LIBOR Rate Increment definition
LIBOR Rate Increment. - The LIBOR Rate Increment is as follows: 1.5 when the Borrower is in Level Three Compliance;
LIBOR Rate Increment as determined as at any date, means the sum of (1) the Genzyme LIBOR Margin in effect at that date PLUS (2) 0.05% (0.0005)."
LIBOR Rate Increment means an Increment under the Loan that bears interest at a rate based on the LIBOR Rate. “LIBOR Rate Principal” means any portion of the Principal Debt which bears interest at an applicable LIBOR Rate at the time in question.
Examples of LIBOR Rate Increment in a sentence
This letter agreement contemplates that --------------- the Applicable LIBOR Rate Increment will be adjusted upon each change in Compliance Level (hereinafter defined).
More Definitions of LIBOR Rate Increment
LIBOR Rate Increment. Subject to Section 2.14 below, as to Revolving Loans 2.5; and (subject to Section 2.14 below) as to all or any portion of the Term Loan which becomes a LIBOR Loan 3.0.
LIBOR Rate Increment. Two and one-quarter percent (2.25%) per annum.