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.

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

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

• Whenever Borrower desires to use the Prime Borrowing Rate option, Borrower shall give Lender notice orally or in writing in accordance with Section 15 of this note, which notice shall specify the requested effective date (which must be a Business Day) and principal amount of the Advance or increase in the Prime Rate Amount, and whether Borrower is requesting a new Advance under a line of credit or conversion of a LIBOR Amount to the Prime Borrowing Rate.

• Any oral notice shall be given by, and any written notice or confirmation of an oral notice shall be signed by, the person(s) authorized in Section 15 of this note, and shall specify the requested effective date of the rate, LIBOR Interest Period and LIBOR Amount, and whether Borrower is requesting a new Advance at the LIBOR Borrowing Rate under a line of credit, conversion of all or any portion of the Prime Rate Amount to a LIBOR Amount, or a new LIBOR Interest Period for an outstanding LIBOR Amount.

• Except as otherwise specifically set forth herein, Borrower may not prepay all or any part of any LIBOR Amount or terminate any LIBOR Borrowing Rate, except on the last day of the applicable LIBOR Interest Period.

• Borrower may request an Advance, conversion of any portion of the Prime Rate Amount to a LIBOR Amount or a new LIBOR Interest Period for an existing LIBOR Amount, at such rate only by giving Lender notice in accordance with Section 4 (c) (iii) before 10:00 a.m. (Portland, Oregon time) on such day.

• Borrower may request an Advance, conversion of any portion of the Prime Rate Amount to a LIBOR Amount or a new LIBOR Interest Period for an existing LIBOR Amount, at such rate only by giving Lender notice in accordance with Section 4(c)(iii) before 10:00 a.m. (Portland, Oregon time) on such day.

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

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

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 a Dollar amount equal to the LIBOR Rate Loans.

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 all or any portion of the outstanding principal balance of a 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.