Examples of London Interbank Offered Rates in a sentence
You may be aware from the terms of your Facility that certain London Interbank Offered Rates (LIBORs) will be discontinued or calculated in a different manner as early as the end of this year.
Pursuant to the agreement, beginning on June 17, 1998, the Company will pay an average fixed rate of 7.375% on a notional $100,000,000 and receive a floating rate based on London Interbank Offered Rates (LIBOR) as determined at six month intervals through December 17, 2007.
The interest rate used is equal to XX basis points plus the average of the one month London Interbank Offered Rates (LIBOR) as published by The Wall Street Journal at the end of each calendar month ending during the current Accounting Period.
As used herein “LIBOR Rate” means the average of London Interbank Offered Rates (in U.S. dollar deposits) for a term of one month determined solely by Payee as of the second (2) Business Day prior to the first day of each Interest Period.
Under the other interest rate option, borrowings bear interest based on designated short-term Eurodollar rates (which generally approximate London Interbank Offered Rates or "LIBOR") plus 2.5% to 3.5%.