LIBO Loan definition

LIBO Loan means any Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.
LIBO Loan means any Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Section 2.3.
LIBO Loan means any Loan that bears interest at rates based upon the LIBO Rate.

Examples of LIBO Loan in a sentence

  • During such period of suspension, the Loans that would otherwise be made by such Senior Lender as LIBO Loans shall be made instead by such Senior Lender as Base Rate Loans and each LIBO Loan made by such Senior Lender and outstanding will automatically, on the last day of the then existing Interest Period therefor if such Loan may lawfully remain outstanding until the end of such Interest Period, and otherwise immediately, convert into a Base Rate Loan.


More Definitions of LIBO Loan

LIBO Loan means any Working Capital Loan or LC Loan bearing interest at a rate determined by reference to LIBOR and the provisions of Article II (Working Capital Loans, Swing Line Loans and Commitments) and Article IV (Repayments, Interest and Fees).
LIBO Loan means any Loan or portion thereof that at the time of determination bears or will bear interest at a rate equal to the LIBO Rate.
LIBO Loan means any Loan that bears interest at rates based upon the Daily LIBO Rate or the LIBO Rate.
LIBO Loan. Any Loan bearing interest at a LIBO Rate.
LIBO Loan means any Commercial Bank Loan bearing interest at a rate determined by reference to LIBOR and the provisions of ARTICLE II (Commitments and Borrowing) and ARTICLE III (Repayments, Prepayments, Interest and Fees).
LIBO Loan means any Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II (other than a Prime Rate Loan).
LIBO Loan means any Revolving Credit Loan or the amount of the outstanding FILO Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II (other than a Prime Rate Loan).