Fixed LIBOR Rate Loan definition

Fixed LIBOR Rate Loan means a Loan that bears interest at a rate based on clause (a) of the definition of “Fixed LIBOR Rate”. Fixed LIBOR Rate Loans may be denominated in Dollars or in an Alternative Currency. All Loans denominated in an Alternative Currency must be Fixed LIBOR Rate Loans.
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Fixed LIBOR Rate Loan means Loans the rate of interest applicable to which is based on the Fixed LIBOR Rate.
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Fixed LIBOR Rate Loan means any Loan or other principal outstanding under this Agreement which bears interest at the Adjusted Fixed LIBOR Rate. Floating LIBOR Rate shall mean, as to any Floating LIBOR Rate Loan as of any date of determination (as recalculated daily following the making of any such Floating LIBOR Rate Loan), a fluctuating rate of interest equal to the British Bankers Association LIBOR Rate (“BBA LIBOR”) (rounded upward, if necessary, to the nearest one hundred-thousandth of a percentage point) for one month deposits in U.S. Dollars as published by Reuters (or another commercially available source providing quotations of BBA LIBOR as selected by Lender from time to lime) at approximately 31:00 a.m. (London lime) on the second preceding Business Day (or, to the extent any Lender is unable, as a result of administrative or other matters, to calculate or lend at such rate on a daily basis, but is able to calculate and lend at such rate based on the rate determined as of the most recent day constituting the first Business Day of a calendar month, as of line most recent day constituting the First Business Day of a calendar month). If for any reason such rate is not available, the term “Floating LIBOR Rate” shall, for each day, mean the fluctuating rate of interest equal to the one month rate of interest (rounded upwards to the next higher 1/100 of 1%) appearing on such other page or service selected by Administrative Agent that shows the one month BBA LIBOR for deposits in U.S. Dollars (for delivery on the second succeeding Business Day) at approximately 11:00 a.m. (London time) on the second preceding Business Day (or, if applicable, the most recent day constituting the first Business Day of a calendar month); provided, however, if more than one rate is specified on such other page or service, the applicable rate shall be the arithmetic mean of all such rates. In the event that the Board of Governors of the Federal Reserve System shall impose a Reserve Percentage with respect to LIBOR Rate deposits of Administrative Agent, then for any period during which such Reserve Percentage shall apply, the Floating LIBOR Rate shall be equal to the amount determined above divided by an amount equal to 1 minus the Reserve Percentage.
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Examples of Fixed LIBOR Rate Loan in a sentence

  • For purposes of calculating amounts payable by the Borrowers to the Lenders under this Section 3.05, each Lender shall be deemed to have funded each Fixed LIBOR Rate Loan made by it at the Fixed LIBOR Rate used in determining the Fixed LIBOR Rate for such Loan by a matching deposit or other borrowing in the offshore interbank market for such currency for a comparable amount and for a comparable period, whether or not such Fixed LIBOR Rate Loan was in fact so funded.

  • Subject to the provisions and limitations of this Agreement, the Borrower may select different Options to apply simultaneously to different Revolving Credit Loans and may select different Funding Periods to apply simultaneously to different parts of each Fixed LIBOR Rate Loan.

  • If any payment on a Fixed LIBOR Rate Loan becomes due and payable on a day other than a London Business Day, the maturity thereof shall be extended to the next succeeding London Business Day unless the result of such extension would be to extend such payment into another calendar month, in which event such payment shall be made on the immediately preceding London Business Day.

  • The total aggregate amount of the Exercise Proceeds has been applied to the prepayment of the 2019 Note whereby US$1,263,885 has been applied to the remaining US$7,886,659 principal of the 2019 Note, US$25,278 has been paid as a prepayment penalty pursuant to the terms of the 2019 Note and US$30,472 has been paid in accrued interest.

  • If Borrower shall make more than three (3) interest rate selections in any thirty (30) day period, excluding conversions of outstanding Loans made at the end of an applicable Interest Period of any previously outstanding Fixed LIBOR Rate Loan, Administrative Agent may impose and Borrower shall pay a reasonable processing fee for each such additional selection.

  • If such notice is given the Loan that was to have been converted to or continued as a Fixed LIBOR Rate Loan on the first day of such Interest Period shall be converted to or continued as a Floating Rate Loan.

  • Whenever any payment or action to be made or taken hereunder or under any other Loan Document shall be stated to be due on a day which is not a Business Day (or a London Business Day with respect to a Fixed LIBOR Rate Loan), such payment or action shall be made or taken on the next following Business Day (or the next following London Business Day, as the case may be) and such extension of time shall be included in computing interest or fees, if any, in connection with such payment or action.

  • Until such notice has been withdrawn by the Lender, the Term Loan shall not be made as or converted to or continued as a Fixed LIBOR Rate Loan.

  • If the Borrower shall fail to give timely notice of an election to continue a Fixed LIBOR Rate Loan, or the continuation of Fixed LIBOR Rate Loans is not permitted hereunder, such Fixed LIBOR Rate Loans shall be automatically converted to Floating LIBOR Rate Loans at the end of the applicable Interest Period with respect thereto.

  • If any payment hereunder (other than payments on a Fixed LIBOR Rate Loan) becomes due and payable on a day other than a Business Day, such payment date shall be extended to the next succeeding Business Day, and interest thereon shall be payable at the then applicable rate during such extension.


More Definitions of Fixed LIBOR Rate Loan

Fixed LIBOR Rate Loan means a Loan that bears interest at a rate based on clause (a) of the definition of “Fixed LIBOR Base Rate”. Fixed LIBOR Rate Loans may be denominated in Dollars or in an Alternative Currency. All Loans denominated in an Alternative Currency must be Fixed LIBOR Rate Loans. “Fixed LIBOR Rate Reserve Percentage” means, for any day, the reserve percentage (expressed as a decimal, carried out to five decimal places) in effect on such day, whether or not applicable to any Lender, under regulations issued from time to time by the FRB for determining the maximum reserve requirement (including any emergency, supplemental or other marginal reserve requirement) with respect to Eurocurrency funding (currently referred to as “Eurocurrency liabilities”). The Fixed LIBOR Rate for each outstanding Fixed LIBOR Rate Loan and for each outstanding Base Rate Loan bearing interest at a rate based on the Fixed NYDOCS02/1161559.5 18
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Fixed LIBOR Rate Loan means a Loan bearing interest at the Tax-Exempt Fixed Rate
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Fixed LIBOR Rate Loan means a Loan that bears interest at a rate based on c lauses (a) or (b) of the definition of “Fixed LIBOR Base Rate”. Fixed LIBOR Rate Loans may be denominated in Dollars or in an Alternative Currency. All Loans denominated in an Alternative Currency must be Fixed LIBOR Rate Loans.
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Related to Fixed 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.

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

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

  • 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).

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

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

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

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

  • 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.

  • 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.

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

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

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

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

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

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

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

  • 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.

  • Canadian Base Rate Loan means a Canadian Loan that bears interest at a rate per annum determined by reference to the Canadian Prime Rate.

  • 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.