Interest Option definition

Interest Option has the meaning given such term in Section 2.5(c).
Interest Option means the LIBOR Rate or the Alternate Base Rate.
Interest Option means LIBOR or the Reference Rate.

Examples of Interest Option in a sentence

  • Each Lender shall be entitled to fund all or any portion of its Lender Commitment in any manner it deems appropriate, consistent with the provisions of Section 2.05, but for the purposes of this Credit Agreement such Lender shall, regardless of such Lender’s actual means of funding, be deemed to have funded its Lender Commitment in accordance with the Interest Option selected from time to time by the Borrowers for such Borrowing period.


More Definitions of Interest Option

Interest Option means SOFR or the Reference Rate.
Interest Option means any of them.
Interest Option means each of the Eurocurrency Rate and the Base Rate.
Interest Option means each of LIBOR and the Prime Rate.
Interest Option means, at the Borrowers’ option, each of the Term SOFR Rate and the Alternate Base Rate.
Interest Option means Daily Simple SOFR, Term SOFR, the Reference Rate, Daily Simple ▇▇▇▇▇, Term ▇▇▇▇▇ or the applicable Eurocurrency Term Rate.
Interest Option shall have the meaning ascribed to it in Section 2.9(a) hereof.