LIBOR Interest Payment Date definition

LIBOR Interest Payment Date means, with respect to a LIBOR Rate Loan, the Termination Date and the last day of each Interest Period applicable to such Loan or, with respect to each Interest Period of greater than three months in duration, the last day of the third month of such Interest Period and the last day of such Interest Period.

LIBOR Interest Payment Date means, with respect to a LIBOR Revolving Loan, the last day of each Interest Period applicable to such Loan.

LIBOR Interest Payment Date shall have the meaning set forth in Section 2.04.

Examples of LIBOR Interest Payment Date in a sentence

• The Borrowers shall pay to the Agent, for the ratable benefit of Lenders, interest on all LIBOR Rate Loans in arrears on each LIBOR Interest Payment Date.

• On each Revolving Loan that is a LIBOR Loan, interest shall be due and payable on the LIBOR Interest Payment Date and shall accrue at a rate per annum equal to the Applicable Margin plus the applicable LIBOR on the outstanding principal balance of such LIBOR Loan.

• The Borrower shall pay to the Agent, for the ratable benefit of the Lenders, interest on all LIBOR Loans in arrears on each LIBOR Interest Payment Date.

• The Borrowers shall pay to the Agent, for the ratable benefit of Lenders, interest on all LIBOR Loans in arrears on each LIBOR Interest Payment Date.

• The Borrower shall pay to the Agent, for the ratable benefit of Lenders, interest on all LIBOR Rate Loans in arrears on each LIBOR Interest Payment Date.

More Definitions of LIBOR Interest Payment Date

LIBOR Interest Payment Date the last day of each Interest Period and, in the case of any Interest Period of six (6) months, the 90th day of such Interest Period.

LIBOR Interest Payment Date means, with respect to any LIBOR Rate Loan, the fifteenth day of each month and the last day of each Interest Period applicable thereto, commencing with the first of such dates to occur after the making of such Loan.

LIBOR Interest Payment Date means, with respect to a LIBOR Rate Loan, the first day of each month and the Termination Date.

LIBOR Interest Payment Date the first day of each calendar month during and immediately following the applicable Interest Period.

LIBOR Interest Payment Date in Annex A to the Credit Agreement is hereby amended by deleting the word "first" where it appears therein and substituting the word "last" therefor.

LIBOR Interest Payment Date. Material Adverse Effect," "Obligations," "Term A Loan Termination Date," and "Term B Loan Termination Date" appearing therein as follows:

LIBOR Interest Payment Date with respect to any LIBOR Revolving Credit Portion or any LIBOR Term Portion, the first day of each calendar month during the applicable LIBOR Period. LIBOR Period - any period of 1 month, 2 months, or 3 months commencing on a Business Day, selected as provided in Section 2.4 of the Agreement; provided, however, that no LIBOR Period shall extend beyond the last day of the Term unless Borrower and the Lender Group have agreed to an extension of the Term beyond the expiration of the LIBOR Period in question and that, with respect to any LIBOR Term Portion, no applicable LIBOR Period shall extend beyond the scheduled installment payment date for such LIBOR Term Portion. If any LIBOR Period so selected shall end on a date that is not a Business Day, such LIBOR Period shall instead end on the next preceding or succeeding Business Day as determined by Administrative Agent in accordance with the then current banking practice in London; provided that Borrower shall not be required to pay double interest, even though the preceding LIBOR Period ends and the new LIBOR Period begins on the same day. Each determination by Administrative Agent of the LIBOR Period shall, in the absence of manifest error, be conclusive. LIBOR Portion - a LIBOR Revolving Credit Portion or a LIBOR Term Portion, as applicable.