LIBOR Amount definition

LIBOR Amount means each principal amount for which Borrower chooses to have the LIBOR Borrowing Rate apply for any specified LIBOR Interest Period.

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LIBOR Amount means each portion of the Principal Amount bearing interest at a LIBOR-based Rate pursuant to a Rate Request Notice.

LIBOR Amount means each principal amount for which the LIBOR Borrowing Rate applies for any specified LIBOR Interest Period.

Examples of LIBOR Amount in a sentence

• In addition, following the occurrence of an Event of Default, Borrower shall have no right to submit a LIBO Rate Request with respect to any LIBOR Amount for which the current Interest Period is expiring.

• In the event that Borrower fails to submit a LIBO Rate Request with respect to a LIBOR Amount not later than 12 Noon (New York time) three (3) Business Days prior to the last day of the relevant Interest Period, the LIBOR Amount in question shall bear interest, commencing at the end of such Interest Period, at the Prime Based Rate.

• Administrative Agent shall, on the day of its receipt of the LIBO Rate Request from Borrower, notify each Lender by either telephone or by facsimile of the specified LIBOR Amount and the amount of the Lender's portion thereof, the Interest Period and date of commencement thereof, and the interest rate applicable to such LIBOR Amount.

• If, at any time that a LIBOR Election is in effect, the principal balance of the applicable LIBOR Rate Loan is, for any reason whatsoever and whether or not within the control of Borrower, reduced below the LIBOR Amount applicable to that LIBOR Rate Loan, then Borrower shall pay to Lenders, in addition to any other Obligations, all costs and expenses incurred by Lenders arising out of that prepayment and a “LIBOR Prepayment Fee” which shall be equal to the “Interest Differential”.

• In the event that Borrower fails to submit a LIBO Rate Request with respect to a LIBOR Amount not later than 12 Noon (New York time) three (3) Business Days prior to the last day of the relevant Interest Period, the LIBOR Amount in question shall bear interest, commencing at the end of such Interest Period, at the Prime Based Rate for a one (1) month Interest Period.

More Definitions of LIBOR Amount

LIBOR Amount means a Dollar amount of each LIBOR Rate Loan as designated by Borrower from time to time in a then effective LIBOR Election; provided, however, that if, at any time that a LIBOR Election is in effect, the principal balance of any LIBOR Rate Loan is, for any reason, reduced below the then effective LIBOR Amount, thereby triggering a “LIBOR Prepayment Fee” as provided in of Section 3.2.4, then, immediately after the triggering of such LIBOR Prepayment Fee, the LIBOR Amount shall be reduced to the principal balance of the LIBOR Rate Loans used as the basis for determining the LIBOR Prepayment Fee.

LIBOR Amount. Each portion of the Principal Amount bearing interest at an applicable LIBOR Based Rate pursuant to a LIBOR Request.

LIBOR Amount means, in respect of each LIBOR Determination Period, the product of LIBOR as of the Determination Date for that Period and the number of weeks in that Period.

LIBOR Amount means a Dollar amount equal to the LIBOR Rate Loans.

LIBOR Amount. All or any portion (as the context requires) of any Lender’s Loan which shall accrue interest at the LIBOR Based Rate.

LIBOR Amount means each principal amount for which the LIBOR Borrowing Rate applies for any specified LIBOR Interest Period. "LIBOR Interest Period" means as to any LIBOR Amount, a period of one month, two months, or three months) commencing on the date the

LIBOR Amount means all or any portion of the outstanding principal balance of the Promissory Note with respect to which Borrower has fixed the rate of interest charged thereon at a rate of interest based on the LIBOR, for a LIBOR Period, in accordance with the terms of this Agreement; provided that no LIBOR Amount may be less than $500,000.00.