Examples of LMIR Loans in a sentence
Changes in the rate of Interest on Alternate Base Rate Loans and LMIR Loans, respectively, will take effect simultaneously with each change in the Alternate Base Rate or LMIR, respectively.
All amounts required to prepay Loans pursuant to Section 4.4(b)(ii) or (iii) above shall be applied to the Revolving Loans (first to Base Rate Loans, second to LMIR Loans and then to Eurodollar Loans in direct order of maturities).
Amounts prepaid under this Section 4.4(a) shall be applied as the Borrowers may elect; provided, that if the Borrowers shall fail to specify a voluntary prepayment as to the Revolving Loans then such prepayment shall be applied first to Base Rate Loans, second to LMIR Loans and then to Eurodollar Loans in direct order of Interest Period maturities.
Payments made under (A) and (B) shall be applied first pro rata to Base Rate Loans, second to LMIR Loans and then to Eurodollar Loans in direct order of Interest Period maturities.
Except as set forth in Section 2.3.2, all Loans shall constitute LMIR Loans and shall bear interest at the Applicable Margin in effect from time to time for such LMIR Loans plus the LIBOR Market Index Rate in effect from time to time.
All LMIR Loans shall accrue interest at the LMIR, plus the Applicable Percentage.
The National Indigenous Economic Development Board’s 2016 report Reconcilia- tion: Growing Canada’s Economy by $27.7 Billion demonstrated the vast potential economic benefit of reconciliation both in terms of what is being lost to Canada and the value of what can be gained by all Canadians.
Until such notice has been withdrawn by the Administrative Agent, no further Eurodollar Loans shall be made or continued as such, nor shall the Borrowers have the right to convert Base Rate Loans or LMIR Loans to Eurodollar Loans.
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Upon such date no Loans may be made as, or converted to, LMIR Loans until such time as Agent notifies Administrative Borrower and Lenders that the circumstances giving rise to such notice no longer exist and any request for LMIR Loans received by Agent shall be deemed to be a request, or a continuation or conversion, for or into Base Rate Loans.