Three-Month USD LIBOR definition

Three-Month USD LIBOR. ’ means, with respect to any Interest Period falling in a Floating Rate Period, the rate for deposits in dollars having maturities of three months commencing on the first day of the relevant Interest Period, which appears on the Designated LIBOR Page as of 11:00 am, London

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Three-Month USD LIBOR means, with respect to any LIBOR Determination Date, the London interbank offered rate for three-month (such period being referred to as the "Index Maturity") United States dollar deposits, commencing on the second London Banking Day (as defined herein) immediately following such LIBOR Determination Date, which appears on Telerate Page 3750 (as defined herein) as of 11:00 A.M., London time, on such LIBOR Determination Date. If Telerate Page 3750 is unavailable at such time, LIBOR for the appropriate Index Maturity will be determined at approximately 11:00 A.M., London time, on such LIBOR Determination Date on the basis of the rate at which LIBOR having such Index Maturity is offered by four major banks selected by the Calculation Agent in the London interbank market commencing on the second London Banking Day immediately following such LIBOR Determination Date. 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, LIBOR for such Index Maturity will be the arithmetic mean of such quotations. If fewer than two quotations are provided, LIBOR for a given Index Maturity for such LIBOR Determination Date will be the arithmetic mean of LIBOR quoted at approximately 11:00 A.M., New York City time, on such LIBOR Determination Date by three major banks in New York City selected by the Calculation Agent for LIBOR having such Index Maturity, commencing on the second London Banking Day immediately following such LIBOR Determination Date; provided, however, that if the banks selected as aforesaid by the Calculation Agent are not quoting as mentioned in this sentence, LIBOR for such Index Maturity will be LIBOR determined with respect to the Interest Accrual Period immediately preceding such current Distribution Date.

Three-Month USD LIBOR means the London Interbank Offered Rate for dollar deposits, as determined by the Agent Bank on the following basis:

Examples of Three-Month USD LIBOR in a sentence

The Calculation Agent will determine Three-Month USD LIBOR for each Interest Period on the second London Business Day prior to the first day of such Interest Period (the “Interest Determination Date”).
The interest rate per year for the Floating Rate Notes in any Floating Rate Notes Interest Period (which, for the avoidance of doubt, does not include the initial interest period) will be equal to Three-Month USD LIBOR plus 109 basis points (the “Floating Rate Notes Interest Rate”), as determined by the Calculation Agent.
For the Floating Rate Notes, (i) from and including the Issue Date to but excluding the Reset Date, at a floating rate per annum equal to Three-Month USD LIBOR plus 0.690%, and (ii) in the period from and including the Reset Date, at a floating rate per annum equal to Three-Month USD LIBOR plus 1.690%, in each case, payable quarterly in arrears on each February 15, May 15, August 15 and November 15, beginning on August 15, 2007.
The interest rate in effect during the initial interest period from, and including, October 23, 2017 to, but excluding, November 23, 2017 will be equal to Three-Month USD LIBOR, determined by the Calculation Agent two London Business Days prior to October 23, 2017, plus 109 basis points.
The interest rate in effect during the initial interest period from, and including, October 23, 2017 to, but excluding November 23, 2017 will be equal to Three-Month USD LIBOR, determined by the Calculation Agent two London Business Days prior to October 23, 2017, plus 109 basis points.
The interest rate per year for the Floating Rate Notes in any Floating Rate Notes Interest Period will be equal to Three-Month USD LIBOR plus 112 basis points (the “Floating Rate Notes Interest Rate”), as determined by the Calculation Agent.

More Definitions of Three-Month USD LIBOR

Three-Month USD LIBOR means, with respect to any Interest Determination Date:

Three-Month USD LIBOR means, with respect to any Interest Period falling in a Floating Rate Period, the rate for deposits in Dollars having maturities of three months commencing on the first day of the relevant Interest Period, which appears on the Designated LIBOR Page as of 11:00 a.m., London time, on the relevant Interest Determination Date. If such rate does not so appear on the Designated LIBOR Page, the rate in respect of such Interest Period will be determined on the basis of the rates at which deposits in Dollars are offered 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 relevant Interest Determination Date to prime banks in the London interbank market for a period of three months commencing on the first day of the relevant Interest Period and in a principal amount equal to not less than $1,000,000 that is representative for a single transaction in such market at such time. In such case, the Calculation Agent will request the principal London office at each of such major banks to provide a quotation of such rate. If at least two such quotations are provided in respect of such Interest Period, Three-Month USD LIBOR for that Interest Period will be the arithmetic mean of the quotations, and, if fewer than two quotations are provided as requested in respect of such Interest Period, Three-Month USD LIBOR for that Interest Period will be the arithmetic mean of the rates quoted by three major banks in New York, New York, selected by the Calculation Agent (after consultation with the Company), at approximately 11:00 a.m., New York time, on the relevant Interest Determination Date for loans in Dollars to leading European banks for a period of three months commencing on the first day of the relevant Interest Period and in a principal amount equal to not less than $1,000,000 that is representative for a single transaction in such market at such time; provided, however, if fewer than three banks selected by the Calculation Agent to provide such quotations are quoting as described above, Three-Month USD LIBOR for such Interest Period will be the same as Three-Month USD LIBOR as determined for the previous Interest Period or, in the case of the Interest Period for the Fixed to Floating Rate Notes beginning on the Reset Date, 5.860%. All determinations made by the Calculation Agent with respect to the interest rates on the Notes shall, in the absence of manif...