LIBOR Period Sample Clauses

LIBOR Period. As used herein, “LIBOR Period” means, with respect to a LIBOR Option Advance:
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LIBOR Period. Agent promptly shall notify each Lender of any notice by Borrower made under this Section 1.5(f), or if such notice is not timely received, Agent promptly will notify each Lender of the applicable LIBOR Period.
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LIBOR Period. LIBOR Period means, with respect to any LIBOR Rate Loan, each period commencing on a London Business Day as set forth in the Notice of Rate Selection and ending one, two or three months thereafter, as applicable; provided that (i) any LIBOR Period that would otherwise end on (but exclude) a day which is not a London Business Day shall be extended to the next succeeding London Business Day, unless the result of such extension would be to carry such LIBOR Period into the next calendar month, in which event such LIBOR Period shall end on (but exclude) the preceding London Business Day; (ii) any LIBOR Period that ends in a month for which there is no day which numerically corresponds to the day in the calendar month at the end of such LIBOR Period shall end on (but exclude) the last London Business Day of such month, (iii) any LIBOR Period that would otherwise extend past the Maturity Date shall end on (but exclude) two days prior to the Maturity Date and (iv) Borrower shall select LIBOR Periods so that there shall be no more than four (4) separate LIBOR Rate Loans in existence at any one time. Upon the occurrence of any Event of Default by Borrower under the Loan Documents (whether or not the Maturity Date is accelerated), the Notes shall bear interest at the Default Rate.
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LIBOR Period. 16 1.99. Lien.................................................................................16 1.100. Line of Credit.......................................................................17 1.101. Loan Documents.......................................................................17 1.102. Loan Party...........................................................................17 1.103. Local Account........................................................................17 1.104. Material Adverse Change..............................................................17 1.105. Material Adverse Effect..............................................................17 1.106. Minimum Availability.................................................................17 1.107. Mortgages............................................................................18 1.108. Multiemployer Plan...................................................................18 1.109. Net Interest Expense.................................................................18 1.110. Obligations..........................................................................18 1.111. Operating Account....................................................................19 1.112. Other Letters of Credit..............................................................19 1.113. Out-of-Pocket Expenses...............................................................19 1.114. Patents..............................................................................20 1.115. PBGC.................................................................................20 1.116. Pension Plan.........................................................................20 1.117. Permit...............................................................................20 SECTION PAGE 1.118. Permitted Encumbrances..............................................................20 1.119. Permitted Indebtedness..............................................................20 1.120. Permitted Purchase Money Liens......................................................21 1.121. Person..............................................................................21 1.122. Plan................................................................................21 1.123. Pledge Agreements...................................................................21 1.124. Pledged Collateral..................................................................21 1.125. Pledged Shares....
Sample 1
LIBOR Period. Borrower must make such election by notice to Agent in writing, by telecopy or overnight courier. In the case of any conversion or continuation, such election must be made pursuant to a written notice (a "NOTICE OF CONVERSION/CONTINUATION") in the form of EXHIBIT 1.5(E). Borrower shall not be entitled to request or continue any Revolving Loan as, or convert any Revolving Loan into, a LIBOR Loan unless at the time of such request, conversion or continuation, the aggregate outstanding principal balance of the Revolving Credit Advances plus the amount of the Swing Line Advances equals or exceeds $5,000,000. Not more than ten (10) LIBOR Loans shall be outstanding at any time.
Sample 1
LIBOR Period. As used herein, "LIBOR PERIOD" means, with respect to a LIBOR Option Advance:
Sample 1
LIBOR Period. As used herein, "LIBOR Period" means a period commencing on a Business Day, and continuing for, in every case, no greater than thirty (30), sixty (60), or ninety (90) days, as designated by Borrower, during which all or a portion of the outstanding principal balance of the Note bears interest determined in relation to Bank's LIBOR, provided that:
Sample 1
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LIBOR Period each period commencing on a LIBOR Business Day and ending on the first LIBOR Business Day of the month beginning three months thereafter; provided that the first LIBOR Period shall begin on the Closing Date and end on April 1, 2008, and each successive LIBOR Period shall begin on the last LIBOR Business Day of the immediately preceding LIBOR Period.
Sample 1
LIBOR Period. 3. We hereby request a Conversion of a maturing LIBOR Loan into a US Base Rate Loan as follows:
Sample 1

Related to LIBOR Period

  • Interest Period Commencing on the first (1st) Payment Date of the month following the month in which the Funding Date of the applicable Term Loan Advance occurs, and continuing on each Payment Date thereafter, Borrower shall make monthly payments of interest on the principal amount of each Term Loan Advance at the rate set forth in Section 2.2(a).

  • Rest Period An employee who works overtime shall have at least a ten hour rest period between the end of ordinary hours on any one day and start of ordinary hours on the next day. If on the instructions of the employer, the employee resumes or continues work without having had 10 consecutive hours off duty, the employee shall be paid double time until he or she is released from duty for ten hour rest period. The employee shall then be entitled to be absent without loss of pay for ordinary working hours occurring during the ten hour rest period. In the case of shift workers, eight hours shall be substituted for ten hours when overtime is worked:

  • LIBOR Borrower may prepay principal on any portion of this Note which bears interest determined in relation to LIBOR at any time and in the minimum amount of One Hundred Thousand Dollars ($100,000.00); provided however, that if the outstanding principal balance of such portion of this Note is less than said amount, the minimum prepayment amount shall be the entire outstanding principal balance thereof. In consideration of Bank providing this prepayment option to Borrower, or if any such portion of this Note shall become due and payable at any time prior to the last day of the Fixed Rate Term applicable thereto by acceleration or otherwise, Borrower shall pay to Bank immediately upon demand a fee which is the sum of the discounted monthly differences for each month from the month of prepayment through the month in which such Fixed Rate Term matures, calculated as follows for each such month:

  • Duration of normal Interest Periods Subject to Clauses 6.3 and 6.4, each Interest Period shall be:

  • LIBOR Rate The election of LIBOR Rates shall be subject to the following terms and requirements:

  • Notification of interest periods and default rates The Agent shall promptly notify the Lenders and the Borrower of each interest rate determined by the Agent under Clause 7.3 and of each period selected by the Agent for the purposes of paragraph (b) of that Clause; but this shall not be taken to imply that the Borrower is liable to pay such interest only with effect from the date of the Agent’s notification.

  • Notice of Interest Period and Interest Rate Promptly after receipt of a Notice of Borrowing pursuant to Section 2.02(a), a notice of Conversion pursuant to Section 2.09 or a notice of selection of an Interest Period pursuant to the definition of “Interest Period”, the Administrative Agent shall give notice to the Borrower and each Lender of the applicable Interest Period and the applicable interest rate determined by the Administrative Agent for purposes of clause (a)(i) or (a)(ii) above.

  • LIBOR Advances The interest rate applicable to each LIBOR Advance shall be determined in accordance with Section 3.6(a) hereunder. Subject to Sections 3.6 and 3.7, such rate shall apply during the entire Interest Period applicable to such LIBOR Advance, and interest calculated thereon shall be payable on the Interest Payment Date applicable to such LIBOR Advance.

  • Duration of Interest Periods 32 2.9 Interest Rates and Payments of Interest.................................... 33 2.10

  • Interest Periods In connection with each LIBOR Rate Loan, the Borrower, by giving notice at the times described in Section 3.1(a), shall elect an interest period (each, an "Interest Period") to be applicable to such Loan, which Interest Period shall be a period of one (1), two (2), three (3) or six (6) months with respect to each LIBOR Rate Loan; provided that:

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