LIBOR Rate Borrowing definition

LIBOR Rate Borrowing means a Borrowing bearing interest at the sum of the LIBOR Rate plus the Applicable Margin for LIBOR Rate Borrowings.

LIBOR Rate Borrowing means a Borrowing bearing interest at the sum of the LIBOR Rate plus the Applicable Margin.

LIBOR Rate Borrowing means a Borrowing consisting of a LIBOR Loan.

Examples of LIBOR Rate Borrowing in a sentence

• Accrued interest on each LIBOR Rate Borrowing shall be due and payable on the last day of its Interest Period.

• If any Interest Period for a LIBOR Rate Borrowing is greater than three months, then accrued interest shall also be due and payable on the date three months after the commencement of the Interest Period.

• If, however, the payment concerns a LIBOR Rate Borrowing and if the next succeeding Business Day is in the next calendar month, then that payment must be made on the next preceding Business Day.

• Any such conversion or election may be made by telephonic request to the Administrative Agent no later than 10:00 a.m. on the third Business Day before the conversion date or the last day of the Interest Period, as the case may be (for conversion to a LIBOR Rate Borrowing or election of a new Interest Period), and no later than 11:00 a.m. on the last day of the Interest Period (for conversion to a Base Rate Borrowing).

• Absent the Borrower's telephonic request for conversion or election of a new Interest Period or if an Event of Default or Potential Default has occurred and is continuing, then, a LIBOR Rate Borrowing shall be deemed converted to a Base Rate Borrowing effective when the applicable Interest Period expires.

More Definitions of LIBOR Rate Borrowing

LIBOR Rate Borrowing means each portion of the principal balance of the Loans at any time bearing interest at the LIBOR Rate.

LIBOR Rate Borrowing means any Loan or portion of a Loan that accrues interest at a LIBOR Borrowing Rate, as selected by Borrower. The minimum amount of each LIBOR Rate Borrowing shall be $500,000.

LIBOR Rate Borrowing means a Borrowing consisting of Advances bearing interest at the sum of the LIBOR Rate plus the Applicable Margin.

LIBOR Rate Borrowing means a Domestic Borrowing advanced to Borrower through Administrative Agent in accordance with Section 2.3, which Borrowing bears interest at the sum of the LIBOR Rate plus the Applicable Margin.

LIBOR Rate Borrowing means any borrowing with respect to which Borrower has properly given a 30-Day LIBOR Rate Notice, a 60-Day LIBOR Rate Notice or a 90-Day LIBOR Rate Notice.

LIBOR Rate Borrowing means (i) each Revolver Loan Advance (whether bearing interest at the Daily LIBOR Rate Notice, 30-Day LIBOR Rate, 60-Day LIBOR Rate or a 90-Day LIBOR Rate and (ii) the Term Loan bearing interest at the 30-Day LIBOR Rate.

LIBOR Rate Borrowing means a Borrowing comprised of LIBOR Rate Loans.