LIBOR Borrowing definition

LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

LIBOR Borrowing means each portion of the principal balance of the Loans at any time bearing interest at a Eurodollar Rate.

LIBOR Borrowing means a Borrowing comprised of one or more LIBOR Loans.

Examples of LIBOR Borrowing in a sentence

• If any such Interest Election Request requests a LIBOR Borrowing but does not specify an Interest Period, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration.

• Thereafter, the Borrower may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a LIBOR Borrowing, may elect Interest Periods therefor, all as provided in this Section.

• If any Lender assigns an interest in any of its Notes when any LIBOR Borrowing is outstanding with respect thereto, then such assignee shall have its ratable interest in such LIBOR Borrowing.

• If, when Agent so notifies Borrower, Borrower has given a Rate Designation Notice specifying a LIBOR Borrowing but the selected Interest Period has not yet begun, as to the applicable Lender such Rate Designation Notice shall be deemed to be of no force and effect, as if never made, and the balance of the Loans made by such Lender specified in such Rate Designation Notice shall bear interest at the Base Rate until a different available Interest Option shall be designated in accordance herewith.

• Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing and the Administrative Agent, at the request of the Required Lenders, so notifies the Borrower, then, so long as an Event of Default is continuing (i) no outstanding Borrowing may be converted to or continued as a LIBOR Borrowing and (ii) unless repaid, each LIBOR Borrowing shall be converted to an ABR Borrowing at the end of the Interest Period applicable thereto.

More Definitions of LIBOR Borrowing

LIBOR Borrowing means a Borrowing comprised of LIBOR Advances.

LIBOR Borrowing is defined in Section 4.3.

LIBOR Borrowing and “LIBOR Loan” when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, bears interest at a rate determined by reference to LIBOR (other than an Index Rate Loan or an Index Rate Borrowing).

LIBOR Borrowing means a Borrowing bearing interest at the sum of LIBOR plus the Applicable Margin.

LIBOR Borrowing means any Loan or portion thereof designated or --------------- redesignated by the Company as a LIBOR Borrowing pursuant to Article 3.

LIBOR Borrowing means a Committed Revolving Loan Borrowing comprised of LIBOR Rate Loans.

LIBOR Borrowing means each unpaid principal balance of a Loan which accrues interest calculated based upon LIBOR, whether an Adjusted Daily LIBOR Borrowing or an Adjusted LIBOR Rate Borrowing.