LIBOR Market Index Rate Loan definition

LIBOR Market Index Rate Loan means any Swingline Loan bearing interest at a rate determined by reference to the LIBOR Market Index Rate.

LIBOR Market Index Rate Loan means Loans the rate of interest applicable to which is based on the LIBOR Market Index Rate.

LIBOR Market Index Rate Loan means any Loan bearing interest at a rate based upon the LIBOR Market Index Rate as provided in Section 4.1(a).

Examples of LIBOR Market Index Rate Loan in a sentence

• If the date upon which an Alternate Base Rate Loan is to be converted to a LIBOR Market Index Rate Loan or a LIBOR Market Index Rate Loan is to be converted to an Alternate Base Rate Loan is not a Business Day, then such conversion shall be made on the next succeeding Business Day.

• If the Borrower shall fail to specify in any such Notice of Borrowing (I) an applicable Interest Period in the case of a LIBOR Rate Loan, then such notice shall be deemed to be a request for an Interest Period of one month, or (II) the type of Revolving Loan requested, then such notice shall be deemed to be a request for a LIBOR Market Index Rate Loan hereunder.

• If the date upon which a LIBOR Rate Loan is to be converted to a LIBOR Market Index Rate Loan or an Alternate Base Rate Loan is not a Business Day, then such conversion shall be made on the next succeeding Business Day.

• Any change in the interest rate on an LIBOR Market Index Rate Loan resulting from a change in the LIBOR Market Index Rate shall become effective as of the opening of business on the day on which such change in the LIBOR Market Index Rate shall become effective.

• Each Swingline Loan shall be made as a LIBOR Market Index Rate Loan and, in each case, subject to Section 2.6(c), shall have such maturity date as agreed to by the Swingline Lender and the Parent Borrower.

More Definitions of LIBOR Market Index Rate Loan

LIBOR Market Index Rate Loan means Revolving Loans the rate of interest applicable to which is based on the LIBOR Market Index Rate.

LIBOR Market Index Rate Loan means a Loan that bears interest at the LIBOR Market Index Rate plus the Applicable Margin.

LIBOR Market Index Rate Loan means any Loan that bears interest at a rate of interest based on the LIBOR Market Index Rate.

LIBOR Market Index Rate Loan means a Swing Line Loan denominated in Dollars that bears interest based on the LIBOR Market Index Rate.

LIBOR Market Index Rate Loan means, at any time, any outstanding portion of any Loan that bears interest at the Adjusted LIBOR Market Index Rate at such time.

LIBOR Market Index Rate Loan means any Loan bearing interest at a rate based upon the LIBOR Market Index Rate as provided in Section 4.1(a). “Lien” means, with respect to any asset, any mortgage, leasehold mortgage, lien, pledge, charge, security interest, hypothecation or encumbrance of any

LIBOR Market Index Rate Loan means a Swing Line Loan that bears interest based on the LIBOR Market Index Rate. “LIBOR Rate” has the meaning specified in the definition of Eurodollar Rate. “LIBOR Replacement Date” has the meaning specified in Section 3.03(c). “LIBOR Screen Rate” means the LIBOR quote on the applicable screen page the Administrative Agent designates to determine LIBOR (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time). “LIBOR Successor Rate” has the meaning specified in Section 3.03(c). “LIBOR Successor Rate Conforming Changes” means, with respect to any proposed LIBOR Successor Rate, any conforming changes to the definition of Base Rate, Interest Period, timing and frequency of determining rates and making payments of interest and other technical, administrative or operational matters (including, for the avoidance of doubt, the definition of Business Day, timing of borrowing requests or prepayment, conversion or continuation notices and length of lookback periods) as may be appropriate, in the discretion of the Administrative Agent, to reflect the adoption and implementation of such LIBOR Successor Rate and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent determines that adoption of any portion of such market practice is not administratively feasible or that no market practice for the administration of such LIBOR Successor Rate exists, in such other manner of administration as the Administrative Agent determines is reasonably necessary in connection with the administration of this Agreement and any other Loan Document). “Lien” means any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), charge, or preference, priority or other security interest or preferential arrangement in the nature of a security interest of any kind or nature whatsoever (including any conditional sale or other title retention agreement, any easement, right of way or other encumbrance on title to real property, and any financing lease having substantially the same economic effect as any of the foregoing). “Loan” means an extension of credit by a Lender to a Borrower under Article II in the form of a Revolving Loan or a Swing Line Loan. “Loan Documents” means this Agreement, each Note, and any amendments, modifications, supplements, or waiver to any Loan ...