LIBOR Rate Advance definition

LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.

LIBOR Rate Advance means any borrowing under this Note when and to the extent that its interest rate is determined by reference to the Adjusted LIBOR Rate.

LIBOR Rate Advance means an Advance that bears interest as provided in Section 4.1(b).

Examples of LIBOR Rate Advance in a sentence

• The Administrative Agent will at the request of the Borrower, from time to time, but not more often than monthly, provide notice of the amount of the outstanding Aggregate Commitment, the Type of Advance, and the applicable interest rate, if for a LIBOR Rate Advance.

• The Administrative Agent will notify each Lender of the interest rate applicable to each LIBOR Rate Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Rate.

• If the Borrower is required to so repay a LIBOR Rate Advance, the Borrower may concurrently with such repayment borrow from the Lenders, in the amount of such repayment, a Loan bearing interest at the Floating Rate.

• Each LIBOR Rate Advance shall bear interest from and including the first day of the LIBOR Interest Period applicable thereto to (but not including) the last day of such LIBOR Interest Period at the interest rate determined as applicable to such LIBOR Rate Advance.

• Unless a LIBOR Rate Disruption Event shall have occurred, each Advance shall be a LIBOR Rate Advance.

More Definitions of LIBOR Rate Advance

LIBOR Rate Advance means an advance of the Loan by Lenders to Borrower or any portion of the Loan held by a Lender which bears interest at an applicable LIBOR Rate at the time in question.

LIBOR Rate Advance means an Advance that shall accrue interest based upon the LIBOR Rate for the applicable Interest Period.

LIBOR Rate Advance means an Advance bearing interest calculated by reference to the LIBOR Rate.

LIBOR Rate Advance. Any portion of the Principal Balance which bears interest at a LIBOR Rate; provided, however, that any LIBOR Rate Advance must be in the aggregate principal amount of at least $1,000,000 and in minimum increments of $250,000 thereafter.

LIBOR Rate Advance means each portion of the Loans that bears interest as provided in Section 4.1(b).

LIBOR Rate Advance means an Advance which bears interest at a rate determined by reference to a LIBOR Rate.

LIBOR Rate Advance means a Term Credit Advance that bears interest as provided in Section 2.06(a)(ii).