LIBO Rate Term Loan definition

LIBO Rate Term Loan means each Term Loan designated as such by the Lead Borrower at the time of the incurrence thereof or conversion thereto.
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LIBO Rate Term Loan means each Term Loan which is designated as a Term Loan bearing interest at the LIBO Rate by the Borrower at the time of the incurrence thereof or conversion thereto.
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LIBO Rate Term Loan means each Term Loan which is designated as a Term Loan bearing interest at the LIBO Rate by the Borrower at the time of the incurrence thereof or conversion thereto. “LIBO Screen Rate” shall have the meaning provided in the definition of “LIBO Rate.” “LIBOR” shall have the meaning provided in the definition of “LIBO Rate”. “LIBOR Successor Rate” shall have the meaning provided in Section 2.16(a). “LIBOR Successor Rate Conforming Changes” shall mean, with respect to any proposed LIBOR Successor Rate, any conforming changes to the definition of Base Rate, the definition of Interest Period, the timing and frequency of determining rates and making payments of interest and other technical, administrative or operational matters as may be appropriate, in the discretion of the Administrative Agent, to reflect the adoption and implementation of such LIBOR Successor Rate and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent determines that adoption of any portion of such market practice is not administratively feasible or that no market practice for the administration of such LIBOR Successor Rate exists, in such other manner of administration as the Administrative Agent determines in consultation with the Borrower). 26
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Examples of LIBO Rate Term Loan in a sentence

  • For purposes of calculating amounts payable by the Co-Obligors to the Lenders under this Section 3.04, each Lender shall be deemed to have funded each LIBO Rate Term Loan made by it at the LIBO Rate used in determining the LIBO Rate for such Term Loan by a matching deposit or other borrowing in the London interbank LIBOR market for a comparable amount and for a comparable period, whether or not such LIBO Rate Term Loan was in fact so funded.

  • For purposes of calculating amounts payable by the Company to the Lenders under this Section 3.04, each Lender shall be deemed to have funded each LIBO Rate Term Loan made by it at the LIBO Rate used in determining the LIBO Rate for such Term Loan by a matching deposit or other borrowing in the London interbank LIBOR market for a comparable amount and for a comparable period, whether or not such LIBO Rate Term Loan was in fact so funded.

  • The Proposed Term Loan shall be a [LIBO Rate Term Loan] [Base Rate Term Loan] bearing interest at [the Fixed LIBO Rate] [the Base Rate].

  • Subject to Section 4.4 hereof, the Authority may prepay any LIBO Rate Term Loan, in whole or in part, on an Interest Payment Date provided at least three (3) Business Days’ prior written notice is given by the Authority to the Administrative Agent.

  • The Business Day of the Proposed Term Loan is , 20 (the “Advance Date”), which is at least [three (3) Business Days following the date hereof in the case of a LIBO Rate Term Loan] [the same Business Day as the date hereof in the case of a Base Rate Term Loan].

  • Each borrowing of, conversion to or continuation of a LIBO Rate Term Loan shall be in a principal amount of $100,000,000 or a whole multiple of $1,000,000 in excess thereof (or if less, in any case, the remaining principal amount thereof).

  • Notwithstanding the foregoing or anything to the contrary contained in this Agreement, (a) the initial Borrowing of the 2017 Additional Term Loans on the Amendment No. 1 Effective Date shall be a LIBO Rate Term Loan and (b) the Interest Period with respect to such 2017 Additional Term Loans shall commence on the Amendment No. 1 Effective Date and shall end on June 30, 2017 with the “LIBO Rate” equal to 1.044670% for such Interest Period.