Interest Rate Options definition

Interest Rate Options. Has the meaning set forth in Section 2.03(b) --------------------- hereof.

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Interest Rate Options. The Borrower may elect that the Loans comprising each borrowing bear interest at a rate per annum equal to: the ABR plus the Applicable Margin; or the Adjusted LIBO Rate plus the Applicable Margin. As used herein:

Interest Rate Options. The Borrower may elect that the Loans comprising each borrowing bear interest at a rate per annum equal to:

Examples of Interest Rate Options in a sentence

• All prepayments required pursuant to this Section 5.7 shall first be applied among the Interest Rate Options to the principal amount of the Loans subject to the Base Rate Option, then to Loans subject to a LIBOR Rate Option.

• All prepayments required pursuant to this Section 5.5 shall first be applied among the Interest Rate Options to the principal amount of the Loans subject to the Base Rate Option, then to Loans subject to a Euro-Rate Option.

• Specific reference is made to the Interest Rate Options section of the Agreement for terms governing the designation of interest periods and rate portions.

• All prepayments required pursuant to this Section 5.6.1 [Currency Fluctuations; Application Among Interest Rate Options] shall first be applied among the Interest Rate Options to the principal amount of the Revolving Credit Loans subject to the Base Rate Option, then to Revolving Credit Loans subject to a Euro-Rate Option and then to Optional Currency Swing Loans subject to the Euro-Rate Option.

• The rate of interest for each Loan otherwise applicable pursuant to Section 4.1 [Interest Rate Options] shall be increased by 2.0% per annum.

More Definitions of Interest Rate Options

Interest Rate Options. As defined in Section 2.3(b).

Interest Rate Options and shall have the right to renew elections of Interest Rate Options and convert Borrowing Tranches or Term Loan Tranches to other Interest Rate Options. Notice of the Borrower's election shall be made in accordance with Section 2.5. Elections of, conversions to or renewals of the Base Rate Option shall continue in effect until converted to the LIBOR-Rate Option. Elections of, conversions to or renewals of the LIBOR-Rate Option shall expire as to each such LIBOR-Rate Option at the expiration of the applicable LIBOR-Rate Interest Period. Any Revolving Borrowing Tranche or Term Loan Tranche outstanding for which no elections have been made shall bear interest under the Base Rate Option.

Interest Rate Options. The principal amount of the loans shall bear interest at the Prime Rate or at the Adjusted LIBO Rate at the Company's option.

Interest Rate Options. The Borrower may elect that the Loans comprising each borrowing bear interest at a rate per annum equal to: the ABR; or the Eurodollar Rate plus the Applicable Margin. provided, that all Swing Line Loans shall -------- bear interest based upon the ABR or upon quotes for short-term borrowings provided by each Swing Line Lender in its sole discretion. As used herein:

Interest Rate Options means the selection by Borrower of LIBOR Rate Loan or a Prime Rate Loan as set forth in Section 2.3.4 and Section 2.3.5.

Interest Rate Options. Has the meaning set forth in SECTION 2.4(b).

Interest Rate Options. At the Borrower’s option, Loans may be maintained from time to time as (a) Base Rate Loans, which shall bear interest at the Base Rate (as defined in the Draft OpCo Credit Agreement) plus the Applicable Margin or (b) Eurodollar Loans, which shall bear interest at the Adjusted LIBO Rate (as defined in the Draft OpCo Credit Agreement) plus the Applicable Margin; provided, that all Swing Line Loans shall bear interest as Base Rate Loans.