Examples of LIBO Rate Term Loans in a sentence
More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than eight (8) Borrowings of LIBO Rate Term Loans in the aggregate for all Tranches of Term Loans.
More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than ten (10) Borrowings of LIBO Rate Term Loans in the aggregate for all Tranches of Term Loans.
Upon receipt of such notice, the Company shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay the Term Loans of such Lender, either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such LIBO Rate Term Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such LIBO Rate Term Loans.
Upon receipt of such notice, the Co-Obligors jointly and severally agree, upon demand from such Lender (with a copy to the Administrative Agent), to prepay the Term Loans of such Lender, either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such LIBO Rate Term Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such LIBO Rate Term Loans.
All interest (including interest on LIBO Rate Term Loans) and fees shall be computed on the basis of the actual number of days (including the first day but excluding the last day) occurring during the period for which such interest or fee is payable over a year comprised of 360 days (or, in the case of interest on a Base Rate Loan (calculated at other than the Federal Funds Rate), 365 days or, if appropriate, 366 days).
If no Interest Period is specified with respect to any requested Borrowing of LIBO Rate Term Loans, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration.
Upon the Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period, the Borrower may revoke any request for a Borrowing at the LIBO Rate of, conversion to or continuation of LIBO Rate Term Loans to be made, converted or continued during any Benchmark Unavailability Period and, failing that, the Borrower will be deemed to have converted any such request into a request for a Borrowing of or conversion to Base Rate Term Loans.
The aggregate principal amount of each Borrowing of Term Loans under any Tranche shall not be less than the Minimum Borrowing Amount or (x) in the case of a Borrowing of LIBO Rate Term Loans, a whole multiple of $1,000,000 in excess thereof and (y) in the case of a Borrowing of Base Rate Term Loans, a whole multiple of $100,000 in excess thereof.
More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than fifteen (15) Borrowings of LIBO Rate Term Loans in the aggregate for all Tranches of Term Loans.
The Borrower and each Additional Tranche C Term Lender hereby agree pursuant to Section 2.24(d) of the Credit Agreement that the Additional Tranche C Term Loans made hereunder will be allocated ratably to each outstanding Borrowing of Tranche C Term Loans that are LIBO Rate Term Loans and ABR Term Loans under the Credit Agreement for purposes of determining the initial Applicable Rate thereon and Interest Period therefor.