Term Loan LIBOR Rate definition

Term Loan LIBOR Rate means an interest rate per annum equal at all times during an Interest Period to the aggregate of (i) LIBOR and (ii) the Interest Rate Margin.
Sample 1
Term Loan LIBOR Rate means, relative to any Term Loan LIBOR Interest Period for a Term Loan LIBOR Rate Loan, the offered rate for deposits of U.S. Dollars in an amount approximately equal to the amount of the Term Loan LIBOR Rate Loan for a term coextensive with the designated Term Loan LIBOR Interest Period which the British Bankers’ Association fixes as its LIBOR rate as of 11:00 a.m. London time on the day which is two London Banking Days prior to the beginning of such Interest Period. If the Agent cannot determine such offered rate by the British Bankers’ Association, the Agent may, in its discretion, select a replacement index based on the arithmetic mean of the quotations, if any, of the interbank offered rate by first class banks in London or New York for deposits in comparable amounts and maturities.
Sample 1
Term Loan LIBOR Rate means the greater of (a) the rate per annum rate appearing on Macro*World's (xxxxx://xxxxxxxxxxxxxx.xxxxxx.xxx; the "Service") Page BBA LIBOR – USD (or on any successor or substitute page of such Service, or any successor to or substitute for such Service) 2 Business Days prior to the commencement of the first day of each Term Loan Interest Period, for a term, and in an amount, comparable to the Term Loan Interest Period and the amount of the Term Loan (whether as the initial Term Loan or as a continuation of the Term Loan) in accordance with the Agreement, which determination shall be made by Agent and shall be conclusive in the absence of manifest error and (b) 1.00% per annum.
Sample 1

Examples of Term Loan LIBOR Rate in a sentence

  • The Term Loan LIBOR Rate shall be deemed to be not less than 1.00%.

  • The Amended Term Loan Credit Agreement provides for a $820 million delayed draw senior secured term loan facility (the “Incremental Term Loan Facility”) and the Term Loan Credit Agreement Amendment (i) effectuated a reduction of the applicable interest margin and the Term Loan LIBOR Rate floor for term loans outstanding on the date of the amendment and (ii) extends the maturity of term loans outstanding on the date of the amendment.

  • In such event: (i) any pending request for a Term Loan LIBOR Rate shall be of no effect; and (ii) the obligation of the Bank to maintain or offer Term Loan LIBOR Rates shall be suspended until the Bank determines that the circumstances giving rise to such suspension no longer exist, whereupon the Bank shall notify the Borrower.

  • It is important to underline that the meteorological mechanism of those hazard situations in the region is not well understood, and that this is the first study aimed to characterize them.The observational network deployed in the area includes radar and rain gauges.

  • Subject to clause (d) below, interest on (A) the entire Initial Term Loan shall be charged at a rate of interest based upon the LIBOR Rate plus the Initial Term Loan LIBOR Rate Margin in accordance with Section 2.6(a) and (B) the entire Second Amendment Term Loan shall be charged at a rate of interest based upon the LIBOR Rate plus the Second Amendment Term Loan LIBOR Rate Margin in accordance with Section 2.6(a).

  • Each request regarding the interest rate applicable to the Term Loan shall specify whether the interest rate is to be a Term Loan Base Rate, a Term Loan LIBOR Rate, or a Term Loan Cost of Funds Rate and, once so specified, such specification may not be changed except with prior approval of the Bank.

  • The facilitator asks the trio that is in the performance space to show the spectators what are the „similarities“ that they have found in their trio.

  • From the Closing Date through August 31, 2010, the Term Loan shall be classified as a Prime Rate Loan and upon Agent’s receipt of Borrowers’ written request in accordance with and pursuant to the next paragraph, shall be converted to a Term Loan LIBOR Rate Loan on September 1, 2010.

  • The definitions of “Initial Term Loan Base Rate Margin”, “Initial Term Loan LIBOR Rate Margin”, “Second Amendment Term Loan Base Rate Margin”, and “Second Amendment Term Loan LIBOR Rate Margin” are hereby deleted in their entirety.

  • Each such request shall further specify the Interest Period to be applicable to such request as follows: for Term Loan Base Rate no Interest Period need be specified; for Term Loan LIBOR Rate, the Interest Period, at the Borrower's option, may be of a duration of 7, 30, 60 or 90 days; and for Term Loan Cost of Funds Rate, the Interest Period, at the Borrower's option, may be of a duration of 7, 14 or 21 days.


More Definitions of Term Loan LIBOR Rate

Term Loan LIBOR Rate means, with respect to any Eurodollar Term Borrowing for any Interest Period, the rate per annum determined by the Administrative Agents to be the arithmetic mean (rounded upward, if necessary, to the nearest 1/l00th of 1%) of the offered rates for deposits in dollars with a term comparable to such Interest Period that appears on the Telerate British Bankers Assoc. Interest Settlement Rates Page at approximately 11:00 a.m., London, England time, on the second full Business Day preceding the first day of such Interest Period; provided, however, that (i) if no comparable term for an Interest Period is available, the Term Loan LIBOR Rate shall be determined using the average of rates provided by three LIBOR Reference Banks (rounded to four decimal places) corresponding to such Interest Period and (ii) if there shall at any time no longer exist a Telerate British Bankers Assoc. Interest Settlement Rate Page, “Term Loan LIBOR Rate” shall mean, with respect to each day during each Interest Period pertaining to Eurodollar Term Borrowings comprising part of the same Borrowing, the rate per annum equal to the rate at which the Administrative Agents are offered deposits in the relevant Approved Currency at approximately 11:00 a.m., London, England time, two Business Days prior to the first day of such Interest Period in the London interbank market for delivery on the first day of such Interest Period for the number of days comprised therein and in an amount comparable to its portion of the amount of such Eurodollar Term Borrowing to be outstanding during such Interest Period. “Telerate British Bankers Assoc. Interest Settlement Rates Page” shall mean the display designated as Page 3750 on the Telerate System Incorporated Service (or such other page as may replace such page on such service for the purpose of displaying the rates at which dollar deposits are offered by leading banks in the London interbank deposit market).
Sample 1
Term Loan LIBOR Rate means, with respect to each day during each Interest Period pertaining to Eurodollar Term Borrowings comprising part of the same Borrowing, the rate per annum equal to the rate at which the Administrative Agents are offered deposits in the relevant Approved Currency at approximately 11:00 a.m., London, England time, two Business Days prior to the first day of such Interest Period in the London interbank market for delivery on the first day of such Interest Period for the number of days comprised therein and in an amount comparable to its portion of the amount of such Eurodollar Term Borrowing to be outstanding during such Interest Period. “Telerate British Bankers Assoc. Interest Settlement Rates Page” shall mean the display designated as Page 3750 on the Telerate System Incorporated Service (or such other page as may replace such page on such service for the purpose of displaying the rates at which dollar deposits are offered by leading banks in the London interbank deposit market).
Sample 1
Term Loan LIBOR Rate in Section 1 of the Loan Agreement is hereby amended and restated as follows:
Sample 1
Term Loan LIBOR Rate means the LIBOR Rate during the LIBOR Rate Interest Period, plus an applicable margin, which shall be (a) 3.25% for the period beginning on October 1, 1998 and ending on December 31, 1999, and (b) for all periods beginning after December 31, 1999, an amount which shall be adjusted as of the first day of the applicable Fiscal Quarter based on the Consolidated Interest Coverage Ratio of GSTOC and its Subsidiaries for the 12-month period then ended, as follows:
Sample 1
Term Loan LIBOR Rate means as of any date the LIBOR Rate that would be in effect on such date for an Advance made as of the first Eurodollar Banking Day of the most recently commenced calendar quarter, assuming that (i) Borrower had made a LIBOR election under Section 2.4(a)(ii) with respect to such Advance, (ii) Borrower had selected the three (3) month LIBOR Period, (iii) the LIBOR Margin would be one and seven-eighths percent (1.875%) and (iv) Borrower would not be prohibited under this Agreement from making a LIBOR election.
Sample 1

Related to Term Loan LIBOR Rate

  • Term Loan Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • LIBOR Applicable Margin means, as of any date with respect to any LIBOR Interest Period, the Applicable Margin in effect for such LIBOR Interest Period as determined in accordance with Section 2.4 hereof.

  • Applicable Revolver LIBOR Margin means the per annum interest rate from time to time in effect and payable in addition to the LIBOR Rate applicable to the Revolving Loan, as determined by reference to Section 1.5(a).

  • Applicable LIBOR Rate Margin means the following per annum percentages, applicable in the following situations:

  • Eurodollar Rate Margin means the margin over the Eurodollar Rate used in determining the rate of interest of Eurodollar Rate Loans pursuant to subsection 2.2A.

  • LIBOR Rate Margin has the meaning set forth in the definition of Applicable Margin.

  • LIBOR Rate means a rate per annum (rounded upwards, if necessary, to the next higher 1/100th of 1%) determined by the Administrative Agent pursuant to the following formula: LIBOR Rate = LIBOR

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Applicable LIBOR Rate means, (a) for Auction Periods of 35 days or less, One-Month LIBOR, (b) for Auction Periods of more than 35 days but less than 91 days, Three-Month LIBOR, (c) for Auction Periods of more than 90 days but less than 181 days, Six-Month LIBOR, and (d) for Auction Periods of more than 180 days, One-Year LIBOR.

  • Applicable Eurodollar Rate Margin means, with respect to any Eurodollar Rate Advance, for each Pricing Period, the interest rate margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin I 52.50 II 62.50 III 72.50 IV 82.50 V 92.50

  • LIBOR Revolver Loan a Revolver 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.

  • Term Loan Interest Rate means for any day a per annum rate of interest equal to the greater of (i) (a) the prime rate as reported in The Wall Street Journal, plus (b) 5.90%, and (ii) 9.15%.

  • Term Loan as defined in Section 2.1.

  • Applicable Margin means, with respect to Advances of any Type at any time, the percentage rate per annum which is applicable at such time with respect to Advances of such Type as set forth in the Pricing Schedule.

  • USD LIBOR means the London interbank offered rate for U.S. dollars.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • LIBOR Margin has the meaning given that term in Section 2.2.(c)(ii)(D).

  • Term Loan B has the meaning set forth in Section 2.2(b).

  • Applicable LIBOR Margin means a per annum rate of interest payable in addition to the LIBOR Rate on LIBOR Rate Loans, determined by reference to Section 1.6.

  • Term Loan Advances are each defined in Section 2.1.1(a).

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

  • Eurodollar Rate Committed Loan means a Committed Loan that bears interest at a rate based on the Eurodollar Rate.

  • Term Loan A has the meaning set forth in Section 2.2(a).

  • Eurodollar Rate with respect to each day during each Interest Period pertaining to a Eurodollar Loan, a rate per annum determined for such day in accordance with the following formula (rounded upward to the nearest 1/100th of 1%): Eurodollar Base Rate

  • EURIBOR Rate has the meaning assigned thereto in the definition of “Eurocurrency Rate”.

  • Applicable Margins means collectively the Applicable Revolver Index Margin, the Applicable Term Loan Index Margin, the Applicable Revolver LIBOR Margin and the Applicable Term Loan LIBOR Margin.