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LIBO Rate Term Loans definition

LIBO Rate Term Loans means Term Loans bearing interest based on the LIBO Rate.

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 Borrower shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay or, if applicable, convert all LIBO Rate Term Loans of such Lender to Base Rate Term Loans, 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 Borrower may revoke any pending Notice of Borrowing for a Borrowing of, and any pending Notice of Continuation/Conversion for a conversion to or continuation of LIBO Rate Term Loans (to the extent of the affected LIBO Rate Term Loans or Interest Periods) or, failing that, will be deemed to have converted such request into a request for a Borrowing of Base Rate Term Loans (subject to the foregoing clause (y)) in the amount specified therein.

  • Upon receipt of such notice, the Borrowers shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay or, if applicable, convert all LIBO Rate Term Loans of such Lender to Base Rate Term Loans, 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.

  • The interest rate on LIBO Rate Term Loans is determined by reference to the LIBO Rate, which is derived from the London interbank offered rate.

  • The Administrative Agent will promptly notify Borrower, pursuant to Section 2.16(e), of any change to the reference rate upon which the interest rate on LIBO Rate Term Loans is based.

  • Modification in the ENR property register to remove these land plots took place.

  • As a result, it is possible that commencing in 2022, the London interbank offered rate may no longer be available or may no longer be deemed an appropriate reference rate upon which to determine the interest rate on LIBO Rate Term Loans.

  • The employee shall wear appropriate safety clothing when required and use appropriate safety equipment as required by the employer and in accordance with the client’s workplace standard.

Related to LIBO Rate Term Loans

  • Base Rate Term Loan means any portion of a Term Loan during any period in which such portion bears interest based on the Base Rate.

  • Eurocurrency Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Eurodollar Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • LIBOR Term Loan means any Term Loan bearing interest at a rate determined by reference to the LIBOR Rate.

  • Original Term Loans means the "Term Loans" under, and as defined in, the Original Credit Agreement.

  • New Term Loans as defined in Section 2.24.

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • 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.

  • Tranche B Term Loans means the Loans made by Lenders to Company pursuant to subsection 2.1A(ii).

  • Incremental Term Loans has the meaning specified in Section 2.14(a).

  • ABR Term Loan means any Term Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Base Rate Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.

  • Replaced Term Loans has the meaning assigned to such term in Section 9.02(c).

  • Initial Term Loans means the term loans made by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01(a).

  • Additional Term Loans means any term loan added pursuant to Section 2.22, 2.23 or 9.02(c).

  • Other Term Loans means one or more Classes of Term Loans that result from a Refinancing Amendment.

  • Replacement Term Loans has the meaning specified in Section 10.01.

  • Refinanced Term Loans shall have the meaning provided in Section 13.1.

  • Incremental Term A Loans has the meaning specified in Section 2.14(a).

  • Eurodollar Rate Committed Loan means a Committed Loan that bears interest at a rate based on the Eurodollar Rate.

  • Incremental Term Borrowing means a Borrowing comprised of Incremental Term Loans.

  • Tranche A Term Loans means Loans made by the Tranche A Term Lenders pursuant to Section 2.01(a).

  • Alternative Currency Term Rate means, for any Interest Period, with respect to any Credit Extension:

  • LIBOR Rate Option means the option of the Borrower to have Loans bear interest at the rate and under the terms set forth in Section 4.1.1(a)(ii) [Revolving Credit LIBOR Rate Option].

  • Incremental Term B Loans has the meaning specified in Section 2.14(a).

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).