Libor Rate

Libor Rate. Means a rate of interest equal to the LIBOR for each Interest Period quoted by the Lender from Bloomberg Financial Markets system (or such other authoritative source as selected by Lender in its sole discretion), which shall be the LIBOR for each Interest Period in effect two (2) Business Days (as defined below) prior to the tenth (10th) day of each Interest Period (rounded upward to the nearest 1/10,000 of 1.00%). The Lender may unilaterally adjust the LIBOR for any reserve requirement and any... subsequent costs arising from a change in government regulation, or may substitute an alternative rate in the event the LIBOR becomes unavailable, provided, that, the Lender is making such adjustments or substitutions for all other similar borrowers and transactions and provided, further, that the substitute interest rate is equivalent to LIBOR. The Lender's determination of the LIBOR is conclusive, absent manifest error. View More

Libor Rate. For any LIBOR Interest Period, the rate (expressed as a percentage per annum and rounded upward, as necessary, to the next nearest 1/1000 of 1%) equal to the rate reported for deposits in U.S. dollars, for a one-month period, that appears on Reuters Screen LIBOR01 Page (or the successor thereto) as of 11:00 a.m., London time, two (2) Business Days prior to the commencement of such Interest Period (the "Determination Date"); provided that, (i) if such rate does not appear on Reuters Screen... LIBOR01 Page as of 11:00 a.m., London time, on such Determination Date, Lender shall request the principal London office of any four major reference banks in the London interbank market selected by Lender to provide such bank's offered quotation (expressed as a percentage per annum) to prime banks in the London interbank market for deposits in U.S. dollars for a one-month period as of 11:00 a.m., London time, on such Determination Date for the amounts for a comparable loan at the time of such calculation and, if at least two such offered quotations are so provided, LIBOR shall be the arithmetic mean of such quotations and (ii) if fewer than two such quotations in clause (i) are so provided, Lender shall request any three major banks in New York City selected by Lender to provide such bank's rate (expressed as a percentage per annum) for loans in U.S. dollars to leading European banks for a one-month period as of approximately 11:00 a.m., New York City time on the applicable Determination Date for the amounts for a comparable loan at the time of such calculation and, if at least two such rates are so provided, LIBOR shall be the arithmetic mean of such rates. In no event shall LIBOR be less than 0 View More

Libor Rate. Means, relative to any LIBOR Period, the offered rate for deposits of U.S. Dollars in an amount approximately equal to the corresponding principal amount of a LIBOR Rate Loan for a one-month period which the ICE Benchmark Administration Limited (or any successor administrator of LIBOR rates) fixes as its LIBOR rate at approximately 11:00 a.m. London time on the day that is two London Banking Days prior to the commencement of such LIBOR Period, rounded upward to the nearest one-eighth (1/8th) of... one percent. If such day is not a London Banking Day, the LIBOR Rate shall be determined on the next preceding day which is a London Banking Day. If for any reason the Bank cannot determine such offered rate fixed by the then-current administrator of LIBOR rates, the Bank may, in its sole but reasonable discretion, use an alternative method to select a rate calculated by the Bank to reflect its cost of funds. View More

Libor Rate. The rate of interest (rounded upwards if necessary to the next 100th of one percent) determined by the Bank to be the prevailing rate per annum at which deposits in United States dollars for an applicable period, determined by the Bank in its sole discretion, are offered to the Bank by first class banks in the London Interbank Market in which the Bank regularly participates at any such time, or, in the discretion of the Bank, the base, reference or other rate then designated by the Bank for... general commercial loan reference purposes, it being understood that such rate is a reference rate, not necessarily the lowest, established from time to time, which serves as the basis upon which effective interest rates are calculated for loans making reference thereto. View More

Libor Rate. (a) initially, for any day during the applicable Interest Period, the one-month Eurodollar Rate for U.S. dollar deposits as reported on the Reuters Screen LIBOR01 Page or any other page that may replace such page from time to time on that service or such other service as may be nominated by the ICE Benchmark Administration ("ICE") (or the successor thereto if ICE is no longer making the London Interbank Offered Rate available, as the information vendor for the purpose of displaying offered... rates of leading banks for London interbank deposits in United States dollars) as of 11:00 a.m. (London time) for such day, or if such day is not a Business Day, then the immediately preceding Business Day (or if not so reported, then as determined by the Administrator from another recognized source for London interbank quotation), in each case, changing when and as such rate changes (the "One-Month LIBOR Rate"), or (b) solely to the extent that the Borrower provides written notice to the Lenders at least two Business Days prior to the first day of an Interest Period in accordance with Section 3.3, for any day during the applicable Interest Period, the three-month Eurodollar Rate for U.S. dollar deposits as reported on the Reuters Screen LIBOR03 Page or any other page that may replace such page from time to time on that service or such other service as may be nominated by ICE (or the successor thereto if ICE is no longer making the London Interbank Offered Rate available) as the information vendor for the purpose of displaying offered rates of leading banks for London interbank deposits in United States dollars, as of 11:00 a.m. (London time) for such day, or if such day is not a Business Day, then the immediately preceding Business Day (or if not so reported, then as determined by the Administrator from another recognized source for London interbank quotation), in each case, changing when and as such rate changes (the "Three-Month LIBOR Rate"); provided that the Borrower may not convert any LIBOR Loan accruing interest at the Three-Month LIBOR Rate to a LIBOR Loan accruing interest at the One-Month LIBOR Rate until such LIBOR Loan shall have been accruing interest at the Three-Month LIBOR Rate for three Interest Periods. View More

Libor Rate. For each Interest Period, a rate per annum (based on a year of 360 days and actual days elapsed) equal to the rate per annum obtained by dividing (x) the rate of interest (which shall be the same for each day in such Interest Period) determined by the Agent in accordance with its usual procedures to be the rate at which Dollar deposits are offered by leading banks in the London interbank deposit market two (2) LIBOR Business Days prior to the first day of such Interest Period in an amount... approximately equal to the then outstanding principal amount of the Loans for the designated Interest Period, as quoted by ICE Benchmark Administration ("ICE") or any successor thereto as approved by the Agent if ICE is no longer making a LIBOR rate quotation available (an "Alternate Source"), and as published as the "London Interbank Offered Rate" by Bloomberg (or if, at any time, for any reason, such rate is no longer published by Bloomberg or provided by ICE or any Alternate Source, a comparable replacement rate determined by the Agent at such time) by (y) a number equal to 1.00 minus the LIBOR Reserve Percentage. The LIBOR Rate shall be calculated in accordance with the foregoing whether or not any Lender is actually required to hold reserves in connection with its Eurocurrency funding or, if required to hold such reserves, whether or not it is required to hold reserves at the "LIBOR Reserve Percentage". The LIBOR Rate shall be adjusted automatically as of the effective date of each change in the LIBOR Reserve Percentage. View More

Libor Rate. Means, the rate per annum for a period equal to the one month LIBOR Rate per annum, as determined by CPC, as appearing on Reuters Screen LIBOR Page (the "Service") as the London Interbank Offered Rate for deposits in Dollars (or on any successor or substitute page of such Service) 2 Business Days prior to the date of determination.

Libor Rate. For the Interest Period applicable thereto in accordance with this Note, the rate of interest (rounded upwards to the next 1/8th of one percent (1%) and adjusted by Lender for reserves if Lender is required to maintain reserves with respect to the Loan (or portion thereof)) fixed by the ICE Benchmark Administration Limited (or any successor thereto, or replacement thereof, as approved by Lender each an "Alternate LIBOR Source") at approximately 11:00 a.m., London, England time (or at the... relevant time established by an Alternate LIBOR Source or by Lender), two Business Days prior to the commencement of the requested Interest Period, relating to quotations for the one month London Interbank Offered Rate, as selected by Borrower in accordance with this Note, on U.S. Dollar deposits, as displayed by Bloomberg LP (or any successor thereto, or replacement thereof, as approved by Lender, each an "Approved Bloomberg Successor"), all as determined by Lender in accordance with this Note and Lender's loan systems and procedures periodically in effect. If the LIBOR Rate is no longer displayed on Bloomberg LP (or any Approved Bloomberg Successor), the LIBOR Rate shall be determined in good faith by Lender from such other sources as it shall determine to be comparable to Bloomberg LP (or any Approved Bloomberg Successor) all as determined by Lender in accordance with this Note and Lender's loan systems and procedures periodically in effect. Notwithstanding anything to the contrary contained herein, in no event shall the LIBOR Rate be less than 0% as of any date (the "LIBOR Rate Minimum"); provided that, at any time during which a Rate Management Agreement (as defined in the Credit Agreement) with Lender is then in effect with respect to all or a portion of the obligations of Borrower under this Note (the "Obligations"), the LIBOR Rate Minimum shall be disregarded and no longer of any force and effect with respect to such portion of the Obligations subject to such Rate Management Agreement. Each determination by Lender of the LIBOR Rate shall be final, binding and conclusive in the absence of manifest error. View More

Libor Rate. The rate per annum quoted by Lender as its One Month LIBOR Rate based upon the London Interbank Offered Rate for Dollar deposits published by Bloomberg or other comparable services selected by Lender, as determined for the date of any adjustment thereof at approximately 11:00 a.m. London time two Banking Business Days prior to such date of adjustment. If such LIBOR Rate is not available at such time for any reason, then the LIBOR Rate will be determined by such alternate method as reasonably... selected by Lender. This definition of LIBOR Rate is to be strictly interpreted and is not intended to serve any purpose other than providing an index to determine the interest rate used herein. The LIBOR Rate of Lender may not necessarily be the same as the quoted offered side in the Eurodollar time deposit market quoted by any particular institution or service. It is not necessarily the lowest rate at which Lender may make loans to any of its customers, either now or in the future. Notwithstanding anything in this Agreement to the contrary, if both (i) the LIBOR Rate as provided above would be less than zero percent (0.00%) and (ii) no Hedging Transaction is then in effect pursuant to which Lender is the Floating Rate Payor (as defined in the Hedging Transaction Documents) and the floating rate specified in the Hedging Transaction Documents is the LIBOR Rate or calculated using the LIBOR Rate (a "LIBOR Loan Swap"), then the LIBOR Rate shall be deemed to be zero percent (0.00%); provided, however, if a LIBOR Loan Swap is then in effect, then the LIBOR Rate shall be permitted to be less than zero percent (0.00%) in respect of the Loans solely to the extent, and up to an amount not to exceed, the notional amount under such LIBOR Loan Swap View More

Libor Rate. The rate of interest from time to time published in The Wall Street Journal as publicly announced by the British Bankers' Association on a daily basis as the LIBOR One-Month Rate (London Interbank Offered Rate). A change in the LIBOR Rate shall be deemed to occur as of the date of announcement of such change by The Wall Street Journal and the interest rate shall be adjusted as of that date. If publication of the LIBOR One-Month Rate in the Wall Street Journal is discontinued, Lender shall... select a new rate. View More