LIBOR Margin. LIBOR Margin has the meaning given such term in Section 2.01(d) hereof. LIBOR Market Index Rate. LIBOR Market Index Rate means for any day, the rate (rounded to the next higher 1/100 of 1%) for U.S. Dollar deposits for one month U.S. Dollar deposits as reported on Telerate Page 3750 as of 11:00 a.m. London time, for such day, provided, if such day is not a London Business Day, the immediately preceding London Business Day (or if not so reported, then as determined by Agent from another recognized source or interbank quotation). LIBOR Market Index Rate Option. LIBOR Market Index Rate Option has the meaning given such term in Section 2.01(c)(i) hereof.
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Sources: Credit Agreement (Avatar Holdings Inc), Credit Agreement (Avatar Holdings Inc)