US LIBOR Loan definition

US LIBOR Loan means each US Revolving Loan designated as such by the relevant Borrower at the time of the incurrence thereof or conversion thereto bearing interest at a rate determined by reference to LIBOR.
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US LIBOR Loan each set of US Revolver Loans bearing interest calculated by reference to the LIBOR having a common length and commencement of Interest Period. US Lenders: Bank of America and each other Lender (other than UK Lenders) permitted hereunder that has issued a US Revolver Commitment. US LC Request: an LC Request made by a US Borrower. US Obligations: on any date, the portion of the Obligations outstanding that are owing by any US Obligor. US Obligors: each US Borrower, each US Guarantor and each other Person that is liable for payment of any US Obligations or that has granted a Lien in favor of Agent on its assets to secure any US Obligations.
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US LIBOR Loan means each Loan bearing interest based on the Adjusted LIBOR.
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Examples of US LIBOR Loan in a sentence

  • During any Default or Event of Default, Agent may (and shall at the direction of US Required Lenders) declare that no US Revolver Loan may be made, converted or continued as a US LIBOR Loan.

  • Each Rollover or Conversion of a CDOR Rate Loan, US LIBOR Loan or Bankers’ Acceptance shall be made effective as of, in the case of a CDOR Rate Loan or LIBOR Loan, the last day of the subsisting Interest Period and, in the case of a Bankers’ Acceptance, the maturity date applicable thereto.

  • With respect to any U.S. Base Rate Loan converted into a U.S. LIBOR Loan pursuant to Section 2.2.1 on a day when interest would not otherwise have been payable with respect to such U.S. Base Rate Loan, accrued interest to the date of such conversion on the amount of such U.S. Base Rate Loan so converted shall be paid on the conversion date.

  • The duration of each Interest Period for a CDOR Rate Loan or US LIBOR Loan shall be one, two, three, six or (if agreed by all of the applicable Lenders) twelve months, as the Borrower may select in the applicable Accommodation Request, or such other period to which all of the applicable Lenders may agree.

  • If another type of Borrowing is subject to a Conversion to a CDOR Rate Loan or US LIBOR Loan, the initial Interest Period for such Loan shall commence on the date of such Conversion.

  • Notwithstanding anything to the contrary herein, no Canadian Swing Line Loan nor any U.S. Swing Line Loan may be converted to a U.S. LIBOR Loan, Canadian LIBOR Loan or a BA Rate Loan.

  • Notice of Conversion/Continuation: a request by US Borrower Agent for conversion or continuation of a Loan as a US LIBOR Loan, or a UK LIBOR Loan as applicable, in form reasonably satisfactory to Agent.

  • US Borrowers may on any Business Day elect to convert any portion of the US Revolver Loans which are US Base Rate Loans to, or to continue any US Revolver Loan which is a US LIBOR Loan at the end of its Interest Period as, a US LIBOR Loan.

  • US Dollars shall be designated from time to time, as requested or deemed to have been requested by the Borrower, as a US LIBOR Loan or anABR Loan.

  • US Dollars shall be designated from time to time, as requested or deemed to have been requested by the Borrower, as a US LIBOR Loan or an ABR Loan.


More Definitions of US LIBOR Loan

US LIBOR Loan each set of US Term Loans bearing interest calculated by reference to the LIBOR having a common length and commencement of Interest Period.
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US LIBOR Loan means a US Loan that bears interest at a rate based upon the US LIBOR Rate.
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US LIBOR Loan each set of US Revolver Loans bearing interest calculated by reference to the LIBOR having a common length and commencement of Interest Period. US Lenders: Bank of America and each other Lender (other than UK Lenders) permitted hereunder that has issued a US Revolver Commitment. US LC Request: an LC Request made by a US Borrower. US Minimum Requirement: at all times the US Revolver Commitments shall comprise at least 80% of the total Revolver Commitments. US Obligations: on any date, the portion of the Obligations outstanding that are owing by any US Facility Grantor.
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US LIBOR Loan means a U.S. Revolver Loan, or portion thereof, during any period in which it bears interest at a rate based upon the applicable Adjusted LIBOR Rate.
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US LIBOR Loan each set of US Revolver Loans bearing interest calculated by reference to the LIBOR having a common length and commencement of Interest Period. US Lenders: Bank of America and each other Lender (other than UK Lenders) permitted hereunder that has issued a US Revolver Commitment. US LC Request: an LC Request made by a US Borrower. US Obligations: on any date, the portion of the Obligations outstanding that are owing by any US Obligor.
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US LIBOR Loan means a US Revolving Credit Advance, or portion thereof, bearing interest calculated by reference to the LIBOR Rate.
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Related to US LIBOR Loan

  • LIBOR Loan means a Loan or any portion thereof bearing interest by reference to the LIBOR Rate.

  • LIBOR Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the LIBOR Rate.

  • Index Rate Loan means a Loan or portion thereof bearing interest by reference to the Index Rate.

  • LIBO Rate Loan means a Loan bearing interest, at all times during an Interest Period applicable to such Loan, at a fixed rate of interest determined by reference to the LIBO Rate (Reserve Adjusted).

  • CDOR Rate Loan means a Loan denominated in Canadian Dollars the rate of interest applicable to which is based on the CDOR Rate.

  • Reference Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the Reference Rate.

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

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • Eurocurrency Interest Period means the Interest Period applicable to a Eurocurrency-based Advance.

  • Dollar Loan means a Loan denominated in Dollars.

  • Eurodollar Loan means a Loan which bears interest at a Eurodollar Rate.

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

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • Eurocurrency Rate Advance means a Revolving Credit Advance denominated in Dollars or a Committed Currency that bears interest as provided in Section 2.07(a)(ii).

  • Eurodollar Rate Borrowing means a Borrowing comprised of Eurodollar Rate Loans.

  • Offshore Rate Loan means a Loan that bears interest based on the Offshore Rate.

  • Eurocurrency Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurocurrency Rate.

  • Money Market LIBOR Loan means a loan to be made by a Bank pursuant to a LIBOR Auction (including such a loan bearing interest at the Base Rate pursuant to Section 8.01(a)).

  • Interest Period means the period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the first Interest Payment Date and each successive period beginning on (and including) an Interest Payment Date and ending on (but excluding) the next succeeding Interest Payment Date.

  • Eurodollar Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurodollar Rate.

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

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

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.

  • 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.

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

  • Eurocurrency Loan means any Eurocurrency Term Loan or Eurocurrency Revolving Loan.