LIBOR Increment definition

LIBOR Increment means the portion of the outstanding principal balance hereof specified by Maker to Payee in accordance herewith to accrue interest at the LIBOR Adjusted Rate effective as of the applicable LIBOR Period Commencement Date; provided, however, in no event shall any such LIBOR Increment be less than Five Hundred Thousand and No/100 Dollars ($500,000.00).
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LIBOR Increment is defined in Section 4.6.
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LIBOR Increment. The percentage calculated in accordance with Section 2.4(b) of this Agreement which is utilized in determining LIBOR.
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Examples of LIBOR Increment in a sentence

  • The LIBOR Increment, which is the percentage utilized in determining LIBOR, shall be determined in accordance with the Credit Pricing Agreement.

  • Except as set forth in Section 4.3.1, the “LIBOR RATE” for any LIBOR Rate Loan is the LIBOR Underlying Rate (which will fluctuate as described in Section 4.8) plus the applicable LIBOR Increment as provided in Section 4.6.

  • The applicable LIBOR Increment with respect to (a) Swingline Loans, (b) unreimbursed amounts of each draw on a Letter of Credit, (c) Extended Pay Outstandings and (d) each Revolving Loan Advance, shall be three percentage points (3%) per annum.

  • The LIBOR Increment set forth in Section 4.8 of the Original Credit Agreement is hereby changed from 1.75% per annum to 3.00% per annum.

  • The "Adjusted LIBOR Rate" for any LIBOR Loan is the LIBOR Rate plus the applicable LIBOR Increment determined from time to time as provided in Section 4.8. The LIBOR Rate for each LIBOR Loan shall be determined by Administrative Agent.


More Definitions of LIBOR Increment

LIBOR Increment. One hundred and twenty (120) basis points.
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LIBOR Increment contained in Subsection 1.1 of the Credit Agreement is hereby deleted in its entirety and replaced with the following:
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LIBOR Increment with respect to (a) the Revolving Credit Loan, 250 basis points and (b) the Term Loan, 275 basis points.
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LIBOR Increment means with respect to (a) the Revolving Credit Loan, 250 basis points, and (b) the Term Loan, 285 basis points.
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LIBOR Increment with respect to (a) the Revolving Credit Loan, 200 basis points, and (b) the Term Loan, 235 basis points; provided, however, that in the event the Borrowers shall provide the Agent with evidence satisfactory in the Agent's sole discretion that both LaSalle and the Progressive Steelworker's of Hammond, Inc. have executed a collective bargaining agreement covering LaSalle's employees employed at LaSalle's Hammond, Indiana facility, the LIBOR Increment with respect to (1) the Revolving Credit Loan shall mean 175 basis points, and (2) the Term Loan shall mean 210 basis points, as of the date of the acceptance of such evidence by the Agent.
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LIBOR Increment shall be deleted in its entirety and replaced with the following:
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LIBOR Increment shall have a meaning which varies based on (a) the senior unsecured bond rating of Borrower
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