LIBOR Loan Request definition

LIBOR Loan Request means a written request by the Borrowers which sets forth the amount and Interest Period for a LIBOR Loan.
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LIBOR Loan Request means a written request by the Borrowers which sets forth the amount and Interest Period for a LIBOR Loan. “Prime Loan” means any portion of the principal amount of this Note bearing interest at the Floating Rate. “Prime Rate” means the floating per annum rate of interest most recently announced by the Lender at Chicago, Illinois as its prime or base rate. A certificate made by an officer of the Lender stating the Prime Rate in effect on any given day, for the purposes hereof, shall be conclusive evidence of the Prime Rate in effect on such day. The Prime Rate is a base reference rate of interest adopted by the Lender as a general benchmark from which the Lender determines the floating interest rates chargeable on various loans to borrowers with varying degrees of creditworthiness and the Borrowers acknowledge and agree that the Lender has made no representations whatsoever that the Prime Rate is the interest rate actually offered by the Lender to borrowers of any particular creditworthiness (b)
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LIBOR Loan Request has the meaning set forth in Section 3.2 (a). ---------------
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Examples of LIBOR Loan Request in a sentence

  • At the time of each subsequent disbursement of proceeds disbursed on this Note, the Borrowers shall deliver to the Lender a single LIBOR Loan Request, which shall establish a single LIBOR Loan in an amount equal to the entire amount of such disbursement, with an Interest Period of one month, and if the Borrowers do not deliver such a LIBOR Loan Request the Borrowers shall be deemed to have done so.

  • At the end of each Interest Period for each - 2 - LIBOR Loan, such LIBOR Loan shall automatically renew (a “LIBOR Rollover”) for the Interest Period specified in the LIBOR Loan Request at the then current LIBOR Rate, except that an Interest Period for a LIBOR Loan shall not automatically renew with respect to any principal amount which is scheduled to be repaid before the last day of the applicable Interest Period, and any such amounts shall bear interest at the Floating Rate, until repaid.

  • The following provisions shall apply with respect to the LIBOR Rate: (i) At the Loan Opening, the Borrowers shall deliver to the Lender a single LIBOR Loan Request, which shall establish a single LIBOR Loan in an amount equal to the entire amount of proceeds disbursed on this Note at the Loan Opening, with an Interest Period of one month, and if the Borrowers do not deliver such a LIBOR Loan Request the Borrowers shall be deemed to have done so.


More Definitions of LIBOR Loan Request

LIBOR Loan Request has the meaning set forth in SECTION 3.2(A).
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Related to LIBOR Loan Request

  • Loan Request means a letter in substantially the form of Exhibit A hereto executed and delivered by the Borrower to the Administrative Agent and the Group Agents pursuant to Section 2.02(a).

  • Swing Loan Request means a request for Swing Loans made in accordance with Section 2.5.2 [Swing Loan Requests] hereof.

  • Incremental Loan Request has the meaning set forth in Section 2.14(a).

  • Notice of Borrowing has the meaning specified in Section 2.02(a).

  • Borrowing Notice is defined in Section 2.8.

  • Revolving Loan Notice means a notice of (a) a Revolving Borrowing, (b) a conversion of Revolving Loans from one Type to the other, or (c) a continuation of Revolving Loans as the same Type, pursuant to Section 2.02(a), which, if in writing, shall be substantially in the form of Exhibit A.

  • Notice of Revolving Borrowing shall have the meaning as set forth in Section 2.3.

  • Notice of Committed Borrowing has the meaning set forth in Section 2.02.

  • Eurodollar Rate Borrowing means a Borrowing comprised of Eurodollar Rate Loans.

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • Eurodollar Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurodollar Rate.

  • Notice of Loan means a Notice of Loan in the form of the attached Exhibit D.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Notice of Revolving Credit Advance has the meaning ascribed to it in Section 1.1(a).

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Notice of Revolving Credit Borrowing has the meaning specified in Section 2.02(a).

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

  • Notice of Competitive Bid Borrowing has the meaning specified in Section 2.03(a).

  • Competitive Borrowing means a Borrowing consisting of a Competitive Loan or concurrent Competitive Loans from the Lender or Lenders whose Competitive Bids for such Borrowing have been accepted by the Borrower under the bidding procedure described in Section 2.03.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Request for Borrowing has the meaning provided in Section 2.3(a).

  • LIBO Rate Advance means a Pro Rata Advance that bears interest as provided in Section 2.04(a)(ii).

  • Competitive Bid Borrowing means a borrowing consisting of simultaneous Competitive Bid Advances from each of the Lenders whose offer to make one or more Competitive Bid Advances as part of such borrowing has been accepted under the competitive bidding procedure described in Section 2.03.

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.