Fixed LIBOR Rate

Fixed LIBOR Rate. Shall mean with respect to each day during each Interest Period pertaining to the Loan, a rate per annum (based on a year of 360 days and actual days elapsed) determined for the first day of each such Interest Period in accordance with the following formula rounded upward to the nearest 1/16 of 1% plus three hundred (300) Basis Points: LIBOR Base Rate ... ---------------------------------------------------------- 1.00 - Eurocurrency Reserve Requirements View More