Floating LIBOR Loan definition

Floating LIBOR Loan means a Loan that bears interest based on the Floating LIBOR Rate (including a Swing Line Loan).
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Floating LIBOR Loan means any Revolving Credit Loan bearing interest at a rate determined by reference to Floating LIBOR in accordance with the provisions of Article 2.
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Floating LIBOR Loan means means any Loan with respect to which the interest rate is calculated by reference to the Floating LIBOR Rate, as set forth in Section 2.6.
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Examples of Floating LIBOR Loan in a sentence

  • Within the foregoing limits, and subject to the other terms and conditions hereof, Borrower may borrow under this Section 2.4, prepay under Section 3.2, and reborrow under this Section 2.4. Each Swing Line Loan shall be a Daily Floating LIBOR Loan.

  • Accrued interest on each Base Rate Loan, Canadian Prime Rate Loan, Daily Floating LIBOR Loan and Swing Line Loan shall be payable in arrears on the last Business Day of each calendar quarter and at maturity.

  • Until each Lender funds its Floating LIBOR Loan or risk participation pursuant to this Section 2.04 to refinance such Lender’s Applicable Percentage of any Swing Line Loan, interest in respect of such Applicable Percentage shall be solely for the account of the Swing Line Lender.

  • Each Lender shall make an amount equal to its Applicable Percentage of the amount specified in such Committed Loan Notice available to Agent in immediately available funds for the account of Swing Line Lender at the Administrative Agent’s Office not later than 1:00 p.m. on the day specified in such Committed Loan Notice, whereupon, subject to Section 2.04(c)(ii), each Lender that so makes funds available shall be deemed to have made a Floating LIBOR Loan to Borrower in such amount.

  • The Borrower shall have the right (a) to designate any portion of an Advance or the Oasis Acquisition Loan to be a LIBOR Loan, (b) to Continue any LIBOR Loan or portion thereof into a subsequent Interest Period, and (c) to Convert any Base Rate Loan or Floating LIBOR Loan into a LIBOR Loan, subject in each case to the selection of Interest Periods in accordance with the definition thereof, and the provisions set forth below.

  • Each Lender will make available to the Agent at the Principal Office for the account of Swingline Lender, in immediately available funds, the proceeds of the Floating LIBOR Loan to be made by such Lender.

  • In the event that the Borrower fails to select the Type of Loan, or the duration of any Interest Period for any LIBOR Loan, within the time period and otherwise as provided in this Section 4.6, such Loan (if outstanding as a LIBOR Loan) will be automatically Converted into a Floating LIBOR Loan on the last day of the then current Interest Period for such Loan or (if outstanding as a Floating LIBOR Loan) will remain as, or (if not then outstanding) will be made as, a Floating LIBOR Loan.

  • During such periods as such Loan is a LIBOR Loan or a Floating LIBOR Loan, at a rate per annum equal to, as applicable, the Floating LIBOR Rate or the Adjusted LIBOR for the applicable Interest Period, plus the Applicable LIBOR Margin in effect from time to time.


More Definitions of Floating LIBOR Loan

Floating LIBOR Loan means a Loan bearing interest at a rate based on Floating LIBOR.
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Floating LIBOR Loan means any Revolving Loan bearing interest at a rate based upon the Daily One-Month LIBOR Rate.
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Floating LIBOR Loan means any loan (or portion thereof) bearing interest at a rate determined by reference to FLOATING LIBOR as defined herein; and "BASE RATE LOAN" shall mean any Loan (or portion thereof) bearing interest at a rate of interest determined by reference to the BASE RATE as defined herein.
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Related to Floating LIBOR Loan

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

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

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

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

  • Floating Rate Advance means an Advance which bears interest at the Floating Rate.

  • Floating Rate Interest Period means, during the Floating Rate Period, the period beginning on (and including) a Floating Rate Period Interest Payment Date and ending on (but excluding) the next succeeding Floating Rate Period Interest Payment Date; provided that the first Floating Rate Interest Period will begin on (and include) April 18, 2025 and will end on (but exclude) the first Floating Rate Period Interest Payment Date.

  • Eurocurrency Base Rate has the meaning specified in the definition of Eurocurrency 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.

  • 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 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.

  • Money Market LIBOR Loan means a loan to be made by a Bank pursuant to a LIBOR Auction (including such a loan bearing interest at the Base Rate pursuant to Section 8.01(a)).

  • LIBOR Daily Floating Rate means, for any day, a fluctuating rate of interest per annum equal to LIBOR as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by Administrative Agent from time to time), at approximately 11:00 a.m., London time, two (2) London Banking Days prior to such day, for Dollar deposits with a term of one (1) month commencing that day; provided that if the LIBOR Daily Floating Rate shall be less than zero, such rate shall be deemed zero for purposes of the Loan Documents.

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

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

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

  • LIBOR has the meaning specified in the definition of Eurodollar 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.

  • Reference Rate Advance means an Advance which bears interest as provided in Section 2.09(a).

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

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

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

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

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

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.