Define: Adjusted LIBO Rate
What does "Adjusted LIBO Rate" mean? The meaning differs based on the contract. We found 5 definitions across 4 companies in SEC filings.
Definition 1 (AMETEK INC/, seen in 1 filing)
Adjusted LIBO Rate means with respect to any Eurocurrency Borrowing for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to (a) in the case of any Eurocurrency Borrowing denominated in a LIBOR Quoted Currency, (i) the LIBO Rate for such Interest Period multiplied by (ii) the Statutory Reserve Rate and (b) in the case of any Eurocurrency Borrowing denominated in Canadian Dollars, the CDOR Rate for such Interest Period.
Source: AMETEK INC/ 10-K
Definition 2 (AMETEK INC/, seen in 1 filing)
Adjusted LIBO Rate means with respect to any Eurocurrency Borrowing for any Interest Period, an interest rate per annum equal to (a) the LIBO Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate.
Source: AMETEK INC/ 10-K
Definition 3 (AMERICAN TOWER CORP /MA/, seen in 1 filing)
Adjusted LIBO Rate means with respect to any Eurocurrency Rate Loan for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to (a) the LIBO Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate.
Source: AMERICAN TOWER CORP /MA/ 10-K
Definition 4 (CBRE GROUP, INC., seen in 1 filing)
Adjusted LIBO Rate means with respect to any Eurocurrency Borrowing denominated in dollars for any Interest Period, an interest rate per annum equal to the product of (a) the LIBO Rate in effect for such Interest Period and (b) Statutory Reserves.
Source: CBRE GROUP, INC. 10-K
Definition 5 (DoorDash, Inc., seen in 1 filing)
Adjusted LIBO Rate means with respect to any Eurodollar Borrowing for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/100 of 1%) equal to (a) the LIBO Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate.
Source: DoorDash, Inc. S-1
Data extracted from 5 SEC EDGAR filings across 4 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.
This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.