STIBOR Rate definition
STIBOR Rate means, in relation to any Loan in Swedish Kronor for any day, a rate per annum equal to the Stockholm Interbank Offered Rate or, if such rate is not available, a comparable or successor rate, which rate is reasonably selected by the Administrative Agent, as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time) at or about 11:00 a.m. (Stockholm, Sweden time) for an amount comparable to the amount of that Loan on such day for overnight deposits and, if any such applicable rate is below zero, the STIBOR Rate for such day will be deemed to be zero; provided, t hat, after the date hereof and to the extent a comparable or successor rate is reasonably selected by the Administrative Agent (as contemplated above), such selected rate shall be applied in a manner consistent with market practice; provided, f urther that to the extent such market practice is not administratively feasible for the Administrative Agent, such selected rate shall be applied in a manner as otherwise reasonably determined by the Administrative Agent.
STIBOR Rate means, in the case of any Eurocurrency Borrowing denominated in SEK, with respect to any Interest Period, the Stockholm Interbank Offered Rate administered by the Swedish Bankers’ Association (or any other person that takes over administration of that rate) for deposits in Swedish Krona with a term equivalent to such Interest Period as displayed on such screen that displays such rate, or on the appropriate page of such other information service that publishes such rate as shall be selected by the Administrative Agent from time to time in its reasonable discretion (the “STIBOR Screen Rate) as of 11:00 a.m. London time two Business Days prior to the commencement of such Interest Period. If the STIBOR Rate shall be less than zero, the STIBOR Rate shall be deemed to be zero for purposes of this agreement.
STIBOR Rate means for any Loans in SEK, the STIBOR Screen Rate or the applicable Reference Bank Rate.
Examples of STIBOR Rate in a sentence
The Administrative Agent and its affiliates or other related entities may engage in transactions that affect the calculation of the Alternate Base Rate, the Daily Simple RFR, Daily Simple SOFR, Term SOFR, Term CORRA, the Adjusted EURIBO Rate, the AUD Rate, the TIBOR Rate, the STIBOR Rate, the BKBM Rate, any alternative, successor or replacement rate (including any Benchmark Replacement) or any relevant adjustments thereto, in each case, in a manner adverse to the Borrower.
The Administrative Agent and its affiliates or other related entities may engage in transactions that affect the calculation of the Alternate Base Rate, the Daily Simple RFR, Daily Simple SOFR, Term SOFR, the CDO Rate, Term CORRA, the Adjusted EURIBO Rate, the AUD Rate, the TIBOR Rate, the STIBOR Rate, the BKBM Rate, any alternative, successor or replacement rate (including any Benchmark Replacement) or any relevant adjustments thereto, in each case, in a manner adverse to the Borrower.
More Definitions of STIBOR Rate
STIBOR Rate means, with respect to any Interest Period, the rate per annum equal to the Stockholm Interbank Offered Rate or a successor thereto approved by the Administrative Agent (“STIBOR”) as published by Reuters (or such other page or commercially available source providing STIBOR quotations as may be designated by the Administrative Agent from time to time in its reasonable discretion) at or about 11:00 a m (Stockholm Sweden time) on the day that is two Term Benchmark Banking Days for SEK prior to the first day of the Interest Period (or if such day is not a Term Benchmark Banking Days for SEK, then on the immediately preceding Term Benchmark Banking Days for SEK) with a term equivalent to such Interest Period (the “STIBOR Screen Rate”). If the STIBOR Rate shall be less than zero (0.00%), the STIBOR Rate shall be deemed to be zero (0.00%) for purposes of this Agreement.
STIBOR Rate means, in relation to any Loan in Swedish Kronor for any day, a rate per annum equal to the Stockholm Interbank Offered Rate, as published on the applicable Reuters screen page (or if not available, such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time) for an amount comparable to the amount of that Loan on such day for overnight deposits and, if any such applicable rate is below zero, the STIBOR Rate for such day will be deemed to be zero.
STIBOR Rate means, in the case of any Eurocurrency Borrowing denominated in SEK, with respect to any Interest Period, the Stockholm Interbank Offered Rate administered by the Swedish Bankers’ Association (or any other person that takes over administration of that rate) for deposits in Swedish Krona with a term equivalent to such Interest Period as displayed on such screen that displays such rate, or on the appropriate page of such other information service that publishes such rate as shall be selected by the Administrative Agent from time to time in its reasonable discretion (the “STIBOR Screen Rate) as of 11:00 a.m. London time two Business Days prior to the commencement of such Interest Period. If the STIBOR Rate shall be less than zero, the STIBOR Rate shall be deemed to be zero for purposes of this agreement. “Stockholders’ Equity” means, at any date, the amount determined on a consolidated basis, without duplication, in accordance with GAAP, of stockholders’ equity for the Borrower and its Subsidiaries at such date. “Structured Finance Obligations” has the meaning assigned to such term in Section 5.13. “Structured Subsidiaries” means: (a) a direct or indirect Subsidiary of the Borrower which is formed (including prior to the Effective Date) in connection with, and which continues to exist 46 for the sole purpose of, obtaining and maintaining third-party financings and which engages in no material activities other than in connection with the purchase and financing of assets from the Obligors or any other Person, and which is designated by the Borrower (as provided below), as a Structured Subsidiary, so long as: (i) no portion of the Indebtedness or any other obligations (contingent or otherwise) of such Subsidiary (i) is Guaranteed by any Obligor (other than Guarantees in respect of Standard Securitization Undertakings), (ii) is recourse to or obligates any Obligor in any way other than pursuant to Standard Securitization Undertakings or (iii) subjects any property of any Obligor (other than property that has been contributed or sold or otherwise transferred to such Subsidiary in accordance with the terms Section 6.03(e) or 6.03(i)), directly or indirectly, contingently or otherwise, to the satisfaction thereof, other than pursuant to Standard Securitization Undertakings or any Guarantee thereof; (ii) no Obligor has any material contract, agreement, arrangement or understanding with such Subsidiary other than on terms no less favorable to such Obligor than those t...
STIBOR Rate means, with respect to any Interest Period, the rate per annum equal to the Stockholm Interbank Offered Rate or a successor thereto approved by the Administrative Agent (“STIBOR”) as published by Reuters (or such other page or commercially available source providing STIBOR quotations as may be designated by the Administrative Agent from time to time in its reasonable discretion) at or about 11:00 a.m. (Stockholm, Sweden time) on the day that is two Term Benchmark Banking Days for SEK prior to the first day of the Interest Period (or if such day is not a Term Benchmark Banking Days for SEK, then on the immediately preceding Term Benchmark Banking Days for SEK) with a term equivalent to such Interest Period (the “STIBOR Screen Rate”). If the STIBOR Rate shall be less than zero (0.00%), the STIBOR Rate shall be deemed to be zero (0.00% for purposes of this Agreement.