London Interbank Rate means the average rate at which U.S. Dollar deposits with a term equal to the applicable LIBOR Interest Period and in an amount equal to the LIBOR Rate Portion are offered to the Bank on the London Interbank Market.
London Interbank Rate means, for a LIBOR Rate borrowing and for the relevant Interest Period, the annual interest rate (rounded upward, if necessary, to the nearest 1/16th of one percent) equal to the quotient obtained by dividing (a) the rate that deposits in United States dollars are offered to Agent in the London interbank market at approximately 11:00 a.m. London, England time two (2) Business Days before the first day of that Interest Period as shown on the display designated as “British Bankers Assoc. Interest Settlement Rates” on the Telerate System (“Telerate”), page 3750 or Page 3740, or such other page or pages as may replace such pages on Telerate for the purpose of displaying such rate (provided that if such rate is not available on Telerate then such offered rate shall be otherwise independently determined by Agent from an alternate, substantially similar independent service available to Agent or shall be calculated by Agent by a substantially similar methodology as that theretofore used to determine such offered rate in Telerate) in an amount comparable to that LIBOR Rate borrowing and having a maturity approximately equal to that Interest Period by (b) one minus the LIBOR Reserve Percentage (expressed as a decimal) applicable to the relevant Interest Period.
London Interbank Rate means, for the applicable Interest Period, the rate of interest per annum (rounded upward, if necessary, to the next higher 1/16 of 1%) determined by Lender, in accordance with its customary general practice from time to time, to be the rate at which deposits in immediately available funds in Dollars are or would be offered or quoted by Lender to major banks in the London interbank market, as of approximately 11:00 a.m. London time, or as soon thereafter as practicable, on the second Business Day immediately preceding the first day of such Interest Period, for a term comparable to such Interest Period and in the amount of Five Million Dollars ($5,000,000.00). If no such offers or quotes are generally available for such amount, then Lender shall be entitled to determine the London Interbank Rate by estimating in its reasonable judgement the per annum rate (as described above) that would be applicable if such quotes or offers were generally available.
Examples of London Interbank Rate in a sentence
Shall mean, for purposes solely of calculation of the Collection Agent Fee, the London Interbank Mean Rate (LIMEAN) for one-month deposits in U.S. Dollars that appears on the London Interbank Rate page (referenced as LIUS01M; "MID"), of the Bloomberg News Service (or any other page that may replace any such page on such service in the reasonable judgment of Purchaser) for the Business Day of any such Collection Agent Fee payment.
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The F&GP Committee had also explored the options in response to the London Interbank Rate (LIBOR), which is set to be abolished on 31 December 2021 and made recommendation to the Corporation that the College adopts ‘Bank Rate’ to replace LIBOR as the determinant of variable interest rates in the College loan facilities.
If these two items are included, the fraction of short term debt becomes 80%.debt, on favorable terms: the maturity of its debt was extended to between one and three years, at between 2.25 and 2.75 percentage points above the six month London Interbank Rate, with 80 percent of loans between two and three year’s maturity, and the banks received government guarantees on $24 billion of the debt.
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More Definitions of London Interbank Rate
London Interbank Rate means the per annum rate of interest (rounded upward to the nearest 1/8 of 1%) at which United States dollar deposits in immediately available and freely transferable funds, would be offered to Payee on the applicable Interest Rate Conversion Date as of 10:00 a.m. New York City time (or at such time on the next LIBOR Business Day closest to the Interest Rate Conversion Date), which deposits are in immediately available funds, for a period comparable to the applicable LIBOR Period and in an amount comparable to the specified Designated LIBOR Rate Amount.
London Interbank Rate means, for any Eurodollar Advance for any Interest Period therefor, the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) appearing on Telerate Page 3750 (or any successor 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. If for any reason such rate is not available, the term "London Interbank Rate" shall mean, for any Eurodollar Advance 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.
London Interbank Rate means with respect to LIBOR Loans for the relevant Interest Period the per annum rate of interest determined by the Agent as the per annum rate of interest quoted by the Agent at which Dollar deposits are offered by the Agent to prime banks in the London interbank market at approximately 11:00 a.m., London time, two Business days prior to the first day of such Interest Period, which deposits are for a period equal to such Interest Period and in an amount substantially equal to the Agent's (in its capacity as a Lender) Specified Percentage of such LIBOR Loans.
London Interbank Rate means, for any Eurodollar Loan in respect of --------------------- any Interest Period relating thereto, the rate of interest per annum published in The Wall Street Journal on the Business Day prior to the date ----------------------- of the Eurodollar Loan as the "London Interbank Offered Rate (LIBOR)" for a period equal to the applicable Interest Period. If publication of such rate shall be suspended or terminated, London Interbank Rate shall mean, for any Eurodollar Loan in respect of any Interest Period relating thereto, the rate of interest per annum determined by the Lender on the date one Business Day prior to the date of the Eurodollar Loan to be the rate for the offering to the Lender in the London Interbank Market of United States dollars for deposit in immediately available funds for the applicable Interest Period and for an amount similar to the principal amount of the requested Eurodollar Loan.
London Interbank Rate means the average rate at which U.S. dollar deposits with a term equal to the applicable LIBOR interest period and in an amount equal to the LIBOR rate portion are offered to M&I on the London Interbank market. "Reserve Percentage" means the Federal Reserve system requirement (expressed as a percentage) applicable to the dollar deposits used in calculating the LIBOR Rate above.
London Interbank Rate means, with respect to any Interest Period (defined below), (a) the London Interbank Offered Rate for U.S. dollar deposits for a period comparable to such Interest Period appearing on the Bloomberg screen page BBAM (or such other page as may replace such page on such service, or on another service designated by the British Bankers' Association, for the purpose of displaying the rates at which U.S. dollar deposits are offered by leading banks in the London interbank deposit market) as of 11:00 a.m., London time, on the date that is two London Business Days prior to the first day of such Interest Period, (b) if such method for determining the London Interbank Offered Rate shall not be available, the parties shall agree on a substitute method for such determination on such day, or (c) if such agreement is not reached on such day, a rate, for such Interest Period reasonably determined by the Lender as the rate then being paid by first-class banking organizations in the London interbank market for deposits of an amount equal to the principal amount of the relevant Loan and with a maturity comparable to such Interest Period.
London Interbank Rate means, with respect to any Interest Period, --------------------- the rate of interest per annum published in The Wall Street Journal on the business day prior to the effective date of the applicable Eurodollar Rate as the "London Interbank Offered Rate (LIBOR)" for the applicable Interest -------------------------------------