Three Month EURIBOR means the Euro Interbank Offered Rate with a maturity date of three months as advertised by the Euribor EBF Secretariat;
Three Month EURIBOR. ’ means the rate for deposits in euro for a period of three months which appears on the Relevant Screen Page as of 11.00 a.m.,Brussels time,(or such other time as may be customary for the daily reset of such rate) on the day that is two TARGET Settlement Days preceding the ¢rst day of the relevant Preferred Dividend Period.
Three Month EURIBOR means in relation to a Coupon Period commencing on or after the Reset Date, the rate for deposits in euro for a period of three months which appears on the Relevant Screen Page as of 11.00 a.m. Central European Time (or such other time as may be customary for the daily reset of such rate) on the relevant Interest Determination Date. If such rate does not appear on the Relevant Screen Page on the Interest Determination Date for a Coupon Period, then Three Month EURIBOR for the Coupon Period will be determined on the basis of the rates at which deposits in euro are offered by the Reference Banks at approximately 11.00 a.m., Central European Time, on the Interest Determination Date in question to prime banks in the Euro-zone interbank market for a period of three months commencing on the first day of such Coupon Period and in a Representative Amount. The Principal Paying Agent shall request the principal Euro-zone office of each of the Reference Banks to provide a quotation of its rate. If at least two quotations are provided, Three Month EURIBOR for such Coupon Period shall be the arithmetic mean of such quotations.
Examples of Three Month EURIBOR in a sentence
The MAF is determined using the closing prices of the ICE Three Month EURIBOR Futures for the quarterly months (March, June, September and December).
As a result of such mismatch, an increase in the level of Three Month EURIBOR could adversely impact the ability of the Issuer to make payments on the Senior Notes.
The Claims have or may have interest payments calculated on a fixed rate basis (in case of Mortgage Loans with an Optional Rate or Mixed Rate) or a floating rate basis (which may be different from the EURIBOR applicable under the Senior Notes and may have different fixing mechanism), whilst the Senior Notes will bear interest at a rate based on Three Month EURIBOR determined on each Interest Determination Date, subject to and in accordance with the Conditions.
There could be a rate mismatch between interest accruing on the Rated Notes and on the Panda NPL Portfolio due to the fact that interest on the Receivables is calculated at a different rate from the Rated Notes.An increase in the level of Three Month EURIBOR (based on which interest payable on the Class A Notes and on the Class J Notes is calculated) could adversely impact the ability of the Issuer to make payments on the Rated Notes.
As a result of such mismatch, an increase inthe level of the Three Month EURIBOR or on the Six Month EURIBOR, as the case may be, could adversely impact the ability of the Issuer to make payments on the Rated Notes.
More Definitions of Three Month EURIBOR
Three Month EURIBOR means, in relation to such Interest Period, either (i) the offered quotation, or (ii) the arithmetic mean (rounded if necessary to the fifth decimal place, with 0.000005 being rounded upwards) of the offered quotations for deposits in euro with a designated maturity of three months as quoted on an Actual/360 basis which appears on the Relevant Screen Page as of 11.00 a.m., Brussels time (or such other time as may be customary for the daily reset of such rate) (the “Specified Time”), on the relevant Interest DeterminationDate. If five or more of such offered quotations are available on the Relevant Screen Page, the highest (or, if there is more than one such highest quotation, one only of such quotations) and the lowest (or, if there is more than one such lowest quotation, one only of such quotations) shall be disregarded for the purpose of determining the arithmetic mean (rounded as provided above) of such offered quotations.If the Relevant Screen Page is not available or if no offered quotation appears or fewer than three offered quotations appear, in each case as at the Specified Time, then three month EURIBOR for the Interest Period will be determined on the basis of the rates at which deposits in euro are offered on an Actual/360 basis by the Reference Banks at approximately 11.00 a.m., Brussels time, on the Interest Determination Date in question to prime banks in the Euro-zone interbank market for a period of three months commencing on the first day of such Interest Period and in a Representative Amount. The Principal Paying Agent shall request each of the Reference Banks to provide a quotation of its rate. If at least two quotations are provided, three month EURIBOR for such Interest Period shall be the arithmetic mean (rounded if necessary to the fifth decimal place with 0.000005 being rounded upwards) of such quotations.If fewer than two quotations are provided as requested, three month EURIBOR for such Interest Period shall be the arithmetic mean (rounded if necessary to the fifth decimal place with 0.000005 being rounded upwards) of the rates quoted by leading banks in the Euro-zone selected by the Principal Paying Agent, at approximately 11.00 a.m., Brussels time, on the Interest Determination Date in question for loans in euros to leading European banks for a period of three months commencing on the first day of such Interest Period and in a Representative Amount except that, if the banks so selected by the Principal Paying Agent are not quoti...
Three Month EURIBOR and “Two-Month EURIBOR” means, for any Accrual period, the Euro interbank offered rate for deposits in Euros having the specified maturity commencing on the first day of the Accrual Period, as that rate appears on the Reuters EURIBOR01 Page, or another page of this or any other financial reporting service in general use in the financial services industry, as of 11:00 a.m. Brussels time, on the related EURIBOR Determination Date. If no rate is so reported on the related EURIBOR Determination Date, the rate for that day will be determined on the basis of the rates at which deposits in Euros, having the specified maturity and in a principal amount of not less than €1,000,000, are offered at approximately 11:00 a.m., Brussels time, on that EURIBOR Determination Date, to prime banks in the Euro zone interbank market by the Reference Banks (EURIBOR). The administrator will request the principal Euro zone office of each Reference Bank (EURIBOR) to provide a quotation of its rate. If the Reference Banks (EURIBOR) provide at least two quotations, the rate for that day will be the arithmetic mean of the quotations. If the Reference Banks (EURIBOR) provide fewer than two quotations, the rate for that day will be the arithmetic mean of the rates quoted by major banks in the Euro zone, selected by the Administrator, at approximately 11:00 a.m. Brussels time, on that EURIBOR Determination Date, for loans in Euros to leading European banks having the specified maturity and in a principal amount of not less than €1,000,000. If the banks selected as described above are not providing quotations, EURIBOR in effect for the applicable Accrual Period will be EURIBOR in effect for the previous Accrual Period.
Three Month EURIBOR means, with respect to any quarterly Interest Period, the rate (expressed as a percentage per annum) for deposits in euro for a three-month period that appears on Reuters Screen EURIBOR01 as of 11:00 a.m., Brussels time, on the second TARGET Settlement Day immediately preceding the first day of such Interest Period. If the Reuters Screen EURIBOR01 does not include such a rate or is unavailable on such date, the Calculation Agent will request the principal London office of each of four major banks in the Euro-zone inter-bank market, as selected by the Calculation Agent (after consultation with the Company), to provide such bank’s offered quotation (expressed as a percentage per annum) as of approximately 11:00 am., Brussels time, on such date, to prime banks in the Euro-zone inter-bank market for deposits in an amount in euro that is representative for a single transaction in such market and for a three-month period beginning on the day that is two TARGET Settlement Days after such date. If at least two such offered quotations are so provided, the rate for the Interest Period will be the arithmetic mean of such quotations. If fewer than two such quotations are so provided, the Calculation Agent will request each of three major banks in the Euro-zone inter-bank market, as selected by the Calculation Agent, to provide such bank’s rate (expressed as a percentage per annum), as of approximately 11:00 a.m., Brussels time, on such date. Rates quoted will be for loans in euro to leading European banks for a three-month period beginning on the day that is two TARGET Settlement Days after such date based on a principal amount that is representative of a single transaction in that market at that time. If at least two such rates are so provided, the rate for the Interest Period will be the arithmetic mean of such rates. If fewer than two such rates are so provided then the rate for the Interest Period will be the rate in effect with respect to the immediately preceding Interest Period, or, in the case of the quarterly Interest Period beginning on May 22, 2018, three-month EURIBOR will be 4.858%.
Three Month EURIBOR means, with respect to any Quarterly Interest Period, the rate (expressed as a percentage per annum) for deposits in euro for a three-month period that appears on Reuters Screen EURIBOR01 as of 11:00 a.m., Brussels time, on the second TARGET settlement day immediately preceding the first day of such Quarterly Interest Period. If the Reuters Screen EURIBOR01 does not include such a rate or is unavailable on such date, the Calculation Agent will request the principal London office of each of four major banks in the Euro-zone inter-bank market, as selected by the Calculation Agent (after consultation with the Company), to provide such bank's offered quotation (expressed as a percentage per annum) as of approximately 11:00 am., Brussels time, on such date, to prime banks in the Eurozone inter-bank market for deposits in an amount in euro that is representative for a single transaction in such market and for a three-month period beginning on the day that is two TARGET settlement days after such date. If at least two such offered quotations are so provided, the rate for the Quarterly Interest Period will be the arithmetic mean of such quotations. If fewer than two such quotations are so provided, the Calculation Agent will request each of three major banks in London, as selected by the Calculation Agent, to provide such bank's rate (expressed as a percentage per annum), as of approximately 11:00 a.m., London time, on such date. Rates quoted will be for loans in euro to leading European banks for a three-month period beginning on the day that is two TARGET settlement days after such date based on a principal amount that is representative of a single transaction in that market at that time. If at least two such rates are so provided, the rate for the Quarterly Interest Period will be the arithmetic mean of such rates. If fewer than two such rates are so provided then the rate for the Quarterly Interest Period will be the rate in effect with respect to the immediately preceding Quarterly Interest Period, or, in the case of the Quarterly Interest Period beginning on March 15, 2017, Three-month EURIBOR will be 3.879%.
Three Month EURIBOR means Euribor for three month deposits calculated as provided for in Condition 5.2 (Interest Rate) of the Notes.
Three Month EURIBOR means the Euro Interbank Offered Rate with a maturity date of three months as published by the European Banking Federation.”.
Three Month EURIBOR and “Two-Month EURIBOR” means, with respect to any Accrual Period, the Euro-zone interbank offered rate for deposits in Euros having the specified maturity commencing on the first day of the Accrual Period, which appears on Telerate Page 248 as of 11:00 a.m. Brussels time, on the related EURIBOR Determination Date. If an applicable rate does not appear on Telerate Page 248, the rate for that day will be determined on the basis of the rates at which deposits in Euros having the specified maturity and in a principal amount of not less than €1,000,000, are offered at approximately 11:00 a.m., Brussels time, on that EURIBOR Determination Date, to prime banks in the Euro-zone interbank market by the Reference Banks. The Administrator will request the principal Euro-zone office of each Reference Bank to provide a quotation of its rate. If the Reference Banks provide at least two quotations, the rate for that day will be the arithmetic mean of the quotations. If the Reference Banks provide fewer than two quotations, the rate for that day will be the arithmetic mean of the rates quoted by major banks in the Euro-zone, selected by the Administrator, at approximately 11:00 a.m. Brussels time, on that EURIBOR Determination Date, for loans in Euros to leading European banks having the specified maturity and in a principal amount of not less than €1,000,000. If the banks selected as described above are not providing quotations, EURIBOR in effect for the applicable Accrual Period will be EURIBOR for the specified maturity in effect for the previous Accrual Period.