Common use of LIBO Rate Clause in Contracts

LIBO Rate. The definition of LIBO Rate in Section 1.01 of the Credit Agreement is hereby amended by replacing the term 1.0% in both instances where such term is referenced with “(i) prior to the Second Amendment Effective Date, 1.00% and (ii) from and after the Second Amendment Effective Date 0.75%”.

Appears in 2 contracts

Sources: Credit and Guaranty Agreement (American Airlines Inc), Credit and Guaranty Agreement (Us Airways Inc)