Libor Rate

Libor Rate. Shall mean, for each Interest Period, (i) Libor, plus (ii) the Applicable Margin.

Libor Rate. Means the U.S. dollar rate (rounded to the nearest one-sixteenth of one percent) listed on page 3750 (i.e., the Libor page) of the Telerate News Services titled "British Banker Association Interest Settlement Rates" for a designated maturity of one (1) month determined as of 11:00 a. m. London Time on the second (2nd) full Eurodollar Business Day next preceding the first day of each month with respect to which interest is payable under the Loan (unless such date is not a Business Day in which... event the next succeeding Business Day will be used). In the event that the Telerate News Services (i) publishes more than one (1) such Libor Rate, the average of such rates shall apply (ii) publishes a retraction or correction of 4 5 any such rate, the rate reported in such retraction or correction shall apply, or (iii) ceases to publish the Libor Rate, then the Libor Rate shall be determined from such substitute financial reporting service as GECC in its discretion, shall determine. If the "British Bankers Association, Interest Settlement Rates" for a designated maturity of one month are no longer published by a substitute financial reporting service acceptable to GECC then the "Libor Rate" shall be a comparable rate selected by GECC in its reasonable discretion. View More

Libor Rate. Means, the rate per annum (rounded upward, if necessary, to the nearest one hundred-thousandth of a percentage point) as determined on the basis of the offered rates for deposits in U.S. dollars for thirty (30) days which appears on the Telerate page 3750 (or its successor publication) as of 11:00 a.m. London time on the day that is two London Banking Days preceding the first day of such loan; provided, however, if the rate described above does not appear on the Telerate System on any... applicable interest determination date, the LIBOR Rate shall be the rate (rounded upwards as described above, if necessary) determined on the basis of the offered rates for deposits in U.S. dollars for thirty (30) days which are offered by four major banks in the London interbank market at approximately 11:00 a.m. London time, on the day that is two (2) London Banking Days preceding the first day of such loan as selected by the Lender. The principal London office of each of the four major London banks will be required to provide a quotation of its U.S. dollars deposit offered rate. If at least two such quotations are provided, the rate for that date will be the arithmetic mean of the quotations. If fewer than two quotations are provided as requested, the rate for that date will be determined on the basis of the rates quoted for loans in U.S. dollars to leading European banks for thirty (30) days offered by major banks in New York City at approximately 11:00 a.m. New York City time, on the day that is two London Banking Days preceding the first day of such loan. In the event that the Lender is unable to obtain any such quotation as provided above, it will be deemed that the LIBOR Rate cannot be determined and interest shall accrue at the Variable Rate. In the event that the Board of Governors of the Federal Reserve System shall impose a Reserve Percentage with respect to LIBOR Rate deposits of the Lender, then for any period during which such Reserve Percentage shall apply, the LIBOR Rate shall be equal to the amount determined above divided by an amount equal to 1 minus the Reserve Percentage. "Reserve Percentage" shall mean the maximum aggregate reserve requirement (including all basic, supplemental, marginal and other reserves) which is imposed on member banks of the Federal Reserve System against "Euro-Currency Liabilities" as defined in Regulation D of the Federal Reserve Board. View More

Libor Rate. Means, as applicable to a LIBOR Advance, the rate per annum as determined on the basis of the offered rates for deposits in U.S. Dollars, for a period of time comparable to such LIBOR Advance which appears on the Telerate page 3750 as of 11:00 a.m. London time on the day that is two (2) Business Days preceding the first day of such LIBOR Advance; provided, however, if the rate described above does not appear on the Telerate System on any applicable interest determination date, the LIBOR Rate... shall be the rate (rounded upward, if necessary, to the nearest one hundred-thousandth of a percentage point), determined on the basis of the offered rates for deposits in U.S. dollars for a period of time comparable to such LIBOR Advance which are offered by four major banks in the London interbank market at approximately 11:00 a.m. London time, on the day that is two (2) Business Days preceding the first day of such LIBOR Advance as selected by Agent. The principal London office of each of the four major London banks will be requested to provide a quotation of its U.S. Dollar deposit offered rate. If at least two such quotations are provided, the rate for that date will be the arithmetic mean of the quotations. If fewer than two quotations are provided as requested, the rate for that date will be determined on the basis of the rates quoted for loans in U.S. dollars to leading European banks for a period of time comparable to such LIBOR Advance offered by major banks in New York City at approximately 11:00 a.m. New York City time, on the day that is two (2) Business Days preceding the first day of such LIBOR Advance. In the event that Agent is unable to obtain any such quotations as provided above, it will be deemed that LIBOR pursuant to a LIBOR Advance cannot be determined. In the event that the Board of Governors of the Federal Reserve System shall impose a Reserve Percentage with respect to LIBOR deposits of a Lender, then for any period during which such Reserve Percentage shall apply, 2 LIBOR for such Lender shall be equal to the amount determined above divided by an amount equal to 1 minus the Reserve Percentage. View More

Libor Rate. Means, for any day, the rate for six-month U.S. Dollar deposits which appears on Telerate Page 3750 (as defined in the International Swaps and Derivatives Association, Inc. 1991 Interest Rate and Currency Exchange Definitions), or such page as may replace Telerate Page 3750, as of 11:00 a.m. (London time) on such date, or, if such day is not a Business Day, then the immediately preceding Business Day (or if not so reported then from another recognized source or interbank quotation).

Libor Rate. Shall mean a per annum rate of interest equal to LIBOR for the relevant Interest Period (rounded upward if necessary, to the nearest 1/16 of 1.00%) plus 200 basis points (2.00%), which LIBOR Rate shall remain fixed during such Interest Period and shall be applicable to all LIBOR Loans made during such Interest Period.

Libor Rate. Means, as of any date, the rate per annum (rounded to the nearest 1/100th of one percent) quoted by the Reference Bank at approximately 11:00 a.m. London time (or as soon thereafter as practicable) two LIBOR Business Days prior to such date as the rate at which the Reference Bank is offered dollar deposits in the London interbank market where the LIBOR and foreign currency and exchange operations of the Reference Bank are customarily conducted, having a term of thirty days and in an amount... comparable to the applicable Loan Advance. View More

Libor Rate. VARIABLE INTEREST RATE. Interest shall accrue on the balance of principal outstanding from time to time under this Note at an annual rate (the "LIBOR Rate") that is equal to the Index (defined below) plus 5.100 percentage points, calculated on the basis of a 360-day year, for actual days elapsed (subject to the "Interest after Default" section below). The LIBOR Rate is subject to change from time to time on each Calculation Date (defined below) based on changes in an independent index that is... the "Three –month" "London interbank offered rate, or Libor" (rounded upward, if necessary, to the nearest 1/100 of 1%) as published in the "Borrowing Benchmarks" section of the Western Edition of The Wall Street Journal (the "Index"). The Index is not necessarily the lowest rate charged by Lender on its loans. If the Index becomes unavailable during the term of this loan, Lender may designate a substitute index after notifying Borrower. Lender will tell Borrower the current Index rate upon Borrower's request. On the date of this Note the LIBOR Rate shall be calculated by Lender and shall remain in effect to, but not including, the next Payment Date. On each Payment Date, Lender shall recalculate the LIBOR Rate as of such Payment Date, and the LIBOR Rate as so recalculated shall become effective on such Payment Date and shall remain in effect to, but not including, the next Payment Date. Borrower understands that Lender may make loans based on other rates as well. NOTICE: Under no circumstances will the interest rate on this Note be more than the maximum rate allowed by applicable law. Whenever increases occur in the LIBOR Rate, Lender, at its option, may do one or more of the following: (A) increase Borrower's payments to ensure the Loan will be paid in full by the Maturity Date as set forth above, (B) increase Borrower's payments to cover accruing interest, (C) increase the number of Borrower's payments, and (D) continue Borrower's payments at the same amount and increase Borrower's final payment. View More

Libor Rate. Shall mean, with respect to any Interest Period for a LIBOR Rate Loan, the rate for the applicable Interest Period determined by the Lender's Treasury Desk as being the arithmetic mean (rounded upwards, if necessary, to the nearest whole multiple of one-sixteenth of one percent (1/16%)) of the U.S. dollar London Interbank Offered Rates for such period appearing on Page 3750 (or such other page as may replace page 3750) of the Telerate screen at or about 11:00 a.m. (London time) on the second... Business Day prior to the first days of such Interest Period (adjusted for any and all assessments, surcharges and reserve requirements. View More

Libor Rate. Means the fluctuating U.S. dollar rate reported by Northern Trust as the "London Interbank Offered Rate" for deposits with a maturity period of one (1) month, as established on the dates on which such interest rate is to be determined as provided herein.