Daily LIBOR Rate Loan definition

Daily LIBOR Rate Loan means a Committed Loan that bears interest at a rate based on the Daily LIBOR Rate.
Sample 1Sample 2Sample 3
Daily LIBOR Rate Loan means any Advance that bears interest based upon the Daily LIBOR Rate.
Sample 1Sample 2
Daily LIBOR Rate Loan means a Swingline Loan made pursuant to clause (ii) of the second sentence of Section 2.3.2(a) denominated in Dollars bearing interest at a rate determined by reference to the Daily LIBOR Rate.
Sample 1Sample 2Sample 3

Examples of Daily LIBOR Rate Loan in a sentence

  • Whenever the Company desires to obtain a Daily LIBOR Rate Loan, the Company shall notify the Bank in writing no later than 10:00 a.m. (New York Time) on the date which is one (1) Business Day prior to the date on which the requested Daily LIBOR Rate Loan is to be made.

  • Parity between boys and girls remains one of the objectives to be attained, since males remain in the majority.

  • Subject to the terms and conditions of this Agreement and provided that the aggregate amount of all other previous Revolving Loans and the requested Daily LIBOR Rate Loan does not exceed the Commitment Amount, the Bank shall make each Daily LIBOR Rate Loan on the effective date specified therefor; provided, however, that no Daily LIBOR Rate Loan shall be made unless at the time thereof no Event of Default shall have occurred or be continuing.

  • Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of Credit) shall bear interest as follows: (i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate, plus the LIBOR Rate Margin; (ii) if the relevant Obligation is a Daily LIBOR Rate Loan, at a per annum rate equal to the Daily LIBOR Rate, plus the Daily LIBOR Rate Margin; and (iii) otherwise, at a per annum rate equal to the Base Rate, plus the Base Rate Margin.

  • If the date upon which an Adjusted LIBOR Rate Loan is to be converted to a Base Rate Loan or a Daily LIBOR Rate Loan is not a Business Day, then such conversion shall be made on the next succeeding Business Day and during the period from such last day of a LIBOR Interest Period to such succeeding Business Day such Loan shall bear interest as if it were a Base Rate Loan.

  • The Notice of Borrowing shall specify whether a LIBOR Rate Loan or a Daily LIBOR Rate Loan is being requested and if a LIBOR Rate Loan is requested, the LIBOR Interest Period selected by Borrower.

  • During the existence of an Event of Default, the Administrative Agent or the Required Lenders may require that (i) no Loans may be requested as, converted to or continued as LIBOR Loans or Daily LIBOR Rate Loans, and (ii) unless repaid, each (A) LIBOR Loan be converted to a Prime Rate Loan at the end of the Interest Period applicable thereto and (B) each Daily LIBOR Rate Loan be immediately converted to a Prime Rate Loan.

  • A Daily LIBOR Rate Loan shall continue as a Daily LIBOR Rate Loan unless and until converted to a Periodic LIBOR Rate Loan as provided hereunder.

  • Such notice shall specify the Loan which is to be converted to a Daily LIBOR Rate Loan.

  • At the end of the applicable Interest Period for a Periodic LIBOR Rate Loan, such Periodic LIBOR Rate Loan shall automatically be converted into a Daily LIBOR Rate Loan unless Borrower shall have given Bank a Conversion/Continuation Notice in the form of Exhibit B hereto (a "Conversion/Continuation Notice") requesting that, at the end of such Interest Period, all or a portion of such Periodic LIBOR Rate Loan be continued as a Periodic LIBOR Rate Loan.


More Definitions of Daily LIBOR Rate Loan

Daily LIBOR Rate Loan means a Swing Line Loan made pursuant to clause (ii) of the second sentence of Section 2.3.2(a) denominated in Dollars bearing interest at a rate determined by reference to the Daily LIBOR Rate.
Sample 1
Daily LIBOR Rate Loan means each portion of a Revolving Loan that bears interest at a rate determined by reference to Daily One Month LIBOR. “Daily LIBOR Rate Margin” has the meaning set forth in the definition of Applicable Margin. “Default” means an event, condition, or default that, with the giving of notice, the passage of time, or both, would be an Event of Default. “Default Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable. “Defaulting Lender” means any Lender that (a) has failed to (i) fund all or any portion of its Loans within two (2) Business Days of the date such Loans were required to be funded hereunder unless such Lender notifies Agent and Borrowers in writing that such failure is the result of such Lender’s determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable Default or Event of Default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to Agent, Issuing Bank, or any other Lender any other amount required to be paid by it hereunder (including in respect of its participation in Letters of Credit) within two (2) Business Days of the date when due, (b) has notified any Borrower, Agent or Issuing Bank in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates to such Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s determination that a condition precedent
Sample 1
Daily LIBOR Rate Loan has the meaning set forth in Section 6(a)(ii).
Sample 1

Related to Daily LIBOR Rate Loan

  • LIBOR Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the LIBOR Rate.

  • CDOR Rate Loan means a Loan denominated in Canadian Dollars the rate of interest applicable to which is based on the CDOR Rate.

  • Reference Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the Reference Rate.

  • Index Rate Loan means a Loan or portion thereof bearing interest by reference to the Index Rate.

  • LIBO Rate Loan means a Loan bearing interest, at all times during an Interest Period applicable to such Loan, at a fixed rate of interest determined by reference to the LIBO Rate (Reserve Adjusted).

  • Eurocurrency Rate Loan means a Loan that bears interest at a rate based on the Eurocurrency Rate.

  • Eurodollar Rate Loan means a Loan that bears interest at a rate based on the Eurodollar Rate.

  • Eurodollar Rate Borrowing means a Borrowing comprised of Eurodollar Rate Loans.

  • Eurocurrency Rate Advance means a Revolving Credit Advance denominated in Dollars or a Committed Currency that bears interest as provided in Section 2.07(a)(ii).

  • LIBOR Rate Loans means the Loans bearing interest with reference to the LIBOR Rate.

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

  • LIBOR Loan means a Loan or any portion thereof bearing interest by reference to the LIBOR Rate.

  • Eurodollar Rate Advance means an Advance that bears interest as provided in Section 2.06(a)(ii).

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Offshore Rate Loan means a Loan that bears interest based on the Offshore Rate.

  • Eurodollar Rate Committed Loan means a Committed Loan that bears interest at a rate based on the Eurodollar Rate.

  • Eurocurrency Advance means an Advance which, except as otherwise provided in Section 2.12, bears interest at the applicable Eurocurrency Rate.

  • Prime Rate Loan means a Loan that bears interest based on the Prime Rate.

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • Floating Rate Loan means a Loan which bears interest at the Floating Rate.

  • Eurocurrency Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Base Rate Loan means a Loan that bears interest based on the Base Rate.

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • Eurodollar Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurodollar Rate.