{"component": "definition", "props": {"groups": [{"snippet": "means, with respect to any LIBOR Borrowing for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of one percent (1%)) equal to the LIBOR Rate for such Interest Period multiplied by the Statutory Reserve Rate. 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Reserve Percentage: Adjusted LIBOR Rate = LIBOR", "size": 33, "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [7, 22]}, {"key": "interest-accrual-period", "type": "clause", "offset": [38, 61]}, {"key": "applicable-to", "type": "definition", "offset": [89, 102]}, {"key": "divided-by", "type": "clause", "offset": [133, 143]}, {"key": "reserve-percentage", "type": "definition", "offset": [167, 185]}], "samples": [{"hash": "1TeiZvto5vg", "uri": "/contracts/1TeiZvto5vg#adjusted-libor-rate", "label": "Loan Agreement (Gaia, Inc)", "score": 30.3223819733, "published": true}, {"hash": "2Z92xE8xJOy", "uri": "/contracts/2Z92xE8xJOy#adjusted-libor-rate", "label": "Loan Agreement (Condor Hospitality Trust, Inc.)", "score": 28.761806488, "published": true}, {"hash": "3xJWpb6Aol7", "uri": "/contracts/3xJWpb6Aol7#adjusted-libor-rate", "label": "Loan Agreement (Clipper Realty Inc.)", "score": 26.9739894867, "published": true}], "hash": "52ad348dfceadf7b9743ccd574f93c26", "id": 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The Adjusted LIBOR Rate will be adjusted automatically as to all LIBOR Borrowings then outstanding as of the effective date of any change in the Statutory Reserve Rate.", "size": 2440, "id": "adjusted-libor-rate", "examples": ["The applicable Alternate Base Rate or <strong>Adjusted LIBOR Rate</strong> shall be determined by the Administrative Agent in accordance with the provisions of this Agreement and such determination shall be conclusive absent manifest error.", "Subject to the provisions of Section 2.06(c), the Loans comprising each Eurodollar Borrowing shall bear interest at a rate per annum equal to the <strong>Adjusted LIBOR Rate</strong> for the Interest Period in effect for such Borrowing plus the Applicable Margin in effect from time to time.", "The Administrative Agent shall as soon as practicable notify the Borrower and the affected Lenders of each determination of an <strong>Adjusted LIBOR Rate</strong>.", "The <strong>Adjusted LIBOR Rate</strong> shall apply to the entire principal balance outstanding of a LIBOR Advance for any LIBOR Interest Period.", "The Revolving Loans may consist of Base Rate Loans, <strong>Adjusted LIBOR Rate</strong> Loans, or a combination thereof, as the Borrower may request.", "If on any day a Loan is outstanding with respect to which a Funding Notice or Conversion/Continuation Notice has not been delivered to the Administrative Agent in accordance with the terms hereof specifying the applicable basis for determining the rate of interest, then for that day (i) if such Loan is an <strong>Adjusted LIBOR Rate</strong> Loan, such Loan shall become a Base Rate Loan and (ii) if such Loan is a Base Rate Loan, such Loan shall remain a Base Rate Loan.", "Determination of amounts payable under such Sections in connection with a LIBOR Advance shall be calculated as though each Lender funded its LIBOR Advance through the purchase of a deposit of the type and maturity corresponding to the deposit used as a reference in determining the <strong>Adjusted LIBOR Rate</strong> applicable to such Advance, whether in fact that is the case or not.", "Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any <strong>Adjusted LIBOR Rate</strong> Loans (or telephonic notice in lieu thereof) shall be irrevocable on and after the related Interest Rate Determination Date, and the Borrower shall be bound to effect a conversion or continuation in accordance therewith.", "In the event the Borrower fails to specify an Interest Period for any <strong>Adjusted LIBOR Rate</strong> Loan in the applicable Funding Notice or Conversion/Continuation Notice, the Borrower shall be deemed to have selected an Interest Period of one (1) month.", "In the event the Borrower fails to specify between a Base Rate Loan or an <strong>Adjusted LIBOR Rate</strong> Loan in the applicable Funding Notice or Conversion/Continuation Notice, such Loan (i) if outstanding as an <strong>Adjusted LIBOR Rate</strong> Loan, will be automatically converted into a Base Rate Loan on the last day of the then-current Interest Period for such Loan, and (ii) if outstanding as a Base Rate Loan will remain as, or (if not then outstanding) will be made as, a Base Rate Loan."], "related": [["adjusted-libo-rate", "Adjusted LIBO Rate", "Adjusted LIBO Rate"], ["adjusted-libor", "Adjusted LIBOR", "Adjusted LIBOR"], ["daily-libor-rate", "Daily LIBOR Rate", "Daily LIBOR Rate"], ["applicable-libor-rate", "Applicable LIBOR Rate", "Applicable LIBOR Rate"], ["base-libor-rate", "Base LIBOR Rate", "Base LIBOR Rate"]], "related_snippets": [], "updated": "2026-04-18T05:49:41+00:00"}, "json": true, "cursor": ""}}