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%).
Appears in 2 contracts
Samples: Loan and Security Agreement (Alesco Financial Inc), Loan and Security Agreement (Alesco Financial Inc)
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 Advance(s) – Any monies advanced or credit extended to Borrower by any Lender under the Revolving Credit Base Rate Credit, including without limitation cash advances and Letters of Credit. Advance Request – The higher of (i) the Base Rate plus the Base Rate Applicable Margin and (ii) eight and one half percent (8.50%Section 2.5(b)(i).
Appears in 1 contract
Samples: Loan and Security Agreement (Resource America, Inc.)
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 – 1-LIBOR Reserve Percentage Adjusted Revolving Credit Base Rate Rate– The higher of (i) the Base Rate plus the Base Rate Applicable Margin and one hundred (ii100) eight and one half percent (8.50%)basis points.
Appears in 1 contract
