LIBOR Rate Loan. During such periods as the Term Loan 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 the Term Loan shall be payable in arrears on each Interest Payment Date.
LIBOR Rate Loan. For a Libor Rate Loan, a rate per annum equal at all times during each Libor Rate Period of such Revolving Credit Loan to the sum of the Libor Rate for such Libor Rate Period plus the Applicable Margin. All accrued and unpaid interest on the Revolving Credit Loans will be payable in arrears on each Quarterly Date, regardless of interest rate, and shall be calculated based on a 360 day year. The Agent shall be entitled to charge the applicable Borrower's account with the applicable interest rate(s) until all such Obligations have been paid in full. The interest rate on Chase Manhattan Bank Rate Loans shall change when the Chase Manhattan Bank Rate changes. Interest on the Chase Manhattan Bank Rate Loans and the Libor Rate Loans shall not exceed the maximum amount permitted under applicable Law. Upon the occurrence of an Event of Default interest will accrue at the Default Rate of Interest as provided in Section 12.02. Agent shall determine each interest rate applicable to the Revolving Credit Loans hereunder. Agent shall give prompt notice to the applicable Borrower and each Lender of each rate of interest so determined, and its determination thereof shall be conclusive in the absence of manifest error.
LIBOR Rate Loan. LIBOR Rate Loan shall mean the total Advances accruing interest based on the LIBOR Rate Option set forth in Section 2.01(c)(ii) hereof. LIBOR Rate Option. LIBOR Rate Option has the meaning given such term in Section 2.01(c)(ii) hereof.
LIBOR Rate Loan. Any Revolving Credit Loan which bears interest that is calculated by reference to the LIBOR Rate.
LIBOR Rate Loan. For a Libor Rate Loan, a rate per annum equal at all times during each Libor Rate Period of such Revolving Credit Loan or Capex Loan to the sum of the Libor Rate for such Libor Rate Period plus the Applicable Margin. All accrued and unpaid interest on the Revolving Credit Loans (including accrued and unpaid interest under the September 1999 Agreement as of the Closing Date) and Capex Loans will be payable in arrears on each Quarterly Payment Date, regardless of interest rate, and shall be calculated based on a 360 day year. The Agent shall be entitled to charge the applicable Borrower’s account with the applicable interest rate(s) until all such Obligations have been paid in full. The interest rate on Chase Manhattan Bank Rate Loans shall change when the Chase Manhattan Bank Rate changes. Interest on the Chase Manhattan Bank Rate Loans and the Libor Rate Loans shall not exceed the maximum amount permitted under applicable Law. Upon the occurrence of an Event of Default interest will accrue at the Default Rate of Interest as provided in Section 12.02. Agent shall determine each interest rate applicable to the Revolving Credit Loans and Capex Loans hereunder. Agent shall give prompt notice to the applicable Borrower and each Lender of each rate of interest so determined, and its determination thereof shall be conclusive in the absence of manifest error.
LIBOR Rate Loan. The definition of “LIBOR Rate Loan” is added to read as follows:
LIBOR Rate Loan. In the case of a Libor Rate Loan, such notice shall be given not later than 12:00 Noon (New York time) two (2) Business Days prior to the proposed commencement date of a LIBOR Rate Period.
LIBOR Rate Loan. For a LIBOR Rate Loan, a rate per annum equal at all times during each Interest Period of such Loan to the sum of the LIBOR Rate for such Interest Period plus the Applicable Margin. The interest rate on Prime Rate Loans on any day shall be the Prime Rate in effect on the first Business Day of the month in which such day occurs. Interest on the Prime Rate Loans and the LIBOR Rate Loans shall not exceed the maximum amount permitted under applicable Law. Applicable Agent shall determine each interest rate applicable to the Loans hereunder. Applicable Agent shall give prompt notice to Borrower and each appropriate Lender of each rate of interest so determined, and its determination thereof shall be conclusive in the absence of manifest error.
LIBOR Rate Loan. Borrower shall pay to the Applicable Agent for the account of the applicable Lender, upon the request of such Lender through the Applicable Agent, such amount or amounts as shall be sufficient (in the reasonable opinion of such Lender) to compensate it for any loss, cost or expense which such Lender determines is attributable to:
(a) any payment, prepayment, conversion or continuation of a LIBOR Rate Loan made by such Lender on a date other than the last day of an Interest Period for such Loan whether by reason of acceleration or otherwise; or
(b) any failure by the Borrower for any reason to borrow, convert or continue a LIBOR Rate Loan to be made, converted or continued by such Lender on the date specified therefor in the relevant Notice of Borrowing or Notice of Interest Rate Selection issued by the Borrower. Without limiting the foregoing, such compensation ("Broken Funding Fee") shall include an amount equal to the excess, if any, of (1) the amount of interest which otherwise would have accrued on the principal amount so paid, prepaid, converted or continued or not borrowed, converted or continued for the period from the date of such payment, prepayment, conversion or continuation or failure to borrow, convert or continue to the last day of the then current Interest Period for such LIBOR Rate Loan (or, in the case of a failure to borrow, convert or continue, to the last day of the Interest Period for such LIBOR Rate Loan which would have commenced on the date specified therefor in the relevant Notice) at the applicable rate of interest for such LIBOR Rate Loan provided for herein; over (2) the amount of interest (as reasonably determined by such Lender) which such Lender, or in the case of CIT-EF or CIT-BC, Chemical Bank, N.A., would have bid in the London interbank market for Dollar deposits, for amounts comparable to such principal amount and maturities comparable to such period. A determination by a Lender as to the amounts payable pursuant to this Section 9.06 shall be conclusive absent manifest error.
