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.

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LIBOR Interest Payment Date means, with respect to any LIBOR Loan, the last day of the Interest Period for such LIBOR Loan and, with respect to Interest Periods of greater than three months duration, the first day of the third month after the start of such Interest Period (counting the month in which such Interest Period starts as the first month).

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

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.

• 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.

• Interest accrued on each LIBOR Portion shall be due and payable on each LIBOR Interest Payment Date and on the earlier of (1) the occurrence of an Event of Default in consequence of which Agent or Majority Lenders elect to accelerate the maturity and payment of the Obligations or (2) termination of this Agreement pursuant to Section 4 hereof.

• 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 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 has the meaning specified in Section 2.11(c);

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 a LIBOR Loan, (a) the Termination Date, (b) the first day of each calendar month during which such LIBOR Loan is outstanding and (c) the last day of each Interest Period applicable to such LIBOR Loan.

LIBOR Interest Payment Date means, with respect to a LIBOR Loan, the Termination Date and the last day of each Interest Period applicable to such Loan and, with respect to each Interest Period of more than three months, each three month anniversary of the commencement of such Interest Period for such LIBOR Loan.

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

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 means (a) as to any LIBOR Portion having an Interest Period of three months or less, the last day of such Interest Period, (b) as to any LIBOR Portion having an Interest Period longer than three months, each day which is at the end of each three month-period within such Interest Period after the first day of such Interest Period and the last day of such Interest Period and (c) for each of (a) and (b) above, the day on which any such LIBOR Portion becomes due and payable in full or is paid or prepaid in full.