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Common use of LIBOR Loan Clause in Contracts

LIBOR Loan. When a LIBOR Loan is selected, such interest rate shall be fixed for each Interest Period for which it is determined and shall apply for that Loan until the end of applicable Interest Period.

Appears in 1 contract

Samples: Loan and Security Agreement (Ic Isaacs & Co Inc)

LIBOR Loan. When a LIBOR Loan is selected, such interest rate shall be fixed for each Interest Period for which it is determined and shall apply for that Loan until the end of applicable Interest Periodanother interest rate option is selected by Borrower for that Loan.

Appears in 1 contract

Samples: Loan and Security Agreement (Impax Laboratories Inc)

LIBOR Loan. When a LIBOR Loan is selected, such interest rate shall be fixed for each Interest Period for which it is determined and shall apply for that Loan until the end of applicable Interest Periodanother interest rate option is selected by Borrowers for that Loan.

Appears in 1 contract

Samples: Loan and Security Agreement (Emerson Radio Corp)

LIBOR Loan. When a LIBOR Loan is selected, such interest rate shall be fixed for each Interest Period for which it is determined and shall apply for that Loan until the end of applicable Interest Periodanother interest rate option is selected by Borrowers' Representative for that Loan.

Appears in 1 contract

Samples: Loan and Security Agreement (Proxymed Inc /Ft Lauderdale/)