LIBOR Term Loan definition

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

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.

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

Examples of LIBOR Term Loan in a sentence

• 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.

• 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).

• Term Loan shall bear interest from the Conversion Date to the date such Tax- Exempt LIBOR Term Loan is paid in full at a rate per annum equal to the Lender Rate as determined by the Lender pursuant to Section 2.05 hereof.

• 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.

More Definitions of LIBOR Term Loan

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

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 Term Loan. All or any portion of a Term Loan which bears interest at a LIBOR Interest Rate.

LIBOR Term Loan a Tranche A Term Loan or a Tranche B Term Loan that bears interest based on LIBOR. Loan: a Revolver Loan, Tranche A Term Loan or Tranche B Term Loan. Obligations: all (a) principal of and premium, if any, on the Loans, (b) LC Obligations and other obligations of Loan Parties with respect to Letters of Credit (including, to the extent applicable, the Existing Letters of Credit), (c) interest, expenses, fees and other sums payable by Loan Parties under Loan Documents, (d) obligations of Loan Parties under any indemnity for Claims, (e) Extraordinary Expenses, (f) Bank Product Debt, and (g) other Debts, obligations and liabilities of any kind owing by Loan Parties pursuant to the Loan Documents, whether now existing or hereafter arising, whether evidenced by a note or other writing, whether allowed in any Insolvency Proceeding, whether arising from an extension of credit, issuance of a letter of credit, acceptance, loan, guaranty, indemnification or otherwise, and whether direct or indirect, absolute or contingent, due or to become due, primary or secondary, or joint or several; provided, that Obligations of a Loan Party shall not include its Excluded Swap Obligations. Revolver Termination Date: January 12, 2017.

LIBOR Term Loan means a Term Loan accruing interest at the LIBO Rate.