LIBOR Pricing Option definition

LIBOR Pricing Option means the option granted to the Borrower pursuant to Section 2.4 hereof to have interest on all or a portion of the Loans computed on the basis of the Applicable LIBOR Rate for an applicable Interest Period.
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LIBOR Pricing Option means the option granted to the Borrowers pursuant to Section 2.6 hereof to have interest on all or a portion of the Loans computed on the basis of the Applicable LIBOR Rate for an applicable Interest Period.
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LIBOR Pricing Option the option granted to Borrower pursuant to Section 2.12 hereof to have interest on all or a portion (but, if a portion, in no event less than $100,000.00) of the principal amount of the Notes computed with reference to the Applicable LIBOR Rate for a LIBOR Interest Period.
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Examples of LIBOR Pricing Option in a sentence

  • Such notice must be not later than noon (Boston time) on the first Banking Day (third Banking Day if any portion of such loan will be subject to a LIBOR Pricing Option on the requested Closing Date) prior to the requested Closing Date for such loan.

  • The Lenders may fund any portion of the Loan subject to a LIBOR Pricing Option out of any funds available to the Lenders.

  • If such loan is to be subject to a LIBOR Pricing Option, the LIBOR Interest Period is months.

  • If at the time the Agent so notifies the Borrowers, the Borrowers have previously given the Agent a Pricing Notice with respect to a LIBOR Pricing Option, but the LIBOR Pricing Option requested therein has not yet gone into effect, such Pricing Notice shall automatically be deemed to be withdrawn and be of no force or effect.

  • For purposes of this Section 3.2.4, if any portion of the Loan which was to have been subject to a LIBOR Pricing Option is not outstanding on the first day of the LIBOR Interest Period applicable to such LIBOR Pricing Option other than for reasons described in Section 3.2.1, the Borrower shall be deemed to have terminated such LIBOR Pricing Option.

  • On any stated or accelerated maturity of the indebtedness evidenced by the Notes all accrued and unpaid interest on such indebtedness shall be forthwith due and payable, including without limitation any accrued and unpaid interest on such indebtedness which is subject to a LIBOR Pricing Option.

  • Each advance under the Demand Line from the Banks collectively shall be in a multiple of $100,000 (except that any such advance subject to a LIBOR Pricing Option shall be in an amount of $1,000,000 or any multiple of $100,000 in excess of such amount).

  • Until the Agent notifies the Borrowers that the circumstances giving rise to such notice no longer apply, the obligation of the Lenders and the Agent to allow election by the Borrowers of a LIBOR Pricing Option shall be suspended.

  • Each notice of election of a LIBOR Pricing Option shall be irrevocable.

  • Until the Agent notifies the Borrower that the circumstances giving rise to such notice no longer apply, the obligation of the Lenders and the Agent to allow election by the Borrower of a LIBOR Pricing Option shall be suspended.


More Definitions of LIBOR Pricing Option

LIBOR Pricing Option means the option granted pursuant to this Agreement to have all or a portion of the interest on the principal amount of the Revolving Note computed with reference to a Revolver LIBOR Rate.
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