Existing LIBOR Loan definition

Existing LIBOR Loan means any LIBOR Loan other than the Term Loan P.

Existing LIBOR Loan means any LIBOR Loan that is outstanding on the effective date of the Part A Amendments for which the current Interest Period is or was set prior to the such date; and

Existing LIBOR Loan means a loan outstanding under the Existing Credit Agreement on the Effective Date that is a LIBOR Floating Rate Loan (as defined in the Existing Credit Agreement) or a Eurocurrency Rate Loan (as defined in the Existing Credit Agreement) denominated in Dollars.

Examples of Existing LIBOR Loan in a sentence

• The Borrower hereby acknowledges and agrees that, from and after the First Amendment Effective Date, (i) the Borrower shall not be permitted to request any Lender to fund, and no Lender shall fund, any LIBOR Loan and (ii) no Existing LIBOR Loan may be continued as a LIBOR Loan.

• For the avoidance of doubt, the Lenders are under no obligation to extend credit to the Borrower by way of converting all or a portion of an outstanding Existing LIBOR Loan into a new Existing LIBOR Loan if such outstanding Existing LIBOR Loan matures on or after the Effective Date.

• From and after the Eighth Amendment Effective Date, (x) the Borrower shall not be permitted to request that any Lender fund, and no Lender shall fund, any LIBOR Rate Loan, (y) no Existing LIBOR Loan may be continued as a LIBOR Rate Loan and (z) each Existing LIBOR Loan may be converted to a Term SOFR Rate Loan or a Base Rate Loan in accordance with the Credit Agreement.

• Any such Existing LIBOR Loans shall continue to be governed by the relevant provisions of the Credit Agreement applicable to LIBOR Loans (as defined in the Existing Agreement) until the repayment of such Existing LIBOR Loans at the end of the then-current Interest Period applicable to such Existing LIBOR Loan or the conversion of such Existing LIBOR Loans in accordance with the terms of the Credit Agreement.

• On and as of the Effective Date, (a) each Existing LIBOR Loan shall be automatically converted to a LIBOR Loan having the same Applicable Rate and the same remaining interest period as such Existing LIBOR Loan, and (b) each Existing ABR Loan shall be automatically converted to an ABR Loan.

• The Borrower hereby acknowledges and agrees that, from and after the Second Amendment Effective Date, (i) the Borrower shall not be permitted to request any Lender to fund, and no Lender shall fund, any LIBOR Loan and (ii) no Existing LIBOR Loan may be continued as a LIBOR Loan.

• Upon the LIBOR Expiration Date for each Existing LIBOR Loan, such Loan shall cease to bear interest at a rate that is based upon LIBOR and each such Existing LIBOR Loan shall be converted or repaid, as applicable, in accordance with the Loan Agreement.

• Upon written notice to such effect to the Borrower at such time as a Default has occurred and is continuing, the Administrative Agent may, on the maturity date of a Term Benchmark Loan or Existing LIBOR Loan convert such Term Benchmark Loan or such Existing LIBOR Loan, as the case may be, into a Base Rate Loan as though a notice to such effect had been given in accordance with Section ‎6.2.

• For the avoidance of doubt, the Lenders will be under no obligation to continue to extend credit to the Borrower by way of an Existing LIBOR Loan or to replace all or a portion of any outstanding Existing LIBOR Loan, as the case may be, if such outstanding Existing LIBOR Loan matures on or after the Effective Date.

More Definitions of Existing LIBOR Loan

Existing LIBOR Loan means any LIBOR Loan outstanding under this Agreement prior to the effective date of the First Amendment with a Libor Interest Period expiring after the effective date of the First Amendment.”;

Existing LIBOR Loan means each LIBOR Loan outstanding immediately prior to the Amendment Effective Date.

Existing LIBOR Loan means monies lent by the Lenders to the Borrower in U.S. Dollars and upon which interest accrues at a rate referable to the Existing LIBOR Rate.

Existing LIBOR Loan means, immediately prior to the Effective Date, a LIBOR Loan outstanding under, and as defined in, the Existing Credit Agreement.

Existing LIBOR Loan means each LIBOR Loan outstanding immediately prior to the Amendment Effective Date. “Failure” has the meaning set forth in Section 8.08(b) hereof. “FATCA” means Sections 1471 through 1474 of the Internal Revenue Code, as of the Effective Date (or any amended or successor version that is substantively comparable and not materially more onerous to comply with) and any current or future regulations or official interpretations thereof (provided such regulations or official interpretations are substantively comparable and not materially more onerous to comply with) and any agreement entered into pursuant to Section 1471(b)(1) of the Internal Revenue Code. “Fed Funds Business Day” shall mean any day upon which overnight federal funds transactions are conducted. “Federal Funds Effective Rate” shall mean, for any day, the rate per annum calculated by the FRBNY, based on the prior day's overnight federal funds transactions (as determined in such manner as the FRBNY shall set forth on its public website from time to time), as the federal funds effective rate (which rate is, in general, published by the FRBNY on such day for the prior

Existing LIBOR Loan means each LIBOR Loan outstanding immediately prior to the Amendment Effective Date. “Failure” has the meaning set forth in Section 8.08(b) hereof. USA.605252047.1/MPD 12