Threemonth LIBOR

Threemonth LIBOR. Three-month LIBOR" means the LIBOR rate (rounded upward to the nearest one-sixteenth of one percent) for a designated maturity of three (3) months determined on the basis of the offered rate for deposits in U.S. Dollars published by the British Bankers Association as of 11:00 a.m. London time on the second (2nd) full Eurodollar Business Day preceding the Borrowing Date or the first day of each calendar quarter with respect to which interest is payable (unless ... such date is not a Business Day, in which event the next Eurodollar Business Day which is also a Business Day will be used). If the British Bankers Association ceases to publish such LIBOR rate, then Three-month LIBOR shall be determined from such substitute financial reporting service as Borrower, in its reasonable discretion, shall determine. View More

Threemonth LIBOR. Means an interest rate per annum equal to the rate per annum obtained by the arithmetic mean (rounded upwards to the nearest 1/16th of 1%) of the offered rates for three-month deposits in U.S. Dollars on the Interest Rate Determination Date, as such rates appear on the "Reuters Screen LIBO Page" at approximately 11:00 A.M. (London time) on the Interest Rate Determination Date, if at least two such offered rates appear on the Reuters Screen LIBO Page. If fewer than two offered rates appear on... the Reuters Screen LIBO Page on such Interest Rate Determination Date, Maker will request the principal London offices of each of four major banks in the London interbank market, as selected by Maker with the approval of the Designated Holder, to provide Maker with its offered quotations for three-month deposits in U.S. Dollars, on the Interest Rate Determination Date, to prime banks in the London interbank market at approximately 11:00 A.M. (London time) on such Interest Rate Determination Date and in a principal amount not less than U.S.$1,000,000 that is representative of a single transaction in such market at such time. If at least two such quotations are provided, LIBOR will be the arithmetic mean (rounded upwards to the nearest 1/16th of 1%) of such quotations. If fewer than two quotations are provided, LIBOR with respect to such Interest Rate Determination Date will be the arithmetic mean (rounded upwards to the nearest 1/16th of 1%) of the Interest Rate Determination Date quoted at approximately 11:00 A.M. (New York City time) on such Interest Rate Determination Date by three major banks in New York City selected by Maker with the approval of the Designated Holder for three-month loans in U.S. Dollars to leading European banks, on the Interest Rate Determination Date, and in a principal amount not less than U.S.$1,000,000 that is representative of a single transaction in such market at such time; provided, however, that if fewer than three banks selected as aforesaid by Maker with the approval of the Designated Holder are quoting rates as mentioned in this sentence, LIBOR for such Interest Rate Determination Date will be equivalent to LIBOR for the immediately preceding Interest Rate Determination Date. View More

Threemonth LIBOR. Means the London interbank offered rate (expressed as percentage per annum) for U.S. dollar deposits of an amount equal to or comparable to the principal amount of the CSSI Note having a three-month maturity that appears on Telerate Page 3750 as of 11:00 a.m. (London time) on the date of determination. As used herein, "Telerate Page 3750" means the display designated as "Page 3750" on the Moneyline Telerate Service or such other page as may replace Page 3750 on that service or such other... service or services as may be nominated by the British Bankers' Association as the information vendor for purposes of displaying London interbank offered rates for U.S. dollar deposits. View More