Floating Rate LIBOR Loan definition

Floating Rate LIBOR Loan means any Floating Rate Loan other than a Floating Rate Fed Funds Loan or a Floating Rate Prime Rate Loan.
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Examples of Floating Rate LIBOR Loan in a sentence

  • In addition, at Borrower’s option, each existing BBA LIBOR Rate (Adjusted Periodically) LIBOR Loan shall be immediately (i) converted to a BBA LIBOR Daily Floating Rate LIBOR Loan on the last Business Day of the then existing Interest Period, or (ii) due and payable on the last Business Day of the then existing Interest Period, without further demand, presentment, protest or notice of any kind, all of which are hereby waived by Borrower.

  • A request for a BBA LIBOR Daily Floating Rate LIBOR Loan must be received by Lender no later than 11:00 a.m. Chicago, Illinois time, on the day it is to be funded.

Related to Floating Rate 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.

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

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

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

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