Examples of Overnight LIBOR Rate in a sentence
Each applicable Borrower agrees to pay interest in respect of the unpaid principal amount of each Overnight Rate Loan from the date the proceeds thereof are made available to such Borrower until the maturity of such Overnight Rate Loan at a rate per annum equal to the Overnight Euro Rate or Overnight LIBOR Rate, as applicable.
When interest is determined in relation to the Overnight LIBOR Rate, each change in the interest rate shall become effective each Business Day that the Bank determines that the Overnight LIBOR Rate has changed.
The number of spaces for returning students is limited and varies from semester to semester.
At any time any portion of this Note bears interest determined in relation to LIBOR, it may be continued by Borrower at the end of the Fixed Rate Term applicable thereto so that all or a portion thereof bears interest determined in relation to the Overnight LIBOR Rate or to LIBOR for a new Fixed Rate Term designated by Borrower.
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