Common use of LIBOR Rate Clause in Contracts

LIBOR Rate. For any Interest Period with respect to a LIBOR Rate Loan, the rate of interest equal to (a) the rate determined by the Agent at which Dollar deposits for such Interest Period are offered based on information presented on Telerate Page 3750 as of 11:00 a.m. London time on the second LIBOR Business Day prior to the first day of such Interest Period, divided by (b) a number equal to 1.00 minus the Eurocurrency Reserve Rate, if applicable. LIBOR Rate Loans. Revolving Credit Loans bearing interest calculated by reference to the LIBOR Rate.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Appnet Systems Inc), Revolving Credit Agreement (Hbo & Co)

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LIBOR Rate. For any Interest Period with respect to a LIBOR Rate Loan, the rate of interest equal to (ai) the rate determined by the Agent at which Dollar deposits for such Interest Period are offered based on information presented on Telerate Page 3750 as of 11:00 a.m. London time on the second LIBOR Business Day prior to the first day of such Interest Period, divided by (bii) a number equal to 1.00 minus the Eurocurrency Reserve Rate, if applicable. LIBOR Rate Loans. Revolving Credit Loans bearing interest calculated by reference to the LIBOR Rate.

Appears in 1 contract

Samples: Revolving Credit Agreement (HMT Technology Corp)

LIBOR Rate. For any Interest Period with respect to a LIBOR Rate Loan, the rate of interest equal to (a) the rate determined by the Administrative Agent at which Dollar deposits for such Interest Period are offered based on information presented on Telerate Page 3750 as of 11:00 a.m. London time on the second LIBOR Business Day prior to the first day of such Interest Period, divided by (b) a number equal to 1.00 minus the Eurocurrency Reserve Rate, if applicable. LIBOR Rate Loans. Revolving Credit Loans bearing interest calculated by reference to the LIBOR Rate.

Appears in 1 contract

Samples: Credit Agreement (Starter Corp)

LIBOR Rate. For any Interest Period with respect to a LIBOR Rate Loan, the rate of interest equal to (ai) the rate determined by the Agent at which Dollar deposits for such Interest Period are offered based on information presented on Telerate Page 3750 as of 11:00 a.m. London time on the second LIBOR Business Day prior to the first day of such Interest Period, Period divided by (bii) a number equal to 1.00 minus the Eurocurrency Reserve Rate, if applicable. LIBOR Rate Loans. Revolving Credit Loans bearing interest calculated by reference to the LIBOR Rate.

Appears in 1 contract

Samples: Revolving Credit Agreement (Ionics Inc)

LIBOR Rate. For any Interest Period with respect to a LIBOR Rate Loan, the rate of interest equal to (a) the rate determined by the Agent at which Dollar deposits for such Interest Period are offered based on information presented on Telerate Page 3750 as of 11:00 a.m. London time on the second LIBOR Business Day prior to the first day of such Interest Period, divided by (b) a number equal to 1.00 minus the Eurocurrency Reserve Rate, if applicable. LIBOR Rate LoansRATE LOANS. Revolving Credit Loans and all or any portion of any Term Loan bearing interest calculated by reference to the LIBOR Rate.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Stride & Associates Inc)

LIBOR Rate. For any Interest Period with respect to a LIBOR Rate Loan, the rate of interest equal to (a) the rate determined by the Agent at which Dollar deposits for such Interest Period are offered based on information presented on Telerate Page 3750 as of 11:00 a.m. London time on the second LIBOR Business Day prior to the first day of such Interest Period, divided by (b) a number equal to 1.00 minus the Eurocurrency Reserve Rate, if applicable. LIBOR Rate Loans. Revolving Credit Loans bearing interest calculated by reference to the LIBOR Rate.

Appears in 1 contract

Samples: Revolving Credit Agreement (Brooks Automation Inc)

LIBOR Rate. For any Interest Period with respect to a LIBOR Rate Loan, the rate of interest equal to (a) the rate determined by the Agent at which Dollar deposits for such Interest Period are offered based on information presented on Telerate Page 3750 as of 11:00 a.m. London time on the second LIBOR Business Day prior to the first day of such Interest Period, divided by (b) a number equal to 1.00 minus the Eurocurrency Reserve Rate, if applicable. LIBOR Rate Loans. Revolving Credit Loans and all or any portion of the Acquisition Loan bearing interest calculated by reference to the LIBOR Rate.

Appears in 1 contract

Samples: Revolving Credit Agreement (Aztec Technology Partners Inc /De/)

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LIBOR Rate. For any Interest Period with respect to a LIBOR Rate Loan, the rate of interest equal to (ai) the rate determined by the Agent Bank at which Dollar deposits for such Interest Period are offered based on information presented on Telerate Page 3750 as of 11:00 a.m. London time on the second LIBOR Business Day prior to the first day of such Interest Period, divided by (bii) a number equal to 1.00 minus the Eurocurrency Reserve Rate, if applicable. LIBOR Rate Loans. Revolving Credit Loans bearing interest calculated by reference to the LIBOR Rate.

Appears in 1 contract

Samples: Revolving Credit (Helix Technology Corp)

LIBOR Rate. For any Interest Period with respect to a LIBOR Rate ----- ---- Loan, the rate of interest equal to (a) the rate determined by the Agent at which Dollar deposits for the beginning of such Interest Period are offered based either on information presented on Telerate Page 3750 as of 11:00 a.m. London time on the second LIBOR Business Day prior to the first day of such Interest Period, divided by (b) a number equal to 1.00 minus the Eurocurrency Reserve RatePeriod or, if applicable. LIBOR Rate Loans. Revolving Credit Loans bearing interest calculated by reference such Telerate Page is unavailable for any reason whatsoever, on any other information reasonably available to the LIBOR RateAgent.

Appears in 1 contract

Samples: Revolving Credit Agreement (Value Health Inc / Ct)

LIBOR Rate. For any Interest Period with respect to a LIBOR Rate Loan, the rate of interest equal to (ai) the rate determined by the Agent at which Dollar deposits for such Interest Period are offered based on information presented on Telerate Page 3750 as of 11:00 a.m. London time on the second LIBOR Business Day prior to the first day of such Interest Period, divided by (bii) a number equal to 1.00 minus the Eurocurrency eurocurrency Reserve Rate, if applicable. LIBOR Rate Loans. Revolving Credit Loans bearing interest calculated by reference to the LIBOR Rate.

Appears in 1 contract

Samples: Revolving Credit Agreement (Stride Rite Corp)

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