Definition of Term Loan Adjusted LIBOR Rate

  1. Term Loan Adjusted LIBOR Rate means the LIBOR Rate plus the Term Loan Margin.

Examples of Term Loan Adjusted LIBOR Rate in a sentence

  1. From and after the maturity of the Term Note, whether by reason of acceleration or otherwise, the Term Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to Three Percent (3%) over and above the Term Loan Adjusted LIBOR Rate.

Definition of Term Loan Adjusted LIBOR Rate in Business Loan and Security Agreement

Term Loan Adjusted LIBOR Rate means, relative to a Term Loan LIBOR Rate Loan, a rate per annum determined by dividing (x) the LIBOR Rate for such Term Loan LIBOR Interest Period by (y) a percentage equal to one hundred percent (100%) minus the Term Loan LIBOR Reserve Percentage.


Definition of Term Loan Adjusted LIBOR Rate in Credit Agreement

Term Loan Adjusted LIBOR Rate means the LIBOR Rate plus the Term Loan Margin.