Daily Floating LIBOR Rate Loan definition

Daily Floating LIBOR Rate Loan means any Swingline Loan bearing interest at a rate determined by reference to the Daily Floating LIBOR Rate.
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Daily Floating LIBOR Rate Loan means a Loan that bears interest at a rate based on the Daily Floating LIBOR Rate. Daily Floating Rate LIBOR Loans shall be denominated in Dollars.
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Daily Floating LIBOR Rate Loan means a Loan that bears interest at a rate based on the Daily Floating LIBOR RateCompounded XXXXX” means, for any day, XXXXX with interest accruing on a compounded daily basis, with the methodology and conventions for this rate being established by the Administrative Agent.
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Examples of Daily Floating LIBOR Rate Loan in a sentence

  • The Swing Line Lender at any time in its sole discretion may request, on behalf of the Borrower (which hereby irrevocably requests and authorizes the Swing Line Lender to so request on its behalf), that each Lender make a Base Rate Loan or a Daily Floating LIBOR Rate Loan, as applicable, in an amount equal to such Lender’s Applicable Percentage of the amount of Swing Line Loans then outstanding.

  • As to any Base Rate Loan or any Daily Floating LIBOR Rate Loan, Interest Payment Dates shall be the first Business Day of each January, April, July and October and the Termination Date of the Facility under which such Loan was made.

  • Each Swing Line Loan shall be a Base Rate Loan or a Daily Floating LIBOR Rate Loan.

  • Each Base Rate Loan and Daily Floating LIBOR Rate Loan shall bear interest for each day that it is outstanding at the rate per annum set forth above.

  • Each Swingline Loan denominated in Dollars shall be made as a Daily Floating LIBOR Rate Loan andeach Swingline Loan denominated in Euros and Sterling shall be made as a Euro Swingline Rate Loan and, in each case, subject to S ection 2 .6(a)(iii), shall have such maturity date as agreed to by the Swingline Lender and the Parent Borrower.

  • Any prepayment of a Eurodollar Rate Loan or Daily Floating LIBOR Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to S ection 3.05.

  • For this purpose, its armed forces must be located at the L4 and L5 points of lunar libration, 60 degrees ahead and behind the Moon in the Earth's orbit.No less modern is the Special Operations School.

  • Any prepayment of a Eurodollar Rate Loan or Daily Floating LIBOR Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05.


More Definitions of Daily Floating LIBOR Rate Loan

Daily Floating LIBOR Rate Loan a Loan that bears interest at a rate based on the Daily Floating LIBOR Rate. All Daily Floating LIBOR Rate Loans shall be denominated in Dollars.
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Related to Daily Floating LIBOR Rate Loan

  • Floating Rate Loan means a Loan which bears interest at the Floating Rate.

  • Reference Rate Loan means any Committed Loan that bears interest at a rate determined with reference to the Reference Rate.

  • LIBOR Rate Loan means a Loan that bears interest based on LIBOR.

  • Eurocurrency Rate Advance means a Revolving Credit Advance or a Term Loan Advance denominated in Dollars or in an Agreed Currency which bears interest as provided in Section 2.07(b) or a Local Currency Advance which bears interest as provided in Section 2.07(b) and the Local Currency Addendum.

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • LIBO Rate Loan means a Loan bearing interest, at all times during an -------------- Interest Period applicable to such Loan, at a fixed rate of interest determined by reference to the LIBO Rate (Reserve Adjusted).

  • Eurocurrency Rate Loan means a Loan that bears interest at a rate based on clause (a) of the definition of “Eurocurrency Rate”.

  • Eurodollar Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(ii).

  • Eurocurrency Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurocurrency Rate.

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.

  • Eurodollar Rate Loan means a Loan that bears interest at a rate based on the Eurodollar Rate.

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Prime Rate Loan means any Loan that bears interest with reference to the Prime Rate.

  • Eurocurrency Base Rate has the meaning specified in the definition of Eurocurrency Rate.

  • Floating Rate Advance means an Advance which bears interest at the Floating Rate.

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • Floating Rate Interest Period means, during the Floating Rate Period, the period beginning on (and including) a Floating Rate Period Interest Payment Date and ending on (but excluding) the next succeeding Floating Rate Period Interest Payment Date; provided that the first Floating Rate Interest Period will begin on (and include) April 18, 2025 and will end on (but exclude) the first Floating Rate Period Interest Payment Date.