LIBOR Loan definition

LIBOR Loan means a Loan which bears interest at a LIBOR Rate.

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LIBOR Loan means a Loan or any portion thereof bearing interest by reference to the LIBOR Rate.

LIBOR Loan means, at any time, any Loan that bears interest at such time at the Adjusted LIBOR Rate.

Examples of LIBOR Loan in a sentence

• So long as no Default or Event of Default exists, the Borrower may on any Business Day, with respect to any LIBOR Loan, elect to maintain such LIBOR Loan or any portion thereof as a LIBOR Loan by selecting a new Interest Period for such LIBOR Loan.

• During any Default or Event of Default, Agent may (and shall at the direction of Required Lenders) declare that no Loan may be made, converted or continued as a LIBOR Loan.

• Subject to the restrictions specified above, each Notice of Conversion shall be by telecopy, electronic mail or other similar form of communication in the form of a Notice of Conversion specifying (a) the requested date of such Conversion, (b) the Type of Loan to be Converted, (c) the portion of such Type of Loan to be Converted, (d) the Type of Loan such Loan is to be Converted into and (e) if such Conversion is into a LIBOR Loan, the requested duration of the Interest Period of such Loan.

• Subject to the restrictions specified above, each Notice of Conversion shall be by telephone (confirmed immediately in writing) or telecopy in the form of a Notice of Conversion specifying (a) the requested date of such Conversion, (b) the Type of Loan to be Converted, (c) the portion of such Type of Loan to be Converted, (d) the Type of Loan such Loan is to be Converted into and (e) if such Conversion is into a LIBOR Loan, the requested duration of the Interest Period of such Loan.

• Any Conversion of a LIBOR Loan into a Base Rate Loan shall be made on, and only on, the last day of an Interest Period for such LIBOR Loan and, upon Conversion of a Base Rate Loan into a LIBOR Loan, the Borrower shall pay accrued interest to the date of Conversion on the principal amount so Converted.

More Definitions of LIBOR Loan

LIBOR Loan means the Loan at such time as interest thereon accrues at a rate of interest based upon LIBOR.

LIBOR Loan means any Loan bearing interest at a rate determined by reference to the LIBOR Rate.

LIBOR Loan means any LIBOR Term Loan or LIBOR Revolving Credit Loan.

LIBOR Loan means a Revolving Loan bearing interest at a rate based on LIBOR.

LIBOR Loan means any loan during any period which bears interest at the LIBOR Rate, or which would bear interest at such rate if the Maximum Rate ceiling was not in effect at a particular time.

LIBOR Loan each set of LIBOR Revolver Loans having a common length and commencement of Interest Period.

LIBOR Loan means any Loan which bears interest at a rate determined by reference to the LIBOR Rate. LIBOR Margin - see the definition of Applicable Margin.