Examples of LIBOR Market Index Rate in a sentence
The Administrative Agent will notify the Borrower, pursuant to Section 2.23(c), of any change to the reference rate upon which the interest rate on Eurodollar Advances, LIBOR Market Index Rate Advances and Floating Rate Advances (when determined by reference to clause (iii) of the definition of Alternate Base Rate) is based.
The Administrative Agent will notify each Lender of the interest rate applicable to each Eurodollar Advance and each LIBOR Market Index Rate Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Rate.
No replacement of the Eurodollar Base Rate or the LIBOR Market Index Rate with a Benchmark Replacement pursuant to this Section 2.23(c) will occur prior to If an Unadjusted Benchmark Replacement is Daily Simple SOFR, all interest payments will be payable on a monthly basis.
The Swingline Loans may be Floating Rate Advances or LIBOR Market Index Rate Advances.
As a result, it is possible that commencing immediately after such dates, the London interbank offered rate for such tenors may no longer be available or may no longer be deemed a representative reference rate upon which to determine the interest rate on Eurodollar Advances, LIBOR Market Index Rate Advances or Floating Rate Advances (when determined by reference to clause (iii) of the definition of Alternate Base Rate).