{"component": "clause", "props": {"groups": [{"samples": [{"hash": "4T6tksBlYcg", "uri": "/contracts/4T6tksBlYcg#libor-loan", "label": "Credit Agreement (Voyager Oil & Gas, Inc.)", "score": 23.5790557861, "published": true}, {"hash": "lo2YeHRu5yv", "uri": "/contracts/lo2YeHRu5yv#libor-loan", "label": "Credit Agreement (Voyager Oil & Gas, Inc.)", "score": 21.1218338013, "published": true}], "snippet_links": [{"key": "if-borrower", "type": "clause", "offset": [0, 11]}, {"key": "selection-notice", "type": "definition", "offset": [38, 54]}, {"key": "the-revolving-loan", "type": "clause", "offset": [80, 98]}, {"key": "the-prime-rate", "type": "definition", "offset": [121, 135]}, {"key": "base-rate-loan", "type": "clause", "offset": [150, 164]}], "size": 2, "snippet": "If Borrower fails to timely deliver a Selection Notice, then such Advance under the Revolving Loan will bear interest at the Prime Rate and will be a Base Rate Loan.", "hash": "15f221b99e887a592629bc01de845815", "id": 5}, {"samples": [{"hash": "hGuH5UMmPoS", "uri": "/contracts/hGuH5UMmPoS#libor-loan", "label": "Bridge Loan Agreement (MF Merger Sub Corp.)", "score": 23.9637241364, "published": true}, {"hash": "cASha2cSjAA", "uri": "/contracts/cASha2cSjAA#libor-loan", "label": "Credit Agreement (Microfinancial Inc)", "score": 23.9609851837, "published": true}, {"hash": "aPUKVEHHX1T", "uri": "/contracts/aPUKVEHHX1T#libor-loan", "label": "Credit Agreement (Microfinancial Inc)", "score": 23.9609851837, "published": true}], "snippet_links": [{"key": "any-loan", "type": "clause", "offset": [0, 8]}, {"key": "with-reference-to", "type": "clause", "offset": [47, 64]}, {"key": "libor-rate", "type": "clause", "offset": [69, 79]}], "size": 17, "snippet": "Any Loan bearing interest at a rate determined with reference to the LIBOR Rate.", "hash": "f2aaf308424542587f6438a9a8cca970", "id": 1}, {"samples": [{"hash": "2Ca4YSkm0GD", "uri": "/contracts/2Ca4YSkm0GD#libor-loan", "label": "Revolving Credit and Term Loan Agreement (Mac-Gray Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "revolving-credit-loan", "type": "definition", "offset": [4, 25]}, {"key": "the-term-loan", "type": "clause", "offset": [40, 53]}, {"key": "with-reference-to", "type": "clause", "offset": [92, 109]}, {"key": "adjusted-libor-rate", "type": "clause", "offset": [114, 133]}], "size": 5, "snippet": "Any Revolving Credit Loan or portion of the Term Loan bearing interest at a rate determined with reference to the Adjusted LIBOR Rate.", "hash": "90a56f64f9a3bc20167fde66e6da5624", "id": 2}, {"samples": [{"hash": "cgHbTdKPDEF", "uri": "/contracts/cgHbTdKPDEF#libor-loan", "label": "Loan and Security Agreement (Ic Isaacs & Co Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "interest-rate", "type": "definition", "offset": [36, 49]}, {"key": "applicable-interest-period", "type": "definition", "offset": [164, 190]}], "size": 4, "snippet": "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.", "hash": "cf24e9cb26dab139fe3ac7cc8680ff35", "id": 3}, {"samples": [{"hash": "hcSXSfnCfmw", "uri": "/contracts/hcSXSfnCfmw#libor-loan", "label": "Credit Agreement (Us Ecology, Inc.)", "score": 21.8323059082, "published": true}, {"hash": "hfQGmqkOMiY", "uri": "/contracts/hfQGmqkOMiY#libor-loan", "label": "Revolving Credit Agreement (American Ecology Corp)", "score": 21.0, "published": true}], "snippet_links": [{"key": "each-loan", "type": "clause", "offset": [0, 9]}, {"key": "loan-shall", "type": "definition", "offset": [26, 36]}, {"key": "per-annum", "type": "definition", "offset": [68, 77]}, {"key": "equal-to", "type": "definition", "offset": [83, 91]}, {"key": "adjusted-libor-interest-rate", "type": "definition", "offset": [96, 124]}, {"key": "applicable-interest-period", "type": "definition", "offset": [133, 159]}, {"key": "increased-by", "type": "clause", "offset": [186, 198]}, {"key": "applicable-libor-margin", "type": "definition", "offset": [203, 226]}, {"key": "changes-to-the", "type": "definition", "offset": [248, 262]}, {"key": "libor-loans-outstanding", "type": "clause", "offset": [295, 318]}], "size": 2, "snippet": "Each Loan that is a LIBOR Loan shall bear interest at a fluctuating per annum rate equal to the Adjusted LIBOR Interest Rate for the applicable Interest Period, as quotes are available, increased by the applicable LIBOR Margin set forth below. 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"from-time-to-time", "type": "clause", "offset": [2192, 2209]}, {"key": "bank-of-america", "type": "definition", "offset": [2229, 2244]}, {"key": "national-trust", "type": "definition", "offset": [2245, 2259]}, {"key": "savings-association", "type": "definition", "offset": [2264, 2283]}, {"key": "making-of-loans", "type": "clause", "offset": [2372, 2387]}, {"key": "indebtedness-of-the-company", "type": "definition", "offset": [2499, 2526]}, {"key": "resulting-from", "type": "definition", "offset": [2527, 2541]}, {"key": "provisions-for", "type": "clause", "offset": [2605, 2619]}, {"key": "mandatory-and-optional-prepayments", "type": "clause", "offset": [2713, 2747]}, {"key": "prior-to-the", "type": "clause", "offset": [2810, 2822]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [2844, 2868]}, {"key": "terms-of-this-note", "type": "clause", "offset": [2892, 2910]}, {"key": "subject-to", "type": "definition", "offset": [2915, 2925]}, {"key": "amendment-only", "type": "clause", "offset": [2926, 2940]}, {"key": "reference-herein-to", "type": "definition", "offset": [2992, 3011]}, {"key": "provision-of", "type": "clause", "offset": [3040, 3052]}, {"key": "absolute-and-unconditional", "type": "clause", "offset": [3149, 3175]}, {"key": "principal-of", "type": "definition", "offset": [3188, 3200]}, {"key": "company-promises", "type": "clause", "offset": [3309, 3325]}, {"key": "costs-and-expenses", "type": "clause", "offset": [3337, 3355]}, {"key": "reasonable-attorneys", "type": "definition", "offset": [3367, 3387]}, {"key": "enforcement-of", "type": "clause", "offset": [3426, 3440]}, {"key": "hereby-waives", "type": "clause", "offset": [3464, 3477]}, {"key": "except-as-provided-in", "type": "clause", "offset": [3519, 3540]}, {"key": "notice-of-every", "type": "clause", "offset": [3574, 3589]}, {"key": "permitted-by-law", "type": "clause", "offset": [3619, 3635]}, {"key": "right-to", "type": "definition", "offset": [3641, 3649]}, {"key": "statute-of-limitations", "type": "clause", "offset": [3660, 3682]}, {"key": "laws-of-the-state-of-new-york", "type": "clause", "offset": [3791, 3820]}, {"key": "choice-of-law", "type": "definition", "offset": [3850, 3863]}], "size": 2, "snippet": "The following LIBOR Loan: (there must not, after giving effect to the requested Loan, be more than five (5) different LIBOR Loans in effect) Amount: $ Requested Borrowing Date: (must be a Business Day at least three (3) Business Days after date of notice) Interest Period: (1,2,3, or 6 months) EXHIBIT B TO ACQUISITION SUB CREDIT AGREEMENT FORM OF PROMISSORY NOTE May ___, 1997 $[3] [2] FOR VALUE RECEIVED, AIMCO/NHP Holdings, Inc., a Delaware corporation (the \"Company\"), promises to pay to the order of [4] (\"Lender\") the principal amount of [5] ($ [3] ) or, if less, the aggregate amount of Loans (as such term and all other capitalized terms used but not defined herein are defined in the Credit Agreement referred to below) made by the Lender to the Company pursuant to the Credit Agreement referred to below, outstanding on the Maturity Date. The Company also promises to make principal payments and interest on the unpaid principal amount hereof from the date hereof until paid at the rates and at the times which shall be determined in accordance with the provisions of the Credit Agreement. All payments of principal and interest in respect of this Note shall be made in lawful money of the United States of America in same day funds at the Payment Office. Until notified of the transfer of this Note, the Company shall be entitled to deem the Lender or such person who has been so identified by the transferor in writing to the Company as the holder of this Note, as the owner and holder of this Note. The Lender and any subsequent holder of this Note agrees that before disposing of this Note, or any part hereof, it will make a notation hereon of all principal payments previously made hereunder of the date to which interest hereon has been paid on the schedule attached hereto, if any; PROVIDED, HOWEVER, that the failure to make notation of any payment made on this Note shall not limit or otherwise affect the obligation of the Company hereunder with respect to payments of principal or interest on this Note. This Note is referred to in, and is entitled to the benefits of, the Credit Agreement dated as of May 5, 1997 (the \"CREDIT AGREEMENT\") among the Company, the lenders from time to time party thereto, and Bank of America National Trust and Savings Association, as Agent (the \"Agent\"). The Credit Agreement, among other things, (i) provides for the making of loans (the \"LOANS\") by the Lender to the Company from time to time in an aggregate amount first above mentioned, the indebtedness of the Company resulting from each such Loan being evidenced by this Note, and (ii) contains provisions for acceleration of the maturity hereof upon the happening of certain stated events and also for mandatory and optional prepayments on account of principal hereof and certain principal payments prior to the maturity hereof upon the terms and conditions therein specified. The terms of this Note are subject to amendment only in the manner provided in the Credit Agreement. No reference herein to the Credit Agreement and no provision of this Note or the Credit Agreement shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and interest on this Note at the place, at the respective times, and in the currency herein prescribed. The Company promises to pay all costs and expenses, including reasonable attorneys' fees, incurred in the collection and enforcement of this Note. The Company hereby waives diligence, presentment, and protest, and except as provided in the Credit Agreement, demand and notice of every kind and, to the full extent permitted by law, the right to plead any statute of limitations as a defense to any demand hereunder. This Note shall be governed by, and construed in accordance with, the laws of the state of New York without giving effect to its choice of law doctrine.", "hash": "9313ebaac776d33d9fea65d96bb77313", "id": 6}, {"samples": [{"hash": "dFTfKojMZUP", "uri": "/contracts/dFTfKojMZUP#libor-loan", "label": "Credit Agreement (Viisage Technology Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "revolving-credit-loan", "type": "definition", "offset": [4, 25]}, {"key": "with-reference-to", "type": "clause", "offset": [75, 92]}, {"key": "libor-rate", "type": "clause", "offset": [97, 107]}, {"key": "with-respect-to", "type": "clause", "offset": [121, 136]}, {"key": "interest-period", "type": "clause", "offset": [160, 175]}, {"key": "rate-of-interest", "type": "clause", "offset": [192, 208]}, {"key": "by-the-lender", "type": "clause", "offset": [220, 233]}, {"key": "prevailing-rate", "type": "definition", "offset": [244, 259]}, {"key": "per-annum", "type": "definition", "offset": [260, 269]}, {"key": "libor-market", "type": "definition", "offset": [368, 380]}, {"key": "boston-time", "type": "clause", "offset": [440, 451]}, {"key": "business-days", "type": "definition", "offset": [457, 470]}, {"key": "day-of", "type": "clause", "offset": [488, 494]}, {"key": "equal-to", "type": "definition", "offset": [543, 551]}, {"key": "the-principal-amount", "type": "definition", "offset": [552, 572]}, {"key": "to-apply", "type": "clause", "offset": [624, 632]}, {"key": "period-of-time", "type": "clause", "offset": [639, 653]}], "size": 2, "snippet": "Any Revolving Credit Loan bearing interest at a rate ---------- determined with reference to the LIBOR Rate. LIBOR Rate. With respect to any LIBOR Loan for any Interest Period, the ---------- rate of interest determined by the Lender to be the prevailing rate per annum at which deposits in U.S. Dollars are offered to the Lender by first-class banks in the interbank LIBOR market in which it regularly participates on or about 10:00 a.m. (Boston time) two Business Days before the first day of such Interest Period in an amount approximately equal to the principal amount of the LIBOR Loan to which such Interest Period is to apply for a period of time approximately equal to such Interest Period.", "hash": "0418ca300ca319d20546960171faafec", "id": 7}, {"samples": [{"hash": "8iG3SmmASHg", "uri": "/contracts/8iG3SmmASHg#libor-loan", "label": "Equipment Facility and Revolving Credit Agreement (Vestcom International Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-term", "type": "clause", "offset": [0, 8]}, {"key": "any-loan", "type": "clause", "offset": [28, 36]}, {"key": "at-all-times", "type": "definition", "offset": [37, 49]}], "size": 1, "snippet": "The term \"LIBOR Loan\" means any Loan at all times during which such Loan bears interest based upon LIBOR.", "hash": "eadd91ac80689cac5331abab856c8e6b", "id": 8}, {"samples": [{"hash": "k084y9GkKfz", "uri": "/contracts/k084y9GkKfz#libor-loan", "label": "Term Loan Credit Agreement (Universal Corp /Va/)", "score": 18.0, "published": true}], "snippet_links": [{"key": "loan-shall", "type": "definition", "offset": [32, 42]}, {"key": "per-annum", "type": "definition", "offset": [101, 110]}, {"key": "equal-to", "type": "definition", "offset": [116, 124]}, {"key": "sum-of", "type": "clause", "offset": [129, 135]}, {"key": "libor-rate", "type": "clause", "offset": [140, 150]}, {"key": "applicable-percentage", "type": "definition", "offset": [160, 181]}, {"key": "interest-on-the-term-loan", "type": "clause", "offset": [183, 208]}, {"key": "in-arrears", "type": "definition", "offset": [226, 236]}, {"key": "interest-payment-date", "type": "definition", "offset": [245, 266]}], "size": 1, "snippet": "During such periods as the Term Loan shall be a LIBOR Loan, such LIBOR Loan shall bear interest at a per annum rate equal to the sum of the LIBOR Rate plus the Applicable Percentage. Interest on the Term Loan shall be payable in arrears on each Interest Payment Date.", "hash": "23fe0b6d034f404e6c6b314ba9d092a0", "id": 9}, {"samples": [{"hash": "fHyniCzk3Ee", "uri": "/contracts/fHyniCzk3Ee#libor-loan", "label": "Credit Agreement", "score": 30.2578907013, "published": true}], "snippet_links": [{"key": "the-borrower-hereby", "type": "clause", "offset": [0, 19]}, {"key": "date-hereof", "type": "clause", "offset": [45, 56]}], "size": 1, "snippet": "The Borrower hereby certifies that as at the date hereof:", "hash": "de52325f432002c98d25802c794d5991", "id": 10}], "next_curs": "ClMSTWoVc35sYXdpbnNpZGVyY29udHJhY3Rzci8LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhNsaWJvci1sb2FuIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"parents": [["the-credit-facility-letters-of-credit-interest-and-fees", "The Credit Facility Letters of Credit Interest and Fees"], ["interest-rate-adjustments", "Interest Rate Adjustments"], ["interest", "Interest"], ["binding-effect", "Binding Effect"], ["relationship", "RELATIONSHIP"]], "title": "LIBOR Loan", "size": 59, "children": [["", ""], ["representations-and-warranties", "REPRESENTATIONS AND WARRANTIES"], ["no-default-event-of-default", "NO DEFAULT; EVENT OF DEFAULT"], ["libor-loan", "LIBOR Loan"], ["facility", "Facility"]], "id": "libor-loan", "related": [["libor-loans", "LIBOR Loans", "<strong>LIBOR Loans</strong>"], ["libor-rate-loans", "LIBOR Rate Loans", "LIBOR Rate Loans"], ["eurodollar-rate-loans-after-default", "Eurodollar Rate Loans After Default", "Eurodollar Rate Loans After Default"], ["fixed-rate-loans", "Fixed Rate Loans", "Fixed Rate Loans"], ["eurocurrency-rate-advances", "Eurocurrency Rate Advances", "Eurocurrency Rate Advances"]], "related_snippets": [], "updated": "2026-03-20T05:48:33+00:00", "also_ask": ["What fallback provisions should be included to address LIBOR discontinuation?", "How can parties negotiate interest rate adjustment mechanisms to minimize risk?", "What are the key legal risks if the LIBOR benchmark becomes unavailable?", "How do LIBOR loan clauses compare to SOFR or other alternative rate clauses?", "What factors determine the enforceability of LIBOR-based interest calculations in court?"], "drafting_tip": "Specify the applicable LIBOR rate and calculation method to prevent disputes; define fallback provisions to address LIBOR discontinuation; clarify interest adjustment mechanisms to ensure payment certainty.", "explanation": "A LIBOR Loan clause defines the terms under which a loan's interest rate is calculated based on the London Interbank Offered Rate (LIBOR). This clause typically specifies how the applicable LIBOR rate is determined for each interest period, outlines the frequency of rate adjustments, and may address what happens if LIBOR becomes unavailable or is replaced. By establishing a clear method for setting interest rates tied to a widely recognized benchmark, the clause ensures transparency and predictability for both lenders and borrowers regarding interest payments."}, "json": true, "cursor": ""}}