LIBO Rate Loans. The Loans constituting each LIBO Rate Borrowing shall bear interest at a rate per annum equal to the Applicable LIBO Rate for the Interest Period for such Borrowing.
LIBO Rate Loans. Accrued interest on LIBO Rate Loans with Interest Periods of one, two, three or six months shall be due and payable on the last day of such Interest Period. Accrued interest on LIBO Rate Loans with Interest Periods of six months shall be due and payable at the end of the third month and on the last day of the Interest Period.
LIBO Rate Loans. Each LIBO Rate Loan shall bear interest from its effective date on the unpaid principal amount thereof at Adjusted LIBO Rate plus the LIBO Rate Margin. Interest on LIBO Rate Loans shall be computed on the basis of a year of 360 days, for the actual days elapsed, and shall be payable on the last day of the applicable Interest Period.
LIBO Rate Loans. On three London Business Days' notice to First Union, Xxxxxx may, without penalty, at its option, prepay any LIBO Rate Loan in whole at any time or in part from time to time, provided that each partial prepayment shall be in the minimum principal amount of $1,000,000 or, if greater, then in multiples of $100,000 and, if less than $1,000,000 shall be outstanding, in principal amount equal to amount remaining outstanding provided that if it shall prepay a LIBO Rate Loan prior to the last day of the applicable Interest Period, or shall fail to borrow any LIBO Rate Loan on the date such Loan is to be made, it shall pay to each Bank, in addition to the principal and interest then to be paid in the case of a prepayment, on such date of prepayment, the Additional Amount incurred or sustained by such Bank as a result of such prepayment or failure to borrow as provided in Section 2.1.
LIBO Rate Loans. On three Business Day's notice to the Administrative Agent and the Banks, the Borrowers may, at their option prepay any LIBO Rate Loan provided that if they shall prepay a LIBO Rate Loan prior to the last day of the applicable Interest Period, or shall fail to borrow any LIBO Rate Loan on the date such Loan is to be made, they shall pay to each Bank, in addition to the principal and interest then to be paid in the case of a prepayment, on such date of prepayment, the Additional Amount incurred or sustained by such Bank as a result of such prepayment or failure to borrow.
LIBO Rate Loans. In anticipation of the expiry of each Interest Period for each LIBO Rate Loan the Principal Borrower shall do one or a combination of the following:
(i) request a Rollover of all or part of such LIBO Rate Loan in accordance with Section 2.6(a);
(ii) request a Conversion of all or part of such LIBO Rate Loan in accordance with Section 2.6(a); or
(iii) repay all or part of such LIBO Rate Loan before 12:00 noon (Toronto time) on the last day of such Interest Period with notice in accordance with Section 7.1(c). If and to the extent that the Principal Borrower fails to so notify the Agent, or to so pay the relevant LIBO Rate Loan in accordance with the foregoing, the Principal Borrower, in the case of a LIBO Rate Loan, shall be deemed to have requested a Conversion into a USBR Loan, in each case in an amount equal to that portion of the LIBO Rate Loan which is not rolled over, converted or repaid.
LIBO Rate Loans. During such periods as such Loan is a LIBO Rate Loan, a rate per annum equal at all times during each Interest Period for such Loan to the sum of (x) the LIBO Rate for such Interest Period for such Loan, plus (y) the Applicable Margin in effect from time to time, payable in arrears on (A) the last day of such Interest Period, (B) if such Interest Period has a duration of more than three (3) months, also on each day that occurs during such Interest Period every three (3) months from the first day of such Interest Period, (C) on the date on which such Loan shall be paid in full and (D) on the Maturity Date.
LIBO Rate Loans. During such periods as Revolving Loans shall be comprised of LIBO Rate Loans, each such LIBO Rate Loan shall bear interest at a per annum rate equal to the sum of the LIBO Rate plus the Applicable Margin. Interest on Revolving Loans shall be payable in arrears on each Interest Payment Date.
LIBO Rate Loans. Notwithstanding the provisions of (a) above, in the event Borrower desires to obtain a LIBO Rate Loan or an Alternate Currency LIBO Rate Loan, it shall give Agent at least three (3) Business Days' prior written notice; specifying (i) the date of the proposed borrowing (which shall be a Business Day), (ii) the type of borrowing and the amount to be borrowed, which amount on the date of such Loan shall be not less than (A) $1,000,000 and be an integral multiple of $500,000 with respect to LIBO Rate Loans, (B) Cdn 250,000 and be an integral multiple of Cdn 100,000 with respect to Canadian LIBO Rate Loans and (C) such amounts and such integral amounts as Agent may require in its discretion with respect to all other Alternate Currency LIBO Rate Loans (but in no event greater than a Dollar Equivalent equal to $250,000 or an integral multiple of $100,000), and (iii) the duration of the first Interest Period therefor. "Interest Periods" for LIBO Rate Loans and Alternate Currency LIBO Rate Loans shall be for one, two, three or six months. No LIBO Rate Loan or Xxxxxxxxx Xxxxxxxx XXXX Rate Loan shall be made available to Borrower during the continuance of an Incipient Event of Default or an Event of Default.
LIBO Rate Loans. During such periods as such Loan is a LIBO Rate Loan, a rate per annum equal at all times during each Interest Period for such Loan to the sum of (x) the LIBO Rate for such Interest Period for such Loan plus (y) the Applicable Interest Rate Margin in effect from time to time, 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 LIBO Rate Loan shall be Converted or paid in full either prior to or on the applicable Maturity Date.
