Base LIBOR

Base LIBOR. The rate per annum for United States dollar deposits quoted by Bank as the Inter-Bank Market Offered Rate, with the understanding that such rate is quoted by Bank for the purpose of calculating effective rates of interest for loans making reference thereto

Base LIBOR. Means the rate per annum for United States dollar deposits quoted by the Lender for the purpose of calculating the effective Revolving Floating Rate or Term Floating Rate, as applicable, for loans that reference Daily Three Month LIBOR as the Inter-Bank Market Offered Rate, in effect from time to time for three (3) month delivery of funds in amounts approximately equal to the principal amount of such loans. Borrowers understand and agree that the Lender may base its quotation of the Inter-Bank... Market Offered Rate upon such offers or other market indicators of the Inter-Bank Market as the Lender in its discretion deems appropriate, including but not limited to the rate offered for U.S. dollar deposits on the London Inter-Bank Market. View More