LIBOR Rate Loan definition

LIBOR Rate Loan means a Loan that bears interest based on LIBOR.
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

  • For purposes of calculating amounts payable by the Borrower to the Lenders under this Section 2.11, each Lender shall be deemed to have funded each LIBOR Rate Loan made by it at the LIBOR Rate for such LIBOR Rate Loan by a matching deposit or other borrowing in the London interbank market for a comparable amount and for a comparable period, whether or not such LIBOR Rate Loan was in fact so funded.


More Definitions of LIBOR Rate Loan

LIBOR Rate Loan means Loans the rate of interest applicable to which is based on the LIBOR Rate.
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 Revolving Credit Loan bearing interest at a rate based upon the LIBOR Rate as provided in Section 4.1(a).
LIBOR Rate Loan means a Loan that bears interest based on the LIBOR Rate.
LIBOR Rate Loan means any Loan bearing interest at a rate determined by reference to the LIBOR Rate.