Revolving Credit LIBOR Rate Option. A rate per annum (computed on the basis of a year of 360 days and actual days elapsed) equal to the LIBOR Rate plus the Applicable Margin. Subject to Section 4.3 [Interest After Default], only the Base Rate Option applicable to Revolving Credit Loans shall apply to the Swing Loans.
Revolving Credit LIBOR Rate Option. A rate per annum (computed on the basis of a year of 360 days and actual days elapsed) equal to the LIBOR Rate as determined for each applicable Interest Period plus the Applicable Margin.
Revolving Credit LIBOR Rate Option. Provided no Default or Event of Default has occurred, and subject to the provisions of Section 2.1.1 (a)(i) if Borrower desires to have the Revolving Credit LIBOR Rate apply to all or a portion of the Revolving Credit Loans, Borrower shall give Lender a written irrevocable request no later than 11:00 A.M. Eastern time on the third (3rd) Business Day prior to the requested borrowing date specifying (i) the date the Revolving Credit LIBOR Rate shall apply (which shall be a Business Day), (ii) the Interest Period, and (iii) the amount to be subject to the Revolving Credit LIBOR Rate provided that such amount shall be an integral multiple of Two Hundred Fifty Thousand Dollars ($250,000.00).
Revolving Credit LIBOR Rate Option. A rate per annum applicable to Loans denominated in Dollars and Optional Currency Loans (computed on the basis of (a) in the case of Loans denominated in Dollars and Euro, a year of three hundred sixty (360) days and actual days elapsed, (b) in the case of Loans denominated in British Pounds Sterling, a year of three hundred sixty-five (365) days and actual days elapsed, and (c) in the case of Loans denominated in Australian Dollars, a year of three hundred sixty-five (365) or three hundred sixty-six (366) days, as the case may be, and actual days elapsed) equal to the LIBOR Rate plus the Applicable Margin.
Revolving Credit LIBOR Rate Option. Section 4.1.1(ii) of the Credit Agreement shall be amended and restated as follows:
Revolving Credit LIBOR Rate Option. The Loans shall bear interest at the Base Rate Option only and no Loans shall bear interest at the LIBOR Rate Option unless such Loans (i) were subject to the LIBOR Rate Option as of February 25, 2016, and (ii) have Interest Periods of one month (the “Existing LIBOR Loans”). Such Existing LIBOR Loans may continue to bear interest at the LIBOR Rate Option until their current monthly Interest Period expires, at which time such Existing LIBOR Loans shall convert to Loans that bear interest at the Base Rate Option. All other Loans subject to the LIBOR Rate Option shall immediately convert to the Base Rate on the Closing Date and the Borrower shall be responsible for any and all applicable fees and costs associated with such conversion pursuant to Section 5.10 [Indemnity] of the Agreement. The Existing LIBOR Loans shall bear interest at a rate per annum (computed on the basis of a year of 360 days and actual days elapsed) equal to the LIBOR Rate plus 4.50% until such time as they convert to Base Rate Loans;”
Revolving Credit LIBOR Rate Option. A rate per annum computed on the basis of a year of 360 days and actual days elapsed (provided, that for Loans made in an Optional Currency for which a 365-day basis is the only market practice available to the Administrative Agent, such rate shall be calculated on the basis of a year of 365 or 366 days for the actual days elapsed) equal to the LIBOR Rate plus the Applicable Margin. Subject to Section 3.3, only the Base Rate Option applicable to Revolving Credit Loans shall apply to the Swing Loans.
Revolving Credit LIBOR Rate Option. A rate per annum applicable to Revolving Credit Loans denominated in Dollars and any Optional Currency (computed on the basis of a year of 360 days and actual days elapsed) equal to the LIBOR Rate as determined for each applicable Interest Period plus the Applicable Margin. Subject to Section 4.3 [Interest After Default], the Swing Loans shall bear interest, as agreed by the Swing Loan Bank and the Borrowing Agent, (i) at the Base Rate Option applicable to Revolving 219962390 Credit Loans, (ii) at the Daily LIBOR Rate plus the Applicable Margin for LIBOR Rate Loans (computed on the basis of a year of 360 days and actual days elapsed), or (iii) if applicable, at the applicable rate set forth in any Cash Management Agreement.
Revolving Credit LIBOR Rate Option. A rate per annum (computed on the basis of a year of 360 days (and 365 or 366 days, as the case may be, for Canadian Dollar Loans) and actual days elapsed) equal to the LIBOR Rate plus the Applicable Margin; provided, however, in the case of interest in respect of Loans denominated in Optional Currencies as to which market practice differs from the foregoing (including, without limitation, Canadian Dollars), interest shall be computed in accordance with market practice for such Optional Currency.
Revolving Credit LIBOR Rate Option. A rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed with respect to Loans denominated in British Pounds and computed on the basis of a year of 360 days and actual days elapsed with respect to Loans denominated in all other currencies) equal to the LIBOR Rate as determined for each applicable Interest Period plus the Applicable Margin. Subject to Section 4.3 [Interest After Default], the Daily LIBOR Rate (computed on the basis of a year of 360 days and actual days elapsed) plus the Applicable Margin under the LIBOR Rate Option shall apply to the Swing Loans; provided that if for any reason the Daily LIBOR Rate is unascertainable, unlawful or unavailable then the Base Rate Option applicable to Revolving Credit Loans shall apply to the Swing Loans.
