No LIBOR Loans Sample Clauses

No LIBOR Loans. Notwithstanding any provision in this Agreement to the contrary, this Section 2.12 and the other provisions of this Agreement relating to the LIBOR Index Rate and LIBOR Index Rate Loans shall be of no force or effect unless the Agent and Lenders agree in their sole discretion pursuant to an amendment satisfying the applicable conditions of Section 14.1 to establish a LIBOR margin and begin making LIBOR Index Rate Loans.
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No LIBOR Loans. If no LIBOR Successor Rate can reasonably be determined after the occurrence of a Triggering Event, the obligation of the Lender to maintain the Loan at the One Month LIBOR Base Rate shall be suspended (to the extent of the affected interest periods). Until a LIBOR Successor Rate has been determined pursuant to Section II 8(1) above, the Loan shall bear interest at the last calculated Interest Rate.
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No LIBOR Loans. Article I of the Existing Credit Agreement is hereby amended by adding a new Section 1.06 thereto as follows:
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No LIBOR Loans. Notwithstanding anything in this Credit Agreement or the other Loan Documents to the contrary, from and after the Second Amendment Effective Date, Borrowers shall have no right to borrow, convert, continue or otherwise hold or obtain LIBOR Loans; provided that any and all LIBOR Loans outstanding as of the Second Amendment Effective Date shall remain LIBOR Loans until the end of then-current Interest Period and upon the expiration of the applicable Interest Period such LIBOR Loan shall be automatically converted to a Base Rate Loan.”
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Related to No LIBOR Loans

  • LIBOR Loans Subject to the provisions hereof and provided that the Borrower has, by giving notice to the Administrative Agent in accordance with Section 5.2, requested the Lenders to continue to extend credit by way of a LIBOR Loan to replace all or a portion of an outstanding LIBOR Loan as it matures, each Lender shall, on the maturity of such LIBOR Loan, continue to extend credit to the Borrower by way of a LIBOR Loan (without a further advance of funds to the Borrower) in the principal amount equal to such Lender’s Pro Rata Share of the principal amount of the matured LIBOR Loan or the portion thereof to be replaced.

  • LIBOR Rate Loans During such periods as Revolving Loans 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 Revolving Loans shall be payable in arrears on each Interest Payment Date.

  • Booking of LIBOR Rate Loans Any Lender may make, carry or transfer LIBOR Rate Loans at, to, or for the account of any of its branch offices or the office of an Affiliate of such Lender.

  • Eurodollar Loans The Loans comprising each Eurodollar Borrowing shall bear interest at the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus the Applicable Margin, but in no event to exceed the Highest Lawful Rate.

  • Booking of Eurodollar Rate Loans Any Lender may make, carry or transfer Eurodollar Rate Loans at, to, or for the account of any of its branch offices or the office of an Affiliate of such Lender.

  • LIBOR Borrower may prepay principal on any portion of this Note which bears interest determined in relation to LIBOR at any time and in the minimum amount of One Hundred Thousand Dollars ($100,000.00); provided however, that if the outstanding principal balance of such portion of this Note is less than said amount, the minimum prepayment amount shall be the entire outstanding principal balance thereof. In consideration of Bank providing this prepayment option to Borrower, or if any such portion of this Note shall become due and payable at any time prior to the last day of the Fixed Rate Term applicable thereto by acceleration or otherwise, Borrower shall pay to Bank immediately upon demand a fee which is the sum of the discounted monthly differences for each month from the month of prepayment through the month in which such Fixed Rate Term matures, calculated as follows for each such month:

  • Fixed Rate Loans Each Mortgage Loan bears interest at a rate that remains fixed throughout the remaining term of such Mortgage Loan, except in the case of an ARD Loan after its Anticipated Repayment Date and except for the imposition of a default rate.

  • Eurodollar Rate Loans Any conversion to or from Eurodollar Rate Loans shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of all Eurodollar Rate Loans having the same Interest Period shall not be less than $1,000,000 or a whole multiple of $500,000 in excess thereof.

  • Eurocurrency Loans The Loans constituting each Eurocurrency Borrowing shall bear interest at a rate per annum equal to the Adjusted LIBO Rate for the related Interest Period for such Borrowing plus the Applicable Margin.

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