LIBOR Request definition
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 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 ▇▇▇▇▇▇ 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 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.
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.
If a Borrower desires to continue a LIBOR Portion, such Borrower shall give Agent a LIBOR Request no later than 11:00 a.m. (Chicago, Illinois time) on the second Business Day prior to the requested continuation date.
If Borrower desires to continue a LIBOR Portion, Borrower shall give Agent a LIBOR Request no later than 11:00 a.m. (Chicago, Illinois time) on the third Business Day prior to the requested continuation date.
More Definitions of LIBOR Request
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 written notice from Borrower to Lender requesting that interest on all or a portion of the Revolving Loan or the Term Loan be based on the then applicable LIBOR Rate, specifying (i) a dollar amount of the LIBOR Revolving Portion or LIBOR Term Portion consistent with the definitions of such terms; (ii) the date on which the applicable Interest Rate Period shall begin; and (iii) the Interest Rate Period applicable thereto.
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, with respect to any portion of any Revolving 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).
LIBOR Request 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 Borrowers to Agent requesting that interest on a LIBOR Revolving Credit Loan 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 Revolving Credit Portion consistent with the definition of such terms. LIBOR Revolving Credit Portion - that portion of the Revolving Credit Loan specified in a LIBOR Request (including any Revolving Credit Loan which is being borrowed by Borrowers concurrently with such LIBOR Request) which is not less than $1,000,000 and an integral multiple of $500,000, which does not exceed the outstanding balance of Revolving Credit Loans (including any Revolving Credit Loan which is being borrowed by Borrowers concurrently with such LIBOR Request) 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 3.1(B) hereof and the LIBOR Period of which was commenced and not terminated. Each LIBOR Revolving Credit Portion shall be allocated among Lenders in accordance with their respective Revolving Credit Percentage. Lien - any interest in Property securing an obligation owed to, or a claim by, a Person other than the owner of the Property, whether such interest is based on the common law,
LIBOR Request means a Notice of Borrowing requesting a LIBOR Loan and setting forth the Interest Period.