LIBOR Advance Rate definition

LIBOR Advance Rate means (i) with respect to Revolving Advances evidenced by the Revolving Note, an annual interest rate equal to the sum of LIBOR plus the applicable Margin, and (ii) with respect to the Term Advance evidenced by the Term Note, an annual interest rate equal to the sum of LIBOR plus the applicable Margin, and (iii) with respect to all Equipment Advances evidenced by the Equipment Note, an annual interest rate equal to the sum of LIBOR plus the applicable Margin.

LIBOR Advance Rate is defined in Section 1.6(a).

LIBOR Advance Rate means, with respect to each Interest Period for a Eurodollar Advance, the rate obtained by adding (a) LIBOR for such Interest Period plus (b) the Applicable Margin for a Eurodollar Advance.

Examples of LIBOR Advance Rate in a sentence

• LIBOR Advances shall bear interest at the LIBOR Advance Rate based upon and for the Term selected until the earlier of the Maturity Date or the date on which each such Credit Advance is paid in full.

• All Wafers delivered to RFMD shall be delivered F.O.B. the Newport Beach Fab.

• Unless preempted by federal law or as permitted under the sentence immediately following this sentence, the Floating Rate, the LIBOR Advance Rate or the Default Rate, as applicable, from time to time in effect under this Agreement may not exceed the “weekly ceiling” from time to time in effect under Chapter 303 of the Texas Finance Code (Vernon’s Texas Code Annotated), as amended from time to time (the “Texas Finance Code”).

• The Prime Rate Applicable Margin and the LIBOR Advance Rate Applicable Margin each shall be reduced by one-quarter of one percent (0.25%) effective on April 1, 2009 (the “Interest Rate Reduction Effective Date”).

• Except as provided in Section 2.3, Section 2.8(c) and Section 2.8(f), the principal amount of each Advance shall bear interest at the LIBOR Advance Rate.

More Definitions of LIBOR Advance Rate

LIBOR Advance Rate means an interest rate equal to Daily Three Month LIBOR plus 7.50%, which interest rate shall change whenever Daily Three Month LIBOR changes.

LIBOR Advance Rate means an annual interest rate equal to the sum of LIBOR plus one and three-quarters of one percent (1.75%).

LIBOR Advance Rate means an annual interest rate equal to (a) LIBOR plus three and one-quarter percent (3-1/4%) for a Line of Credit Advance, and (b) LIBOR plus three and one-half percent (3-1/2%) for a Term Loan II Advance

LIBOR Advance Rate means, with respect to all LIBOR Advances, an annual interest rate equal to the sum of LIBOR plus two and one-half of one percent (2.5%); provided, that if the Borrowers’ Net Income for the fiscal year ending on or about December 31, 2007 exceeds One Million Dollars ($1,000,000), the LIBOR Advance Rate shall be an annual rate equal to the sum of LIBOR plus two and one-quarter of one percent (2.25%), such reduction, if any, in the LIBOR Advance Rate to become effective on the first calendar day of the month following the month of receipt by the Lender of the unaudited financial statement for the fiscal year ending on or about December 31, 2007 as required under Section 6.1(a); provided, however, that such reduction shall become effective, retroactive, as of the first calendar day of the month of receipt by the Lender of such financial statements, if such financial statements are received by the Lender prior to the 25th day of such month; provided, further, that (i) no such reduction in the LIBOR Advance Rate will be made if a Default Period exists at the time that such reduction would otherwise be made and (ii) if such financial statement is amended or restated and such amended or restated financial statement does not indicate that the Borrowers’ Net Income for the fiscal year ending on or about December 31, 2007 exceeded One Million Dollars ($1,000,000), the Lender may increase the LIBOR Advance Rate to LIBOR plus two and one-half of one percent (2.5%) effective as of the date on which the LIBOR Advance Rate was previously reduced and the Borrowers shall immediately pay to the Lender interest on the outstanding Advances at such higher LIBOR Advance Rate from the effective date of such increase to the extent such interest has not been paid.

LIBOR Advance Rate means the annual rate of interest applicable to each LIBOR Advance, depending upon the Term selected, and shall be the sum of the applicable LIBOR rate for the selected Term plus the LIBOR Margin.

LIBOR Advance Rate means, with respect to each Interest Period for a Eurodollar Advance, the rate obtained by adding (i) LIBOR for such Interest Period, and (ii) the Applicable Margin for a Eurodollar Advance.

LIBOR Advance Rate set forth in Section 1.1 of the Credit Agreement shall be deleted in its entirety and replaced with the following: