Examples of LIBOR Based Rate Advances in a sentence
All interest relating to the LIBOR Based Rate Advances chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
Advances (except Letters of Credit) may be prepaid at any time and from time to time in whole or in part without premium or penalty, subject to reimbursement of the Lenders' re-deployment costs in the case of prepayments of LIBOR Based Rate Advances in accordance with Section 2.9 below.
Borrower may, upon at least two (2) Banking Days' notice in the case of LIBOR Based Rate Advances and one (1) Banking Day's notice in the case of Variable Rate Advances to the Agent stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given Borrower shall, prepay the outstanding principal balance of the Loan in whole or in part at any time prior to the applicable Maturity Date as stated in such notice by Borrower.
Borrower may, upon at least two (2) Business Days' notice in the case of LIBOR Based Rate Advances and one (1) Business Day's notice in the case of Variable Rate Advances to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given Borrower shall, prepay the outstanding principal balance of the Loan in whole or in part at any time prior to the applicable Maturity Date as stated in such notice by Borrower.
Such request shall specify the amount of the Prime Based Rate Advances which will constitute LIBOR Based Rate Advances (subject to the limits set forth below and as otherwise set forth herein) and the Interest Period to be applicable to such LIBOR Based Rate Advances.
Interest on all Advances shall accrue at the applicable interest rate from the date of the making of such Advances and shall be payable by the Borrower to the Servicing Agent on the 5th of each month, except for the interest on the LIBOR Based Rate Advances which shall be payable at the end of the applicable Interest Period.
Borrower may, upon at least two (2) Banking Days' notice in the case of LIBOR Based Rate Advances and one (1) Banking Day's notice in the case of Variable Rate Advances to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given Borrower shall, prepay the outstanding principal balance of the Loan in whole or in part at any time prior to the applicable Maturity Date as stated in such notice by Borrower.
Borrower may, upon at least three (3) Business Days' notice in the case of LIBOR Based Rate Advances and one (1) Business Day's notice in the case of Variable Rate Advances to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given Borrower shall, prepay the outstanding principal balance of the Loan in whole or in part at any time prior to the applicable Maturity Date as stated in such notice by Borrower.