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

Examples of LIBOR Loans in a sentence

• Subject to the terms and conditions of this Agreement, during the applicable Revolving Availability Period, Borrower may borrow, repay and re-borrow the amount of the Revolving Commitments by means of ABR Loans and LIBOR Loans.

• If LIBOR Loans are prepaid or converted other than on the last day of an Interest Period therefor, Borrower shall at such time pay all expenses and costs required by Section 5.05.

• Anything in this Agreement to the contrary notwithstanding, the aggregate principal amount of LIBOR Loans having the same Interest Period shall be in an amount at least equal to $1.0 million and in multiples of $100,000 in excess thereof and, if any LIBOR Loans or portions thereof would otherwise be in a lesser principal amount for any period, such Loans or portions, as the case may be, shall be ABR Loans during such period.

• No more than twenty (20) separate Interest Periods in respect of LIBOR Loans may be outstanding at any one time in the aggregate under all of the facilities.

• NOTICE PERIODS Notice Number of Business Days Prior Termination or reduction of Commitments 3 Optional prepayment of, or conversions into, ABR Loans 1 Borrowing or optional prepayment of, conversions into, continuations as, or duration of Interest Periods for, 3 LIBOR Loans Borrowing of ABR Loans same day Each such notice of termination or reduction shall specify the amount and the Class of the Commitments to be terminated or reduced.

More Definitions of LIBOR Loans

LIBOR Loans means at any time that portion of the Loans bearing interest at rates determined by reference to LIBOR.

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

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 any Loans which accrue interest by reference to the LIBOR, in accordance with the terms of this Agreement.

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