LIBOR Contracts Sample Clauses
The LIBOR Contracts clause defines how agreements referencing the London Interbank Offered Rate (LIBOR) will be handled, particularly in light of LIBOR's discontinuation. It typically outlines the process for identifying a replacement benchmark rate, such as SOFR, and may specify how adjustments to interest calculations will be made to ensure continuity. This clause ensures that contracts remain enforceable and interest calculations remain clear and fair, even if LIBOR is no longer available, thereby preventing disputes and uncertainty over payment terms.
LIBOR Contracts. At no time may the number of outstanding LIBOR Advances hereunder exceed ten (10).
LIBOR Contracts. At no time may the number of outstanding LIBOR Advances exceed six (6).
LIBOR Contracts. At no time may the number of outstanding LIBOR Advances together with any outstanding Base Rate Advances exceed eight (8). For the purposes of this Section 2.3(e), all outstanding Base Rate Advances shall be deemed to be a single Base Rate Advance.
LIBOR Contracts. At no time may the number of outstanding LIBOR Advances with respect to any tranche hereunder exceed four (4).
LIBOR Contracts. At no time may the number of outstanding Eurocurrency Rate Loans hereunder exceed ten (10).
LIBOR Contracts. At no time may the number of outstanding --------------- LIBOR Advances hereunder and under the ATS Facility B Loan Agreement exceed twelve (12).
LIBOR Contracts. At no time may the number of outstanding LIBOR Rate --------------- Loans exceed five (5). For purposes of this Section 3.1(h), each Advance, Revolving Credit Loan or portion of a Revolving Credit Loan bearing interest at a rate based on LIBOR but with a different Interest Period shall be counted separately.