Adjusted LIBOR Rate. For the LIBOR Interest Period for each LIBOR Rate Loan comprising part of the same borrowing (including conversions, extensions and renewals), a per annum interest rate determined pursuant to the following formula: Adjusted LIBOR Rate = London Interbank Offered Rate 1 – LIBOR Reserve Percentage Adjusted Revolving Credit Base Rate – The higher of (i) the Base Rate plus the Base Rate Applicable Margin and (ii) eight and one half percent (8.50%).
Adjusted LIBOR Rate. The “Adjusted LIBOR Rate” for any LIBOR Loan is the LIBOR Rate plus the LIBOR Increment. The LIBOR Rate for each LIBOR Loan shall be determined by Administrative Agent in accordance with the terms herein. For each LIBOR Loan, the Adjusted LIBOR Rate shall fluctuate as provided for herein. The “LIBOR Rate” shall be, for each calendar week commencing on Tuesday of such week, the rate per annum, as determined by Administrative Agent, as reported by The Wall Street Journal and identified as the “London Interbank Offered Rate” for an interest period of 30 days, on (a) each Monday immediately preceding, or (b) if any such Monday is not a Business Day, then on the Business Day immediately preceding such Monday. If for any reason such rate is not available, the term “LIBOR Rate” shall mean, for any LIBOR Loan, the rate per annum appearing on Reuters Screen LIBOR01 Page as the London interbank offered rate for deposits in Dollars at approximately 11:00 a.m. (London time) for an interest period of 30 days, on (a) each Monday immediately preceding, or (b) if any such Monday is not a Business Day, then on the Business Day immediately preceding such Monday; provided, however, if more than one rate is specified on Reuters Screen LIBOR01 Page, the applicable rate shall be the arithmetic mean of all such rates (rounded upwards, if necessary, to the nearest 1/1000 of 1%).
Adjusted LIBOR Rate. 1 Affiliate 1 Aggregate Commitment.............................................................................1
Adjusted LIBOR Rate. The Adjusted Libor Rate plus the Applicable Margin, such rate to change when and as the Applicable Margin changes.
Adjusted LIBOR Rate. The Adjusted Libor Rate plus ------------------- the Applicable Margin.
Adjusted LIBOR Rate. The term “ADJUSTED LIBOR RATE” means, for any LIBOR BORROWING for any INTEREST PERIOD thereof, that rate per annum, rounded upwards, if necessary, to the nearest one hundredth of one percent (.01%), determined by the LENDER to be equal to the sum of: (a) the quotient obtained by dividing (i) the LIBOR RATE for such LIBOR BORROWING for such INTEREST PERIOD by (ii) 1.00, and if elected by the LENDER, minus the RESERVE REQUIREMENT for such LIBOR BORROWING for such INTEREST PERIOD; plus (b) the APPLICABLE MARGIN.
Adjusted LIBOR Rate. Subject to the terms of this Section (including subsection “(ii)” (captioned “Availability”), interest shall accrue on principal balances advanced and outstanding on account of the Mortgage Loans at the Adjusted LIBOR Rate for successive one-month Interest Periods determined for the first draw under the Mortgage Loans and continuing thereafter as redetermined and reset for each consecutive Interest Period. Interest payments shall be due and payable in arrears on the Interest Payment Date at the end of each such Interest Period.
Adjusted LIBOR Rate. The term “ADJUSTED LIBOR RATE” means, for any LIBOR BORROWING for any selected INTEREST PERIOD, that rate per annum, rounded upwards, if necessary, to the nearest one hundredth of one percent (.01%), determined by the ADMINISTRATIVE AGENT to be equal to the sum of: (a) the quotient obtained by dividing (i) the LIBOR RATE for such LIBOR BORROWING for such INTEREST PERIOD by (ii) 1.00 minus the RESERVE REQUIREMENT for such LIBOR BORROWING for such INTEREST PERIOD; plus (b) the APPLICABLE PERCENTAGE.
Adjusted LIBOR Rate. The Adjusted LIBOR Rate for any LIBOR Loan which is a Revolving Loan shall be the LIBOR Rate plus the applicable LIBOR Revolving Margin determined from the table in Section 4.6.
Adjusted LIBOR Rate. The Adjusted Libor Rate plus -------------------- the Applicable Margin. provided, however, that from and after the Amendment Effective Date until the achievement of a Successful Syndication, Borrower shall not be entitled to elect the interest rate based on the Adjusted Libor Rate. All Libor Portions outstanding on the Amendment Effective Date shall at the expiration of the Interest Period with respect thereto convert to Base Rate Portions. So long as a Successful Syndication has not been achieved, all new advances, and all other outstanding advances (except for Libor Portions that have not yet expired as provided in the preceding sentence) shall bear interest based on the Base Rate.
