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

• Interest on LIBOR Loans and all other Obligations and the amount of any fees set forth in Subsection 1.4 shall be calculated on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

• Whenever Borrower desires to request a Loan pursuant to Subsection 1.1 or to convert or continue Base Rate or LIBOR Loans pursuant to Subsection 1.2(G), Borrower shall give Administrative Agent irrevocable prior written notice in the form attached hereto as Exhibit 1.3 (a “Notice of Borrowing/Conversion/Continuation”) not later than 11:00 a.m. (Denver time), three (3) Business Days before the proposed borrowing, conversion or continuation is to be effective.

• During any period in which any Default or Event of Default is continuing, as the Interest Periods for LIBOR Loans then in effect expire, such Loans shall be converted into a Base Rate Loan and the LIBOR option will not be available to Borrower until all Defaults and Events of Default are cured or waived.

• Notwithstanding the foregoing, there may be no more than an aggregate of five (5) LIBOR Loans outstanding under the Term Loan Facilities at any one time and no more than an aggregate of three (3) LIBOR Loans outstanding under the Revolving Loan Facility at any one time.

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.