Examples of Daily Reset LIBOR Rate in a sentence
Each Swing Line Loan shall bear interest on the outstanding principal amount thereof, for each day from and including the day such Swing Line Loan is made to but excluding the date it is paid, at the Borrower’s option, at a rate per annum equal to either (i) the Base Rate for such day, or (ii) the Daily Reset LIBOR Rate for such day, or another rate if agreed to by the Borrower and the Swing Line Lender.
All prepayments of Daily Reset LIBOR Rate Loans or Base Rate Loans shall be without premium.
Loans under the Swing Line shall be Daily Reset LIBOR Rate Loans.
Interest on each advance hereunder shall accrue at an annual rate equal to the Applicable Margin plus the Daily Reset LIBOR Rate.
Borrower may elect from time to time that all (or any portion) of the Revolving Advances (other than Advances with respect to Agent Advances and Overadvances) bear interest at the LIBOR Rate, the Adjusted Daily Reset LIBOR Rate or the Base Rate.