Examples of LIBO Rate Revolving Loan in a sentence
As provided in Section 2.3(c) hereof, the Authority may elect that any such Revolving Loan bear interest at a Base Rate or at a Fixed LIBO Rate, or continue as or convert to a LIBO Rate Revolving Loan or a Base Rate Revolving Loan, as the case may be.
Upon receipt of such notice, the Authority shall, upon demand from the Bank, prepay or, if applicable, convert all LIBO Rate Revolving Loans to Base Rate Revolving Loans, either on the last day of the Rate Period therefor if the Bank may lawfully continue to maintain such LIBO Rate Revolving Loan to such day, or if the Bank may not lawfully continue to maintain a LIBO Rate Revolving Loan through the last day of the Rate Period therefor, then immediately upon demand.
Subject to Section 4.4 hereof, the Authority may prepay any LIBO Rate Revolving Loan, in whole or in part, on an Interest Payment Date provided at least three (3) London Banking Days’ prior written notice is given by the Authority to the Bank.
If the Bank determines that for any reason in connection with any request for a LIBO Rate Revolving Loan or a conversion to or continuation thereof that (a) Dollar deposits are not being offered to banks in the London interbank eurodollar market for the applicable amount and, if applicable, Rate Period or (b) adequate and reasonable means do not exist for determining the LIBO Rate for any requested Rate Period, the Bank will promptly so notify the Authority.
Thereafter, the obligation of the Bank to make or maintain or fund LIBO Rate Revolving Loans or to convert to a LIBO Rate Revolving Loan shall be suspended until the Bank revokes such notice.
Except with respect to one borrowing on any date prior to the Termination Date in a principal amount of , each borrowing of, conversion to or continuation of a LIBO Rate Revolving Loan shall be in a principal amount of or a whole multiple of in excess thereof.
Except with respect to one borrowing on any date prior to the Termination Date in a principal amount of each borrowing of, conversion to or continuation of a LIBO Rate Revolving Loan shall be in a principal amount of or a whole multiple of in excess thereof.
Except with respect to one borrowing made on the Effective Date in a principal amount of $ and one borrowing made on the First Amendment Effective Date in a principal amount of $ , each borrowing of, conversion to or continuation of a LIBO Rate Revolving Loan shall be in a principal amount of $ or a whole multiple of $ in excess thereof.
Except with respect to one borrowing made on the Effective Date in a principal amount of$ and one borrowing made on the First Amendment Effective Date in a principal amount of $ , each borrowing of, conversion to or continuation of a LIBO Rate Revolving Loan shall be in a principal amount of $ or a whole multiple of $ in excess thereof.