LIBOR Revolving Loan definition

LIBOR Revolving Loan means a Revolving Loan during any period in which it bears interest based on the LIBOR Rate.

LIBOR Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the LIBOR Rate in accordance with the provisions of Article II.

LIBOR Revolving Loan means a Revolving Loan which bears interest at the LIBO Rate plus the Applicable Margin.

Examples of LIBOR Revolving Loan in a sentence

• Notwithstanding anything to the contrary contained in this Agreement, unless so directed by the Borrower, or unless an Event of Default has occurred and is continuing, neither the Agent nor any Lender shall apply any payments which it receives to any LIBOR Revolving Loan, except (a) on the expiration date of the Interest Period applicable to any such LIBOR Rate Loan, or (b) in the event, and only to the extent, that there are no outstanding Base Rate Revolving Loans.

• Unless the Company notifies the Administrative Agent at least one Business Day before the date of any LIBOR Revolving Loan Borrowing for which a Notice of Borrowing as to such Revolving Loan Borrowing has previously been given that the Borrowers elect not to borrow on such date, then such Revolving Loan Borrowing shall be made as a Base Rate Borrowing.

• Each Borrower shall repay each LIBOR Revolving Loan made to it, together with accrued but unpaid interest thereon, on the last day of the Interest Period applicable to that Loan.

• For purposes of this Agreement, Loans may be classified and referred to by Class (e.g., a "Revolving Loan") or by Type (e.g., a "LIBOR Loan") or by Class and Type (e.g., a "LIBOR Revolving Loan").

• Save as otherwise provided in this Agreement, the duration of each Interest Period relating to a LIBOR Revolving Loan shall be the period selected by the relevant Borrower in the Utilisation Notice relating to that LIBOR Revolving Loan.

More Definitions of LIBOR Revolving Loan

LIBOR Revolving Loan means, with respect to any Interest Period for any Revolving Loan that is a LIBOR Rate Loan, the rate, as determined by Administrative Agent, for deposits in Dollars for the one (1), two (2), three (3) or six (6) month period (corresponding to the applicable Interest Period) appearing on the Reuters Screen LIBOR01 page as of 11:00 a.m. (London time) on the second full Business Day next preceding the first day of each Interest Period. In the event that such rate does not appear on the Reuters Screen LIBOR01 page at such time, the “LIBOR” shall be determined by reference to such other comparable publicly available service for displaying the offered rate for deposit in Dollars in the London interbank market as may be selected by Administrative Agent and, in the absence of availability, such other method to determine such offered rate as may be selected by Administrative Agent in its sole discretion.

LIBOR Revolving Loan is a Loan which is both a Revolving Loan and a LIBOR Loan).

LIBOR Revolving Loan has the meaning given in Section 2.1.1.2(a) of the Credit Agreement.

LIBOR Revolving Loan a revolving loan made or to be made by the Lenders in relation to which interest thereon is to be calculated by reference to LIBOR;

LIBOR Revolving Loan means a Revolving Credit Loan which is a LIBOR Loan. Unless the Alternate Rate is applicable pursuant to the terms of Section 2.7, Section 4.2, or Section 4.6, all Alternative Currency Loans shall be LIBOR Revolving Loans at all times.

LIBOR Revolving Loan or “ABR Revolving Loan”).

LIBOR Revolving Loan and "LIBOR Revolving Loans", "Notice of Revolver Conversion", "Notice of Revolver Interest Period Selection", "Reference Rate Revolving Loan" and "Reference Rate Revolving Loans" and "Yield Rate".