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-Based Rate Segment 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 LIBOR-Based Rate Segment at the LIBOR-Based Rate on an Actual/360 Day Basis.
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. 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 Borrowers elect a LIBOR Based Rate for an Advance, that Advance shall carry a rate equal to:
LIBOR-Based Rate. If the Borrowers elect a LIBOR Based Rate for an Interest Period, the outstanding balance of the Term Loan for that Interest Period shall carry an interest rate per annum equal to:
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.
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. For any given LIBOR Portion for its corresponding Contract Period, the sum of (1) the quotient of (a) LIBOR divided by (b) one minus the Reserve Requirement, if required by present or future regulations imposed by any United States federal, state or other governmental monetary authority (expressed as a decimal and rounded upward, if necessary, to the next higher 1/100 of 1%), plus (2) 1.30% per annum computed on the actual number of days elapsed and a year computed on the basis of a three hundred sixty (360)-day year.
