IBOR Loan definition

IBOR Loan means a Loan that bears interest based on the IBOR.
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IBOR Loan means each Loan designated as such by the respective Borrower at the time of the incurrence thereof or conversion thereto bearing interest at the rates provided in Section 1.08(c).
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IBOR Loan means a Loan that bears interest determined in relation to the IBOR Rate, which shall be in a minimum amount of
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Examples of IBOR Loan in a sentence

  • Thereafter, the obligation of the Lenders to make or maintain IBOR Loans, as the case may be, hereunder shall be suspended until the Requisite Lenders revoke such notice in writing to the Company and the Administrative Agent; provided, however, that no outstanding IBOR Loan shall be terminated prior to the expiration of the Interest Period unless required by law.

  • Solely for purposes of calculating amounts payable by any Borrower to a Lender under this Section, each IBOR Loan (and each related reserve, special deposit or similar requirement) shall be conclusively deemed to have been funded at Adjusted IBOR used in determining Adjusted IBOR for such IBOR Loan by a matching deposit or other borrowing in the relevant currency in the interbank deposit market for a comparable amount and for a comparable period, whether or not such IBOR Loan is in fact so funded.

  • Conversion of a Base Rate Loan to an IBOR Loan, or an IBOR Loan to a Base Rate Loan, or the continuation of an IBOR Loan to another IBOR Loan, shall not be deemed to be a repayment or prepayment for purposes of the preceding sentence.

  • Furthermore, it shares using A-RS-Share the values which it got as R , in each of the invocations of ICP-Gen.

  • In the absence of an effective request for the application of an IBOR Rate (including, without limitation, as of the last day of the Applicable Interest Period of any IBOR Loan), the Loans shall accrue interest at the Adjusted Base Rate.

  • No IBOR Loan shall be converted to a Base Rate Loan or renewed on any day other than the last day of the current Interest Period relating to such amounts outstanding unless Borrowers pay any applicable Breakage Charges.

  • If Borrowers fail to give a Continuation/Conversion Notice for the continuation of a IBOR Loan as a IBOR Loan for a new Interest Period in accordance with this Section 2.06(c), such IBOR Loan shall automatically become a Base Rate Loan at the end of its then current Interest Period.

  • Each request for a proposed borrowing of an IBOR Loan shall be made upon at least two (2) Banking Days' prior written or telephonic notice from Borrower received by the Bank prior to 2:00 p.m., Chicago, Illinois time.

  • If the Requisite Lenders shall have advised the Agent of the Requisite Lenders’ determination that for any reason adequate and reasonable means do not exist for ascertaining IBOR for any requested Interest Period with respect to a proposed IBOR Loan or that IBOR for any requested Interest Period with respect to a proposed IBOR Loan does not adequately and fairly reflect the cost to such Lender of funding such Loan, the Administrative Agent will forthwith give notice of such determination to the Company.

  • Interest on each IBOR Loan will be payable on the last day of the Interest Period for such Loan, and, if the Interest Period exceeds 90 days, on the 90th day of such Interest Period.


More Definitions of IBOR Loan

IBOR Loan means each portion of the total unpaid principal under the Credit Facility which bears interest at a rate determined by reference to the IBO Rate plus the Applicable Margin.
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IBOR Loan means a Loan bearing interest at an IBOR Rate. "IBOR Rate" means, with respect to any Loan for any
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IBOR Loan means any Swingline Loan that bears interest at a rate based upon the IBOR Rate.
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IBOR Loan means a Loan that bears interest determined in relation to the IBOR Rate.
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IBOR Loan means any Revolving Loan bearing interest at a rate determined by reference to the IBO Rate.
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Related to IBOR Loan

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

  • Eurodollar Loan means any Loan bearing interest at a rate determined by reference to the Eurodollar Rate.

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

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

  • Eurocurrency Loan means any Eurocurrency Term Loan or Eurocurrency Revolving Loan.

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

  • Dollar Loan means a Loan denominated in Dollars.

  • Absolute Rate Loan means a Bid Loan that bears interest at a rate determined with reference to an Absolute 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).

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

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

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

  • Bid Rate Loan means a loan made by a Lender under Section 2.2.

  • LIBO Rate Advance means a Pro Rata Advance that bears interest as provided in Section 2.04(a)(ii).

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

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

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

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

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

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

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