LIBOR Rate Borrowing means a Borrowing bearing interest at the sum of the LIBOR Rate plus the Applicable Margin.
LIBOR Rate Borrowing means a Borrowing consisting of a LIBOR Loan.
LIBOR Rate Borrowing means a borrowing bearing interest based at a rate determined by reference to the LIBOR Rate, each such borrowing to be in the principal amount of at least $200,000.00 or any larger amount which is an even multiple of $100,000.00.
Examples of LIBOR Rate Borrowing in a sentence
Following the expiration of any applicable LIBOR Rate Interest Period, if a Borrower's Representative shall not have timely and properly delivered a Base Rate Notice or a LIBOR Rate Notice for a LIBOR Rate Interest Period to commence as of the expiration of the applicable expiring LIBOR Rate Interest Period, then any LIBOR Rate Borrowing shall bear interest at the Daily Adjusted LIBOR Rate thereafter until another notice is delivered with respect to the Interest Rate.
More Definitions of LIBOR Rate Borrowing
LIBOR Rate Borrowing means a Borrowing consisting of LIBOR Rate Loans.
LIBOR Rate Borrowing means each portion of the principal balance of the Loans at any time bearing interest at the LIBOR Rate.
LIBOR Rate Borrowing means a Borrowing consisting of LIBOR Rate Advances.
LIBOR Rate Borrowing means any borrowing with respect to which Borrower has properly given a 30-Day LIBOR Rate Notice, a 60-Day LIBOR Rate Notice or a 90-Day LIBOR Rate Notice.
LIBOR Rate Borrowing means a Domestic Borrowing advanced to Borrower through Administrative Agent in accordance with Section 2.3, which Borrowing bears interest at the sum of the LIBOR Rate plus the Applicable Margin.
LIBOR Rate Borrowing means (i) each Revolver Loan Advance (whether bearing interest at the Daily LIBOR Rate Notice, 30-Day LIBOR Rate, 60-Day LIBOR Rate or a 90-Day LIBOR Rate and (ii) the Term Loan bearing interest at the 30-Day LIBOR Rate.
LIBOR Rate Borrowing means and refer to that portion of -------------------- outstanding borrowings evidenced by the Term Note, as to which, pursuant to Section 2.2, Borrower has elected to be charged interest at a rate computed by reference to the LIBOR Rate.