Daily LIBOR Rate Loan definition

Daily LIBOR Rate Loan means a Committed Loan that bears interest at a rate based on the Daily LIBOR Rate.
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Daily LIBOR Rate Loan means any Advance that bears interest based upon the Adjusted Daily LIBOR Rate.
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Daily LIBOR Rate Loan means each portion of a Revolving Loan that bears interest at a rate determined by reference to Daily One Month LIBOR. “Daily LIBOR Rate Margin” has the meaning set forth in the definition of Applicable Margin. “Default” means an event, condition, or default that, with the giving of notice, the passage of time, or both, would be an Event of Default. “Default Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable. “Defaulting Lender” means any Lender that (a) has failed to (i) fund all or any portion of its Loans within two (2) Business Days of the date such Loans were required to be funded hereunder unless such Lender notifies Agent and Borrowers in writing that such failure is the result of such Lender’s determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable Default or Event of Default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to Agent, Issuing Bank, or any other Lender any other amount required to be paid by it hereunder (including in respect of its participation in Letters of Credit) within two (2) Business Days of the date when due, (b) has notified any Borrower, Agent or Issuing Bank in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates to such Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s determination that a condition precedent
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Examples of Daily LIBOR Rate Loan in a sentence

  • Each Protective Advance and each Overadvance (each, an “ Extraordinary Advance”) shall be deemed to be a Revolving Loan hereunder, except that no Extraordinary Advance shall be eligible to be a LIBOR Rate Loan or a Daily LIBOR Rate Loan and, prior to Settlement therefor, all payments on the Extraordinary Advances shall be payable to Agent solely for its own account.

  • Parity between boys and girls remains one of the objectives to be attained, since males remain in the majority.

  • PSI is responsible for distribution, in accordance with the plan contained in this application.

  • Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of Credit) shall bear interest as follows: (i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate, plus the LIBOR Rate Margin; (ii) if the relevant Obligation is a Daily LIBOR Rate Loan, at a per annum rate equal to the Daily LIBOR Rate, plus the Daily LIBOR Rate Margin; and (iii) otherwise, at a per annum rate equal to the Base Rate, plus the Base Rate Margin.

  • Borrower shall give Bank a Conversion/Continuation Notice of each conversion of a Daily LIBOR Rate Loan to a Periodic LIBOR Rate Loan or continuation of a Periodic LIBOR Rate Loan not later than 2:00 p.m., Milwaukee time, two London Business Days prior to the date of the requested conversion or continuation, specifying (i) the requested date of such conversion or continuation, (ii) the amount of loan to be converted or continued, and (iii) the duration of the Interest Period applicable thereto.

  • Such notice shall specify (i) the effective date and amount of each Daily LIBOR Rate Loan; and (ii) such other information in respect thereof as reasonably requested by the Bank (each such notification a “Notice of Daily LIBOR Rate Loan Borrowing”).

  • A Daily LIBOR Rate Loan shall continue as a Daily LIBOR Rate Loan unless and until converted to a Periodic LIBOR Rate Loan as provided hereunder.

  • Until such notice has been withdrawn, Lender shall have no obligation to make an affected type of Daily LIBOR Rate Loan or maintain outstanding affected Daily LIBOR Rate Loans and the Borrower shall not have the right to convert a Domestic Rate Loan or an unaffected type of Daily LIBOR Rate Loan into an affected type of Daily LIBOR Rate Loan.

  • Notice of Conversion/Extension - A written notice of conversion of an Adjusted LIBOR Rate Loan to a Base Rate Loan or a Daily LIBOR Rate Loan, or of a Base Rate Loan to an Adjusted LIBOR Rate Loan or a Daily LIBOR Rate Loan, or of a Daily LIBOR Rate Loan to an Adjusted LIBOR Rate Loan or a Base Rate Loan or extension of an Adjusted LIBOR Rate Loan, in each case substantially in the form of Exhibit C attached hereto.

  • Each Daily LIBOR Rate Loan shall continue until such time as Borrower elects to convert such Daily LIBOR Rate Loan into an Index Rate Loan or a LIBOR Contract Loan in accordance with the terms hereof.


More Definitions of Daily LIBOR Rate Loan

Daily LIBOR Rate Loan means a Swing Line Loan made pursuant to clause (ii) of the second sentence of Section 2.3.2(a) denominated in Dollars bearing interest at a rate determined by reference to the Daily LIBOR Rate.
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Daily LIBOR Rate Loan has the meaning set forth in Section 6(a)(ii).
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Related to Daily LIBOR Rate Loan

  • LIBOR Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the LIBOR Rate.

  • CDOR Rate Loan means a Loan denominated in Canadian Dollars the rate of interest applicable to which is based on the CDOR Rate.

  • Reference Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the Reference Rate.

  • Index Rate Loan means a Loan or portion thereof bearing interest by reference to the Index 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 the Eurocurrency Rate.

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

  • Eurodollar Rate Borrowing means a Borrowing comprised of Eurodollar Rate Loans.

  • Eurocurrency Rate Advance means a Revolving Credit Advance denominated in Dollars or a Committed Currency that bears interest as provided in Section 2.07(a)(ii).

  • LIBOR Rate Loans means Loans bearing interest at rates determined by reference to the Adjusted LIBOR Rate as provided in subsection 2.2A.

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

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

  • LIBOR Loan means a Loan or any portion thereof bearing interest by reference to the LIBOR Rate.

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

  • 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.

  • Offshore Rate Loan means a Loan that bears interest based on the Offshore Rate.

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

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

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

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

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

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

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

  • Base Rate Loan means a Loan that bears interest based on the Base Rate.

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

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