LIBO Method definition

LIBO Method. With respect to any Index Determination Date, the method for determining LIBOR calculated on the basis of the offered rates of the Reference Banks for one- month U.S. dollar deposits, as of 11:00 a.m. (London time) on such Index Determination Date. The Issuer may either rely on these quotations as they appear on the Reuters Screen LIBO Page or request the principal London office of each of the Reference Banks to provide a quotation of its rate. If on such Index Determination Date, two or more Reference Banks provide such offered quotations, LIBOR for the related Interest Accrual Period will be the arithmetic mean of such offered quotations (rounded upwards, if necessary, to the nearest whole multiple of 1/16%). If on such Index Determination Date, fewer than two Reference Banks provide such offered quotations, LIBOR for the related Interest Accrual Period will be the higher of (i) LIBOR as determined on the previous Index Determination Date and (ii) the Reserve Interest Rate. LIBOR: The London interbank offered rate for one-month United States dollar deposits determined by the Issuer on each Index Determination Date pursuant to Section 4.02. LIBOR will be determined on the basis of the method specified in the related Prospectus Supplement.
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LIBO Method. With respect to any Index Determination Date, the method for determining LIBOR calculated on the basis of the offered rates of the Reference Banks for one- month U.S. dollar deposits, as of 11:00 a.m. (London time) on such Index Determination Date. The Issuer may either rely on these quotations as they appear on the Reuters Screen LIBO Page
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Examples of LIBO Method in a sentence

  • For any period during which LIBOR for any LIBOR Floating Rate Class is to be determined on the basis of the LIBO Method (as defined in the Prospectus), until such Class is paid in full, ▇▇▇▇▇▇ ▇▇▇ shall at all times retain at least four Reference Banks (as defined in the Prospectus).

  • For any period during which LIBOR for any LIBOR Floating Rate Class is to be determined on the basis of the LIBO Method (as defined in the Prospectus), until such Class is paid in full, ▇▇▇▇▇▇ Mae shall at all times retain at least four Reference Banks (as defined in the Prospectus).

Related to LIBO Method

  • Reference method means any direct test method of sampling and analyzing for an air pollutant as specified in 40 CFR 60, Appendix A*.

  • Alternative method means any method of sampling and analyzing for an air pollutant that is not a reference or equivalent method but that has been demonstrated to the satisfaction of the commissioner and the U.S. EPA to, in specific cases, produce results adequate for a determination of compliance.

  • Equivalent method means any method of sampling and analyzing for an air pollutant that has been demonstrated to the satisfaction of the commissioner and the U.S. EPA to have a consistent and quantitatively known relationship to the reference method under specific conditions.

  • LIBO Base Rate means with respect to each day an Advance is outstanding (or if such day is not a Business Day, the next succeeding Business Day), the rate per annum equal to the rate published by Bloomberg or if such rate is not available, the rate appearing at page 3750 of the Telerate Screen as one-month LIBOR on such date, and if such rate shall not be so quoted, the rate per annum at which the Lender is offered Dollar deposits at or about 11:00 A.M., eastern time, on such date by prime banks in the interbank eurodollar market where the eurodollar and foreign currency and exchange operations in respect of its Advances are then being conducted for delivery on such day for a period of one month and in an amount comparable to the amount of the Advances to be outstanding on such day.

  • LIBOR Telerate is specified on the face hereof or neither “LIBOR Reuters” nor “LIBOR Telerate” is specified on the face hereof as the method for calculating LIBOR, the display on Telerate (or any successor service) on the page specified on the face hereof (or any other page as may replace such page on such service) for the purpose of displaying the London interbank rates of major banks for the LIBOR Currency.