Common use of Month LIBOR Clause in Contracts

Month LIBOR. A margin of 3.00 percentage points over LIBOR. For purposes of this Note, 6-Month LIBOR shall mean the average of interbank offered rates for 6 month U.S. dollar denominated deposits in the London market, as published in the Western Edition of the Wall Street Journal and rounded upwards, if necessary, to the nearest one eighth (.125) of one percentage point.

Month LIBOR. A margin of 3.00 percentage points over LIBOR. For purposes of this Note, 6-Month LIBOR shall mean the average of interbank offered rates for 6 month U.S. dollar dollar-denominated deposits in the London market, as published in the Western Edition of the Wall Street Journal and rounded upwards, if necessary, to the nearest one eighth (.125) of one percentage point.