LIBOR Rate Option. A rate per annum (computed on the basis of a year of 360 days and actual days elapsed) equal to the LIBOR Rate as determined for each applicable Interest Period plus the Applicable Margin.
Appears in 3 contracts
Sources: Credit Agreement (CONSOL Energy Inc.), Credit Agreement (CONSOL Energy Inc.), Credit Agreement (CONSOL Energy Inc.)
LIBOR Rate Option. A rate per annum (computed on the basis of a year of 360 days and actual days elapsed) equal to the LIBOR Rate as determined for each applicable Interest Period plus the LIBOR Applicable Margin.
Appears in 2 contracts
Sources: Term Loan Agreement (Associated Estates Realty Corp), Term Loan Agreement (Associated Estates Realty Corp)
LIBOR Rate Option. A rate per annum (computed on the basis of a year of 360 days and actual days elapsed) equal to the LIBOR Rate as determined for each applicable Interest Period plus the Applicable Margin.
Appears in 2 contracts
Sources: Credit Agreement (Gsi Commerce Inc), Credit Agreement (Federated Investors Inc /Pa/)
LIBOR Rate Option. A rate per annum (computed on the basis of a year of 360 days and actual days elapsed) equal to the LIBOR Rate as determined for each applicable Interest Period plus the Applicable Margin; provided that the LIBOR Rate Option shall not be available until three (3) Business Days after the Effective Date unless the Borrower has delivered to the Administrative Agent a letter in form and substance reasonably satisfactory to the Administrative Agent indemnifying the Lenders in the manner set forth in Section 5.11.
Appears in 1 contract
Sources: Term Loan Credit Agreement (New Jersey Resources Corp)