LIBOR-Based Rate. Each LIBOR-Based Rate Segment shall bear interest from the date the LIBOR-Based Rate becomes applicable thereto until the end of the applicable LIBOR-Based Rate Period on the unpaid principal balance of such LIBOR-Based Rate Segment at the LIBOR-Based Rate on an Actual/360 Basis. If an Event of Default exists, each LIBOR-Based Rate Segment shall bear interest from the date of such Event of Default until payment in full at a per annum rate (computed on an Actual/360 Basis) equal to two percent (2%) in excess of the LIBOR-Based Rate that would otherwise have been applicable.
LIBOR-Based Rate. Each LIBOR Loan shall bear interest from the ---------------- date the LIBOR-Based Rate becomes applicable thereto until the end of the applicable Interest Period on the unpaid principal balance of such Segment at the LIBOR-Based Rate on an Actual/360 Basis plus the applicable Margin.
LIBOR-Based Rate. The LIBOR-based interest rate is a rate per year. Interest will be paid as provided in Section 1.5. At the end of any interest period, the Borrower shall be deemed to have elected for the Portion a new interest rate based on the same LIBOR-based interest program for a one-month period, unless the Borrower provides different instructions to Lender. No Portion will be converted to a different interest rate during the applicable interest period. Upon the occurrence of an event of default under this Agreement, the Bank may terminate the availability of the LIBOR-based interest rate for interest periods commencing after the default occurs.
LIBOR-Based Rate. An Advance or the Loan, as the case may be, shall bear interest from the date a LIBOR-Based Rate becomes applicable thereto until the end of the applicable LIBOR-Based Rate Period on the unpaid principal balance of the Advance or the Loan, as the case may be, at the LIBOR-Based Rate on an Actual/360 Basis.
LIBOR-Based Rate. The LIBOR Rate plus the LIBOR Applicable Margin.
LIBOR-Based Rate. The term “LIBOR Based Rate” means the per annum rate equal to the LIBO Rate plus 300 basis points.
LIBOR-Based Rate. Except as otherwise provided in subsection (c) below, each Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the applicable LIBOR-based Rate for such day. Such interest shall be payable for each month in arrears on the first day of the immediately succeeding calendar month.
LIBOR-Based Rate. If the Borrower wishes to borrow funds under the Term Loan at the LIBOR-Based Rate or to change the rate of interest on the Term Loan or any portion of the Term Loan, subject to the terms and conditions of this Agreement, to the LIBOR-Based Rate, it will, at or before l1:00 A.M., Chicago time, on the date that is at least three (3) Business Days prior to such borrowing or change is to take effect, which will be a Business Day, give written or telephonic notice thereof, which is irrevocable. Each such notice shall be effective upon receipt by the Lender, shall be irrevocable, and shall specify the date, amount and the Interest Period therefor (but not to extend beyond the Scheduled Maturity Date unless the Lender consents otherwise). Subject to the other terms and conditions hereof, the LIBOR-Based Rate as selected for any principal shall remain fixed for the particular Interest Period.
LIBOR-Based Rate. Subject to the terms and conditions set forth below and unless subject to the Prime Based Rate, all Obligations (other than contingent reimbursement obligations owing to Lender under any outstanding L/Cs) shall bear interest at the LIBOR Based Rate.
