LIBOR Loans definition

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

LIBOR Loans means Loans the interest rates on which are determined on the basis of rates referred to in the definition of "LIBOR Rate".

LIBOR Loans. Loans the rate of interest applicable to which is based upon LIBOR.

Examples of LIBOR Loans in a sentence

• Each Notice of Borrowing shall specify the aggregate principal amount of the Revolving Loans to be borrowed, the date such Revolving Loans are to be borrowed (which must be a Business Day), the use of the proceeds of such Revolving Loans, the Type of the requested Revolving Loans, and if such Revolving Loans are to be LIBOR Loans, the initial Interest Period for such Revolving Loans.

• The Administrative Agent, upon determining the interest rate for any Borrowing of LIBOR Loans, shall promptly notify the Borrower and the relevant Lenders thereof.

• Any such automatic conversion to Base Rate Loans shall be effective as of the last day of the Interest Period then in effect with respect to the applicable LIBOR Loans.

• There may be no more than six (6) different Interest Periods for LIBOR Loans outstanding at the same time.

• Each such notice shall specify the proposed date of such prepayment and the aggregate principal amount and Type of the Loans to be prepaid (and, in the case of LIBOR Loans, the Interest Period of the Borrowing pursuant to which made), and shall be irrevocable and shall bind the Borrower to make such prepayment on the terms specified therein.

More Definitions of LIBOR Loans

LIBOR Loans means at any time that portion of the Loans bearing interest at rates determined by reference to LIBOR.

LIBOR Loans means Revolving Loans bearing interest at rates determined by reference to LIBOR.

LIBOR Loans loans bearing interest calculated by reference to a LIBOR.

LIBOR Loans means that portion, and collectively those portions, of the aggregate outstanding principal balance of the Loans that bear interest at the LIBOR Rate.

LIBOR Loans means any Loans which accrue interest by reference to the LIBOR, in accordance with the terms of this Agreement.

LIBOR Loans. Revolving Credit Loans with respect to which the rate of interest is based upon the Adjusted LIBO Rate.

LIBOR Loans means that portion, and collectively those portions, of the aggregate outstanding principal balance of the Loans that bear interest at the LIBOR Rate, of which at any time, the Borrower may identify no more than ten (10) advances of the Revolving Loans which bear interest at the LIBOR Rate.