LIBOR Variable Base. The “Base Rate” is the LIBOR Variable Base. The “LIBOR Variable Base” for any day during a given month means the one-month LIBOR rate, as made available by the LIBOR Index Source, rounded up to the nearest .05 percent, plus the Applicable Margin. The LIBOR Variable Base shall be effective on the first day of the month and remain constant for such month.
Appears in 3 contracts
Samples: Loan Agreement (Pope Resources LTD Partnership), Loan Agreement (Pope Resources LTD Partnership), Loan Agreement (Pope Resources LTD Partnership)
LIBOR Variable Base. The “Base Rate” is the LIBOR Variable Base. The “LIBOR Variable Base” for any day during a given month means the one-month LIBOR rate, as made available by the LIBOR Index Source, rounded up to the nearest .05 percent, plus the Applicable Margin. The LIBOR Variable Base shall be effective on the first day of the month and remain constant for such month.
3.02 1 3-, or 6-
Appears in 1 contract
Samples: Revolving Line of Credit (Pope Resources LTD Partnership)
