LIBOR Term Loan definition

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

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LIBOR Term Loan means a Term Loan which is a LIBOR Loan.

LIBOR Term Loan a Term Loan that bears interest based on LIBOR. License: any license or agreement under which an Obligor is authorized to use Intellectual Property in connection with any manufacture, marketing, distribution or disposition of Collateral, any use of Property or any other conduct of its business.

Examples of LIBOR Term Loan in a sentence

• Any such Notice of Borrowing shall be irrevocable (subject to the last sentence of this Section 4.1.1(d)) and shall specify (A) the amount of the Term Loans to be borrowed (subject to the limits set forth herein), (B) the requested funding date (which must be a Business Day), (C) whether the Borrowing is to be made as a Base Rate Term Loan or a LIBOR Term Loan, and (D) in the case of LIBOR Term Loans, the duration of the applicable Interest Period (which shall be deemed to be 30 days if not specified).

• From and after the Sixth Amendment Effective Date, the parties hereto agree that any request for a new Eurodollar Term Loan denominated in Dollars, or to continue an existing LIBOR Term Loan denominated in Dollars, shall be deemed to be a request for a new Term Loan bearing interest at Term SOFR.

• Notwithstanding anything to the contrary contained in this Agreement, unless so directed by the Borrower, or unless an Event of Default is outstanding, neither the Agent nor any Lender shall apply any payments which it receives to any LIBOR Revolving Loan or LIBOR Term Loan, except (a) on the expiration date of the Interest Period applicable to any such LIBOR Rate Loan, or (b) in the event, and only to the extent, that there are no outstanding Base Rate Revolving Loans or Base Rate Term Loans.

• The Company shall also compensate each Term Lender for the loss, cost and expense attributable to any failure by the Company to deliver a timely Interest Election Request with respect to a LIBOR Term Loan.

• No Interest Period for a LIBOR Term Loan may be established that would require repayment before the end of an Interest Period in order to make any scheduled principal payment on Term Loans.

More Definitions of LIBOR Term Loan

LIBOR Term Loan means any portion of a Term Loan during any period in which it bears interest based on the LIBOR Rate.

LIBOR Term Loan any portion of the Term Loan for the periods when the rate of interest applicable to such portion of the Term Loan is calculated by reference to LIBOR. No LIBOR Term Loans shall be made after the Third Amendment Effective Date and no LIBOR Revolving Credit Loans shall exist on or after the SOFR Conversion Date.

LIBOR Term Loan means any portion of the Term Loans during any period for which such portion is a LIBOR Loan.

LIBOR Term Loan means a LIBOR Loan outstanding under the Term Loan Facility.

LIBOR Term Loan shall have corresponding meanings.

LIBOR Term Loan has the meaning given in Section 2.1.2.2(a) of the Credit Agreement.

LIBOR Term Loan a Term Loan that bears interest based on LIBOR. LIBOR Screen Rate: the LIBOR quote on the applicable screen page Agent designates to determine LIBOR (or such other commercially available source providing such quotations as may be designated by Agent from time to time).