LIBOR Interest Payment Date definition

LIBOR Interest Payment Date means, with respect to a LIBOR Rate Loan, the Termination Date and the last day of each Interest Period applicable to such Loan or, with respect to each Interest Period of greater than three months in duration, the last day of the third month of such Interest Period and the last day of such Interest Period.
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LIBOR Interest Payment Date means, with respect to a LIBOR Loan, the last day of each Interest Period applicable to such Loan, and, if such Interest Period has a duration of more than three months, on each day which occurs during such Interest Period every three months from the first day of such Interest Period.
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LIBOR Interest Payment Date shall have the meaning set forth in Section 2.04.
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Examples of LIBOR Interest Payment Date in a sentence

  • Interest accrued on each LIBOR Portion shall be due and payable on each LIBOR Interest Payment Date and on the earlier of (1) the occurrence of an Event of Default in consequence of which Agent or Majority Lenders elect to accelerate the maturity and payment of the Obligations or (2) termination of this Agreement pursuant to Section 4 hereof.

  • On each Revolving Loan that is a LIBOR Loan, interest shall be due and payable on the LIBOR Interest Payment Date and shall accrue at a rate per annum equal to the Applicable Margin plus the applicable LIBOR on the outstanding principal balance of such LIBOR Loan.

  • Accrued interest on each LIBOR Rate Loan shall be payable in arrears on each LIBOR Interest Payment Date applicable to such Loan and, in any event, at maturity.

  • Interest accrued on each LIBOR Portion shall be due and payable on each LIBOR Interest Payment Date and on the earlier of (1) the acceleration of such LIBOR Portion in accordance with the terms of Section 10.2 or (2) termination of this Agreement pursuant to Section 4 hereof.

  • Interest accrued on each LIBOR Advance shall be due and payable on each LIBOR Interest Payment Date and on the earliest of (1) the occurrence of an Event of Default in consequence of which Agent or Majority Lenders elect to accelerate the maturity and payment of the Obligations or (2) termination of this Agreement pursuant to Section 4 hereof.


More Definitions of LIBOR Interest Payment Date

LIBOR Interest Payment Date the last day of each Interest Period and, in the case of any Interest Period of six (6) months, the 90th day of such Interest Period.
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LIBOR Interest Payment Date the first day of each calendar month during and immediately following the applicable Interest Period.
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LIBOR Interest Payment Date means, with respect to a LIBOR Revolving Loan the first day of each month during the Interest Period applicable to such Loan and the last day of the Interest Period applicable to such Loan.
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LIBOR Interest Payment Date means the last day of a Libor Interest Period and, if such Libor Interest Period is longer than three (3) months, the last day of every period of three (3) months after the beginning of such Libor Interest Period;
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LIBOR Interest Payment Date. Material Adverse Effect," "Obligations," "Term A Loan Termination Date," and "Term B Loan Termination Date" appearing therein as follows:
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LIBOR Interest Payment Date means in the case of any LIBOR Rate Advance, the last day of each LIBOR Rate Interest Period and, in the case of a LIBOR Rate Interest Period of more than three months, the ninetieth day of such LIBOR Rate Interest Period. The Borrowers may initially elect to request a LIBOR Rate Advance, may continue a LIBOR Rate Advance as a LIBOR Rate Advance or may convert a Prime Rate Advance to a LIBOR Rate Advance by specifying the amount thereof and giving notice thereof to the Bank in writing in the form of EXHIBIT B hereto not later than 2:00 p.m. New York time, two LIBOR Business Days prior to (as applicable) the date any LIBOR Rate Advance is to be made initially or the date on which any continuation of or conversion to a LIBOR Rate Advance is to be effective, provided, that an outstanding LIBOR Rate Advance may only be continued or converted on the last day of the then current LIBOR Rate Interest Period applicable to such LIBOR Rate Advance. If the Borrowers shall fail to timely deliver such a notice with respect to any outstanding LIBOR Rate Advance, the Borrowers shall be deemed to have elected to convert such LIBOR Rate Advance to a Prime Rate Advance on the last day of the then current LIBOR Rate Interest Period applicable to such LIBOR Rate Advance. In all other cases concerning Prime Rate Advances, the Borrowers shall specify the amount thereof and give notice thereof to the Bank in writing in the form of EXHIBIT B hereto not later than 2:00 p.m. New York time on the day such Prime Rate Advance is to be made. In the case of a Treasury Rate Advance, the Borrowers shall specify the amount thereof and give notice thereof to the Bank in writing in the form of EXHIBIT B hereto not later than 2:00 p.m. New York time two LIBOR Business Days prior to the Revolving Loan Maturity Date.
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LIBOR Interest Payment Date is defined in Section 2.3. "LIBOR Rate" is defined in Section 2.3. "LIBOR Rate Advance" is defined in Section 2.3. "LIBOR Rate Interest Period" is defined in Section 2.3. "Loan" and "Loans" are defined in Section 1.2. "Metatec" is defined in the preamble. "Material Adverse Effect" is defined in Section 3.1. "Metatec" is defined in the preamble. "Note" and "Notes" are defined in Section 1.3. "Premises" is defined in Section 3.11. "Prime Rate" is defined in Section 2.1.
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