LIBOR-based Rate

Example Definitions of "LIBOR-based Rate"
LIBOR-based Rate. A per annum interest rate which is equal to the quotient of the following: (1) the LIBOR Rate; divided by (2) 1.00 minus the maximum rate (expressed as a decimal) during such LIBOR Period at which Bank is required to maintain reserves on "Euro-currency Liabilities" as defined in and pursuant to Regulation D of the Board of Governors of the Federal Reserve System or, if such regulation or definition is modified, and as long as Bank is required to maintain reserves against a category of... liabilities which includes eurodollar deposits or includes a category of assets which includes eurodollar loans, the rate at which such reserves are required to be maintained on such category. View More
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