LIBOR Adjusted Rate with respect to each day during each Interest Period pertaining to a LIBOR Loan, a rate per annum determined for such day in accordance with the following formula (rounded upward to the nearest 1/100th of 1%):

LIBOR Adjusted Rate means the LIBOR Rate, plus two and three-quarters percent (2.75%) per annum.

Examples of LIBOR Adjusted Rate in a sentence

If Maker elects to have the LIBOR Adjusted Rate apply, it shall advise Payee in writing by delivery to Payee of the LIBOR Election Notice attached hereto as Exhibit “A”, of its election and the LIBOR Period and LIBOR Increment for which Maker desires said rate to apply not later than 10:00 a.m., Central Standard Time or Central Daylight Time (as applicable), two (2) Business Days prior to the LIBOR Period Commencement Date.
In the absence of an effective election by Maker of the LIBOR Adjusted Rate in accordance with the above procedures prior to the expiration of the then current LIBOR Period with respect to any LIBOR Increment, interest on such LIBOR Increment shall accrue at the CB Floating Rate, effective immediately upon the expiration of such LIBOR Period.
If Maker elects the LIBOR Adjusted Rate, but the applicable LIBOR Period will commence on a date which is not a Business Day, such LIBOR Period shall be deemed to commence on the next Business Day after it would otherwise commence, and any interest which accrues hereunder in the interim shall accrue at the Applicable Rate.
After Maker has designated a LIBOR Increment to which the LIBOR Adjusted Rate shall apply, such rate shall apply to the LIBOR Increment for the duration of the LIBOR Period.
The Agent shall as soon as practicable notify the Borrower and the Lenders of each determination of a LIBOR Adjusted Rate.

More Definitions of LIBOR Adjusted Rate

LIBOR Adjusted Rate means, with respect to any LIBOR Loan, a rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) determined by Agent to be equal to the quotient of (i) LIBOR for such Loan for the Interest Period for such Loan divided by (ii) 1 minus the Reserve Requirement for such Loan for such Interest Period.

LIBOR Adjusted Rate means the LIBOR Rate, plus two and one-half percent (2.50%) per annum.

LIBOR Adjusted Rate means, on any day, a rate per annum equal to the lesser of:

LIBOR Adjusted Rate means the rate per annum equal to the sum of the Applicable Margin and One-Month LIBOR, rounded upward to the nearest 1/16th of 1%, as determined on each Continuation Date; and being a variable interest rate which is subject to adjustment on each Continuation Date in accordance with changes in the One-Month LIBOR. As of the date of the Credit Agreement, One-Month LIBOR equals 0.44% per annum and the LIBOR Adjusted Rate equals 4.125% per annum.

LIBOR Adjusted Rate means, with respect to each particular LIBOR Advance and the associated LIBOR Rate, the rate per annum calculated by Agent (rounded upwards, if necessary, to the next higher 0.01%) determined on a daily basis pursuant to the following formula: LIBOR Adjusted Rate = LIBOR Rate + Applicable LIBOR Margin No LIBOR Adjusted Rate shall ever exceed the Highest Lawful Rate.

LIBOR Adjusted Rate means the LIBOR Rate, plus five percent (5.00%) per annum.