Adjusted LIBOR Rate Loan means Loans bearing interest based on the Adjusted LIBOR Rate.
Adjusted LIBOR Rate Loan means all or part of any Loan which bears interest at or by reference to the Adjusted LIBOR Rate.
Examples of Adjusted LIBOR Rate Loan in a sentence
If on any day a Loan is outstanding with respect to which a Funding Notice or Conversion/Continuation Notice has not been delivered to the Administrative Agent in accordance with the terms hereof specifying the applicable basis for determining the rate of interest, then for that day (i) if such Loan is an Adjusted LIBOR Rate Loan, such Loan shall become a Base Rate Loan and (ii) if such Loan is a Base Rate Loan, such Loan shall remain a Base Rate Loan.
In the event the Borrower fails to specify an Interest Period for any Adjusted LIBOR Rate Loan in the applicable Funding Notice or Conversion/Continuation Notice, the Borrower shall be deemed to have selected an Interest Period of one (1) month.
In the event the Borrower fails to specify between a Base Rate Loan or an Adjusted LIBOR Rate Loan in the applicable Funding Notice or Conversion/Continuation Notice, such Loan (i) if outstanding as an Adjusted LIBOR Rate Loan, will be automatically converted into a Base Rate Loan on the last day of the then-current Interest Period for such Loan, and (ii) if outstanding as a Base Rate Loan will remain as, or (if not then outstanding) will be made as, a Base Rate Loan.
Each notice of election of an Adjusted LIBOR Rate Loan shall be irrevocable.
In the event the Borrower fails to specify an Interest Period for any Adjusted LIBOR Rate Loan in the applicable Funding Notice or Conversion/Continuation Notice, the Borrower shall be deemed to have selected an Interest Period of one month.
More Definitions of Adjusted LIBOR Rate Loan
Adjusted LIBOR Rate Loan means any, of the Loans, with respect to any Interest Period, which bears interest at a rate of interest determined by reference to the Libor Rate for such Interest Period.
Adjusted LIBOR Rate Loan means a Loan bearing interest based on the Adjusted LIBOR Rate. “Administrative Agent” has the meaning assigned thereto in the introductory paragraph hereto, together with its successors and permitted assigns. “Administrative Questionnaire” means an administrative questionnaire provided by the Lenders in a form supplied by the Administrative Agent. “Adverse Proceeding” means any action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration (whether or not purportedly on behalf of any Credit Party or any of their respective Subsidiaries) at law or in equity, or before or by any Governmental Authority, whether pending, or to the knowledge of the Credit Parties, threatened in writing against any Credit Party or any of their respective Subsidiaries or any material property of any Credit Party or any of their respective Subsidiaries. “Affected Lender” has the meaning assigned thereto in Section 3.1(b). “Affected Loans” has the meaning assigned thereto in Section 3.1(b). “Affiliate” means, with respect to any Person, another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. “Agent” means each of the Administrative Agent and the Collateral Agent. “Aggregate Commitments” means the Commitments of all the Lenders. “Aggregate Revolving Commitments” means the Revolving Commitments of all the Lenders. The aggregate principal amount of the Aggregate Revolving Commitments in effect on the Sixth Amendment Effective Date is $400,000,000. “Agreement” has the meaning assigned thereto in the introductory paragraph hereto. “Anti-Corruption Laws” means the Foreign Corrupt Practices Act, 15 U.S.C. §§ 78dd-1, et seq, the UK Bribery Act of 2010 and all other laws, rules, and regulations of any jurisdiction applicable to any Credit Party or any of its Affiliates from time to time concerning or relating to bribery or corruption. “Amendment No. 10 Effective Date” means May 7, 2020. “Applicable Laws” means all applicable laws, including all applicable provisions of constitutions, statutes, rules, ordinances, regulations and orders of all Governmental Authorities and all orders, rulings, writs and decrees of all courts, tribunals and arbitrators. “Applicable Margin” means (a) from the Amendment No. 10 Effective Date through the delivery of the Compliance Certificate for the fiscal quarter ending September 30, 2020, the percentage...
Adjusted LIBOR Rate Loan means all or part of any Loan which bears interest at or by reference to the Adjusted LIBOR Rate. the term "Affiliate" means, with respect to any Person, any other Person, which, directly or indirectly, controls, is controlled by, or is under common control with, such Person.
Adjusted LIBOR Rate Loan means any, of the Loans, with respect to any Interest Period, which bears interest at a rate of interest determined by reference to the LIBOR Rate for such Interest Period.
Adjusted LIBOR Rate Loan means Loans bearing interest based on the Adjusted LIBOR Rate. “Adjusted NOI” means, for any period with respect to any Unencumbered Pool Property, (a) NOI for such period, less (b) Capital Reserves for such period. “Administrative Agent” means as defined in the introductory paragraph hereto, together with its successors and permitted assigns. “Administrative Questionnaire” means an administrative questionnaire provided by the Lenders in a form supplied by the Administrative Agent. “Adverse Proceeding” means any action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration (whether or not purportedly on behalf of any Credit Party or any of its Subsidiaries) at law or in equity, or before or by any Governmental Authority, whether pending, threatened in writing against any Credit Party or any of its Subsidiaries or any material property of any Credit Party or any of its Subsidiaries. “Affected Lender” means as defined in Section 3.1(b). “Affected Loans” means as defined in Section 3.1(b). “Affiliate” means, with respect to any Person, another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. “Agent” means the Administrative Agent. “Agreement” means as defined in the introductory paragraph hereto. “Aggregate Revolving Commitments” means the Revolving Commitments of all the Lenders. The aggregate principal amount of the Aggregate Revolving Commitments in effect on the Effective Date is EIGHT HUNDRED FIFTY MILLION DOLLARS ($850,000,000.00). “Aggregate Unencumbered Pool Property Value Amount” means, with respect to any pool of Unencumbered Pool Properties as of any date of determination, the aggregate sum of the respective Unencumbered Pool Property Value amounts of each of the Unencumbered Pool Properties in such pool. “Alternative Interest Rate Election Event” means as defined in Section 3.1(b)(ii). 2
Adjusted LIBOR Rate Loan means Loans bearing interest based on the Adjusted LIBOR Rate. “Administrative Agent” means as defined in the introductory paragraph hereto, together with its successors and assigns. “Administrative Questionnaire” means an administrative questionnaire provided by the Lenders in a form supplied by the Administrative Agent. “Adverse Proceeding” means any action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration (whether or not purportedly on behalf of any Credit Party or any of its Subsidiaries) at law or in equity, or before or by any Governmental Authority, whether pending, threatened in writing against any Credit Party or any of its Subsidiaries or any material property of any Credit Party or any of its Subsidiaries. 2
Adjusted LIBOR Rate Loan means all or part of any Loan which bears interest at or by reference to the Adjusted LIBOR Rate. (c) the term "Affiliate" means, with respect to any Person, any other Person, which, directly or indirectly, controls, is controlled by, or is under common control with, such Person. (d) the term "Aggregate Commitment" means the sum of the Aggregate Revolver Commitment plus the Term Loan Commitment. (e) the term "Applicable Margin" means, at any time, the percent per annum specified below for Adjusted LIBOR Rate Loans, Commitment Fees and standby Letter of Credit fees, as the case may be, at the level corresponding to the Consolidated Debt to EBITDA Ratio of the Company for the four consecutive fiscal quarters most recently ended, as shown by the financial statements delivered pursuant to Sections 6.6(a) and 6.6(b): Applicable Margin Consolidated Debt Standby to Adjusted LIBOR Commitment Letter of Credit Level EBITDA Ratio Rate Loans Fees Fees 1 greater or = 2.00% 1.50% 0.275% 1.225% 2 greater or = 1.50 less than 2.00 1.25% 0.250% 1.000% 3 greater or = 1.00 less than 1.50 1.00% 0.225% 0.775% 4 less than 2.00 0.75% 0.200% 0.550%