Examples of Fixed LIBOR Rate Loan in a sentence
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.
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.
Each Fixed LIBOR Rate Loan and each Variable Rate Loan shall be in a minimum amount of Two Hundred Fifty Thousand Dollars ($250,000.00).
Interest on each Fixed LIBOR Rate Loan (other than the Term Loan) shall be due and payable on the last day of the corresponding Fixed LIBOR Rate Funding Period and, if such Fixed LIBOR Rate Funding Period is longer than three months, also every third month during such Funding Period.
These would be required for accessing information through candidate login during the later stages of the recruitment process.4. Candidates are advised to take a print out of the submitted online application, same is required at the time of Document Verification and note down the user ID and password generated at the time of online registration.5. Candidates are advised to upload legible copies of the following documents while submitting online application in the space earmarked in the online application.
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.
All or any part of outstanding Floating LIBOR Rate Loans may be converted as provided herein; provided that (i) no Loan may be converted into a Fixed LIBOR Rate Loan when any Default or Event of Default has occurred and is continuing and (ii) partial conversions shall be in an aggregate principal amount of $250,000 or a whole multiple of $250,000 in excess thereof.
Absent due notice from the Borrower of conversion or renewal in the circumstances described in SECTION 2.10(a) hereof, any part of the Fixed LIBOR Rate Loan for which such notice is not received shall be converted automatically to the Floating Rate Option on the last day of the expiring Funding Period.
If the date upon which a Fixed LIBOR Rate Loan is to be converted to a Floating LIBOR Rate Loan is not a Business Day, then such conversion shall be made on the next succeeding Business Day and during the period from such last day of an Interest Period to such succeeding Business Day such Loan shall bear interest as if it were an Floating LIBOR Rate Loan.