Special LIBOR definition

Special LIBOR means, with respect to any Interest Period, the rate of interest per annum specified as the “$ Libor BBA Fixing – Interbank Fixing” rate (or any successor title) in the Financial Times under the table entitled “World Interest Rates – Domestic Money Rates” (or any successor title) in effect on the day two Business Days prior to the first day of the relevant Interest Period for a term similar to the term of such Interest Period. If no rate is specified for such day, the applicable rate shall be the rate specified for the immediately preceding day for which a rate is specified, and if more than one rate is specified, the applicable rate shall be the highest of all such rates. In the event the Financial Times either completely ceases publication or discontinues publication of the Dollar LIBOR Interbank fixing rate, then Ex-Im Bank shall determine Special LIBOR by reference to a financial publication with a similar international or U.S. circulation, which publication shall be selected by Ex-Im Bank in its sole discretion.
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Special LIBOR means, with respect to any Interest Period, the rate of interest per annum specified as the Dollar LIBOR Interbank fixing rate in the Financial Times under the table entitled "Money Rates", in effect on the day two Business Days prior to the first day of the relevant Interest Period for a term similar to the term of such Interest Period. If no rate is specified for such day, the applicable rate shall be the rate specified for the immediately preceding day for which a rate is specified, and if more than one rate is specified, the applicable rate shall be the highest of all such rates. In the event the Financial Times either completely ceases publication or discontinues publication of the Dollar LIBOR Interbank fixing rate, then Eximbank shall determine Special LIBOR by reference to a financial publication with a similar international or U.S. circulation, which publication shall be selected by Eximbank in its sole discretion.
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Special LIBOR means, with respect to any Interest Period, the rate of interest equal to the per annum rate of interest at which United States dollar deposits for a one year period are offered in the London Interbank Eurodollar market at 11:00 a.m. (London time) two Business Days prior to the commencement of the relevant Interest Period, as displayed in the Bloomberg Financial Markets system (“BFMS”), or, if BFMS is unavailable for any reason, by reference to a financial publication or other financial data service with a similar international or U.S. circulation selected by Ex-Im Bank, in its sole discretion, such rate of interest to remain fixed for such Interest Period. If no rate of interest is specified for such day, the applicable rate of interest shall be the rate specified for the immediately preceding day for which a rate is specified, and if more than one rate of interest is specified, the applicable rate shall be the highest of all such rates. Ex-Im Bank’s determination of Special LIBOR shall be conclusive, absent manifest error.
Sample 1

Examples of Special LIBOR in a sentence

  • All references to Special LIBOR remain even if an alternative Reference Rate is used in place of LIBOR.

  • Any Lender whose obligation to make LIBOR Advances has been suspended under this Section 3.8(b) shall promptly notify the Administrative Agent and Borrower of the cessation of the Special LIBOR Circumstance which gave rise to such suspension.

  • Notwithstanding Section 2.02(c)(i) hereof, if Ex-Im Bank shall have made a claim payment under the Ex-Im Bank Guarantee with respect to a demand under a Floating Rate Global Note, then, beginning on the date of such claim payment, the unpaid principal amount of such Floating Rate Global Note shall bear interest at a rate per annum equal to Special LIBOR plus the Applicable Margin for all purposes, including, without limitation, Section 2.02(c)(v) hereof.


More Definitions of Special LIBOR

Special LIBOR means the rate of interest per an- num as determined by the Multicurrency Agent (rounded, if neces- sary, to the next higher multiple of 1/16%) at which overnight or weekend deposits of the appropriate Agreed Currency (or if such amount remains unpaid for more than three Business Days, then for such other period of time not longer than three months as the Multicurrency Agent may select in its absolute discretion) for delivery in immediately available and transferable funds would be offered by the Multicurrency Agent to major banks in the London interbank market upon request of such major banks for the ap- plicable period as determined above and in an amount comparable to the Multicurrency Agent's portion of the unpaid Obligations bearing interest at such rate (or, if the Multicurrency Agent is not placing such deposits in such Agreed Currency in the London interbank market, then the Multicurrency Agent's cost of funds in such Agreed Currency for such period).
Sample 1
Special LIBOR means, with respect to any Interest Period, the rate of interest per annum specified as the Dollar LIBOR interbank fixing rate in the Financial Times under the table entitled "Money Rates" in effect on the date two London Business Days prior to the first day of the relevant Interest Period for a term similar to the term of such Interest Period, If no rate is specified for such day, the applicable rate shall be the highest of all such rates. In the event the Financial Times either completely ceases publication or discontinues publication of the Dollar LIBOR interbank fixing rate, then Ex-Im Bank shall determine Special LIBOR by reference to a financial publication with a similar national or international circulation which publication shall be selected by Ex-Im Bank in its sole discretion.
Sample 1
Special LIBOR means the rate of interest per annum as determined by the Multicurrency Agent (rounded, if necessary, to the next higher multiple of 1/16%) at which overnight or weekend deposits of the appropriate Currency (or if such amount remains unpaid for more than three Business Days, then for such other period of time not longer than three months as the Multicurrency Agent may select in its absolute discretion) for delivery in immediately available and transferable funds would be offered by the Multicurrency Agent to major banks in the London interbank market upon request of such major banks for the applicable period as determined above and in an amount comparable to the Multicurrency Agent's portion of the unpaid Obligations bearing interest at such rate (or, if the Multicurrency Agent is not placing such deposits in such Currency in the London interbank market, then the Multicurrency Agent's cost of funds in such Currency for such period).
Sample 1
Special LIBOR means, with respect to any Interest Period, the rate of interest equal to the per annum rate of interest at which United States dollar deposits for a one year period are Facility Agreement AP082872XX-Singapore offered in the London Interbank Eurodollar market at 11:00 a.m. (London time) two Business Days prior to the commencement of the relevant Interest Period, as displayed in the Bloomberg Financial Markets system (“BFMS”), or, if BFMS is unavailable for any reason, by reference to a financial publication or other financial data service with a similar international or U.S. circulation selected by Ex-Im Bank, in its sole discretion, such rate of interest to remain fixed for such Interest Period. If no rate of interest is specified for such day, the applicable rate of interest shall be the rate specified for the immediately preceding day for which a rate is specified, and if more than one rate of interest is specified, the applicable rate shall be the highest of all such rates. Ex-Im Bank’s determination of Special LIBOR shall be conclusive, absent manifest error.
Sample 1
Special LIBOR means the rate of interest per annum as determined by the Agent (rounded, if necessary, to the next higher multiple of 1/100%) at which overnight or weekend deposits of the appropriate Currency (or if such amount remains unpaid for more than three Business Days, then for such other period of time not longer than three months as the Agent may select in its absolute discretion) for delivery in immediately available and transferable funds would be offered by the Agent to major banks in the London interbank market for the applicable period as determined above and in an amount comparable to the Agent's portion of the unpaid Multicurrency Syndicated Loans bearing interest at such rate (or, if the Agent is not offering such deposits in such Currency in the London interbank market, then the Agent's cost of funds in such Currency for such period).
Sample 1
Special LIBOR means, with respect to any Interest Period, the rate of interest per annum specified as the London Interbank Offered Rate (LIBOR) on the Reuters Decision 2000 application under the Price History Display in effect on the day two Business Days prior to the first day of the relevant Interest Period for a term similar to the term of such Interest Period. If no rate is specified for such day, the applicable rate shall be the rate specified for the immediately preceding day for which a rate is specified, and if more than one rate is specified, the applicable rate shall be the highest of all such rates.
Sample 1

Related to Special LIBOR

  • Three-Month LIBOR means the rate (expressed as a percentage per annum) for deposits in United States dollars for a three-month period commencing on the first day of a Dividend Period that appears on the Reuters Screen LIBOR01 Page as of 11:00 a.m. (London time) on the LIBOR Determination Date for that Dividend Period. If such rate does not appear on Reuters Screen LIBOR01 Page, Three-month LIBOR will be determined on the basis of the rates at which deposits in United States dollars for a three-month period commencing on the first day of that Dividend Period and in a principal amount of not less than $1 million are offered to prime banks in the London interbank market by four major banks in the London interbank market selected by the Calculation Agent (after consultation with the Company), at approximately 11:00 a.m., London time, on the LIBOR Determination Date for that Dividend Period. The Calculation Agent will request the principal London office of each of such banks to provide a quotation of its rate. If at least two such quotations are provided, Three-month LIBOR with respect to that Dividend Period will be the arithmetic mean (rounded upward if necessary to the nearest whole multiple of 0.00001%) of such quotations. If fewer than two quotations are provided, Three-month LIBOR with respect to that Dividend Period will be the arithmetic mean (rounded upward if necessary to the nearest whole multiple of 0.00001%) of the rates quoted by three major banks in New York City selected by the Calculation Agent (after consultation with the Company), at approximately 11:00 a.m., New York City time, on the LIBOR Determination Date for that Dividend Period for loans in United States dollars to leading European banks for a three-month period commencing on the first day of that Dividend Period and in a principal amount of not less than $1 million. However, if fewer than three banks selected by the Calculation Agent to provide quotations are quoting as described above, Three-month LIBOR for that Dividend Period will be the same Three-month LIBOR as determined for the previous Dividend Period or, in the case of the Dividend Period beginning on April 30, 2018, 2.920%. The determination of Three-month LIBOR for each relevant Dividend Period by the Calculation Agent will (in the absence of manifest error) be final and binding.

  • CDOR Rate is defined in the definition of “Eurocurrency Rate” herein.

  • LIBOR has the meaning specified in the definition of Eurodollar Rate.

  • LIBOR Index Rate means, for any Interest Period, the rate per annum (rounded upwards, if necessary, to the next higher one-sixteenth of one percent) for deposits in U.S. Dollars for delivery on the first day of and for a period equal to such Interest Period in an amount equal or comparable to the principal amount of the Eurodollar Loan scheduled to be made by each Lender as part of such Borrowing, which appears on the Applicable Telerate Page as of 11:00 a.m. (London, England time) on the day two (2) Business Days before the commencement of such Interest Period.

  • Published Rate means the rate of interest published each Business Day in The Wall Street Journal “Money Rates” listing under the caption “London Interbank Offered Rates” for a one month period (or, if no such rate is published therein for any reason, then the Published Rate shall be the rate at which U.S. dollar deposits are offered by leading banks in the London interbank deposit market for a one month period as published in another publication selected by the Administrative Agent).

  • LIBOR Daily Floating Rate means, for any day, a fluctuating rate of interest per annum equal to LIBOR as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by Administrative Agent from time to time), at approximately 11:00 a.m., London time, two (2) London Banking Days prior to such day, for Dollar deposits with a term of one (1) month commencing that day; provided that if the LIBOR Daily Floating Rate shall be less than zero, such rate shall be deemed zero for purposes of the Loan Documents.

  • LIBOR Rate means a rate per annum (rounded upwards, if necessary, to the next higher 1/100th of 1%) determined by the Administrative Agent pursuant to the following formula: LIBOR Rate = LIBOR 1.00-Eurodollar Reserve Percentage

  • Adjusted LIBOR Rate means, at any time with respect to any LIBOR Loan, a rate per annum equal to the LIBOR Rate as in effect at such time plus the Applicable Margin Percentage for LIBOR Loans as in effect at such time.

  • LIBO Rate means, with respect to any Eurodollar Borrowing for any Interest Period, the rate appearing on Page 3750 of the Telerate Service (or on any successor or substitute page of such Service, or any successor to or substitute for such Service, providing rate quotations comparable to those currently provided on such page of such Service, as determined by the Administrative Agent from time to time for purposes of providing quotations of interest rates applicable to dollar deposits in the London interbank market) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period, as the rate for dollar deposits with a maturity comparable to such Interest Period. In the event that such rate is not available at such time for any reason, then the "LIBO Rate" with respect to such Eurodollar Borrowing for such Interest Period shall be the rate at which dollar deposits of $5,000,000 and for a maturity comparable to such Interest Period are offered by the principal London office of the Administrative Agent in immediately available funds in the London interbank market at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period.

  • Yield Rate means, (i) with respect to any Eligible Treasury Security on deposit at any time in either of the Paired Holding Trusts, the stated interest rate of such Eligible Treasury, if any, or any discount rate applicable to such Eligible Treasury, based on the purchase date and purchase price at which the applicable Paired Holding Trust acquired that Eligible Treasury, and (ii) with respect to any Eligible Treasury Repurchase Agreement, the difference between the repurchase price and the purchase price paid under such agreement, with such difference expressed as a percentage of such purchase price.