LIBOR Rate Advances definition

LIBOR Rate Advances means any Advances made or a portion thereof on which interest is payable based on the LIBOR Rate in accordance with the terms hereof.

LIBOR Rate Advances means that portion of the Revolving Loan bearing interest calculated by reference to the LIBOR Rate in the Lender Credit Agreement.

LIBOR Rate Advances means any ADVANCE, the interest rate on which is calculated by reference to the LIBOR RATE.

Examples of LIBOR Rate Advances in a sentence

• To the extent reasonably possible, each Lender shall designate an alternate Lending Installation with respect to its LIBOR Rate Loans to reduce any liability of the Borrower to such Lender under Sections 3.1, 3.2 and 3.5 or to avoid the unavailability of LIBOR Rate Advances under Section 3.3, so long as such designation is not, in the reasonable judgment of such Lender, disadvantageous to such Lender.

• Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into LIBOR Rate Advances.

• The ratable Advances may be Floating Rate Advances, LIBOR Rate Advances or a combination thereof, selected by the Borrower in accordance with Sections 2.8 and 2.9.

• Such request shall specify the amount of the Prime Rate Advances which will constitute LIBOR Rate Advances (subject to the limits set forth below) and the Interest Period to be applicable to such LIBOR Rate Advances.

• Subject to the provisions contained in the Loan Agreement relating to the determination of Interest Periods for LIBOR Rate Advances, if any payment hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day, and interest shall be payable thereon during such extension at the applicable rate specified in the Loan Agreement.

More Definitions of LIBOR Rate Advances

LIBOR Rate Advances means Advances the rate of interest applicable to which is based on the LIBOR Rate.

LIBOR Rate Advances. All Advances bearing interest at a rate based on LIBOR.

LIBOR Rate Advances means Advances bearing interest calculated on the basis of the LIBOR Adjusted Rate.

LIBOR Rate Advances. During such periods as such Revolving Credit Advance is a LIBOR Rate Advance, a rate per annum equal at all times during each Interest Period for such Revolving Credit Advance to the sum of: (x) the LIBOR Rate for such Interest Period for such Revolving Credit Advance, plus (y) the Applicable Margin, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest Period and on the date such LIBOR Rate Advance shall be Converted or paid in full.

LIBOR Rate Advances. $__________ Unused Commitment Fee: $__________

LIBOR Rate Advances means those portions of principal of the Revolving Loan accruing interest at the Adjusted LIBOR Rate.

LIBOR Rate Advances. Prime Rate" and "Prime Rate Advances":