LIBOR Revolving Loans definition

LIBOR Revolving Loans means, at any time, a Revolving Loan bearing interest as provided in Section 2.3(a) of the Loan Agreement.
Sample 1Sample 2Sample 3
LIBOR Revolving Loans means a Revolving Loan during any period in which it bears interest based on the LIBOR Rate.
Sample 1Sample 2
LIBOR Revolving Loans means any portions of the Revolving Loan that are also LIBOR Loans.
Sample 1

Examples of LIBOR Revolving Loans in a sentence

  • Thereafter, the obligation of the Lenders to make or maintain LIBOR Revolving Loans hereunder shall be suspended until the Agent revokes such notice in writing.

  • Any amounts remaining after each such application shall be applied to prepay LIBOR Term Loans or LIBOR Revolving Loans, as applicable.

  • Promptly after receipt of a Notice of Borrowing (or telephonic notice in lieu thereof), the Administrative Agent shall elect to apply to such requested Borrowing the terms of Section 1.2(g) with respect to the funding of new LIBOR Revolving Loans, or the terms of Section 1.2(h) with respect to all other Revolving Loans.

  • If the Borrower does not revoke such Notice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Rate Revolving Loans instead of LIBOR Revolving Loans.

  • Each Notice of Borrowing shall be irrevocable and shall specify (w) the principal amount of the Borrowing, (x) the requested funding date (which must be a Business Day), (y) whether the Borrowing is to be made as Base Rate Revolving Loans or LIBOR Revolving Loans, and (z) in the case of LIBOR Revolving Loans, the duration of the applicable Interest Period (which shall be deemed to be one month if not specified).

  • Any payment of a LIBOR Revolving Loan prior to the end of its Interest Period shall be accompanied by all amounts due under Section 3.9. Any prepayment of Revolving Loans shall be applied first to Base Rate Revolving Loans and then to LIBOR Revolving Loans.

  • Such notice must be received by the Agent no later than 11:00 a.m. (i) on the Business Day of the requested funding date, in the case of Base Rate Revolving Loans, and (ii) at least three Business Days prior to the requested funding date, in the case of LIBOR Revolving Loans.

  • Thereafter, the obligation of the Lender to make or maintain LIBOR Revolving Loans hereunder shall be suspended until the Lender revokes such notice in writing.

  • The Agent shall endeavor to notify the Lenders of each Notice of Borrowing (or deemed request for a Borrowing) by 12:00 noon on the proposed funding date for Base Rate Revolving Loans or by 3:00 p.m. at least two Business Days before any proposed funding of LIBOR Revolving Loans.

  • Borrowers may prepay Revolving Loans at any time, and reborrow subject to the terms of this Agreement; provided, however, that with respect to any LIBOR Revolving Loans prepaid by Borrowers prior to the expiration date of the Interest Period applicable thereto, Borrowers agree to pay to Agent for the account of Lenders the amounts described in Paragraph 2.14.


More Definitions of LIBOR Revolving Loans

LIBOR Revolving Loans. Notice of Revolver Conversion", "Notice of Revolver Interest Period Selection", "Reference Rate Revolving Loan" and "Reference Rate Revolving Loans" and "Yield Rate".
Sample 1
LIBOR Revolving Loans shall have the meanings given to those terms in Subsection 1.02(b)(i)(B).
Sample 1

Related to LIBOR Revolving 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.

  • ABR Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Article II.

  • LIBOR Revolver Loan a Revolver Loan that bears interest based on LIBOR. License: any license or agreement under which an Obligor is authorized to use Intellectual Property in connection with any manufacture, marketing, distribution or disposition of Collateral, any use of Property or any other conduct of its business.

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • 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.

  • Other Revolving Loans means the Revolving Loans made pursuant to any Other Revolving Commitment.

  • Pending Revolving Loans means, at any time, the aggregate principal amount of all Revolving Loans requested in any Notice of Borrowing received by the Agent which have not yet been advanced.

  • New Revolving Loans as defined in Section 2.25.

  • Base Rate Revolving Loan means a Revolving Loan that is a Base Rate Loan.

  • Canadian Revolving Loans means Revolving Loans made to the Canadian Borrower under Section 2.2, including Bankers’ Acceptance Advances.

  • U.S. Revolving Loans has the meaning set forth in Section 2.1(a).

  • Additional Revolving Loans means any revolving loan added hereunder pursuant to Section 2.22, 2.23 or 9.02(c)(ii).

  • Other Revolving Credit Loans means one or more Classes of Revolving Credit Loans that result from a Refinancing Amendment.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Revolving Credit Loans as defined in Section 2.1.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Existing Revolving Loans has the meaning specified in Section 2.7(a).

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

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

  • Revolving Credit Advances means advances of principal on the Revolving Credit Loan by the Bank under the terms of this Loan Agreement to the Borrower during the term of the Revolving Credit Loan pursuant to Section 3.1.

  • Refinancing Revolving Loans means one or more Classes of Revolving Loans that result from a Refinancing Amendment.

  • LIBOR Rate Loans means the Loans bearing interest with reference to the LIBOR Rate.

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • Canadian Revolving Loan means Loans made by a Lender in respect of its Canadian Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(c) and/or Section 2.24.

  • Existing Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).