LIBOR Bid Loan definition

LIBOR Bid Loan means any Bid Loan that bears interest at a rate based upon the LIBO Rate.

LIBOR Bid Loan any Bid Loan made and/or being maintained at a rate of interest based upon the Eurodollar Rate.

LIBOR Bid Loan means any Bid Loan that bears interest at a rate based upon the Offshore Rate. LIBOR Bid Margin - see subsection 2.7(c)(ii)(C).

Examples of LIBOR Bid Loan in a sentence

• If any payment on a LIBOR Loan or LIBOR Bid Loan becomes due and payable on a day other than a Working Day, the maturity thereof shall be extended to the next succeeding Working Day unless the result of such extension would be to extend such payment into another calendar month, in which event such payment shall be made on the immediately preceding Working Day.

• The Agent shall promptly after receipt by it of a Bid Loan Request pursuant to Section 2.08(a) notify the Banks of its receipt of such Bid Loan Request specifying (i) the identity of the applicable Borrower, (ii) the proposed Bid Loan Borrowing Date, (iii) whether the proposed Bid Loan shall be a Fixed Rate Bid Loan or a LIBOR Bid Loan, (iv) the Bid Loan Interest Period, (v) the principal amount of the proposed Bid Loan and (vi) the Approved Currency for such Bid Loan.

• Borrower's right to request Competitive Bids for LIBOR Bid Loans, and each Bank's or Designated Bid Lender's obligation to fund any LIBOR Bid Loan pursuant to any Competitive Bid accepted by Borrower, shall be subject in all respects to the provisions of Section 2.2(d) of Exhibit A to the Note, applied as if each reference therein to the "LIBOR Alternative" referred as well to LIBOR Bid Loans.

• The Borrower's right to request Competitive Bids for LIBOR Bid Loans, and each Bank's or Designated Bid Lender's obligation to fund any LIBOR Bid Loan pursuant to any Competitive Bid accepted by the Borrower, shall be subject in all respects to the provisions of Section 2.2(d) of Exhibit A to the Note, applied as if each reference therein to the "LIBOR Alternative" referred as well to LIBOR Bid Loans.

• The "Type" of a Loan refers to whether such Loan is a Base Rate Loan, a Eurodollar Loan, a Set Rate Loan or a LIBOR Bid Loan, each of which constitutes a Type.

More Definitions of LIBOR Bid Loan

LIBOR Bid Loan means a Competitive Bid Revolving Loan, bearing interest based on LIBOR plus (or minus) a margin.

LIBOR Bid Loan means a Bid Loan that bears interest at the relevant LIBOR Bid Margin above (or below, as the case may be) the LIBOR Rate (determined as described in the definition of "LIBOR Bid Margin").

LIBOR Bid Loan means any Bid Loan that bears interest under the Bid Loan LIBOR Option.

LIBOR Bid Loan. Spread shall mean the spread quoted by a Bank in its Bid to apply to such Bank’s Bid Loan if such Bank’s Bid is accepted. The LIBOR Bid Loan Spread shall be quoted as a percentage rate per annum and expressed in multiples of 1/1000th of one percentage point to be either added to (if it is positive) or subtracted from (if it is negative) the LIBOR in effect two (2) Business Days before the Borrowing Date with respect to such Bid Loan. Interest on LIBOR Bid Loans shall be computed based on a year of 360 days for the actual days elapsed.

LIBOR Bid Loan means any Bid Loan that bears interest at a rate based upon the Offshore Rate. LIBOR BID MARGIN - see SUBSECTION 2.6(b)(ii)(C).

LIBOR Bid Loan means any Bid Loan made and/or being maintained at a

LIBOR Bid Loan any Bid Loan made and/or being maintained at a rate -------------- of interest based upon the LIBOR Rate.