Common use of LIBO Rate Advances Clause in Contracts

LIBO Rate Advances. If such Advance is a LIBO Rate Advance, a rate per annum for the Interest Period for such Advance, equal to the sum of the LIBO Rate for such Interest Period plus the Applicable Margin for LIBO Rate Advances as in effect from time to time, payable on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on the three-month anniversary of the first day of such Interest Period, and on the date such LIBO Rate Advance shall be Converted or paid in full.

LIBO Rate Advances. If During such periods as such Advance is a LIBO Rate Advance, a rate per annum for the equal at all times during each Interest Period for such Advance, equal Advance to the sum of (x) the LIBO Rate for such Interest Period for such Advance plus (y) the Applicable Margin for LIBO Interest Rate Advances as in effect from time to timeMargin, 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 the three-month anniversary of each day that occurs during such Interest Period every three months from the first day of such Interest Period, and on the date such LIBO Rate Advance shall be Converted or paid in full.