Interest Option means LIBOR or the Reference Rate.
Interest Option has the meaning given such term in Section 2.5(c).
Interest Option means each of LIBOR and the Prime Rate.
Examples of Interest Option in a sentence
Each Lender shall be entitled to fund all or any portion of its Lender Commitment in any manner it deems appropriate, consistent with the provisions of Section 2.05, but for the purposes of this Credit Agreement such Lender shall, regardless of such Lender’s actual means of funding, be deemed to have funded its Lender Commitment in accordance with the Interest Option selected from time to time by the Borrowers for such Borrowing period.
More Definitions of Interest Option
Interest Option means any of them.
Interest Option means each of the Eurocurrency Rate and the Base Rate.
Interest Option means SOFR or the Reference Rate.
Interest Option means any of them. Interest Payment Dates means (a) for Base Rate Borrowings, June 30, 2007 and the last Business Day of each March, June, September and December thereafter prior to the Revolving Loan Maturity Date, and the Revolving Loan Maturity Date and (b) for LIBOR Borrowings, the end of the applicable Interest Period (and if such Interest Period exceeds three months’ duration, quarterly, commencing on the first quarterly anniversary of the first day of such Interest Period), and the Revolving Loan Maturity Date. Interest Period means, for each LIBOR Borrowing, a period commencing on the date such LIBOR Borrowing began and ending on the numerically corresponding day which is, subject to availability as set forth in Section 3.3(c)(iii), 1, 2, 3, 6 or 12 months thereafter, as Borrower shall elect in accordance herewith; provided, (1) unless Agent shall otherwise consent, no Interest Period with respect to a LIBOR Borrowing shall commence on a date earlier than three (3) Business Days after this Agreement shall have been fully executed; (2) any Interest Period with respect to a LIBOR Borrowing which would otherwise end on a day which is not a LIBOR Business Day shall be extended to the next succeeding LIBOR Business Day, unless such LIBOR Business Day falls in another calendar month, in which case such Interest Period shall end on the next preceding LIBOR Business Day; (3) any Interest Period with respect to a LIBOR Borrowing which begins on the last LIBOR Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last LIBOR Business Day of the appropriate calendar month; (4) no Interest Period for a Loan shall ever extend beyond the Revolving Loan Maturity Date, and (5) Interest Periods shall be selected by Borrower in such a manner that the Interest Period with respect to any portion of the Loans which shall become due shall not extend beyond such due date.
Interest Option shall have the meaning ascribed to it in Section 2.9(a) hereof.
Interest Option means Borrowers' option to select an Adjusted LIBOR Rate or the Base Rate, as described more fully below.
Interest Option shall have the meaning assigned to such term in paragraph 6 hereof.