LIBOR Borrowing Rate definition

LIBOR Borrowing Rate means, for any specified LIBOR Interest Period, the LIBOR Rate plus the applicable Margin."
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LIBOR Borrowing Rate means the LIBOR Rate plus two percent (2%). The LIBOR Borrowing Rate for each LIBOR Borrowing Rate Amount shall be determined pursuant to Paragraph 3.3., as of the beginning of the applicable LIBOR Interest Period, based on the then current LIBOR Rate, and, except as provided in Paragraph 3.4., shall remain fixed during that LIBOR Interest Period.
Sample 1
LIBOR Borrowing Rate means the LIBOR Rate plus the applicable margin determined in accordance with Section 4.1 herein.
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Examples of LIBOR Borrowing Rate in a sentence

  • Any adjustment of the LIBOR Borrowing Rate provided for in this Section 4.1 shall be effective as of the first day following the Interest Periods that expire after the month in which U.S. Bank receives Borrower's financial statements establishing a ratio in a new range of Capital Ratios or Funded Debt Ratios, as the case may be, for the immediately preceding fiscal quarter.

  • Subject to Section 4.9 herein, Borrower shall pay interest on the principal amount outstanding under the Revolving Loan from time to time at a per annum rate of interest equal to the applicable Prime Borrowing Rate for any Prime Rate Borrowing, and at the applicable LIBOR Borrowing Rate for any LIBOR Rate Borrowing, pursuant to the other terms and conditions hereof and subject to adjustment as set forth in Section 4.1 of this Agreement.

  • Notwithstanding any other term of this Agreement, Borrower may elect the LIBOR Borrowing Rate to apply to Loans or portions thereof only in the minimum principal amount of $500,000.

  • Subject to Sections 4(b)(iii), 4(b)(iv) and 11, interest shall accrue on the Principal Balance of this note from time to time at a per annum rate equal to the LIBOR Borrowing Rate.

  • Lender's determination of the LIBOR Borrowing Rate and any such taxes or charges shall be conclusive in the absence of manifest error.

  • Each Borrowing Notice shall specify the requested effective date of the LIBOR Borrowing Rate, the Interest Period, the amount of the LIBOR Rate Borrowing, and whether Borrower is requesting a new advance at the LIBOR Borrowing Rate, conversion of all or any portion of the Prime Rate Borrowing to a LIBOR Rate Borrowing, or a new Interest Period for an outstanding LIBOR Rate Borrowing.

  • Thus, although the Employer's ambiguous statements arguably may indicate that it believed the Union had majority support, those state- ments are insufficient to confer 9(a) status upon the Union without actual demonstration of that majority status.

  • If the LIBOR Borrowing Rate is in effect, Borrower shall pay interest based on such rate, plus any other applicable taxes or charges hereunder, even though Lender may have obtained the funds loaned to Borrower from sources other than the London interbank market.

  • Subject to Section 4.9 herein, Borrower shall pay interest from the date of the Acquisition Note on the principal amount thereof remaining unpaid from time to time at a per annum rate of interest equal to the applicable Prime Borrowing Rate for any Prime Rate Borrowing, and at the applicable LIBOR Borrowing Rate for any LIBOR Rate Borrowing, pursuant to the other terms and conditions hereof and subject to adjustment as set forth in Section 4.1 of this Agreement.

  • Subject to Section 4.9 herein, Borrower shall pay interest on the principal amount of the Term Loan remaining unpaid from time to time at a per annum rate of interest equal to the applicable Prime Borrowing Rate for any Prime Rate Borrowing, and at the applicable LIBOR Borrowing Rate for any LIBOR Rate Borrowing, pursuant to the other terms and conditions of this Agreement and subject to adjustment as set forth in Section 4.1 of this Agreement.


More Definitions of LIBOR Borrowing Rate

LIBOR Borrowing Rate means the LIBOR Rate plus one percent (1.0%) per annum. The LIBOR Borrowing Rate for each LIBOR Borrowing Rate Amount shall be determined pursuant to Paragraph 3.3., as of the beginning of the applicable LIBOR Interest Period, based on the then current LIBOR Rate, and, except as provided in Paragraphs 3.3.c., 3.3.d. and 3.4., shall remain fixed during that LIBOR Interest Period.
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LIBOR Borrowing Rate means the LIBOR Rate (Reserved Adjusted) plus the Applicable Margin in effect as of the first day of the applicable LIBOR Rate Borrowing. “LIBOR Rate” means the average offered rate (computed on the basis of a 360–day year and the actual number of days elapsed) for deposits in United States Dollars for delivery of such deposits on the day that is two Business Days preceding the first day of the applicable Interest Period of a LIBOR Rate Borrowing for the number of days comprised therein for the number of days comprised therein, which appears on Telerate Page 3750 as of 11:00 a.m., London time (or such other time as of which such rate appears) or the rate for such deposits determined by U.S. Bank at such time based on such other published service of general application as shall be selected by U.S. Bank for such purpose; provided, that in lieu of determining the rate in the foregoing manner, U.S. Bank may determine the rate based on rates offered to U.S. Bank for deposits in United States Dollars in the interbank Eurodollar market at such time for delivery on the first day of the Interest Period for the number of days comprised therein. “Telerate Page 3750” means the display designated as such on the Bridge Telerate, Inc. service or any successor service (or such other page as may replace page 3750 on that service for the purpose of displaying London interbank offered rates of major banks for United States Dollar deposits).
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Related to LIBOR Borrowing Rate

  • borrowing rate means the interest rate expressed as a fixed or variable percentage applied on an annual basis to the amount of credit drawn down;

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

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

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

  • 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.

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

  • LIBO Rate Advance means a Pro Rata Advance that bears interest as provided in Section 2.04(a)(ii).

  • LIBOR Rate Loan means a Loan that bears interest based on LIBOR.

  • Eurocurrency Base Rate has the meaning specified in the definition of Eurocurrency Rate.

  • Eurocurrency Rate Advance means a Revolving Credit Advance or a Term Loan Advance denominated in Dollars or in an Agreed Currency which bears interest as provided in Section 2.07(b) or a Local Currency Advance which bears interest as provided in Section 2.07(b) and the Local Currency Addendum.

  • LIBO Rate Advances has the meaning specified in Section 2.03(a)(i).

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

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

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

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

  • 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.

  • Eurodollar Base Rate has the meaning specified in the definition of Eurodollar Rate.

  • Eurocurrency Loans Loans the rate of interest applicable to which is based upon the Eurocurrency Rate.

  • Reference Rate Loan means any Committed Loan that bears interest at a rate determined with reference to the Reference Rate.

  • Eurodollar Rate Committed Loan means a Committed Loan that bears interest at a rate based on clause (a) of the definition of “Eurodollar Rate.”

  • Eurodollar Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(ii).

  • LIBOR Rate Loans means Loans bearing interest at a rate based on the LIBOR Base Rate or LIBOR Rate, as applicable.

  • Base Rate Loans Loans the rate of interest applicable to which is based upon the Base Rate.

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

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.