Examples of LIBO Screen Rate in a sentence
Until an alternate rate of interest shall be determined in accordance with this Section 2.08(c) (but, in the case of the circumstances described in clause (ii)(w), (ii)(x) or (ii)(y) of the first sentence of this Section 2.08(c), only to the extent the applicable LIBO Screen Rate for such Interest Period is not available or published at such time on a current basis), clauses (A), (B), (C) and (D) of Section 2.08(b) shall be applicable.
Until an alternate rate of interest shall be determined in accordance with this paragraph (b) (but, in the case of the circumstances described in clause (ii) of the first sentence of this paragraph (b), only to the extent the LIBO Screen Rate for such Interest Period is not available or published at such time on a current basis), clauses (i) and (ii) of paragraph (a) of this Section shall be applicable.
Corresponding Tenor with respect to a Benchmark Replacement means a tenor (including overnight) having approximately the same length (disregarding business day adjustment) as the applicable tenor for the applicable Interest Period with respect to the LIBO Screen Rate.
The Company does not anticipate that the discontinuance of the LIBO Screen Rate will materially impact its liquidity or financial position.
The effective interest rate on the First Lien Term Loan Facility for each of the three months ended March 31, 2022 and 2021 was 3.39%.We also have a line of credit with a maximum principal amount of $100.0 million (the “Revolving Credit Facility”) which matures in October 2024 and bears interest at LIBO Screen Rate plus rates ranging from 2.50% to 3.00% on used amounts and 0.25% to 0.50% on unused amounts.