • Alternative Currency Daily Rate means, for any day, with respect to any Credit Extension:

  • Telerate Page 3750 means the display page currently so designated on the Moneyline Telerate Service (or such other page as may replace that page on that service for the purpose of displaying comparable rates or prices).

  • Reuters Screen CDOR Page means the display designated as page CDOR on the Reuters Monitor Money Rates Service or such other page as may, from time to time, replace that page on that service for the purpose of displaying bid quotations for bankers’ acceptances accepted by leading Canadian banks.