LIBOR Request means a notice in writing (or by telephonic communication confirmed by telex, telecopy or other facsimile transmission on the same day as the telephone request) from Lawson to Lender requesting that interest on a LIBOR Loan be based on the LIBOR Based Rate, specifying: (i) the first day of the LIBOR Based Rate Interest Period, (ii) the length of the LIBOR Based Rate Interest Period consistent with the definition of that term, and (iii) a dollar amount of the LIBOR Portion consistent with the definition of such terms.
LIBOR Request a notice in writing (or by telephone confirmed by telex, telecopy or other facsimile transmission on the same day as the telephone request) from Borrower to Agent requesting that interest on a portion of the Revolving Credit Loan, Term Loan A or Term Loan B be based on the LIBOR Rate, specifying: (i) the first day of the LIBOR Period; (ii) the length of the LIBOR Period consistent with the definition of that term; and (iii) the dollar amount of the LIBOR Revolving Credit Portion, LIBOR Term A Portion or LIBOR Term B Portion consistent with the definition of such terms. LIBOR Revolving Credit Portion - that portion of the Revolving Credit Loans specified in a LIBOR Request (including any portion of Revolving Credit Loans which is being borrowed by Borrower concurrently with such LIBOR Request) which is not less than $1,000,000 and is an integral multiple of $100,000, which does not exceed the outstanding balance of Revolving Credit Loans not already subject to a LIBOR Option and, which, as of the date of the LIBOR Request specifying such LIBOR Revolving Credit Portion, has met the conditions for basing interest on the LIBOR Rate in Section 2.1.1(B) of the Agreement and the LIBOR Period of which was commenced and not terminated. LIBOR Term A Portion - that portion of Term Loan A specified in a LIBOR Request which is not less than $1,000,000 and is an integral multiple of $100,000, which does not exceed the outstanding balance of Term Loan A not already subject to a LIBOR Option and, which, as of the date of the LIBOR Request specifying such LIBOR Term A, has met the conditions for basing interest on the LIBOR Rate in Section 2.1.1(B) of the Agreement and the LIBOR Period of which was commenced and not terminated. LIBOR Term B Portion - that portion of Term Loan B specified in a LIBOR Request which is not less than $1,000,000 and is an integral multiple of $100,000, which does not exceed the outstanding balance of Term Loan B not already subject to a LIBOR Option and, which, as of the date of the LIBOR Request specifying such LIBOR Term B Portion, has met the conditions for basing interest on the LIBOR Rate in Section 2.1.1(B) of the Agreement and the LIBOR Period of which was commenced and not terminated.
LIBOR Request means a notice in writing (or by telephonic communication confirmed by telex, telecopy or other facsimile transmission on the same day as the telephone request) from Xxxxxx to Lender requesting that interest on a LIBOR Loan be based on the LIBOR Based Rate, specifying: (i) the first day of the LIBOR Based Rate Interest Period, (ii) the length of the LIBOR Based Rate Interest Period consistent with the definition of that term, and (iii) a dollar amount of the LIBOR Portion consistent with the definition of such terms.
Examples of LIBOR Request in a sentence
Each LIBOR Request shall be irrevocable and binding on Borrowers.
Provided that as of both the date of the LIBOR Request and the first day of the Interest Period, no Default or Event of Default exists, a Borrower may, on any Business Day, continue any LIBOR Portions of such Borrower into a subsequent Interest Period of the same or a different permitted duration.
Provided that as of both the date of the LIBOR Request and the first day of the Interest Period, no Default or Event of Default exists, Borrowers may, on any Business Day, convert any Base Rate Portion into a LIBOR Portion.
Provided that, as of both the date of the LIBOR Request and the first day of the Interest Period, no Default or Event of Default has occurred and is continuing, Borrowers may, on any Business Day, continue any LIBOR Portions into a subsequent Interest Period of the same or a different permitted duration.
Provided that as of both the date of the LIBOR Request and the first day of the Interest Period, no Default or Event of Default has occurred and is continuing, if Borrowers desire to obtain a LIBOR Portion, Borrower Representative shall give Agent a LIBOR Request no later than 1:00 p.m. (New York City time) on the third Business Day prior to the requested borrowing date.
More Definitions of LIBOR Request
LIBOR Request notice in writing (or by telephonic communication confirmed by telex, telecopy or other facsimile transmission on the same day as the telephone request) from the Borrower to the Agent requesting that interest on a LIBOR Portion be based on the LIBOR Rate, specifying: (i) the first day of the LIBOR Period, (ii) the length of the LIBOR Period consistent with the definition of that term, and (iii) a dollar amount of the LIBOR Portion consistent with the definition of that term.
LIBOR Request a notice in writing (or if permitted by Lender, by telephone) from Borrower to Lender requesting that interest on a LIBOR Revolving Credit Portion be based on the LIBOR Rate, specifying: (i) the first day of the Interest Period; (ii) the length of the Interest Period consistent with the definition of that term; and (iii) the dollar amount of the LIBOR Revolving Credit Portion consistent with the definition of such term.
LIBOR Request. Borrower’s written request in the form of Exhibit G attached hereto and made a part hereof, to be received by Administrative Agent by 12:00 p.m. (Dallas, Texas time) three (3) LIBOR Business Days prior to the LIBOR Business Day specified in the LIBOR Request for the commencement of the Interest Period, of the LIBOR Based Rate and Interest Period desired by Borrower in respect to a LIBOR Request Amount.
LIBOR Request means a written request signed by a Designated Financial Officer for the conversion of Base Rate Loans or LIBOR Daily Floating Rate Loans into LIBOR Loans or for the continuation of an existing LIBOR Loan for an additional LIBOR Interest Period in accordance with Section 2.3, in substantially the form of Exhibit B-3 annexed hereto.
LIBOR Request means a Notice of Borrowing requesting a LIBOR Loan and setting forth the Interest Period.
LIBOR Request a notice in writing (or by telephone confirmed electronically or by telecopy or other facsimile transmission on the same day as the telephone request) from Borrower Representative to Administrative Agent requesting that interest on a Revolving Credit Loan or all or a portion of the Term Loan B be based on the LIBOR, specifying: (i) the first day of the Interest Period (which shall be a Business Day); (ii) the length of the Interest Period; (iii) whether the LIBOR Loan is a new Loan, a conversion of a Base Rate Loan, or a continuation of a LIBOR Loan, and (iv) the dollar amount of the LIBOR Loan, which shall be in an amount not less than $1,000,000 or an integral multiple of $100,000 in excess thereof."
LIBOR Request means, with respect to any portion of any Revolving Loan or Term B Loan, a request in writing from Borrower to Bank, requesting that the Loan specified in such LIBOR Request bear interest at the applicable LIBOR Interest Rate for a certain Interest Period commencing on a date specified in such LIBOR Request (which specified date must be at least two full Business Days after the date Bank receives and acknowledges its receipt of such LIBOR Request).