Libor Definition Example with 4 Variations

This page contains an example definition of Libor, followed by definitions with minor variations. You can view the differences between the example and variations by selecting the "Show Differences" option.
Libor. Shall mean the rate per annum (rounded upward, if necessary, to the nearest 1/16th of 1%) obtained by dividing (i) the one-month or two-month interest period London Interbank Offered Rate (as selected by Borrower) as fixed by the British Bankers Association for United States dollar deposits in the London Interbank Eurodollar Market at approximately 11:00 am London, England time (or as soon thereafter as ... practicable) as determined by the Bank from any broker, quoting service or commonly available source utilized by the Bank by (ii) a percentage equal to 100% minus the stated maximum rate of all reserves required to be maintained against "Eurocurrency Liabilities" as specified in Regulation D (or against any other category of liabilities which includes deposits by reference to which the interest rate on LIBOR Rate Loan or Loans is determined or any category of extensions of credit or other assets which includes loans by a non-United States' office of a bank to United States' residents) on such date to any member bank of the Federal Reserve System. Notwithstanding any provision above, the practice of rounding to determine LIBOR may be discontinued at any time in the Bank's sole discretion. View More Arrow
Found in CH ENERGY GROUP INC contract

Variations

Libor. Shall mean the rate per annum (rounded upward, if necessary, to the nearest 1/16th of 1%) obtained by dividing (i) the one-month or two-month interest period applicable London Interbank Offered Rate (as selected by Borrower) (see LIBOR Rate definition below), as fixed by the British Bankers Association for United States dollar deposits in the London Interbank Eurodollar Market interbank market at approximately 11:00 am a.m. London, England time (or as soon thereafter as practicable) on the... appropriate day in accordance with the terms of this Note, as determined by the Bank from any broker, quoting service or commonly available source utilized by the Bank Bank, by (ii) a percentage equal to 100% minus the stated maximum rate of all reserves required to be maintained against "Eurocurrency Liabilities" 'Eurocurrency Liabilities' as specified in Regulation D (or against any other category of liabilities liabilities, which includes deposits by reference to which the interest rate on LIBOR Rate Loan or Loans Loan(s) is determined determined, or any category of extensions of credit or other assets which includes loans by a non-United States' office of a bank to United States' residents) on such date to any member bank of the Federal Reserve System. Notwithstanding any provision above, the practice of rounding to determine LIBOR may be discontinued at any time in the Bank's sole discretion. View More Arrow
Found in Manning & Napier, Inc. contract
Libor. Shall shall mean the rate per annum (rounded upward, if necessary, to the nearest 1/16th of 1%) obtained by dividing (i) the one-month one-day, one-month, two-month, three-month or two-month six-month interest period London Interbank Offered Rate (as selected by Borrower) as fixed by the British Bankers Association for United States dollar deposits in the London Interbank Eurodollar Market at approximately 11:00 am a.m. London, England time (or as soon thereafter as practicable) as determined... by the Bank from any broker, quoting service or commonly available source utilized by the Bank by (ii) a percentage equal to 100% minus the stated maximum rate of all reserves required to be maintained against "Eurocurrency Liabilities" as specified in Regulation D (or against any other category of liabilities which includes deposits by reference to which the interest rate on LIBOR Rate Loan or Loans is determined or any category of extensions of credit or other assets which includes loans by a non-United States' office of a bank to United States' residents) on such date to any member bank of the Federal Reserve System. Notwithstanding any provision above, the practice of rounding to determine LIBOR may be discontinued at any time in the Bank's sole discretion. View More Arrow
Found in PEOPLES EDUCATIONAL HOLDINGS contract
Libor. Shall shall mean the rate per annum (rounded upward, if necessary, to the nearest 1/16th of 1%) obtained by dividing (i) the one-month one-day, one-month, two-month, three-month or two-month six-month interest period London Interbank Offered Rate (as selected by Borrower) as below), fixed by the British Bankers Association for United States dollar deposits in the London Interbank Eurodollar Market at approximately 11:00 am a.m. London, England time (or as soon thereafter as practicable) as... determined by the Bank from any broker, quoting service or commonly available source utilized by the Bank by (ii) a percentage equal to 100% minus the stated maximum rate of all reserves required to be maintained against "Eurocurrency Liabilities" as specified in Regulation D (or against any other category of liabilities which includes deposits by reference to which the interest rate on LIBOR Rate Loan or Loans loans is determined or any category of extensions of credit or other assets which includes loans by a non-United States' office of a bank to United States' States residents) on such date to any member bank of the Federal Reserve System. Notwithstanding any provision above, the practice of rounding to determine LIBOR may be discontinued at any time in the Bank's sole discretion. View More Arrow
Found in PEOPLES EDUCATIONAL HOLDINGS contract
Libor. Shall shall mean the rate per annum (rounded upward, if necessary, to the nearest 1/16th of 1%) obtained by dividing (i) the one-month or two-month interest period applicable London Interbank Offered Rate (as (in accordance with the LIBOR Rate selected by Borrower) Borrower for each Loan; see LIBOR Rate definition below) as fixed by the British Bankers Association for United States dollar deposits in the London Interbank Eurodollar Market interbank market at approximately 11:00 am a.m. London,... England time (or as soon thereafter as practicable) practicable), as determined by the Bank from any broker, quoting service or commonly available source utilized by the Bank Bank, by (ii) a percentage equal to 100% minus the stated maximum rate of all reserves required to be maintained against "Eurocurrency Liabilities" as specified in Regulation D (or against any other category of liabilities which includes deposits by reference to which the interest rate on any LIBOR Rate Loan or Loans is determined or any category of extensions of credit or other assets which includes loans by a non-United States' office of a bank to United States' residents) on such date to any member bank of the Federal Reserve System. Notwithstanding any provision above, the practice of rounding to determine LIBOR may be discontinued at any time in the Bank's sole discretion. ©Manufacturers and Traders Trust Company, 2009 1 View More Arrow
Found in HARDINGE INC contract
All Definitions