USD LIBOR Rate definition

USD LIBOR Rate has the meaning assigned thereto in the definition of “Eurocurrency Rate”.

USD LIBOR Rate means the rate for deposits in U.S. dollars for a period of six months which appears on the Moneyline Telerate page 3750 as of 11:00 a.m., London time, on the date which is six months after the Top-Up Closing. If such rate does not appear on the Moneyline Telerate page 3750 on such date, the USD LIBOR Rate for such day will equal the USD LIBOR Rate for the immediately preceding day. (Remainder of this page intentionally left blank.)

USD LIBOR Rate has the meaning assigned thereto in the definition of “Eurocurrency Rate”. “USD LIBOR Transition Date” means, the earlier of (a) the date that all Available Tenors of USD LIBOR have either (i) permanently or indefinitely ceased to be provided by IBA; provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide any Available Tenor of USD LIBOR or (ii) been announced by the FCA pursuant to public statement or publication of information to be no longer representative and (b) the Early Opt-in Effective Date. “USD Term Commitment” means, with respect to each Lender, the commitment, if any, of such Lender to make a USD Term Loan, expressed as an amount representing the maximum principal amount of the USD Term Loan to be made by such Lender, as such commitment may be reduced or increased from time to time pursuant the terms hereof. The initial amount of each Lender’s USD Term Commitment is set forth on Schedule 2.01 opposite such Lender’s name under the heading “USD Term

Examples of USD LIBOR Rate in a sentence

• If fewer than two quotations are provided, the Three-Month USD LIBOR Rate for such Floating Rate Distribution Period shall be the arithmetic mean of the rates quoted on the Determination Date for such Floating Rate Distribution Period by three major banks in New York City selected by the Calculation Agent, for loans in U.S. dollars to leading European banks for a three-month period commencing on the first day of such Floating Rate Distribution Period.

• The Administrative Agent shall, upon written request of the Company or any Lender, deliver to the Company or such Lender a statement showing the computations used by the Administrative Agent in determining any applicable Adjusted Eurocurrency Rate, USD LIBOR Rate, EURIBOR Rate, CDO Rate, BB Rate, XXXXX Rate, SARON Rate or TIBOR Rate hereunder.

• Any such Existing USD LIBOR Rate Loans shall continue to be governed by the relevant provisions of the Existing Credit Agreement applicable to Eurocurrency Rate Loans denominated in Dollars until the earlier of (x) the repayment of such Loans and (y) the conversion of such Loans to Term RFR Loans pursuant to the Specified Conversion.

More Definitions of USD LIBOR Rate

USD LIBOR Rate has the meaning assigned thereto in the definition of “Eurocurrency Rate”. “USD LIBOR Transition Date” shall mean, the earlier of (a) the date that all Available Tenors of USD LIBOR have either (i) permanently or indefinitely ceased to be provided by IBA; provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide any Available Tenor of USD LIBOR or (ii) been announced by the FCA pursuant to public statement or publication of information to be no longer representative and (b) the Early Opt-in Effective Date. “Voting Lender Participant” shall have the meaning provided in Section 12.04(c). “Voting Lender Participant Notice” shall have the meaning provided in Section 12.04(c). “Voting Stock” shall mean the capital stock of Silgan ordinarily having the power to vote for the election of directors of Silgan. “Weighted Average Life to Maturity” shall mean, when applied to any Indebtedness at any date, the number of years obtained by dividing (i) the then outstanding principal amount of such Indebtedness into (ii) the product obtained by multiplying (x) the amount of each then remaining installment or other required scheduled payments of principal, including payment at final maturity, in respect thereof, by (y) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment. “Xxxxx Fargo” shall mean Xxxxx Fargo Bank, National Association, in its individual capacity, and any successor entity thereto by merger, consolidation or otherwise. “Wholly-Owned Domestic Subsidiary” shall mean, as to any Person, any Wholly-Owned Subsidiary of such Person that is a Domestic Subsidiary. “Wholly-Owned Foreign Subsidiary” shall mean, as to any Person, any Wholly-Owned Subsidiary of such Person that is a Foreign Subsidiary. “Wholly-Owned Subsidiary” shall mean, as to any Person, (i) any corporation 100% of whose capital stock (other than directors’ qualifying shares and/or other nominal amounts of shares required to be held by local nationals under Applicable Law) is at the time owned by such Person and/or one or more Wholly-Owned Subsidiaries of such Person and (ii) any partnership, association, joint venture, limited liability company or other entity in which such Person and/or one or more Wholly-Owned Subsidiaries of such Person has a 100% equity interest at such time (other than nominal interests required to be held by local nationals under Applicabl...