Adjusted LIBO Rate

Example Definitions of "Adjusted LIBO Rate"
Adjusted LIBO Rate. The LIBO Rate for such Loan divided by one minus the Reserve Requirement
Found in Movado Group, Inc. contract
Adjusted LIBO Rate. For the Interest Period for any Eurocurrency Borrowing, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to (a) the LIBO Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate for such Interest Period; provided that, at no time shall the Adjusted LIBO Rate be less than 0.75%.
Found in AMERICAN CAPITAL, LTD contract
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