Applicable LIBOR Percentage definition

Applicable LIBOR Percentage means, on each day of any Accrual Period with respect to any LIBOR Loans comprising a Revolving Credit Borrowing,
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Applicable LIBOR Percentage means, on each day of any Accrual Period with respect to any LIBOR Loans comprising a Revolving Credit Borrowing, ​
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Applicable LIBOR Percentage corresponding to the Net Leverage Ratio as of the Interest Determination Date for such Interest Adjustment Date.
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Examples of Applicable LIBOR Percentage in a sentence

  • Interest on each Advance hereunder shall accrue at one of the following per annum rates selected by the Borrower (i) upon notice to the Bank at the Base Rate (a “Base Rate Advance”); or (ii) upon a minimum of three Business Days’ prior notice, at a rate per annum equal to Adjusted LIBOR for the Loan Period selected by the Borrower, plus the Applicable LIBOR Percentage (a “LIBOR Advance”).

  • The Borrowers shall pay to the Letter of Credit Issuer, and the Letter of Credit Issuer shall share with the Lenders, on a pro rata basis based on their respective Ratable Portions, a risk participation fee (the "Risk Participation Fee") in an amount equal to the per annum rate equal to the Applicable LIBOR Percentage in effect pursuant to Section 3.5(b), TIMES the Stated Amount of each Letter of Credit as of the date on which payment of the Risk Participation Fee is due and payable.

  • On each Interest Adjustment Date the Applicable LIBOR Percentage and the Applicable Prime Rate Percentage shall be the percent per annum in Basis Points indicated in the definitions of the terms "Applicable LIBOR Percentage" and "Applicable Prime Rate Percentage" corresponding to the Borrower's Total Leverage Ratio as of the Interest Determination Date for such Interest Adjustment Date.

  • The Borrowers shall pay the Risk Participation Fee to the Letter of Credit Issuer in advance on the date of issuance and, for Letters of Credit having a term longer than one (1) year, on each anniversary of such date of issuance thereafter during the term of such Letter of Credit, computed at the Applicable LIBOR Percentage in effect on the date of issuance and, as applicable, each such subsequent anniversary payment date.

  • It is learnt that the FBR is ready to enforce strict measures against the non-filers.

  • On each Interest Adjustment Date and during the Accrual Period commencing on such date, the Applicable LIBOR Percentage shall be the percent per annum in Basis Points indicated in the definitions of the term "Applicable LIBOR Percentage" corresponding to the Net Leverage Ratio as of the Interest Determination Date for such Interest Adjustment Date.

  • The Borrower shall pay to the Letter of Credit Bank, and the Letter of Credit Bank shall share with the Banks, on a pro rata basis based on their respective Ratable Portions, a risk participation fee (the "Risk Participation Fee") in an amount equal to the per annum rate equal to the Applicable LIBOR Percentage in effect pursuant to Section 3.5(b), TIMES the daily average amount of all Letters of Credit outstanding during each Accrual Period.

  • On each Interest Adjustment Date and during the Accrual Period commencing on such date, the Applicable LIBOR Percentage shall be the percent per annum in Basis Points indicated in the definitions of the term "Applicable LIBOR Percentage" corresponding to the Total Leverage Ratio as of the Interest Determination Date for such Interest Adjustment Date.

  • Villanueva claims that the Baltic preterit and nominal stems lack cognates in other Indo-European languages (2014, 169f.).


More Definitions of Applicable LIBOR Percentage

Applicable LIBOR Percentage means, at any time, and with respect to all Eurodollar Loans then outstanding and/or Unused Fees, the appropriate applicable percentage corresponding to the Senior Debt Rating in effect from time to time as described below: Applicable Percentage for Eurodollar Loans on or before the Maturity Date Applicable Senior Debt Percentage for Rating Unused Fees I. > A from S&P 0.320% 0.100% - Or > A2 from Moody's - II. > A- but < A from S&P 0.400% 0.120% - Or > A3 but < A2 from Moody's - III. > BBB+ but < A- from S&P 0.500% 0.135% - Or > Baa1 but < A3 from Moody's - IV. > BBB but < Baa1 from S&P 0.600% 0.160% - Or > Baa2 but < Baa1 from Moody's - V. > BBB but < BBB+ from S&P 0.750% 0.210% - Or > Baa3 but < Baa2 from Moody's - VI. < BBB- from S&P 1.000% 0.250% And < Baa3 from Moody's Or unrated by S&P and Moody's Notwithstanding the above, if at any time there is a split in Senior Debt Ratings between S&P and Moody's of one level, the applicable percentage shall be determined by the higher of the two ratings; and if at any time there is a split between S&P and Moody's of two or more levels, the applicable level shall be one level below the higher of the S&P or Moody's rating. The Applicable LIBOR Percentages for Eurodoxxxx Xxans and Unused Fees shall be determined and adjusted on the date (each a "Calculation Date") on which there is any change in the Senior Debt Rating of the Borrower. Each Applicable LIBOR Percentage shall be effective from one Calculation Date until the next Calculation Date. Any adjustment in the Applicable LIBOR Percentage shall be applicable to all existing Eurodollar Loans as well as any new Eurodollar Loans made. The Borrower shall notify each Lender in writing immediately upon any change in its Senior Debt Rating.
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Applicable LIBOR Percentage means, with respect to any LIBOR Advances,
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Related to Applicable LIBOR Percentage

  • Applicable LIBOR Rate Margin means the following per annum percentages, applicable in the following situations:

  • USD LIBOR means the London interbank offered rate for U.S. dollars.

  • Eurodollar Reserve Percentage means, for any day during any Interest Period, the reserve percentage (expressed as a decimal, carried out to five decimal places) in effect on such day, whether or not applicable to any Lender, under regulations issued from time to time by the FRB for determining the maximum reserve requirement (including any emergency, supplemental or other marginal reserve requirement) with respect to Eurocurrency funding (currently referred to as “Eurocurrency liabilities”). The Eurodollar Rate for each outstanding Eurodollar Rate Loan shall be adjusted automatically as of the effective date of any change in the Eurodollar Reserve Percentage.

  • Eurodollar Rate Reserve Percentage for any Interest Period for all Eurodollar Rate Advances comprising part of the same Borrowing means the reserve percentage applicable two Business Days before the first day of such Interest Period under regulations issued from time to time by the Board of Governors of the Federal Reserve System (or any successor) for determining the maximum reserve requirement (including, without limitation, any emergency, supplemental or other marginal reserve requirement) for a member bank of the Federal Reserve System in New York City with respect to liabilities or assets consisting of or including Eurocurrency Liabilities (or with respect to any other category of liabilities that includes deposits by reference to which the interest rate on Eurodollar Rate Advances is determined) having a term equal to such Interest Period.

  • Asset Percentage has the meaning specified in Section 2.05(b)(ii).

  • LIBOR Reserve Percentage means the reserve percentage prescribed by the Board of Governors of the Federal Reserve System (or any successor) for "Eurocurrency Liabilities" (as defined in Regulation D of the Federal Reserve Board, as amended), adjusted by Bank for expected changes in such reserve percentage during the applicable Fixed Rate Term.

  • Applicable ECF Percentage means, for any fiscal year, (a) 50% if the Total Leverage Ratio as of the last day of such fiscal year is greater than or equal to 6.00 to 1.00, (b) 25% if the Total Leverage Ratio as of the last day of such fiscal year is less than 6.00 to 1.00 but greater than or equal to 5.00 to 1.00 and (c) 0% if the Total Leverage Ratio as of the last day of such fiscal year is less than 5.00 to 1.00.