Examples of Each Libor Loan in a sentence
Each Libor Loan bears interest at the Libor applicable to each such loan, plus the Applicable Margin.
Advances permitted pursuant to the terms of the Note or this Addendum which bear interest in relation to the Libor Rate shall be referred to herein as "Libor Loans" and each such advance shall be a "Libor Loan." Each Libor Loan shall bear interest at the Libor Rate, as defined below.
Each Libor Loan shall have a Contract Period of one, two, three or six months (each month being a period of 30 days for purposes of this Section), subject to availability.
Each Libor Loan shall bear interest from and including the first day of the Libor Interest Period applicable thereto to (but not including) the last day of such Libor Interest Period at the interest rate applicable to such Libor Loan.
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Each Libor Loan shall bear interest on the outstanding principal amount thereof, for each Libor Period applicable thereto, at a rate as set forth in Section 1.3. Such interest shall be payable for such Libor Period on the last day thereof and when such Libor Loan is due (whether at maturity, by reason of acceleration or otherwise) and, if such Libor Period is longer than three months, at intervals of three months after the first day thereof.
Each Libor Loan bears interest at the Libor applicable to each such loan, plus 1.75%.
Each Libor Loan shall bear interest from and including the first day of the Libor Interest Period applicable thereto to (but not including) the last day of such Libor Interest Period at the interest rate determined as applicable to such Libor Loan.
Each Libor Loan shall have a Contract Period of one month (each month being a period of 30 days for purposes of this Section) or such longer period of time in whole months as the Borrower may request and the Bank in its sole discretion may agree, subject to availability.
Each Libor Loan (including, without limitation, any Loan of another Type which is converted into a Libor Loan) shall be in an amount equal to at least $1,000,000 or a whole multiple of $100,000 in excess thereof.