LIBOR Loan. Each Loan that is a LIBOR Loan shall bear interest at a fluctuating per annum rate equal to the Adjusted LIBOR Interest Rate for the applicable Interest Period, as quotes are available, increased by the applicable LIBOR Margin set forth below. Any changes to the LIBOR Margin shall not apply to LIBOR Loans outstanding or requested on the date the LIBOR Margin is adjusted.
Appears in 2 contracts
Sources: Credit Agreement (Us Ecology, Inc.), Revolving Credit Agreement (American Ecology Corp)