Examples of Applicable LIBO Margin in a sentence
The Borrower may elect that the Revolving Loans comprising each borrowing bear interest at a rate per annum equal to: the ABR plus the Applicable ABR Margin; or the Adjusted LIBO Rate plus the Applicable LIBO Margin.
Accordingly, all references in the Loan Agreement to LIBO Rate Loans, Adjusted LIBO Rate, Applicable LIBO Margin and LIBO Base Rate are hereby deleted.
The Borrower may elect that the Term Loans comprising each borrowing bear interest at a rate per annum equal to: the ABR plus the Applicable ABR Margin; or the Adjusted LIBO Rate plus the Applicable LIBO Margin.
Each Term Note shall bear ------------------------------- interest, subject to the provisions of Section 10.14 hereof, until its Maturity on the principal amount thereof from time to time outstanding at an annual rate elected by the Borrower in accordance with the notice provisions set forth in Section 2.3 hereof equal to either (a) the Prime Rate or (b) the Adjusted LIBO Rate plus the Applicable LIBO Margin or (c) the Cost of Funds plus the Applicable Cost of Funds Margin..
Each Term Note shall bear ------------------------------- interest, subject to the provisions of Section 10.14 hereof, until its Maturity on the principal amount thereof from time to time outstanding at an annual rate elected by the Borrower issuing such term Note in accordance with the notice provisions set forth in Section 2.3 hereof equal to either (a) the Prime Rate or (b) the Adjusted LIBO Rate plus the Applicable LIBO Margin or (c) the Cost of Funds plus the Applicable Cost of Funds Margin..