LIBOR Loans definition

LIBOR Loans means a Loan or any portion thereof bearing interest by reference to the LIBOR Rate.

LIBOR Loans means Loans that bear interest at rates based upon the LIBOR Rate.

LIBOR Loans. Loans the rate of interest applicable to which is based upon LIBOR.

Examples of LIBOR Loans in a sentence

• Each such Notice of Conversion shall be given not later than 11:00 a.m. on the Business Day prior to the date of any proposed Conversion into Base Rate Loans and on the third Business Day prior to the date of any proposed Conversion into LIBOR Loans.

• If, upon the expiration of any Interest Period in respect of any LIBOR Loans, Borrowers shall have failed to deliver a Notice of Conversion/Continuation, they shall be deemed to have elected to convert such Loans into Base Rate Loans.

• Any such automatic conversion to Base Rate Loans shall be effective as of the last day of the Interest Period then in effect with respect to the applicable LIBOR Loans.

• Any partial prepayment of a Group of LIBOR Loans shall be subject to the proviso to Section 2.2.3(a).

• Such notice by the Borrower of a Continuation shall be by telephone or telecopy, confirmed immediately in writing if by telephone, in the form of a Notice of Continuation, specifying (a) the proposed date of such Continuation, (b) the LIBOR Loans and portions thereof subject to such Continuation and (c) the duration of the selected Interest Period, all of which shall be specified in such manner as is necessary to comply with all limitations on Loans outstanding hereunder.

More Definitions of LIBOR Loans

LIBOR Loans. Revolving Credit Loans with respect to which the rate of interest is based upon the Adjusted LIBO Rate.

LIBOR Loans means Revolving Loans bearing interest at a rate based on LIBOR.

LIBOR Loans means Loans the interest rates on which are determined on the basis of rates referred to in the definition of "LIBOR Rate".

LIBOR Loans loans bearing interest calculated by reference to a LIBOR.

LIBOR Loans means that portion, and collectively those portions, of the aggregate outstanding principal balance of the Loans that bear interest at the LIBOR Rate.

LIBOR Loans means that portion, and collectively those portions, of the aggregate outstanding principal balance of the Loans that bear interest at the LIBOR Rate, of which at any time, the Borrower may identify no more than ten (10) advances of the Revolving Loans which bear interest at the LIBOR Rate.

LIBOR Loans means Loans the interest rates on which are determined on the basis of rates referred to in the definition of "ADJUSTED LIBOR".