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

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 any Loan bearing interest at a rate based upon the LIBOR Rate as provided in Section 4.1(a).

Examples of LIBOR Rate Loan in a sentence

A request of the Borrower Parties for a conversion of a Base Rate Loan to a LIBOR Rate Loan is subject to the condition that no Event of Default or Default exists at the time of such request or after giving effect to such conversion.
Administrative Agent does not warrant, nor accept responsibility for, nor shall Administrative Agent have any liability with respect to the administration, submission or any other matter related to the rates in the definition of LIBOR Rate Loan or with respect to any comparable or successor rate thereto.
Each Borrowing, each conversion of Loans from one Type of Loan to another Type of Loan, and each continuation of a LIBOR Rate Loan shall be made upon the applicable Borrower Party’s irrevocable notice to Administrative Agent (a “Request for Borrowing”), which may be given by telephone.

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

LIBOR Rate Loan means a Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate.

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

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

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

LIBOR Rate Loan means the Loan at such time as interest thereon accrues at the LIBOR Rate.