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.

LIBO Rate Term Loan means each Term Loan which is designated as a Term Loan bearing interest at the LIBO Rate by Lead Borrower at the time of the incurrence thereof or conversion thereto.

LIBO Rate Term Loan means a Term Loan that bears interest at the Fixed LIBO Rate.

Examples of LIBO Rate Term Loan in a sentence

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.
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).
The “Base Rate” is defined as a fluctuating rate per annum equal to the highest of (a) the Federal Funds Rate plus one half of one percent, (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America (“BofA”) as its “prime rate,” and (c) the LIBO Rate for a LIBO Rate Term Loan with a one month interest period commencing on such day plus 1.0%.

More Definitions of LIBO Rate Term Loan

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

Base Rate Term Loan means a Term Loan that is a Base Rate Loan.
Base Rate Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.
Incremental Term Loan Borrowing Date means, with respect to each Incremental Term Loan, each date on which Incremental Term Loans are incurred pursuant to Section 2.01(b), which date shall be the date of the effectiveness of the respective Incremental Term Loan Commitment Agreement pursuant to which such Incremental Term Loans are to be made.
Incremental Term Loan has the meaning set forth in Section 2.14(b).
Extended Term Loans has the meaning specified in Section 2.15(a).
Alternative Currency Term Rate means, for any Interest Period, with respect to any Credit Extension:
Incremental Term Loans has the meaning specified in Section 2.14(a).
Alternative Currency Term Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Term Rate.” All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency.