Common use of LIBOR Rate Clause in Contracts

LIBOR Rate. 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 month, two months or three 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 Bank using the practices of the London inter-bank market. (b) Each LIBOR Rate portion will be for an amount not less than One Hundred Thousand and 00/100 Dollars ($100,000.00).

Appears in 4 contracts

Samples: Loan Agreement (Wayfair Inc.), Loan Agreement (Wayfair Inc.), Loan Agreement (Wayfair Inc.)

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LIBOR Rate. The election of LIBOR Rates shall be subject to the following terms and requirements: (a) The Interest interest period during which the LIBOR Rate will be in effect will be one monthone, two months three, six, nine or three twelve months. The first day of the interest period must be a day other than a Saturday or a Sunday on which banks are the Bank is open for business in New York and London and dealing in offshore dollars (a "LIBOR Banking Day"). The last day of the Interest interest period and the actual number of days during the Interest interest period will be determined by the Bank using the practices of the London inter-bank market. (b) Each LIBOR Rate portion Portion will be for an amount not less than One Five Hundred Thousand and 00/100 Dollars ($100,000.00500,000).

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement

LIBOR Rate. The election of the LIBOR Rates Rate shall be subject to the following terms and requirements: (a) The Interest interest period during which the LIBOR Rate will be in effect will be 30, 60 or 90 days or one month, two months or three monthsyear. 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 interest period and the actual number of days during the Interest interest period will be determined by the Bank using the practices of the London inter-bank market. (b) Each LIBOR Rate portion Portion will be for an amount not less than One Five Hundred Thousand and 00/100 Dollars ($100,000.00500,000).

Appears in 2 contracts

Samples: Loan Agreement (Point 360), Loan Agreement (Point.360)

LIBOR Rate. The election of LIBOR Rates shall be subject to the following terms and requirements: (a) The Interest interest period during which the LIBOR Rate will be in effect will be one month, two months, three months or three 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 interest period and the actual number of days during the Interest interest period will be determined by the Bank using the practices of the London inter-bank market. (b) Each LIBOR Rate portion will be for an amount not less than One Hundred Thousand and 00/100 Dollars ($100,000.00)) or a whole multiple of $100,000 in excess thereof.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (BJs RESTAURANTS INC)

LIBOR Rate. The election of LIBOR Rates shall be subject to the following terms and requirements: (a) The Interest interest period during which the LIBOR Rate will be in effect will be one monthone, two months two, three, or three 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 interest period and the actual number of days during the Interest interest period will be determined by the Bank using the practices of the London inter-bank market. (b) Each LIBOR Rate portion Portion will be for an amount not less than One Hundred Thousand and 00/100 Dollars ($100,000.00100,000).

Appears in 2 contracts

Samples: Loan Agreement (American Shared Hospital Services), Credit Agreement (Cash Systems Inc)

LIBOR Rate. The election of LIBOR Rates shall be subject to the following terms and requirements: (a) The Interest interest period during which the LIBOR Rate will be in effect will be one month, two months or three 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 interest period and the actual number of days during the Interest interest period will be determined by the Bank using the practices of the London inter-bank market. (b) Each LIBOR Rate portion will be for an amount not less than One Hundred Thousand and 00/100 Dollars ($100,000.00).

Appears in 2 contracts

Samples: Loan Agreement (Eloyalty Corp), Loan Agreement (Newport Corp)

LIBOR Rate. The election of LIBOR Rates shall be subject to the following terms and requirements: (a) The Interest interest period during which the LIBOR Rate will be in effect will be one monthone, two months two, or three 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 interest period and the actual number of days during the Interest interest period will be determined by the Bank using the practices of the London inter-bank market. (b) Each LIBOR Rate portion Portion will be for an amount not less than One Hundred Thousand and 00/100 Dollars ($100,000.00100,000).

Appears in 2 contracts

Samples: Loan Agreement (Graham Corp), Loan Agreement (Graham Corp)

LIBOR Rate. The election of LIBOR Rates shall be subject to the following terms and requirements: (a) The Interest interest period during which the LIBOR Rate will be in effect will be one month, two months, three months or three 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 interest period and the actual number of days during the Interest interest period will be determined by the Bank using the practices of the London inter-bank market. (b) Each LIBOR Rate portion will be for an amount not less than One Hundred Thousand and 00/100 Dollars ($100,000.00). (c) A LIBOR Rate may be elected only for the entire principal amount outstanding under the applicable facility.

Appears in 2 contracts

Samples: Loan Agreement (Servotronics Inc /De/), Loan Agreement (Servotronics Inc /De/)

LIBOR Rate. The election of LIBOR Rates shall be subject to the following terms and requirements: (a) The Interest interest period during which the LIBOR Rate will be in effect will be one monthone, two months two, or three 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 interest period and the actual number of days during the Interest interest period will be determined by the Bank using the practices of the London inter-bank market. (b) Each LIBOR Rate portion Portion will be for an amount not less than One Hundred Thousand and 00/100 Dollars ($100,000.00100,000). (c) A LIBOR Rate may be elected only for the entire principal amount outstanding under the applicable facility.

Appears in 2 contracts

Samples: Loan Agreement (Nu Skin Enterprises Inc), Loan Agreement (Nu Skin Enterprises Inc)

LIBOR Rate. The election of LIBOR Rates shall be subject to the following terms and requirements: (a) The Interest interest period during which the LIBOR Rate will be in effect will be one monthone, two months two, three or three 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 interest period and the actual number of days during the Interest interest period will be determined by the Bank using the practices of the London inter-bank market. (b) Each LIBOR Rate portion Portion will be for an amount not less than One Hundred Thousand and 00/100 Dollars ($100,000.00100,000).

Appears in 1 contract

Samples: Loan Agreement (Natco Group Inc)

LIBOR Rate. The election of LIBOR Rates shall be subject to the following terms and requirements: (a) The Interest interest period during which the LIBOR Rate will be in effect will be one month, two months or three 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 interest period and the actual number of days during the Interest interest period will be determined by the Bank using the practices of the London inter-bank market. (b) Each LIBOR Rate portion will be for an amount not less than One Hundred Thousand and 00/100 Dollars ($100,000.00).

Appears in 1 contract

Samples: Loan Agreement (Radiant Logistics, Inc)

LIBOR Rate. The election of LIBOR Rates shall be subject to the following terms and requirements: (a) The Interest interest period during which the LIBOR Rate will be in effect will be one month, two months, three months, six months or three twelve 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 interest period and the actual number of days during the Interest interest period will be determined by the Bank using the practices of the London inter-bank market. (b) Each LIBOR Rate portion will be for an amount not less than One Hundred Thousand and 00/100 Dollars ($100,000.00).

Appears in 1 contract

Samples: Loan Agreement (California First National Bancorp)

LIBOR Rate. The election of LIBOR Rates shall be subject to the following terms and requirements: (a) The Interest interest period during which the LIBOR Rate will be in effect will be one month, two months or a minimum of thirty (30) days and shall not exceed three monthshundred sixty (360) days. The first day of the interest period must be a day other than a Saturday or a Sunday on which banks are the Bank is open for business in New York and London and dealing in offshore dollars (a “LIBOR Banking Day”). The last day of the Interest interest period and the actual number of days during the Interest interest period will be determined by the Bank using the customary practices of the London inter-bank market. (b) Each LIBOR Rate portion Portion will be for an amount not less than One Five Hundred Thousand and 00/100 Dollars ($100,000.00500,000.00).

Appears in 1 contract

Samples: Business Loan Agreement (Excelligence Learning Corp)

LIBOR Rate. The election of LIBOR Rates shall be subject to the following terms and requirements: (a) The Interest interest period during which the LIBOR Rate will be in effect will be one month, two months, three months, six months or three twelve 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 interest period and the actual number of days during the Interest interest period will be determined by the Bank using the practices of the London inter-bank market. (b) Each LIBOR Rate portion will be for an amount not less than One Hundred Thousand and 00/100 Dollars ($100,000.00)) with a maximum of seven (7) tranches outstanding at any one time.

Appears in 1 contract

Samples: Loan Agreement (Merit Medical Systems Inc)

LIBOR Rate. The election of LIBOR Rates shall be subject to the following terms and requirements: (a) The Interest interest period during which the LIBOR Rate will be in effect will be one monthone, two months two, three, six or three twelve months. The first day of the interest period must be a day other than a Saturday or a Sunday on which banks are the Bank is open for business in New York and London and dealing in offshore dollars (a "LIBOR Banking Day"). The last day of the Interest interest period and the actual number of days during the Interest interest period will be determined by the Bank using the practices of the London inter-bank market. (b) Each LIBOR Rate portion Portion will be for an amount not less than One Hundred Thousand and 00/100 Million Dollars ($100,000.001,000,000). Borrower may not elect to have more than six (6) LIBOR Rate Portions outstanding at any time.

Appears in 1 contract

Samples: Business Loan Agreement (Pacific Sunwear of California Inc)

LIBOR Rate. The election of LIBOR Rates shall be subject to the following terms and requirements: (a) The Interest interest period during which the LIBOR Rate will be in effect will be one monthone, two months two, three, or three six months. The first day of the interest period must be a day other than a Saturday or a Sunday on which banks are the Bank is open for business in California, New York and London and dealing in offshore dollars (a "LIBOR Banking Day"). The last day of the Interest interest period and the actual number of days during the Interest interest period will be determined by the Bank using the practices of the London inter-bank market. (b) Each LIBOR Rate portion Portion will be for an amount not less than One Five Hundred Thousand and 00/100 Dollars ($100,000.00500,000).

Appears in 1 contract

Samples: Business Loan Agreement (Arterial Vascular Engineering Inc)

LIBOR Rate. The election of LIBOR Rates shall be subject to the following terms and requirements: (a) The Interest interest period during which the LIBOR Rate will be in effect will be two weeks or one month, two months or three 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 interest period and the actual number of days during the Interest interest period will be determined by the Bank using the practices of the London inter-bank market. (b) Each LIBOR Rate portion will be for an amount not less than One Five Hundred Thousand and 00/100 Dollars ($100,000.00500,000.00).

Appears in 1 contract

Samples: Loan Agreement (Redhook Ale Brewery Inc)

LIBOR Rate. The election of LIBOR Rates shall be subject to the following terms and requirements: (a) The Interest interest period during which the LIBOR Rate will be in effect will be one month, two months, three months, four months, five months or three six months. The first day of the interest period must be a day other than a Saturday or a Sunday on which banks are the Bank is open for business in New York and London and dealing in offshore dollars (a “LIBOR Banking Day”). The last day of the Interest interest period and the actual number of days during the Interest interest period will be determined by the Bank using the practices of the London inter-bank market. (b) Each LIBOR Rate portion will be for an amount not less than One Five Hundred Thousand and 00/100 Dollars ($100,000.00500,000.00). (c) A LIBOR Rate may be elected only for the entire principal amount outstanding under the applicable facility.

Appears in 1 contract

Samples: Loan Agreement (Resources Connection Inc)

LIBOR Rate. The election of LIBOR Rates shall be subject to the following ---------- terms and requirements: (a) The Interest interest period during which the LIBOR Rate will be in effect will be one monthone, two months two, three, four, five or three six months. The first day of the interest period must be a day other than a Saturday Saturday, or a Sunday on which banks are Lender is open for business in New York and London and dealing in offshore dollars (a "LIBOR Banking Day"). The last day of the Interest interest period and the actual number of days during the Interest interest period will be determined by the Bank Lender using the practices of the London inter-bank market. (b) Each LIBOR Rate portion Portion will be for an amount not less than One Five Hundred Thousand and 00/100 Dollars ($100,000.00500,000).

Appears in 1 contract

Samples: Quarterly Report

LIBOR Rate. The election of LIBOR Rates shall be subject to the following terms and requirements: (a) The Interest interest period during which the LIBOR Rate will be in effect will be one month, two months, three months or three 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 interest period and the actual number of days during the Interest interest period will be determined by the Bank using the practices of the London inter-bank market., (b) Each LIBOR Rate portion will be for an amount not less than One Hundred Thousand and 00/100 Dollars ($100,000.00).

Appears in 1 contract

Samples: Loan Agreement (Mimedx Group, Inc.)

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LIBOR Rate. The election of LIBOR Rates shall be subject to the following terms and requirements: (a) The Interest interest period during which the LIBOR Rate will be in effect will be one month, two months or three monthsno shorter than 30 days and no longer than 180 days. The first day of the interest period must be a day other than a Saturday or a Sunday on which banks are the Bank is open for business in New York and London and dealing in offshore dollars (a "LIBOR Banking Day"). The last day of the Interest interest period and the actual number of days during the Interest interest period will be determined by the Bank using the practices of the London inter-bank market. (b) Each LIBOR Rate portion Portion will be for an amount not less than One Five Hundred Thousand and 00/100 Dollars ($100,000.00500,000).

Appears in 1 contract

Samples: Business Loan Agreement (Charlotte Russe Holding Inc)

LIBOR Rate. The election of LIBOR Rates shall be subject to the following terms and requirements: (a) The Interest interest period during which the LIBOR Rate will be in effect will be one monthone, two months two, three, or three six months. The first day of the interest period must be a day other than a Saturday or a Sunday on which banks are the Bank is open for business in New York and London and dealing in offshore dollars (a “LIBOR Banking Day”). The last day of the Interest interest period and the actual number of days during the Interest interest period will be determined by the Bank using the practices of the London inter-bank market. (b) Each LIBOR Rate portion Portion will be for an amount not less than One Hundred Thousand and 00/100 Dollars ($100,000.00100,000).

Appears in 1 contract

Samples: Business Loan Agreement (Remedytemp Inc)

LIBOR Rate. The election of LIBOR Rates shall be subject to the following terms and requirements: (a) The Interest interest period during which the LIBOR Rate will be in effect will be one month, two months, three months or three 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 interest period and the actual number of days during the Interest interest period will be determined by the Bank using the practices of the London inter-bank market. (b) Each LIBOR Rate portion will be for an amount not less than One Hundred Thousand and 00/100 Dollars ($100,000.00).

Appears in 1 contract

Samples: Loan Agreement (Resources Connection Inc)

LIBOR Rate. The election of LIBOR Rates shall be subject to the following terms and requirements: (a) The Interest interest period during which the LIBOR Rate will be in effect will be one monthone, two months two, three, or three six months. The first day of the interest period must be a day other than a Saturday or a Sunday on which banks are the Bank is open for business in New York and London and dealing in offshore dollars (a "LIBOR Banking Day"). The last day of the Interest interest period and the actual number of days during the Interest interest period will be determined by the Bank using the practices of the London inter-bank market. (b) Each LIBOR Rate portion Portion will be for an amount not less than One Hundred Thousand and 00/100 Dollars ($100,000.00100,000).

Appears in 1 contract

Samples: Business Loan Agreement (Motorcar Parts & Accessories Inc)

LIBOR Rate. The election of LIBOR Rates shall be subject to the following terms and requirements: (a) The Interest interest period during which the LIBOR Rate will be in effect will be one monthone, two months two, three, six or three nine months. The first day of the interest period must be a day other than a Saturday or a Sunday on which banks are the Bank is open for business in New York and London and dealing in offshore dollars (a "LIBOR Banking Day"). The last day of the Interest interest period and the actual number of days during the Interest interest period will be determined by the Bank using the practices of the London inter-bank market. (b) Each LIBOR Rate portion Portion will be for an amount not less than One Hundred Thousand and 00/100 Dollars ($100,000.00100,000).

Appears in 1 contract

Samples: Loan Agreement (Radiant Logistics, Inc)

LIBOR Rate. The election of the LIBOR Rates Rate shall be subject to the following terms and requirements: (a) The Interest interest period during which the LIBOR Rate will be in effect will be 30, 60 or 90 days or one month, two months or three monthsyear. 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 interest period and the actual number of days during the Interest interest period will be determined by the Bank using the practices of the London inter-bank market. (b) Each LIBOR Rate portion Portion will be for an amount not less than One Five Hundred Thousand and 00/100 Dollars ($100,000.00500,000).

Appears in 1 contract

Samples: Loan Agreement (Point 360)

LIBOR Rate. The election of LIBOR Rates shall be subject to the following terms and requirements: (a) The Interest interest period during which the LIBOR Rate will be in effect will be one month, two months or three 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 interest period and the actual number of days during the Interest interest period will be determined by the Bank using the practices of the London inter-bank market. (b) Each LIBOR Rate portion will be for an amount not less than One Hundred Thousand and 00/100 Dollars ($100,000.00). (c) A LIBOR Rate may be elected only for the entire principal amount outstanding under the applicable facility.

Appears in 1 contract

Samples: Loan Agreement (Insys Therapeutics, Inc.)

LIBOR Rate. The election of LIBOR Rates shall be subject to the following terms and requirements: (a) The Interest interest period during which the LIBOR Rate will be in effect will be one monthor two weeks or one, two months two, three, or three six months. The first day of the interest period must be a day other than a Saturday or a Sunday on which banks are the Bank is open for business in New York and London and dealing in offshore dollars (a "LIBOR Banking Day"). The last day of the Interest interest period and the actual number of days during the Interest interest period will be determined by the Bank using the practices of the London inter-bank market. (b) Each LIBOR Rate portion Portion will be for an amount not less than One Hundred Thousand and 00/100 Dollars ($100,000.00100,000).

Appears in 1 contract

Samples: Loan Agreement (Mercury Air Group Inc)

LIBOR Rate. The election of LIBOR Rates shall be subject to the following terms and requirements: (a) The Interest interest period during which the LIBOR Rate will be in effect will be one month, two months, three months or three six months. The first day of the interest period must be a day other than a Saturday or a Sunday on which banks are the Bank is open for business in New York and London and dealing in offshore dollars (a “LIBOR Banking Day”). The last day of the Interest interest period and the actual number of days during the Interest interest period will be determined by the Bank using the practices of the London inter-bank market. (b) Each LIBOR Rate portion will be for an amount not less than One Hundred Thousand and 00/100 Dollars ($100,000.00).

Appears in 1 contract

Samples: Loan Agreement (Pope Resources LTD Partnership)

LIBOR Rate. The election of LIBOR Rates shall be subject to the following terms and requirements: (a) The Interest interest period during which the LIBOR Rate will be in effect will be one monthone, two months two, three, or three six months. The first day of the interest period must be a day other than a Saturday or a Sunday on which banks are the Bank is open for business in New York and London and dealing in offshore dollars (a "LIBOR Banking Day"). The last day of the Interest interest period and the actual number of days during the Interest interest period will be determined by the Bank using the practices of the London inter-bank market. (b) Each LIBOR Rate portion Portion will be for an amount not less than One Hundred Thousand and 00/100 Dollars ($100,000.00)1,000,000, with additional increments of $100,000 in excess thereof.

Appears in 1 contract

Samples: Loan Agreement (Craft Brewers Alliance, Inc.)

LIBOR Rate. The election of LIBOR Rates shall be subject to the following terms and requirements: (a) The Interest interest period during which the LIBOR Rate will be in effect will be one month, two months or three months. The first day of the interest period must be a day other than a Saturday or a Sunday on which banks are the Bank is open for business in New York and London and dealing in offshore dollars (a “LIBOR Banking Day”). The last day of the Interest interest period and the actual number of days during the Interest interest period will be determined by the Bank using the practices of the London inter-bank market. (b) Each LIBOR Rate portion will be for an amount not less than One Hundred Thousand and 00/100 Dollars ($100,000.00).

Appears in 1 contract

Samples: Loan Agreement (Thomas Group Inc)

LIBOR Rate. The election of LIBOR Rates shall be subject to the following terms and requirements: (a) The Interest interest period during which the LIBOR Rate will be in effect will be one monthone, two months two, three, or three six months. The first day of the interest period must be a day other than a Saturday or a Sunday on which banks are the Bank is open for business in New York and London and dealing in offshore dollars (a “LIBOR Banking Day”). The last day of the Interest interest period and the actual number of days during the Interest interest period will be determined by the Bank using the practices of the London inter-bank market. (b) Each LIBOR Rate portion Portion will be for an amount not less than One Hundred Thousand and 00/100 Dollars ($100,000.00)1,000,000, with additional increments of $100,000 in excess thereof.

Appears in 1 contract

Samples: Loan Agreement (Redhook Ale Brewery Inc)

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