LIBO Rate Term Loans definition

LIBO Rate Term Loans means Term Loans bearing interest based on the LIBO Rate.
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Examples of LIBO Rate Term Loans in a sentence

  • More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than eight (8) Borrowings of LIBO Rate Term Loans in the aggregate for all Tranches of Term Loans.

  • More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than ten (10) Borrowings of LIBO Rate Term Loans in the aggregate for all Tranches of Term Loans.

  • Any prepayment of LIBO Rate Term Loans shall be in a principal amount of $50,000,000 (or, if less, the entire then remaining principal amount thereof) or a whole multiple of $1,000,000 in excess thereof or, if less, the entire principal amount thereof then outstanding.

  • The employee shall wear appropriate safety clothing when required and use appropriate safety equipment as required by the employer and in accordance with the client’s workplace standard.

  • The Administrative Agent shall promptly notify the Authority of the interest rate applicable to the Rate Period for any LIBO Rate Term Loans upon determination of such interest rate; provided, however, that the failure by the Administrative Agent to provide notice of the applicable interest rate shall not relieve the Authority of its obligation to pay interest accrued on any Term Loan under this Agreement.

  • All computations of interest payable by the Authority on LIBO Rate Term Loans and LIBO Rate Term Loans bearing interest at the Default Rate shall be computed on the basis of a year of three hundred sixty (360) days and the actual days elapsed and all computations of interest payable by the Authority on Base Rate Term Loans and Base Rate Term Loans bearing interest at the Default Rate shall be computed on the basis of a year of three hundred sixty-five (365) days and the actual days elapsed.

  • Upon receipt of such notice, the Company shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay the Term Loans of such Lender, either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such LIBO Rate Term Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such LIBO Rate Term Loans.

  • The Company employs, or contracts with consultants for, all personnel necessary for the operation of its business.

  • All interest (including interest on LIBO Rate Term Loans) and fees shall be computed on the basis of the actual number of days (including the first day but excluding the last day) occurring during the period for which such interest or fee is payable over a year comprised of 360 days (or, in the case of interest on a Base Rate Loan (calculated at other than the Federal Funds Rate), 365 days or, if appropriate, 366 days).

  • In addition, the Borrower hereby consents and agrees that, for purposes of any determination to be made for purposes of Section 4.1, 4.2, 4.3 or 4.4, it shall be conclusively assumed that each Lender elected to fund all LIBO Rate Term Loans by purchasing Dollar deposits in its LIBOR Office's interbank eurodollar market.

Related to LIBO Rate Term Loans

  • Base Rate Term Loan means a Term Loan that is a Base Rate Loan.

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

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

  • LIBOR Term Loan means any Term Loan bearing interest at a rate determined by reference to the LIBOR Rate.

  • Original Term Loans means the "Term Loans" under, and as defined in, the Original Credit Agreement.

  • New Term Loans as defined in Section 2.24.

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • Incremental Term Loan Borrowing Date means, with respect to each Incremental Term Loan, each date on which Incremental Term Loans are incurred pursuant to Section 2.01(b), which date shall be the date of the effectiveness of the respective Incremental Term Loan Commitment Agreement pursuant to which such Incremental Term Loans are to be made.

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • Incremental Term Loans has the meaning specified in Section 2.14(a).

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

  • Base Rate Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.

  • Replaced Term Loans has the meaning assigned to such term in Section 9.02(c).

  • Initial Term Loans means the term loans made by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01(a).

  • Additional Term Loans means any term loan added pursuant to Section 2.22, 2.23 or 9.02(c)(i).

  • Other Term Loans means one or more Classes of Term Loans that result from a Refinancing Amendment.

  • Replacement Term Loans has the meaning specified in Section 10.01.

  • Refinanced Term Loans shall have the meaning provided in Section 13.1.

  • Incremental Term A Loans has the meaning specified in Section 2.14(a).

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

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

  • LIBO Rate Advances means a Competitive Bid Advance denominated in Dollars or in any Foreign Currency and bearing interest based on the LIBO Rate.

  • Incremental Term Borrowing means a Borrowing comprised of Incremental Term Loans.

  • Tranche A Term Loans means Loans made by the Tranche A Term Lenders pursuant to Section 2.01(a).

  • Alternative Currency Term Rate means, for any Interest Period, with respect to any Credit Extension:

  • LIBOR Rate Option means the option of the Borrower to have Loans bear interest at the rate and under the terms set forth in Section 4.1.1(a)(ii) [Revolving Credit LIBOR Rate Option].