Adjusted LIBOR Loan definition

Adjusted LIBOR Loan means a Eurocurrency Loan bearing interest at a rate based on Adjusted LIBOR as provided in Section 2.6(b).
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Adjusted LIBOR Loan means Loans at such time as they are made and/or being maintained at a rate of interest based upon Reserve Adjusted Libor.
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Adjusted LIBOR Loan means a Eurocurrency Loan bearing interest at a rate based on Adjusted LIBOR as provided in Section 2.6(b). “Administrative Agent” means JPMorgan Chase Bank, N.A., acting in its capacity as administrative agent for the Lenders, and in the case of Loans
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Examples of Adjusted LIBOR Loan in a sentence

  • For purposes of calculating amounts payable by the Borrower to the Lenders under this Section 3.05, each Lender shall be deemed to have funded each Adjusted LIBOR Loan made by it at the Adjusted LIBOR used in determining Adjusted LIBOR for such Loan by a matching deposit or other borrowing in the London interbank eurodollar market for a comparable amount and for a comparable period, whether or not such Adjusted LIBOR Loan was in fact so funded.

  • A Notice of Borrowing or a Notice of Rate Election for an Adjusted LIBOR Loan shall be irrevocable on and after the related Interest Rate Determination Date, and Borrower shall be bound to make, continue or convert to an Adjusted LIBOR Loan in accordance therewith.

  • In the event interest for the period from the Effective Date to but not including the Payment Date is not paid by the Borrower with respect to any Adjusted LIBOR Loan sold by the Assignor to the Assignee hereunder, the Assignee shall pay to the Assignor interest for such period on the portion of such Adjusted LIBOR Loan sold by the Assignor to the Assignee hereunder at the applicable rate provided by the Credit Agreement.

  • If the Assignor and the Assignee agree that the Payment Date for such Adjusted LIBOR Loan shall be the Effective Date, they shall agree to the interest rate applicable to the portion of such Loan assigned hereunder for the period from the Effective Date to the end of the existing Interest Period applicable to such Adjusted LIBOR Loan (the "Agreed Interest Rate") and any interest received by the Assignee in excess of the Agreed Interest Rate shall be remitted to the Assignor.

  • Any Adjusted LIBOR Loan shall bear interest (computed on the basis of a 360-day year and actual days elapsed including the first day but excluding the date of repayment) on the unpaid principal amount thereof from the date such Loan is made until maturity (whether by acceleration or otherwise) or, in the case of Adjusted LIBOR Loans, conversion to Base Rate Loans at a rate per annum equal to the lesser of (i) the Highest Lawful Rate, or (ii) the sum of Adjusted LIBOR plus the Applicable Margin.

  • The Applicable Margin for any Base Rate Loan shall be equal to (i) the Base Rate plus the then Applicable Margin for that tranche of Adjusted LIBOR Loan, minus (ii) 1.00%.

  • If such Advance was in the form of an Adjusted LIBOR Loan, any prepayment penalty under Section 2.2.8.1 for breakage of an Interest Period shall be paid by the Lender which failed to fund its Pro Rata Share of such Advance.

  • The Loan, until paid in full, shall henceforth bear interest on the unpaid principal balance thereof from the initial funding date of each Reference Rate Loan or the Conversion Date of each Adjusted LIBOR Loan as follows: i.

  • The Union shall provide the Company with a current written list of such stewards and alternates, if any, indicating their areas of responsibility.

  • The Notice of Rate Election shall specify: (a) the proposed date of change or continuation (which shall be a Business Day); (b) the type of Loan and amount thereof affected; (c) the Interest Rate Option being selected; and (d) with respect to Adjusted LIBOR Loans, the Interest Periods therefor; provided that the minimum amount of any Adjusted LIBOR Loan shall be $100,000 and integral multiples of $50,000 in excess of that amount.

Related to Adjusted LIBOR Loan

  • Adjusted LIBOR means, for any Borrowing of Eurodollar Loans, a rate per annum determined in accordance with the following formula: Adjusted LIBOR = LIBOR

  • Adjusted LIBOR Rate means, at any time with respect to any LIBOR Loan, a rate per annum equal to the LIBOR Rate as in effect at such time plus the Applicable Margin Percentage for LIBOR Loans as in effect at such time.

  • Adjusted LIBO Rate means, with respect to any Eurodollar Borrowing for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/100 of 1%) equal to (a) the LIBO Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate.

  • Eurocurrency Interest Period means with respect to any Eurocurrency Rate Borrowing, the period commencing on the date of such Borrowing and ending on the numerically corresponding day in the calendar month that is one, two, three or six months (or, to the extent agreed to by the Agent and each Lender making such Eurocurrency Rate Borrowing, twelve months or any shorter period) thereafter, as a Borrower may elect; provided that (a) if any Eurocurrency Interest Period would end on a day other than a Business Day, such Eurocurrency Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Eurocurrency Interest Period shall end on the next preceding Business Day, (b) any Eurocurrency Interest Period that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such Eurocurrency Interest Period) shall end on the last Business Day of the last calendar month of such Eurocurrency Interest Period and (c) no Eurocurrency Interest Period for any (i) Eurocurrency Rate Revolving Loan shall end after the latest Scheduled Termination Date for the applicable Revolving Commitments under the applicable Revolving Facility or (ii) Eurocurrency Rate Term Loans shall end after the stated maturity date of such Term Loans.

  • LIBOR Loan means a Loan which bears interest at a LIBOR Rate.