Common use of LIBO Rate Clause in Contracts

LIBO Rate. Each LIBO Rate Loan shall bear interest on the principal amount thereof from the date made until such Loan is paid in full, renewed, or converted, at a rate per annum equal to the LIBO Rate plus the Applicable Borrowing Margin. After receipt of a request for a LIBO Rate Loan, the Administrative Agent shall proceed to determine the LIBO Rate to be applicable thereto. The Administrative Agent shall give prompt notice by telephone or facsimile to the Borrowers of the LIBO Rate thus determined in respect of each LIBO Rate Loan or any change therein.

LIBO Rate. Each LIBO Rate Loan shall bear interest on the principal amount thereof from the date made until such Loan is paid in full, renewed, or converted, at a rate per annum equal to the LIBO Rate plus the Applicable Borrowing LIBO Rate Margin. After receipt of a request for a LIBO Rate Loan, the Administrative Agent First Union shall proceed to determine the LIBO Rate to be applicable thereto. The Administrative Agent First Union shall give prompt notice by telephone or facsimile to the Borrowers of the LIBO Rate thus determined in respect of each LIBO Rate Loan or any change therein.

LIBO Rate. Each LIBO Rate Loan shall bear interest on the principal amount thereof from the date made until such Loan is paid in full, renewed, or converted, at a rate per annum equal to the LIBO Rate plus the Applicable Borrowing Margin187.5 basis points. After receipt of a request for a LIBO Rate Loan, the Administrative Agent Bank shall proceed to determine the LIBO Rate to be applicable thereto. The Administrative Agent Bank shall give prompt notice by telephone or facsimile to the Borrowers ABL or FLC, as applicable, of the LIBO Rate thus determined in respect of each LIBO Rate Loan or any change therein. Not more than six LIBO Rate Loans shall be in existence at any one time.