LIBOR Bid Loan definition

LIBOR Bid Loan means any Bid Loan that bears interest at a rate determined with reference to LIBOR.

LIBOR Bid Loan means any Bid Loan that bears interest at a rate based upon the LIBO Rate.

LIBOR Bid Loan any Bid Loan made and/or being maintained at a rate of interest based upon the Eurodollar Rate.

Examples of LIBOR Bid Loan in a sentence

• If any payment on a LIBOR Loan or LIBOR Bid Loan becomes due and payable on a day other than a Working Day, the maturity thereof shall be extended to the next succeeding Working Day unless the result of such extension would be to extend such payment into another calendar month, in which event such payment shall be made on the immediately preceding Working Day.

• The Agent shall promptly after receipt by it of a Bid Loan Request pursuant to Section 2.08(a) notify the Banks of its receipt of such Bid Loan Request specifying (i) the identity of the applicable Borrower, (ii) the proposed Bid Loan Borrowing Date, (iii) whether the proposed Bid Loan shall be a Fixed Rate Bid Loan or a LIBOR Bid Loan, (iv) the Bid Loan Interest Period, (v) the principal amount of the proposed Bid Loan and (vi) the Approved Currency for such Bid Loan.

• This is a[n] [LIBOR] [Absolute Rate] Bid Loan Request pursuant to subsection 2.3(b) of the Credit Agreement requesting quotes for the following Bid Loans: Aggregate Principal Amount: $----- $----- $----- Bid Loan Date: ----- ----- ----- [Interest Period:]* ----- ----- ----- Maturity Date:** ----- ----- ----- Interest Payment Dates: ----- ----- ----- Borrower: ----- ----- ----- -------- * Insert only in a LIBOR Bid Loan Request.

• If such notice is given (i) any requested LIBOR Loan in Dollars shall be made as an ABR Loan and any requested LIBOR Bid Loan shall be made as a Fixed Rate Bid Loan based upon the ABR, (ii) any ABR Loan that was to have been converted to a LIBOR Loan shall be continued as an ABR Loan, (iii) any outstanding LIBOR Loan in Dollars shall be converted, on the last day of the then current Interest Period with respect thereto, to an ABR Loan in any Optional Currency.

• The LIBOR Bid Loan Spread shall be quoted as a percentage rate per annum and expressed in multiples of 1/1000th of one percentage point to be either added to (if it is positive) or subtracted from (if it is negative) the LIBOR in effect two (2) Business Days before the Borrowing Date with respect to such Bid Loan.

More Definitions of LIBOR Bid Loan

LIBOR Bid Loan means a Competitive Bid Revolving Loan, bearing interest based on LIBOR plus (or minus) a margin.

LIBOR Bid Loan means any Bid Loan that bears interest at a rate based upon LIBOR.

LIBOR Bid Loan means any Bid Loan that bears interest at a rate based upon the Offshore Rate. LIBOR Bid Margin - see subsection 2.6(c(ii(C.

LIBOR Bid Loan means any Bid Loan made and/or being maintained at a

LIBOR Bid Loan means any Bid Loan made and/or

LIBOR Bid Loan means a Bid Loan that bears interest at the relevant LIBOR Bid Margin above (or below, as the case may be) the LIBOR Rate (determined as described in the definition of "LIBOR Bid Margin").

LIBOR Bid Loan means any Bid Loan that bears interest at a rate determined with reference to LIBOR. "LIBOR Bid Margin" has the meaning specified in Section 2.04(b)(ii)(B). "Lien" means any lien, charge, security interest or encumbrance or any other type of preferential arrangement (including liens or retained security titles of conditional vendors and capitalized leases but excluding any right of set-off). "Loan" means an extension of credit by a Bank pursuant to Article II and may be a Committed Loan or a Bid Loan. "Loan Documents" means this Agreement, the Guarantee Agreement, any promissory notes delivered pursuant to this Agreement, the account agreement contemplated by the last paragraph of Section 5.01, the Notices of Borrowing, the Notices of Conversion/Continuation and the Competitive Bid Requests. "Majority Banks" means at any time Banks holding at least 51% of the Commitments and, if the Commitments have been terminated, Banks holding at least 51% of the then aggregate unpaid principal amount of the Loans made by the Banks. "Margin Stock" shall have the meaning given such term under Regulation U. "Material Adverse Effect" means (a) an adverse change in, or an adverse effect upon, the financial condition, business, prospects or properties of any of (i) the Borrower or (ii) the Borrower and its Subsidiaries taken as a whole resulting from a single event or a series of events within any 12-month period causing the consolidated Net Worth (calculated as if the Merger had occurred as of the Effective Date) of the Borrower to be reduced by 10% or more; (b) any material adverse change in the rights or remedies of the Banks under the Loan Documents or the ability of the Borrower to perform its obligations under any of the Loan Documents; or (c) any material adverse change in the legality, validity or enforceability of any Loan Document. "Maturity Date" means the first anniversary of the Termination Date. "Merger" means the merger of IBP with and into Merger Co. in accordance with the Merger Agreement. "Merger Agreement" means the Agreement and Plan of Merger dated as of January 1, 2001, among IBP, the Borrower and Merger Co., with no changes therefrom adverse to the Banks. "Merger Co." means Lasso Acquisition Corporation, a Delaware corporation and a wholly-owned Subsidiary of the Borrower. "Moody's" means Xxxxx'x Investors Service, Inc. or any successor to the rating agency business thereof. "Multiemployer Plan" means, with respect to any Person, at any time, a "multie...