LIBOR Index Rate

LIBOR Index Rate. Shall mean the London Interbank Offered Rate for a period of thirty (30) days, as quoted on the Telerate Information System, page 3750, on the applicable determination date (or in the event no such quotation is available on such date on the day most immediately preceding the determination date on which such a quotation was available). In the event the Telerate Information Service ceases to be available to the Bank or ceases to provide information sufficient to determine the... London interbank offered rate for a period of thirty (30) days, the "LIBOR Index Rate" shall mean the London Interbank Offered Rate for a period of thirty (30) days, as published in the "Money Rates" table of The Wall Street Journal on the applicable determination date (or in the event no such quotation is available on such date, as quoted on the day most immediately preceding the determination date on which such a quotation was available). In the event the London Interbank Offered Rate for a period of thirty (30) days, is no longer published in the "Money Rates" table, then the Bank will choose a substitute rate as the LIBOR Index Rate based on comparable information, which may include quotations from such services as Reuters Monitor Money Rates Service or Knight-Rider News Service. View More

LIBOR Index Rate. Means, for any Interest Adjustment Period after the first Interest Adjustment Period, the BBA's LIBOR Rate for the LIBOR Index released by the BBA most recently preceding the first day of such Interest Adjustment Period, as such LIBOR Rate is displayed on the LIBOR Index Page. The LIBOR Index Rate for the first Interest Adjustment Period means the British Bankers Association's (BBA) LIBOR Rate for the LIBOR Index released by the BBA most recently preceding the first day of the month in which... the first Interest Adjustment Period begins, as such LIBOR Rate is displayed on the LIBOR Index Page. View More