LIBOR Portion definition

LIBOR Portion means, at any time, a Portion of a Term Loan Borrowing, or a Term Loan, as the case may be, which then bears interest at a rate specified in Section 2.01(d)(ii).

LIBOR Portion shall have the meaning specified in Section 3.1 hereof.

LIBOR Portion means each Portion bearing interest based on the Adjusted LIBOR.

Examples of LIBOR Portion in a sentence

• If any request is made to convert a LIBOR Portion into another type of Portion available hereunder, such conversion shall only be made so as to become effective as of the last day of the Interest Period applicable thereto.

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• Borrowers may prepay a LIBOR Portion only upon at least three (3) Business Days prior written notice to Agent (which notice shall be irrevocable).

• Anything contained herein to the contrary notwithstanding, the obligation of the Bank to create, continue or effect by conversion any LIBOR Portion shall be conditioned upon the fact that at the time no Default or Event of Default shall have occurred and be continuing.

• If a Borrower shall fail to give timely notice of its election to continue any LIBOR Portion or portion thereof as provided above, or if such continuation shall not be permitted, such LIBOR Portion or portion thereof, unless such LIBOR Portion shall be repaid, shall automatically be converted into a Base Rate Portion at the end of the Interest Period then in effect with respect to such LIBOR Portion.

More Definitions of LIBOR Portion

LIBOR Portion means a Portion as to which the applicable rate of interest is based on the Adjusted Libor Rate.

LIBOR Portion of any Loan or Loans shall mean at any time the portion, including the whole, of such Loan or Loans bearing interest at any time under the LIBOR Option or at a rate calculated by reference to the LIBOR under Section 2.09(c)(i) hereof. If no Loan or Loans is specified, “LIBOR Portion” shall refer to the LIBOR Portion of all Loans outstanding at such time.

LIBOR Portion means a portion of the Term Loan Borrowing bearing interest based upon the LIBO Rate.

LIBOR Portion means any portion of the Loans with respect to which interest shall be calculated at the LIBOR Rate in accordance with Section 2.5.2(a) of the Loan Agreement.

LIBOR Portion that portion of the Revolving Credit Loans specified in a LIBOR Request (including any portion of such Revolving Credit Loans which are being borrowed by the Borrower concurrently with such LIBOR Request) which is not less than $100,000 and is an integral multiple of $100,000, and which, as of the date of the LIBOR Request specifying such LIBOR Portion, has met the conditions for basing interest on the LIBOR Rate in subsection 2.3 hereof and the LIBOR Period of which has commenced and not terminated.

LIBOR Portion that portion of the Revolving Credit Loans that is subject to interest computed by reference to the LIBOR.

LIBOR Portion is defined in Section 2.5(a) hereof.