LIBOR Bid Margin definition

LIBOR Bid Margin has the meaning specified in Section 2.02(c)(2).

LIBOR Bid Margin has the meaning specified in subsection 2.07(c)(ii)(C).

LIBOR Bid Margin means, in connection with any LIBOR Auction, a ---------------- margin (expressed in multiples of 1/1000th of one basis point) above or below the LIBOR Rate (determined, with respect to any LIBOR Bid Loan, in the same manner as the LIBOR Rate is determined under the Note, except based on the principal amount and Bid Loan Rate Period of the relevant LIBOR Bid Loan) offered for any Bid Loan to be made pursuant thereto.

Examples of LIBOR Bid Margin in a sentence

• Each Bid Loan shall bear interest on the outstanding principal amount thereof from the relevant Borrowing Date at a rate per annum equal to the LIBO Rate plus (or minus) the LIBOR Bid Margin, or at the Absolute Rate, as the case may be.

• Each Bid Loan shall bear interest on the outstanding principal amount thereof from the relevant Borrowing Date at a rate per annum equal to the LIBO Rate (exclusive of the Applicable Margin) plus (or minus) the LIBOR Bid Margin, or at the Absolute Rate, as the case may be.

• Any Competitive Bid must specify (A) the particular Competitive Bid Request as to which the Competitive Bid is submitted and the proposed date of such Competitive Bid Loan, (B) the principal amount (which shall be not less than $5,000,000 and integral multiples of $100,000 in excess thereof or greater than the amount of Competitive Bid Loan requested) of the requested Competitive Bid Loan as to which the Lender is willing to make, (C) the LIBOR Bid Margin offered and the Interest Period applicable thereto.

• Competitive Bid Rate shall mean the rate of interest applicable to any Competitive Bid Loan, which shall be equal to LIBOR for the Interest Period applicable to such Competitive Bid Loan, plus or minus the applicable LIBOR Bid Margin.

• Subject to Sections 2.4(f) and 2.4(j), Fixed Rate Bid Advances shall bear interest on the unpaid principal amount thereof during the Fixed Rate Period applicable thereto at a fixed rate per annum equal to the LIBOR Rate plus or minus the LIBOR Bid Margin quoted by the Lender making such Bid Advance pursuant to Section 2.1(a)(ii)(C)(3) and accepted by Borrower pursuant to Section 2.1(a)(ii)(C)(5).

More Definitions of LIBOR Bid Margin

LIBOR Bid Margin has the meaning specified in subsection 2.06(b)(ii)(C).

LIBOR Bid Margin for LIBOR Margin Bid Loans, means the margin above or below the LIBOR Base Rate to be added to or subtracted from the LIBOR Base Rate, which margin shall be expressed in multiples of 1/100th of one basis point.

LIBOR Bid Margin shall have the meaning given to such term in SECTION 2.3(C)(IV).

LIBOR Bid Margin means the margin above or below LIBOR at which a Lender offers to make a Fixed Rate Bid Advance to Borrower in response to a Competitive Bid Request.

LIBOR Bid Margin is the rate per annum, expressed as a percentage, equal to the number of basis points to be added to or subtracted from the applicable LIBOR and set forth by a Lender in an offer to make a Multicurrency Competitive Bid Loan pursuant to Section 2.7(a)(ii).

LIBOR Bid Margin means, in connection with any LIBOR Auction, a margin (expressed in multiples of 1/1000th of one basis point) above or below the LIBOR Rate (determined, with respect to any LIBOR Bid Loan, in the same manner as the LIBOR Rate is determined under the Note, except based on the principal amount and Bid Loan Rate Period of the relevant LIBOR Bid Loan) offered for any Bid Loan to be made pursuant thereto.

LIBOR Bid Margin has the meaning specified in Section 2.04(b)(ii)(B). "Lien" means any lien, charge, security interest or encumbrance or any other type of preferential arrangement (including liens or retained security titles of conditional vendors and capitalized leases but excluding any right of set-off). "Loan" means an extension of credit by a Bank pursuant to Article II and may be a Committed Loan or a Bid Loan. "Loan Documents" means this Agreement, the Guarantee Agreement, any promissory notes delivered pursuant to this Agreement, the account agreement contemplated by the last paragraph of Section 5.01, the Notices of Borrowing, the Notices of Conversion/Continuation and the Competitive Bid Requests. "Majority Banks" means at any time Banks holding at least 51% of the Commitments and, if the Commitments have been terminated, Banks holding at least 51% of the then aggregate unpaid principal amount of the Loans made by the Banks. "Margin Stock" shall have the meaning given such term under Regulation U. "Material Adverse Effect" means (a) an adverse change in, or an adverse effect upon, the financial condition, business, prospects or properties of any of (i) the Borrower or (ii) the Borrower and its Subsidiaries taken as a whole resulting from a single event or a series of events within any 12-month period causing the consolidated Net Worth (calculated as if the Merger had occurred as of the Effective Date) of the Borrower to be reduced by 10% or more; (b) any material adverse change in the rights or remedies of the Banks under the Loan Documents or the ability of the Borrower to perform its obligations under any of the Loan Documents; or (c) any material adverse change in the legality, validity or enforceability of any Loan Document. "Maturity Date" means the first anniversary of the Termination Date. "Merger" means the merger of IBP with and into Merger Co. in accordance with the Merger Agreement. "Merger Agreement" means the Agreement and Plan of Merger dated as of January 1, 2001, among IBP, the Borrower and Merger Co., with no changes therefrom adverse to the Banks. "Merger Co." means Lasso Acquisition Corporation, a Delaware corporation and a wholly-owned Subsidiary of the Borrower. "Moody's" means Xxxxx'x Investors Service, Inc. or any successor to the rating agency business thereof. "Multiemployer Plan" means, with respect to any Person, at any time, a "multiemployer plan" within the meaning of Section 4001(a)(3) of ERISA and to which such Person or any member o...