Examples of LIBO Margin in a sentence
An interest rate per annum equal to the LIBO Margin plus the rate per annum obtained by dividing (a) the rate of interest per annum at which deposits in United States dollars are offered in the London Interbank Market two (2) Business Days prior to the commencement of a LIBO Interest Period, by (b) an amount equal to 1 minus the LIBO Reserve Percentage for such LIBO Interest Period.
The number of basis points which shall, at any point in time, constitute the LIBO Margin determined in accordance with the following table: LIBO Margin Leverage Ratio (measured as of each quarter end) 75 basis points <0.35:1.00 - 85 basis points >0.35:1.00 and <0.50:1.00 - 95 basis points >0.50:1.00 and <0.75:1.00 - The Leverage Ratio shall be measured as of the end of each calendar quarter based upon financial information provided by Borrower in accordance with the provisions of the Loan Agreement.
The Loans constituting each LIBO Borrowing shall bear interest at a rate per annum equal to the Adjusted LIBO Rate for the Interest Period for such Borrowing plus the LIBO Margin.
The Borrower may elect that the Revolving Loans comprising each borrowing bear interest at a rate per annum equal to: the ABR plus the Applicable ABR Margin; or the Adjusted LIBO Rate plus the Applicable LIBO Margin.
Accordingly, all references in the Loan Agreement to LIBO Rate Loans, Adjusted LIBO Rate, Applicable LIBO Margin and LIBO Base Rate are hereby deleted.