Examples of LIBOR Loan in a sentence
Each LIBOR Loan may be made under either one of the Term Loan Facilities or the Revolving Loan Facility, but may not be made under more than one Facility concurrently.
Subject to the provisions of Section 1.8 and the notice requirement in the following sentence, at any time, Borrower may prepay (i) the Base Rate Loan, in whole or in part, without penalty, and (ii) any LIBOR Loan, in whole or in part, upon payment of applicable Breakage Fees.
Each LIBOR Loan may be obtained for a one (1), two (2), three (3) or six (6) month period (each such period being an “Interest Period”).
The date of funding or conversion to a Base Rate Loan and the first day of an Interest Period with respect to a LIBOR Loan shall be included in the calculation of interest.
The date of payment of any Loan and the last day of an Interest Period with respect to a LIBOR Loan shall be excluded from the calculation of interest; provided, if a Loan is repaid on the same day that it is made, one (1) day’s interest shall be charged.