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.

  • 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.

  • 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.

  • 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.

  • In no instance will portfolio securities be purchased from or sold to Adviser, Sub-Adviser, the SEI Companies, or any affiliated person of any of the Trust, Adviser, the Sub-Adviser, the Administrator, the Distributor, or any entity Adviser has identified to the Sub-Adviser in writing, except as may be permitted under the '40 Act.

  • THE CREDIT FACILITIES 36 §2.1. Commitment to Lend 36 §2.2. Facility Fees 39 §2.3. Reduction of Commitments 40 §2.4. Reallocation of Commitments 41 §2.5. The Notes and Loan Accounts 43 §2.6. Interest on Loans 44 §2.7. Requests for Loans 45 §2.8. Election of LIBOR Rate; Notice of Election; Interest Periods; Minimum Amounts 47 §2.9. Funds for Loans 48 §2.10.

  • 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).

  • Following the expiration of any applicable LIBOR Rate Interest Period, if a Borrower'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 the outstanding principal balance of the Note shall automatically bear interest at the Base Rate until the commencement of the next LIBOR Rate Interest Period, if any.

  • 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 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...
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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.
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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;
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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.
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Related to LIBOR Rate Notice

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

  • Pricing Rate Period means, (a) in the case of the first Pricing Rate Period with respect to any Transaction, 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 such Remittance Date and ending on and excluding the following Remittance Date; provided, however, that in no event shall any Pricing Rate Period end subsequent to the Repurchase Date.

  • 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 3.07.