Existing LIBOR Rate Loans definition

Existing LIBOR Rate Loans shall continue in full force and effect and shall continue to apply to each Existing LIBOR Rate Loan with an Interest Period (as defined in the Existing Credit Agreement) that commenced prior to the Amendment Effective Date solely until the expiration of the then current Interest Period for such Existing LIBOR Rate Loan; provided that from and after the Amendment Effective Date, (i) the Borrower shall not be permitted to request any Lender to fund, and no Lender shall fund, any LIBOR Rate Loan and (ii) no Loan may be continued as, or converted to, a LIBOR Rate Loan.
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Existing LIBOR Rate Loans means the "LIBOR Rate Loans" (as such term is defined in the Prior Credit Agreement) made by the Existing Lenders to the Borrowers under the Prior Credit Agreement, as described on Schedule 1.1 (Existing Loans), which on the Closing Date shall be repaid in accordance with Section 12.21 of this Agreement.
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Existing LIBOR Rate Loans means the two LIBOR Rate Loans (as such term is defined in the Original Credit Agreement) made by First Union to the Borrowers under the Original Credit Agreement, in the aggregate principal amount of $1,600,000, which shall be deemed converted to European Swingline Loans made as LIBOR Rate Loans on the Closing Date.
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Examples of Existing LIBOR Rate Loans in a sentence

  • Any such Existing LIBOR Rate Loans shall continue to be governed by the relevant provisions of the Existing Loan Agreement (as in effect immediately prior to the effectiveness of this Agreement) applicable to LIBOR Rate Loans until the earlier of (x) the repayment of such Loans or (y) the effective date of any conversion of such Loans pursuant to the Specified Conversion (as defined below).

  • Any such Existing LIBOR Rate Loans shall continue to be governed by the relevant provisions of the Credit Agreement (as in effect immediately prior to the effectiveness of this Agreement) applicable to LIBOR Rate Loans until the earlier of (x) the repayment of such Loans or (y) the effective date of any conversion of such Loans pursuant to the conversion set forth in the immediately preceding sentence.

  • Any interest accrued on such Existing LIBOR Rate Loans prior to the Amendment No. 2 Effective Date will be payable to the Lenders on the relevant Interest Payment Date (as defined in the Credit Agreement immediately prior to giving effect to this Amendment).


More Definitions of Existing LIBOR Rate Loans

Existing LIBOR Rate Loans as defined in Section 2.3(e).
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Existing LIBOR Rate Loans shall continue to accrue interest based on the LIBOR (plus the Applicable Margin applicable to such LIBOR Rate Loans as in effect immediately before the Amendment No. 4 Effective Date) and their applicable existing Interest Periods until the last day of the Interest Period applicable to each such Existing LIBOR Rate Loan, provided that in no event shall an Existing LIBOR Rate Loan be permitted to be continued as a LIBOR Rate Loan after the termination or expiration of its applicable Interest Period, and thereafter, all Existing LIBOR Rate Loans shall either be SOFR Loans or Base Rate Loans as determined in accordance with this Agreement, and (ii) subject to any express limitations set forth in the immediately preceding clause (i), the terms of the Agreement in effect
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Related to Existing LIBOR Rate Loans

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

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

  • Fixed Rate Loans means Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.

  • Prime Rate Loans means any Loans or portion thereof on which interest is payable based on the Prime Rate in accordance with the terms thereof.

  • 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).

  • Base Rate Loans Loans the rate of interest applicable to which is based upon the Base 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.

  • 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.

  • Eurodollar Rate Loans means any Loans or portion thereof on which interest is payable based on the Adjusted Eurodollar Rate in accordance with the terms hereof.

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

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

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

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

  • Canadian Prime Rate Loans means any Canadian Dollar Revolving Loan during the period which it bears interest at a rate determined by reference to the Canadian Prime Rate.

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

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

  • 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).

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

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • Eurodollar Loans Loans the rate of interest applicable to which is based upon the Eurodollar 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.

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

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

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

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

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