LIBOR Rate Loan definition

LIBOR Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the LIBOR Rate.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

LIBOR Rate Loan means any Loan bearing interest at a rate based upon the LIBOR Rate as provided in Section 5.1(a).

LIBOR Rate Loan means each portion of an Advance that bears interest at a rate determined by reference to the LIBOR Rate.

Examples of LIBOR Rate Loan in a sentence

For purposes of calculating amounts payable by the Borrowers to the Lenders under this Section 3.05, each Lender shall be deemed to have funded each LIBOR Rate Loan made by it at the LIBOR Rate for such Term Loan by a matching deposit or other borrowing in the London interbank market for a comparable amount and for a comparable period, whether or not such LIBOR Rate Loan was in fact so funded.
For purposes of calculating amounts payable by the Borrowers to the Lenders under this Section 3.05, each Lender shall be deemed to have funded each LIBOR Rate Loan made by it at the LIBOR Rate for such Loan by a matching deposit or other borrowing in the London interbank market for a comparable amount and for a comparable period, whether or not such LIBOR Rate Loan was in fact so funded.

LIBOR Rate Loan means Loans the rate of interest applicable to which is based on the LIBOR Rate.

LIBOR Rate Loan means any Advance that bears interest based on the LIBOR Rate.

LIBOR Rate Loan means a Loan which bears interest at the LIBOR Rate.

LIBOR Rate Loan means any Loan that bears interest with reference to the Libor Rate.

LIBOR Rate Loan means a Loan that bears interest based on the LIBOR Rate.

LIBOR Rate Loan means any Loan bearing interest at a rate based upon the LIBOR Rate.

LIBOR Rate Loan means a Loan made hereunder and specified to be a LIBOR Rate Loan in accordance with Article 2.