Six-Month LIBOR. The average of interbank offered rates for six-month U.S. dollar deposits in the London market based on quotations of major banks.

Six-Month LIBOR. With respect to the first Accrual Period, the Initial Six-Month LIBOR Rate. With respect to each subsequent Accrual Period, a per annum rate determined on the immediately preceding LIBOR Determination Date for the Class A-2 Certificates in the following manner by the Securities Administrator on the basis of the "Interest Settlement Rate" set by the BBA for six-month United States dollar deposits, as such rates appear on the Telerate Page 3750, as of 11:00 a.m. (London time) on such LIBOR Determination Date.

Six-Month LIBOR. The per annum rate equal to the average of interbank offered rates for Six-Month U.S. dollar-denominated deposits in the London market based on quotations of major banks as published in The Wall Street Journal and most recently available as of the time specified in the related Mortgage Note. Sponsor: Nomura Credit & Capital, Inc., a Delaware corporation, and its successors and assigns, in its capacity as seller of the Mortgage Loans to the Depositor.

Examples of Six-Month LIBOR in a sentence

Index: Either the One-Month LIBOR Index or the Six-Month LIBOR Index.
Index: Either the Six-Month LIBOR Index or the One-Year LIBOR Index.
Amounts on deposit in the 6M Sub-account (exclusive of investment earnings thereon) shall solely be applied to acquire Subsequent Mortgage Loans for inclusion in Pool 1 which constitute Six-Month LIBOR Loans.
Index: [Either the One-Month LIBOR Index or the Six-Month LIBOR Index].
On each Interest Determination Date the Securities Administrator shall determine One-Month LIBOR and Six-Month LIBOR and the related Note Interest Rate for each Class of related Notes for the following Accrual Period and shall make such information available pursuant to Section 7.05 hereof to the Indenture Trustee, the Issuer, the related Servicer, the Insurer and the Depositor.

More Definitions of Six-Month LIBOR

Six-Month LIBOR means the USD-LIBOR-BBA rate with a Designated Maturity of six months commencing on the Interest Reset Date.

Six-Month LIBOR. With respect to any Accrual Period, the rate determined by the Securities Administrator on the related Interest Determination Date on the basis of the London interbank offered rate for six-month United States dollar deposits, as such rates appear on the Telerate Screen Page 3750, as of 11:00 a.m. (London time) on such Interest Determination Date. In the event that on any Interest Determination Date, Telerate Screen Page 3750 fails to indicate the London interbank offered rate for six-month United States dollar deposits, then Six-Month LIBOR for the related Accrual Period will be established by the Securities Administrator as follows:

Six-Month LIBOR means with respect to any LIBOR Determination Date, a rate determined on the basis of the offered rates for six-month United States dollar deposits of not less than a principal amount equal to that which is representative for a single transaction in such market at such time, commencing on the second Business Day immediately following such LIBOR Determination Date, which appears on US LIBOR Telerate Page 3750 (or a successor page) as of approximately 11:00 a.m., London time, on such LIBOR Determination Date.

Six-Month LIBOR. The per annum rate equal to the average of the interbank offered rates for six month United States dollar deposits in the London market as published in The Wall Street Journal and are most recently available as of the date specified in the related Mortgage Note.

Six-Month LIBOR. For any Mortgage Loan as of an interest rate adjustment date for such loan, a per annum rate equal to the average of interbank offered rates for six-month U.S. dollar-denominated deposits in the London market based on quotations of major banks as published in The Wall Street Journal and as most recently available (i) as of the first business day of the month immediately preceding the month in which the adjustment date occurs or (ii) as of the date 45 days prior to the adjustment date.

Six-Month LIBOR means LIBOR for an “Interest Period” closest to six months.