LIBOR Borrowings Sample Clauses

LIBOR Borrowings. For the Principal Debt of a LIBOR Borrowing: The LIBOR Rate applicable to its Interest Period.
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LIBOR Borrowings. The election of LIBOR Rates shall be subject to the following terms and requirements: (a) The interest period during which the LIBOR Rate will be in effect will be one, two, three or six months. The first day of the interest period must be a day other than a Saturday or a Sunday on which banks are open for business in New York and London and dealing in offshore dollars (a “LIBOR Banking Day”). The last day of the interest period and the actual number of days during the interest period will be determined by the Lender using the practices of the London inter-bank market. (b) Each advance (a “LIBOR Rate Portion”) will be for an amount not less than One Hundred Thousand Dollars ($100,000). (c) The Borrower shall irrevocably request a LIBOR Rate Portion no later than 12:00 noon eastern time on the LIBOR Banking Day preceding the day on which the London Inter-Bank Offered Rate will be set, as specified above. For example, if there are no intervening holidays or weekend days in any of the relevant locations, the request must be made at least three days before the LIBOR Rate takes effect. (d) The Lender will have no obligation to accept an election for a LIBOR Rate Portion if any of the following described events has occurred and is continuing: (i) Dollar deposits in the principal amount, and for periods equal to the interest period, of a LIBOR Rate Portion are not available in the London inter-bank market; or (ii) the LIBOR Rate does not accurately reflect the cost of a LIBOR Rate Portion. (e) Each prepayment of a LIBOR Rate Portion, whether voluntary, by reason of acceleration or otherwise, will be accompanied by the amount of accrued interest on the amount prepaid and a prepayment fee as described below. A “prepayment” is a payment of an amount on a date earlier than the scheduled payment date for such amount as required by this Agreement.
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LIBOR Borrowings. Upon request by the Borrower by telephone at or prior to 10:00 a.m. (Toronto time) on the second Banking Day before the commencement of any Interest Period for a LIBOR Borrowing, the Lender shall inform the Borrower of the prevailing LIBOR Rate for 30, 60, 90 or 180 days, as requested by the Borrower, subject to the availability of any such Interest Period to the Lender. If the Borrower wishes to obtain a LIBOR Borrowing, the Borrower shall then confirm to the Lender the duration of the Interest Period for the requested LIBOR Borrowing, subject to Section 4.07.
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LIBOR Borrowings. 18 Section 4.07
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LIBOR Borrowings. Unless the Agent and the Majority Lenders consent in writing and notwithstanding any other provision in the Credit Agreement to the contrary, from and after November 8, 2001 Borrower may not request or elect any LIBOR Rate Loans.
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LIBOR Borrowings. Any term or provision of the Credit Agreement or any other Loan Document to the contrary notwithstanding (including, without limitation, Sections 2.3 and 2.4 of the Credit Agreement), (i) Borrowings of LIBO Rate Loans made during the Waiver Period may only have Interest Periods of a duration which does not exceed the earlier of (x) one month and (y) March 31, 2004, and (ii) any Loans which, pursuant to Section 2.4 of the Credit Agreement are either continued as or converted into LIBO Rate Loans at any time during the Waiver Period may only have Interest Periods of a duration which does not exceed the earlier of (x) one month and (y) March 31,
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LIBOR Borrowings 
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Related to LIBOR Borrowings

  • LIBOR Loans Subject to the provisions hereof and provided that the Borrower has, by giving notice to the Administrative Agent in accordance with Section 5.2, requested the Lenders to continue to extend credit by way of a LIBOR Loan to replace all or a portion of an outstanding LIBOR Loan as it matures, each Lender shall, on the maturity of such LIBOR Loan, continue to extend credit to the Borrower by way of a LIBOR Loan (without a further advance of funds to the Borrower) in the principal amount equal to such Lender’s Pro Rata Share of the principal amount of the matured LIBOR Loan or the portion thereof to be replaced.

  • Eurodollar Loans The Loans comprising each Eurodollar Borrowing shall bear interest at the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus the Applicable Margin, but in no event to exceed the Highest Lawful Rate.

  • Eurocurrency Loans The Loans constituting each Eurocurrency Borrowing shall bear interest at a rate per annum equal to the Adjusted LIBO Rate for the related Interest Period for such Borrowing plus the Applicable Margin.

  • LIBOR Rate Loans During such periods as Revolving Loans shall be comprised of LIBOR Rate Loans, each such LIBOR Rate Loan shall bear interest at a per annum rate equal to the sum of the LIBOR Rate plus the Applicable Percentage. Interest on Revolving Loans shall be payable in arrears on each Interest Payment Date.

  • Revolving Borrowings Subject to the terms and conditions set forth herein, each Revolving Lender severally agrees to make loans (each such loan, a “Revolving Loan”) to the Borrower, in Dollars, from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to any Revolving Borrowing, (i) the Total Revolving Outstandings shall not exceed the Revolving Facility, and (ii) the Revolving Exposure of any Lender shall not exceed such Revolving Lender’s Revolving Commitment. Within the limits of each Revolving Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow Revolving Loans, prepay under Section 2.05, and reborrow under this Section 2.01(b). Revolving Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein; provided, however, any Revolving Borrowings made on the Closing Date or any of the three (3) Business Days following the Closing Date shall be made as Base Rate Loans unless the Borrower delivers a Funding Indemnity Letter not less than three (3) Business Days prior to the date of such Revolving Borrowing.