Reserve Adjusted LIBOR Rate definition
Examples of Reserve Adjusted LIBOR Rate in a sentence
The Borrower shall pay interest on the outstanding and unpaid principal amount of each LIBOR Loan made under this Agreement for each Interest Period applicable to such LIBOR Loan at a rate per annum equal to the Reserve Adjusted LIBOR Rate in effect with respect thereto, plus the Margin.
In 2010, WDDC and WPBC entered into a partnership by which services were delivered by a single workforce across two local authority areas.
Interest will accrue on the daily outstanding balance of each Advance at a fluctuating rate per annum equal to the applicable "Reserve Adjusted LIBOR Rate" plus the applicable margin as set forth below for the selected Interest Period (see the attached Exhibit A which will be attached to and incorporated into the Line Note for terms and definitions which will apply to the interest rates based on a Reserve Adjusted LIBOR Rate).
Interest shall accrue on this Note from and ---------------------- after the date of disbursement ("Disbursement Date") at a variable annual rate equal to the one month Reserve Adjusted LIBOR Rate plus One Hundred (100) Basis Points, reset daily, (the "Adjusted LIBOR Rate").
The Borrower shall pay interest on the outstanding and unpaid principal amount of each LIBOR Loan made under this Agreement at a rate per annum equal to the Reserve Adjusted LIBOR Rate in effect with respect thereto, plus the applicable Margin.