US LIBOR means, with respect to any Interest Rate Determination Date for any Loans denominated in Dollars, an interest rate per annum equal to the rate that is set forth on page 3750 of the Dow Xxxxx Telerate Service (or any other page that may replace such page from time to time) as of 11:00 A.M. (London time) on such Interest Rate Determination Date for Dollar deposits comparable in amount to the aggregate principal amount of such Dollar denominated Loans and having a tenor equal to the duration of the applicable Interest Period.
US LIBOR means, for any Payment Period the offered rate for deposits in US Dollars, for a period of one month and in an amount comparable to the aggregate outstanding Funded Participations in US Dollars as of the first day of such Payment Period, appearing on the display designated on Reuters Screen LIBOR01 Page (or any successor page) as the London interbank offered rate for deposits in US Dollars at approximately 11:00 a.m. (London, England time) on the day that is two Business Days prior to the first day of the interest period; provided, that if the Servicer determines that the relevant foregoing sources are unavailable for the relevant Payment Period, LIBOR shall mean the rate of interest determined by the Servicer to be the average (rounded upward, if necessary, to the nearest 1/100th of 1%) of the rates per annum at which deposits in US Dollars are offered to the Servicer two (2) Business Days preceding the first day of such interest period by leading banks in the London interbank market as of 10:00 a.m. for delivery on the first day of such Payment Period, for the number of days comprised therein and in an amount comparable to the amount of the Funded Participation of the Servicer; provided, further, that, if US LIBOR would be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.
Examples of US LIBOR in a sentence
The reference rate for this facility is US$ LIBOR for the appropriate period.
INTEREST Interest shall accrue daily on the US dollar amount of all net amounts due and payable under this Agreement from the due date of payment until the actual date of payment at the rate of 100 basis points above US$ LIBOR (after as well as before judgment).
Interest will not be charged for the first 45 days after receipt of the invoice, but thereafter will be charged at 3.00% per annum above the three-month US$ LIBOR rate as at the due date if invoices are not settled on due date.
Due to our senior secured credit facility which is benchmarked to U.S. LIBOR, this rate will be the primary market risk exposure for the foreseeable future.
In addition to Basic Interest, the Issuer shall pay Interest (“PIK Interest”) on the principal amount of this Note at a rate of US LIBOR per annum plus 2% per annum, semi-annually in arrears until the Final Maturity Date on each Interest Payment Date, beginning on the date of this Note, by adding an amount equal to the aggregate accrued but unpaid PIK Interest as of such Interest Payment Date to the principal amount of this Note.
More Definitions of US LIBOR
US LIBOR means for each Interest Period applicable to a Loan denominated in Dollars (other than a Base Rate Loan), the rate per annum that appears on page 3750 of the Dow Jxxxx Telerate Screen (or any successor page) for Dollar deposits with maturities comparable to such Interest Period as of 11:00 A.M. (London time) on the date which is two Business Days prior to the commencement of such Interest Period or, if such a rate does not appear on page 3750 of the Dow Jxxxx Telerate Screen (or any successor page), the offered quotations to first-class banks in the London interbank market by JPMorgan Chase for Dollar deposits of amounts in same day funds comparable to the outstanding principal amount of such Dollar 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.
US LIBOR means: with respect to any calendar quarter, the rate of interest per annum (rounded to the nearest 1/16 of 1%) specified as the three month London Interbank Offered Rate (LIBOR) in The Wall Street Journal on the first business day immediately preceding the first day of such calendar quarter.
US LIBOR means the London rate of Hongkong and Shanghai Banking Corporation as applied to a United States Dollar deposit.
US LIBOR means, for any Payment Period the offered rate for deposits in US Dollars, for a period of one month and in an amount comparable to the aggregate outstanding Funded Participations in US Dollars as of the first day of such Payment Period, appearing on the display designated on Reuters Screen LIBOR01 Page (or any successor page) as the London interbank offered rate for deposits in US Dollars at approximately 11:00 a.m. (London, England time) on the day that is two Business Days prior to the first day of the Interest Period; provided, that if the Servicer determines that the relevant foregoing sources are unavailable for the relevant Payment Period, LIBOR shall mean the rate of interest determined by the Servicer to be the average (rounded upward, if necessary, to the nearest 1/100th of 1%) of the rates per annum at which deposits in US Dollars are offered to the Servicer two (2) Business Days preceding the first day of such Interest Period by leading banks in the London interbank market as of 10:00 a.m. for delivery on the first day of such Payment Period, for the number of days comprised therein and in an amount comparable to the amount of the Funded Participation of the Servicer.
US LIBOR means for each Interest Period applicable to a Loan denominated in Dollars (other than a Base Rate Loan), the rate per annum that appears on page 3750 of the Dow Xxxxx Telerate Screen (or any successor page) for Dollar deposits with maturities comparable to such Interest Period as of 11:00 A.M. (London time) on the date which is two Business Days prior to the commencement of such Interest Period or, if such a rate does not appear on page 3750 of the Dow Xxxxx Telerate Screen (or any successor page), the offered quotations to first-class banks in the London interbank market by Barclays for Dollar deposits of amounts in same day funds comparable to the outstanding principal amount of such Dollar 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.
US LIBOR means, with respect to any U.S. Libor Advance for any Interest Period, the rate for deposits in U.S. Dollars for a period comparable to such Interest Period which is quoted on the British Bankers Association Libor Rates Telerate (Page 3750) (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;