LIBOR Revolving Loan definition

LIBOR Revolving Loan means a Revolving Loan during any period in which it bears interest based on the LIBOR Rate.

LIBOR Revolving Loan or "LIBOR Rate Loan" means a Revolving Loan during any period in which it bears interest based on the LIBOR Rate.

LIBOR Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR in accordance with the provisions of Article II.

Examples of LIBOR Revolving Loan in a sentence

• Each entry on the schedule to the Tax-Exempt LIBOR Note with respect to a Tax-Exempt LIBOR Revolving Loan shall reflect the applicable principal amount and the applicable interest rate.

• Any Request for Advance shall be signed by a Designated Representative and shall specify whether the requested Advance shall be a Tax-Exempt LIBOR Revolving Loan or a Taxable Revolving Loan.

• All Tax-Exempt LIBOR Revolving Loans made by the Lender and all payments and prepayments made on account of principal thereof shall be recorded by the Lender on the schedule (or a continuation thereof) attached to the Tax-Exempt LIBOR Note, it being understood, however, that failure by the Lender to make any such endorsement shall not affect the obligations of the Authority hereunder or under the Tax-Exempt LIBOR Note in respect of unpaid principal and interest on any Tax-Exempt LIBOR Revolving Loan.

• As provided in Section 2.03(c) hereof, the Authority may elect that any such Revolving Loan be either a Tax-Exempt LIBOR Revolving Loan pursuant to the Tax-Exempt Loan Commitment or a Taxable Revolving Loan pursuant to the Taxable Loan Commitment.

• Default, the Borrower may not elect to have a Loan converted into or continued as, after the existing Interest Period, a LIBOR Revolving Loan.

More Definitions of LIBOR Revolving Loan

LIBOR Revolving Loan means a Revolving Loan which bears interest at the LIBO Rate plus the Applicable Margin.

LIBOR Revolving Loan means, with respect to any Interest Period for any Revolving Loan that is a LIBOR Rate Loan, the rate, as determined by Administrative Agent, for deposits in Dollars for the one (1), two (2), three (3) or six (6) month period (corresponding to the applicable Interest Period) appearing on the Reuters Screen LIBOR01 page as of 11:00 a.m. (London time) on the second full Business Day next preceding the first day of each Interest Period. In the event that such rate does not appear on the Reuters Screen LIBOR01 page at such time, the “LIBOR” shall be determined by reference to such other comparable publicly available service for displaying the offered rate for deposit in Dollars in the London interbank market as may be selected by Administrative Agent and, in the absence of availability, such other method to determine such offered rate as may be selected by Administrative Agent in its sole discretion.

LIBOR Revolving Loan means a Revolving Loan during any period for which it is a LIBOR Loan.

LIBOR Revolving Loan is a Loan which is both a Revolving Loan and a LIBOR Loan).

LIBOR Revolving Loan a revolving loan made or to be made by the Lenders in relation to which interest thereon is to be calculated by reference to LIBOR;

LIBOR Revolving Loan has the meaning given in Section 2.1.1.2(a) of the Credit Agreement.

LIBOR Revolving Loan means a Revolving Credit Loan which is a LIBOR Loan. Unless the Alternate Rate is applicable pursuant to the terms of Section 2.7, Section 4.2, or Section 4.6, all Alternative Currency Loans shall be LIBOR Revolving Loans at all times.