LIBOR Option has the meaning specified therefor in Section 2.12(a) of the Agreement.

LIBOR Option has the meaning set forth in Section 2.13(a).

LIBOR Option has the meaning specified therefor in Section 2.13(a).

Examples of LIBOR Option in a sentence

On the last day of each applicable Interest Period, unless Borrower properly has exercised the LIBOR Option with respect thereto, the interest rate applicable to such LIBOR Rate Loan automatically shall convert to the rate of interest then applicable to Base Rate Loans of the same type hereunder.
On the last day of each applicable Interest Period, unless Administrative Borrower properly has exercised the LIBOR Option with respect thereto, the interest rate applicable to such LIBOR Rate Loan automatically shall convert to the rate of interest then applicable to Base Rate Loans of the same type hereunder.
Borrowers only may exercise the LIBOR Option for LIBOR Rate Loans of at least $1,000,000 and integral multiples of $500,000 in excess thereof.
On the last day of each applicable Interest Period, unless Borrowers have properly exercised the LIBOR Option with respect thereto, the interest rate applicable to such LIBOR Rate Loan automatically shall convert to the rate of interest then applicable to Base Rate Loans of the same type hereunder.
Borrowers may only exercise the LIBOR Option for proposed LIBOR Rate Loans of at least $1,000,000.

More Definitions of LIBOR Option

LIBOR Option has the meaning specified therefor in Section 2.04(d)(i).

LIBOR Option shall have the meaning set forth in Section 2.04(a)(ii) hereof.

LIBOR Option shall have the meaning given to such term in Section 4.8(a).

LIBOR Option means the option granted pursuant to subsection 2.6(B) to have the interest on all or any portion of the principal amount of the Loan based on a LIBOR Based Rate.

LIBOR Option. A rate per annum (computed on the basis of a year of 360 days for the actual days elapsed) equal to LIBOR plus the Applicable Margin.