Sterling LIBOR definition
Sterling LIBOR means the London InterBank Offered Rate denominated in Sterling; and
Sterling LIBOR means shall mean, with respect to each Interest Period applicable to any Sterling Denominated Loan, the British Bankers Association Interest Settlement Rate that appears on page 3750 (or other appropriate page if the relevant Primary Alternate Currency does not appear on such page) of the Dow Xxxxx Telerate Screen (or any successor page) for deposits in Sterling with maturities comparable to such Interest Period as of 11:00 A.M. (London time) on the date which is the same day as the commencement of such Interest Period or, if such rate does not appear on the Dow Xxxxx Telerate Screen (or any successor page), the offered quotations to prime banks in the London interbank market by the Administrative Agent for deposits in Sterling of amounts in same day funds comparable to the outstanding principal amount of such Sterling Denominated Loan with maturities comparable to such Interest Period determined as of 11:00 A.M. (London time) on the date which is two Business Days prior to the commencement of such Interest Period; provided that in the event the Administrative Agent has made any determination pursuant to Section 2.10(a)(i) in respect of Sterling Denominated Loans, or in the circumstances described in clause (i) to the proviso to Section 2.10(b) in respect of Sterling Loans, Sterling LIBOR determined pursuant to this definition shall instead be the rate determined by the Administrative Agent as the all-in-cost of funds for the Administrative Agent to fund the respective Sterling Denominated Loan with maturities comparable to the Interest Period applicable thereto.
Sterling LIBOR means the London Interbank Offered Rate for the British Pound.
Examples of Sterling LIBOR in a sentence
Investors should be aware that the market continues to develop in relation to SONIA as a reference rate in the capital markets and its adoption as an alternative to Sterling LIBOR.
Restricted cash at bank represents amounts lodged in support of guarantee commitments, earning interest at short term rates based on Sterling LIBOR.
The methodology of the project as it relates to microfilm preparation, quality control processes and general workflow procedures remains the same as it was during both previous grant cycles.
Investors should be aware that the market continues to develop in relation to the SONIA® as a reference rate in the capital markets and its adoption as an alternative to Sterling LIBOR.
The Programme provides for the issuance of Floating Rate Notes with interest determined on the basis of the reference rates SONIA, SOFR and €STR.Investors should be aware that the market continues to develop in relation to SONIA SOFR and €STR as reference rates in the capital markets and the adoption of SONIA and SOFR as an alternative to Sterling LIBOR or Dollar LIBOR, respectively.
More Definitions of Sterling LIBOR
Sterling LIBOR when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Adjusted Sterling LIBO Rate.
Sterling LIBOR means, with respect to each Interest Period for any Loan denominated in Pounds Sterling, (I) the rate per annum that appears on page 3750 (or other appropriate page if such currency does not appear on such page) of the Dow Xxxxx Telerate Screen (or any successive page) with maturities comparable to such Interest Period as of 11:00 A.M. (London time) on the date which is the commencement date of such Interest Period or, if such a rate does not appear on page 3750 (or such other appropriate page) of the Dow Xxxxx Telerate Screen (or any successor page) the offered quotations to first-class banks in the London interbank Eurodollar market by Barclays for Pounds Sterling deposits of amounts in same day funds comparable to the outstanding principal amount of such Loans with maturities comparable to such Interest Period determined as of 11:00 A.M. (London time) on the date which is the commencement of such Interest Period plus (II) the Associated Cost Rate for such Loans for such Interest Period.
Sterling LIBOR means the Eurocurrency Base Rate applicable to Eurocurrency Rate Loans denominated in Sterling.
Sterling LIBOR means, with respect to each Interest Period for any Loan denominated in Pounds Sterling, (I) the rate per annum that appears on page 3750 (or other appropriate page if such currency does not appear on such page) of the Dow Jxxxx Telerate Screen (or any successive page) with maturities comparable to such Interest Period as of 11:00 A.M. (London time) on the date which is the commencement date of such Interest Period or, if such a rate does not appear on page 3750 (or such other appropriate page) of the Dow Jxxxx Telerate Screen (or any successor page) the offered quotations to first-class banks in the London interbank Eurodollar market by JPMorgan Chase for Pounds Sterling deposits of amounts in same day funds comparable to the outstanding principal amount of such Loans with maturities comparable to such Interest Period determined as of 11:00 A.M. (London time) on the date which is the commencement of such Interest Period plus (II) the Associated Cost Rate for such Loans for such Interest Period.
Sterling LIBOR means, with respect to any Sterling Libor Advance for any Interest Period, the rate of interest per annum as determined by TDUK to be the arithmetic mean (rounded upwards, if necessary, to the nearest four decimal places) of the offered quotations in Sterling and for the Interest Period which appear on the display designated as page "LIBP" on the Xxxxxx Monitor Money Rates Service (or such other displays, pages or service as may replace those displays, pages or service, as the case may be, or such system for the purpose of displaying London interbank offered rates of leading banks as there may be from time to time) as at 11:00 a.m. (London time) two Business Days before the first day of such Interest Period, plus the applicable Mandatory Liquid Asset Cost;
Sterling LIBOR means the Sterling wholesale funding rate known as Sterling LIBOR (London Interbank Offered Rate) provided by ICE Benchmark Administration Limited, as the administrator of the benchmark, (or a successor administrator);
Sterling LIBOR means the LIBO Rate applicable to Eurocurrency Borrowings denominated in Sterling.