LIBOR Rate Loan definition

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.
LIBOR Rate Loan means each portion of a Revolving Loan 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 Borrower 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 Base Rate used in determining the LIBOR Rate for such Loan by a matching deposit or other borrowing in the LIBOR market for a comparable amount and for a comparable period, whether or not such LIBOR Rate Loan was in fact so funded.

If the Borrower fails to specify a Type of a Loan in a Loan Notice or if the Borrower fails to give a timely notice requesting a conversion or continuation, then the applicable Loan shall be made as, converted to, or continued as, a LIBOR Rate Loan with an Interest Period of one month.

Following receipt of a Loan Notice, the Administrative Agent shall promptly notify each Lender of the amount of its Applicable Percentage of the applicable Loans, and if no timely notice of a conversion or continuation is provided by the Borrower, the Administrative Agent shall notify each Lender of the details of any automatic conversion to a LIBOR Rate Loan with an Interest Period of one month as described in the preceding subsection.

Any such automatic conversion to a LIBOR Rate Loan with an Interest Period of one month shall be effective as of the last day of the Interest Period then in effect with respect to the applicable LIBOR Rate Loan.

Any prepayment of a LIBOR Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05.


More Definitions of LIBOR Rate Loan

LIBOR Rate Loan means Loans the rate of interest applicable to which is based on the LIBOR Rate.
LIBOR Rate Loan means a Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate.
LIBOR Rate Loan means a Loan that bears interest based on LIBOR.
LIBOR Rate Loan means a Committed Loan that bears interest at a rate based on the Adjusted LIBOR Rate.
LIBOR Rate Loan means a Loan which bears interest at a LIBOR Rate.
LIBOR Rate Loan means any Advance that bears interest based on the LIBOR Rate.
LIBOR Rate Loan means a Loan that bears interest based on the LIBOR Rate.