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 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.
BE IT RESOLVED:that upon the recommendation of the Acting Superintendent of Schools, the Edison Township Board of Education approves the following Out-of-District Placements for Special Education Students: Student ID #Effective DatePrevious PlacementNew Placement Annual Tuition Rationale 301014 01/30/23 Chapel Hill Academy Mrs.
Multiple Advances may accrue interest at both the Floating Rate and at the LIBOR Advance Rate at the same time, subject to the limitations set forth in Section 1.3(a)(i).
I t was a Ugandan privateer, Sospeter Munyegera, who made history as the first African to complete the event in 1969, in a standard showroom Saab.
More Definitions of LIBOR Advance Rate
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, for each Revolving Loan Interest Period in respect of a LIBOR Advance comprising part of the same Advance, an interest rate per annum (rounded upward, if necessary, to the nearest 1/10,000th of one percent (0.0001%)) equal to LIBOR for such Revolving Loan Interest Period divided by one (1) minus the Reserve Requirement for such Revolving Loan Interest Period.
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, and (B) 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:
LIBOR Advance Rate is amended and restated in its entirety to read as follows:
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.