LIBOR Loans definition

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

LIBOR Loans means Loans the interest rates on which are determined on the basis of rates referred to in the definition of "LIBOR Rate".

LIBOR Loans means Loans bearing interest at a rate based on LIBOR.

Examples of LIBOR Loans in a sentence

• Interest with respect to Base Rate Loans, LIBOR Loans, Term SOFR Loans, Letter of Credit fees and Unused Line Fees hereunder shall be calculated daily and shall be computed on the actual number of days elapsed over a year of 360 days and a 30-day month (unless computation would result in an interest rate in excess of the Maximum Rate, in which event the computation is made on the basis of a year of 365 or 366 days, as the case may be).

• For LIBOR Loans and/or Term SOFR Loans in connection with which Borrowers have or may incur Derivative Obligations, additional obligations may be associated with prepayment, in accordance with the terms and conditions of the applicable underlying agreements relating to such Derivative Obligations.

• In no event shall Borrowers be permitted to have outstanding at any one time LIBOR Loans and Term SOFR Loans with more than six different Interest Periods for all such LIBOR Loans and Term SOFR Loans.

• LIBOR Loans and Term SOFR Loans may be prepaid upon the terms and conditions set forth herein.

• The interest rate on LIBOR Loans is determined by reference to LIBOR, which is derived from the London Interbank Offered Rate, and the London Interbank Offered Rate is currently administered by ICE Benchmark Administration Limited (“IBA”).

More Definitions of LIBOR Loans

LIBOR Loans. Loans the rate of interest applicable to which is based upon LIBOR.

LIBOR Loans means Revolving Loans bearing interest at rates determined by reference to LIBOR.

LIBOR Loans. Revolving Credit Loans with respect to which the rate of interest is based upon the Adjusted LIBO Rate.

LIBOR Loans loans bearing interest calculated by reference to a LIBOR.

LIBOR Loans means that portion, and collectively those portions, of the aggregate outstanding principal balance of the Loans that bear interest at the LIBOR Rate.

LIBOR Loans means the Loans hereunder at such time as they are made and/or being maintained at a rate of interest based upon the applicable LIBOR Rate.

LIBOR Loans means that portion, and collectively those portions, of the aggregate outstanding principal balance of the Loans that bear interest at the LIBOR Rate, of which at any time, the Borrower may identify no more than ten (10) advances of the Revolving Loans which bear interest at the LIBOR Rate.