LIBOR Rate Notice definition

LIBOR Rate Notice means any applicable Daily LIBOR Rate Notice, 30-Day LIBOR Rate Notice, 60-Day LIBOR Rate Notice or 90-Day LIBOR Rate Notice.
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LIBOR Rate Notice means notice of a conversion of a Base Rate Loan to a LIBOR Rate Loan, in the form of Exhibit K.
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LIBOR Rate Notice shall have the meaning set forth in Section 2.2(C).
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Examples of LIBOR Rate Notice in a sentence

  • If no Event of Default, or event which, with notice or lapse of time or both, could become an Event of Default, has occurred and is continuing under any Loan Document, Borrower may from time to time elect, by a LIBOR Rate Notice, to pay interest on the LIBOR Rate Advance described in said LIBOR Rate Notice at a LIBOR Rate during the LIBOR Rate Period specified in said LIBOR Rate Notice.

  • At any time prior to the Term Loan Maturity Date, Borrowers may request to convert a Base Rate Loan to a LIBOR Rate Loan upon submission of a LIBOR Rate Notice to Agent at least three (3) Business Days prior to the effectiveness of such conversion.

  • Upon request by Borrower, prior to the submission by Borrower to Agent of any LIBOR Rate Notice, Agent shall by telephone advise Borrower from time to time of the then applicable LIBOR Rate with respect to any LIBOR Rate Period promptly after the same is determined by Agent, which determination shall be final, conclusive and binding on Borrower.

  • If no Event of Default has occurred and is continuing under this Agreement or any of the other Loan Documents, Borrower may from time to time elect, by a LIBOR Rate Notice, to pay interest on the LIBOR Rate Advance described in said LIBOR Rate Notice at a LIBOR Rate during the LIBOR Rate Period specified in said LIBOR Rate Notice; provided, however, Borrower may not elect to have more than five (5) LIBOR Rate Advances outstanding at any one time.

  • Following the expiration of any applicable LIBOR Rate Interest Period, if a Parent’s Representative shall not have timely and properly delivered 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 Revolver Loan Advance shall bear interest at the Daily Adjusted LIBOR Rate thereafter until another notice is delivered with respect to the Interest Rate payable under the Revolver Loan.

  • 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.

  • Borrower shall notify Lender of the applicable LIBOR Rate for each Interest Rate Period by delivering to Lender a notice thereof (a "LIBOR Rate Notice") not later than 10:00 a.m. Jackson, Mississippi time, at least one (1) Business Day prior to the effective date of the change to such rate.

  • Each LIBOR Rate Notice shall either be oral, with prompt written confirmation, or in writing, shall be irrevocable, shall be effective upon receipt by Lender, and shall specify the effective date of the Interest Period with respect to such LIBOR Rate (which shall be a Business Day).

  • During the entire term of the Revolving Notes, the outstanding principal balance of the Revolving Notes shall bear interest at the Adjusted Base Rate; subject, however, to the right of an Authorized Officer to deliver to Agent a LIBOR Rate Notice, in each which case all or a portion of the outstanding principal balance of the Revolving Notes shall bear interest at the Interest Rate as provided for in the applicable LIBOR Rate Notice.

  • Xxxxx Xxxxxx, 00xx Xxxxx Xxx Xxxxxxx, XX 00000 Attention: Loan Administration Ladies and Gentlemen: This LIBOR Rate Notice is executed and delivered by XXXXXXX-XXXXXX, INC., a Delaware corporation (“Borrower”) to U.S. BANK NATIONAL ASSOCIATION, as Agent (“Agent”), pursuant to Section 2.2 of that certain Revolving Loan Agreement (the “Loan Agreement”) dated as of August 5, 2010, entered into by and among Borrower, Agent (as Agent and a Lender), and the Lenders thereto.


More Definitions of LIBOR Rate Notice

LIBOR Rate Notice means any applicable Daily LIBOR Rate Notice, 30-Day LIBOR Rate Notice, 60-Day LIBOR Rate Notice or 90-Day LIBOR Rate Notice. "Maturity Date" means October 31, 2009. "Payment Due Date" means, with respect to Loan Advances bearing interest at the Base Rate or Daily Adjusted LIBOR Rate, the first (1st) day of each month during the term of this Agreement, and with respect to Loan advances bearing interest at a 30-Day Adjusted LIBOR Rate, 60-Day Adjusted LIBOR Rate or 90-Day Adjusted LIBOR Rate, the last day of the relevant interest period. "Permitted Acquisition" means Acquisitions after the Third Amendment Date if (i) the business acquired is a Permitted Line of Business; (ii) consideration for such Acquisition, plus the consideration paid for all Acquisitions on a cumulative basis on and after the Third Amendment Date, does not exceed the aggregate amount of $7,500,000 (which consideration shall include, without limitation, securities issued by Borrower, Borrower's property (such securities and property to be valued at their fair market value on the date of such Acquisition), cash, and the amount of all Indebtedness assumed in the case of each asset purchase or acquired in the case of each equity purchase); (iii) immediately after the Acquisition, the business so acquired (and the assets constituting such business) shall be owned and operated by a Borrower and if acquired via an equity purchase, such Person shall contemporaneously comply with the Joinder Requirements; and (iv) Borrower shall have delivered to Bank a pro-forma compliance certificate demonstrating that, on a pro-forma basis, after giving effect to the Acquisition, such Acquisition would not give rise to a Default as of the consummation of the Acquisition, or a Financial Covenant Default as of the four Quarter-Ends immediately following the Acquisition based on such pro-forma projections. "Tangible Net Worth" means total assets minus intangible assets (as defined below) minus Senior Liabilities. For purposes of this definition, “intangible assets” has the meaning under Generally Accepted Accounting Principles, including, without limitation, the book value of goodwill, franchises, licenses, non-competition agreements, patents, trademarks, trade names, copyrights, service marks, and brand names, plus the amount of any accounts, notes, advances and/or loans to affiliates, shareholders, and employees of the Borrowers shall be subtracted from total assets. “Threshold Amount” means $1,000,000.00. -3...
Sample 1
LIBOR Rate Notice. A written notice from Borrower to Agent, received by Agent prior to 10:00 o’clock a.m. (California time) on a Business Day at least two (2) Business Days prior to the commencement date of any LIBOR Rate Period hereunder referred to therein (or the expiration of a previous LIBOR Rate Period with respect thereto), whereby Borrower elects to have an Advance or a portion of the Principal Balance of the Notes under Facility A or Facility B, as specified in said notice, be a LIBOR Rate Advance, substantially in the form of Exhibit B hereto.
Sample 1
LIBOR Rate Notice. A telephonic notice from Borrower to Agent, received by Agent prior to 10:00 o'clock a.m. (Central time) on a Euro Day at least three (3) Euro Days prior to the date the LIBOR Rate is to be applicable with respect to such portion of the Principal Balance referred to therein, in which Borrower elects to have said portion of the Principal Balance, or a portion thereof as specified in said notice, be a LIBOR Rate Advance.
Sample 1
LIBOR Rate Notice means Parent's irrevocable telephone notice (confirmed in writing in accordance with Section 2.3.3 hereof) stating that Makers elect to pay interest on the Principal Amount (or portion thereof, in minimum principal amounts of Five Hundred Thousand Dollars ($500,000.00)) at the LIBOR Rate (as defined herein) for the LIBOR Rate Period;
Sample 1

Related to LIBOR Rate Notice

  • LIBOR Notice means a written notice in the form of Exhibit L-1.

  • Pricing Rate Period means, with respect to any Transaction and any Remittance Date (a) in the case of the first Pricing Rate Period, the period commencing on and including the Purchase Date for such Transaction and ending on and excluding the following Remittance Date, and (b) in the case of any subsequent Pricing Rate Period, the period commencing on and including the immediately preceding Remittance Date and ending on and excluding such Remittance Date; provided, however, that in no event shall any Pricing Rate Period for a Purchased Asset end subsequent to the Repurchase Date for such Purchased Asset.

  • LIBOR Rate Option means the option of the Borrower to have Loans bear interest at the rate and under the terms set forth in Section 4.1.1(a)(ii) [Revolving Credit LIBOR Rate Option].

  • Interest Rate Period means that period of time for which the interest rate with respect to the Bonds has been determined by the Remarketing Agent or otherwise as provided in the definition of the applicable Interest Rate Mode, commencing on the applicable Interest Rate Adjustment Date, and terminating on the day immediately preceding the following Interest Rate Adjustment Date, if any.

  • Reset Notice has the meaning specified in Section 307(b).

  • Notice of Interest Rate Election has the meaning set forth in Section 2.10.

  • Fixed Rate Note means a Note on which interest is calculated at a fixed rate payable in arrear on a fixed date or fixed dates in each year and on redemption or on such other dates as may be agreed between the Issuer and the relevant Dealer(s) (as indicated in the applicable Final Terms);

  • Fixed Rate Period has the meaning specified in Section 2.1.

  • Notice of Special Rate Period means any notice with respect to a Special Rate Period of shares of MuniPreferred pursuant to subparagraph (d)(i) of Section 4 of Part I of this Statement.

  • Initial Rate Period means, with respect to the VMTP Shares of any Series, the period commencing on and including the Date of Original Issue thereof and ending on, and including, the next succeeding calendar day that is a Wednesday (or if such Wednesday is not a Business Day, the next succeeding Business Day).

  • Initial Fixed Rate Period means the period commencing on the Issue Date and ending on and including June 30, 2020.

  • Interest Period Date means each Interest Payment Date unless otherwise specified hereon.

  • Subsequent Fixed Rate Period means for the initial Subsequent Fixed Rate Period, the period commencing on April 1, 2022 and ending on and including March 31, 2027 and for each succeeding Subsequent Fixed Rate Period, the period commencing on the day immediately following the end of the immediately preceding Subsequent Fixed Rate Period and ending on and including March 31 in the fifth year thereafter.

  • Applicable LIBOR Rate means, (a) for Auction Periods of 35 days or less, One-Month LIBOR, (b) for Auction Periods of more than 35 days but less than 91 days, Three-Month LIBOR, (c) for Auction Periods of more than 90 days but less than 181 days, Six-Month LIBOR, and (d) for Auction Periods of more than 180 days, One-Year LIBOR.

  • SOFR Rate Day has the meaning specified in the definition of “Daily Simple SOFR”.

  • Rate Determination Notice has the meaning specified in Section 3.07(g).

  • EURIBOR Rate has the meaning specified in the definition of “Eurocurrency Rate”.

  • LIBOR Rate Adjustment Date With respect to each Distribution Date, the second LIBOR Business Day immediately preceding the commencement of the related Interest Accrual Period.

  • Interest Period End Date means the date or dates specified as such in, or determined in accordance with the provisions of, the Final Terms and, if an Applicable Business Day Convention is specified in the Final Terms, as the same may be adjusted in accordance with the Applicable Business Day Convention or, if the Applicable Business Day Convention is the FRN Convention and an interval of a number of calendar months is specified in the Final Terms as the Interest Accrual Period, such dates as may occur in accordance with the FRN Convention at such specified period of calendar months following the Interest Commencement Date (in the case of the first Interest Period End Date) or the previous Interest Period End Date (in any other case) or, if none of the foregoing is specified in the Final Terms, means the date or each of the dates which correspond with the Interest Payment Date(s) in respect of the Instruments.

  • Subsequent Rate Period means, with respect to any Series of RVMTP Shares, the period consisting of seven calendar days, but adjusted in each case to reflect any changes when the regular calendar day that is a Rate Determination Date is not a Business Day, from, and including, the first calendar day following the Initial Rate Period of such Series to, and including, the next Rate Determination Date for such Series and any period thereafter from, and including, the first calendar day following a Rate Determination Date for shares of such Series to, and including, the next succeeding Rate Determination Date for shares of such Series.

  • Interest Period means the period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the first Interest Payment Date and each successive period beginning on (and including) an Interest Payment Date and ending on (but excluding) the next succeeding Interest Payment Date.

  • Interest Rate Option means any LIBOR Rate Option or Base Rate Option.

  • LIBOR Index Rate means, for any Interest Period, the rate per annum (rounded upwards, if necessary, to the next higher one hundred-thousandth of a percentage point) for deposits in U.S. Dollars for a period equal to such Interest Period, which appears on the LIBOR01 Page as of 11:00 a.m. (London, England time) on the day two (2) Business Days before the commencement of such Interest Period.

  • Quarterly Floating Rate Period means, for the initial Quarterly Floating Rate Period, the period commencing on September 20, 2018 and ending on and including December 19, 2018, and thereafter the period from and including the day immediately following the end of the immediately preceding Quarterly Floating Rate Period to but excluding the next succeeding Quarterly Commencement Date.

  • Floating Rate Note means any Class A-2b Note.

  • Alternate Base Rate Advance means an Advance which bears interest at the Alternate Base Rate.