Existing LIBOR Loan definition

Existing LIBOR Loan means any LIBOR Loan other than the Term Loan P.
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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
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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.
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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, immediately prior to the Effective Date, a LIBOR Loan outstanding under, and as defined in, the Existing Credit Agreement.
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Existing LIBOR Loan means each LIBOR Loan outstanding immediately prior to the Amendment Effective Date.
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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.”;
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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.
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Related to Existing LIBOR Loan

  • LIBOR Loan means any portion of a Loan (other than a Base Rate Loan) bearing interest at a rate based on LIBOR.

  • 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.

  • 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.

  • Reference Rate Loan means any Committed Loan that bears interest at a rate determined with reference to the Reference Rate.

  • LIBOR Rate Loan means a Loan that bears interest based on LIBOR.

  • 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).

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

  • Term SOFR Rate Loan means a Loan made hereunder with respect to which the interest rate is calculated by reference to Term SOFR (other than a Loan for which clause (c) of the definition of Base Rate is used to determine Base Rate).

  • Eurodollar Loan means a Loan bearing interest based at a rate determined by reference to the Eurodollar Rate.

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

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

  • Dollar Loan means a Loan denominated in Dollars.

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

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

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

  • Eurocurrency Rate Advance means a Revolving Credit Advance or a Term Loan Advance denominated in Dollars or in an Agreed Currency which bears interest as provided in Section 2.07(b) or a Local Currency Advance which bears interest as provided in Section 2.07(b) and the Local Currency Addendum.

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

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

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

  • Eurocurrency Interest Period means with respect to any Eurocurrency Rate Borrowing, the period commencing on the date of such Borrowing and ending on the numerically corresponding day in the calendar month that is one, two, three or six months (or, to the extent agreed to by the Agent and each Lender making such Eurocurrency Rate Borrowing, twelve months or any shorter period) thereafter, as a Borrower may elect; provided that (a) if any Eurocurrency Interest Period would end on a day other than a Business Day, such Eurocurrency Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Eurocurrency Interest Period shall end on the next preceding Business Day, (b) any Eurocurrency Interest Period that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such Eurocurrency Interest Period) shall end on the last Business Day of the last calendar month of such Eurocurrency Interest Period and (c) no Eurocurrency Interest Period for any (i) Eurocurrency Rate Revolving Loan shall end after the latest Scheduled Termination Date for the applicable Revolving Commitments under the applicable Revolving Facility or (ii) Eurocurrency Rate Term Loans shall end after the stated maturity date of such Term Loans.

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

  • Prime Rate Loan means any Loan bearing interest at a rate determined by reference to the Prime Rate.

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • Eurocurrency Rate Loan means a Loan that bears interest at a rate based on the Eurocurrency Rate. Eurocurrency Rate Loans may be denominated in Dollars or in an Alternative Currency. All Loans denominated in an Alternative Currency must be Eurocurrency Rate Loans.

  • Eurocurrency Loan means any Eurocurrency Term Loan or Eurocurrency Revolving Loan.

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