LIBOR Balance definition

LIBOR Balance means any principal balance of this Note which, pursuant to an Interest Notice, bears interest at a rate based upon the Adjusted LIBOR Rate for the Interest Period specified in such Interest Notice.

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LIBOR Balance means any principal balance of this Note which, pursuant to an Interest Notice, bears interest at a rate based upon the LIBOR Base Rate for the LIBOR Interest Period specified in such Interest Notice.

LIBOR Balance means the principal balance of this Note, which, pursuant to an Interest Notice, bears interest at the Adjusted LIBOR Rate.

Examples of LIBOR Balance in a sentence

The unpaid principal of each LIBOR Balance shall bear interest at a rate per annum which shall from day to day be equal to the lesser of (i) the Adjusted LIBOR Rate for the Interest Period in effect with respect to such LIBOR Balance, or (ii) the Maximum Rate.
Contemporaneously with each prepayment of principal, Borrower shall give Bank written or oral notice indicating whether such prepayment is to be applied to the Prime Rate Balance or a particular LIBOR Balance.
Unless otherwise agreed to by Bank, at least two (2) Business Days prior to the termination of any Interest Period, Borrower shall give Bank an Interest Notice indicating the Interest Option to be applicable to the corresponding LIBOR Balance upon the expiration of such Interest Period.
The unpaid principal of each LIBOR Balance shall bear interest at a rate per annum which shall be equal to the lesser of (i) the Adjusted LIBOR Rate for the Interest Period in effect with respect to the LIBOR Balance, or (ii) the Maximum Rate.
During any period in which any portion of the principal hereof bears interest at a rate based upon the Prime Rate, Borrower shall have the right, on any London Business Day (the "Conversion Date"), to convert all or a portion of such principal amount from the Prime Rate Balance to a LIBOR Balance by giving Bank an Interest Notice of such selection at least two (2) London Business Days prior to such Conversion Date, or as otherwise agreed to by Bank.

More Definitions of LIBOR Balance

LIBOR Balance means any portion of the Revolving Loan that bears interest at a rate based upon the Libor Rate.

LIBOR Balance means a balance bearing interest at the LIBOR Option.

LIBOR Balance means any portion of the Facility Balance that bears interest at rates based upon the LIBOR Rate (subject to adjustment as provided herein) pursuant to the terms of this Agreement.

LIBOR Balance means each portion of the unpaid principal balance of this Note designated by Borrower to bear interest at a rate determined with respect to the LIBOR Rate.

LIBOR Balance means any principal balance of this Note which, pursuant to an Interest Notice, bears interest at a rate

LIBOR Balance. Base Rate Balance," "Interest Option," "Interest Period," "Business Day," and "Dollars," are defined in the New Notes; and reference is made to the New Notes for the options of Borrowers and rights of Lender with respect to interest.

LIBOR Balance means any principal balance of this Note which bears ------------- interest at a rate based upon the Adjusted LIBOR Rate.