LIBOR Rate Loan means each portion of an Advance that bears interest at a rate determined by reference to the LIBOR Rate.
LIBOR Rate Loan means any Loan bearing interest at a rate based upon the LIBOR Rate as provided in Section 5.1(a).
Examples of LIBOR Rate Loan in a sentence
Each Request for Advance must be delivered to the Postpetition Lender by the Borrower before 12:00 P.M. (Minneapolis, Minnesota time) on a Business Day which is at least three (3) Business Days prior to the date of such Advance; provided however that no such Advance shall be made while an Event of Default exists or if the interest rate for such LIBOR Rate Loan would exceed the Maximum Rate.
More Definitions of LIBOR Rate Loan
LIBOR Rate Loan means each portion of a Revolving Loan that bears interest at a rate determined by reference to the LIBOR Rate.
LIBOR Rate Loan means a Committed Loan that bears interest at a rate based on the Adjusted LIBOR Rate.
LIBOR Rate Loan means any Advance bearing interest at a rate determined by reference to the LIBOR Rate.
LIBOR Rate Loan means any Term Loan bearing interest at a rate based upon the LIBOR Rate as provided in Section 6.1(a).
LIBOR Rate Loan means the Loan at such time as interest thereon accrues at the LIBOR Rate.