LIBOR Spread definition

LIBOR Spread means, at any date or any period of determination, the LIBOR Spread that would be in effect on such date or during such period pursuant to the chart set forth in Section 2.22 based on the rating of the Borrower's senior unsecured long-term debt.

LIBOR Spread means, with respect to each Component of the Loan, as the same may be reallocated pursuant to Section 11.1(b) hereof:

LIBOR Spread means (a) with respect to Tranche A Term Loans and Revolving Loans, 2.50% per annum, subject to adjustment pursuant to Section 2.06(c), and (b) with respect to Tranche B Term Loans, 3.25% per annum, subject to adjustment pursuant to Section 2.06(c).

Examples of LIBOR Spread in a sentence

• The applicable margin for ABR Loans shall be the applicable LIBOR Spread minus 100 Basis Points (but not less than 0%).

• Any decrease in the Facility Fee or applicable LIBOR Spread shall be effective on the date of announcement or publication by either of such rating agencies of an increase in rating or in the absence of announcement or publication on the effective date of such increase in rating.

• The applicable margin for ABR Loans shall be 1% less than the applicable LIBOR Spread (but not less than 0%).

• The Borrower shall pay to the Administrative Agent for the account of each Lender in accordance with its Percentage Share a Letter of Credit fee for each Letter of Credit equal to the LIBOR Spread then in effect with respect to Loans after giving effect to the L/C Obligations incurred with respect to such Letter of Credit times the actual daily maximum amount available to be drawn under such Letter of Credit.

• If there is any change in the LIBOR Spread during any quarter, the actual daily amount of each Letter of Credit shall be computed and multiplied by the LIBOR Spread with respect to Letters of Credit separately for each period during such quarter that such LIBOR Spread was in effect.

More Definitions of LIBOR Spread

LIBOR Spread means two and fifty hundredths percent (2.50%).

LIBOR Spread means 6.250000%, as such amount may be increased pursuant to Section 2.9(d) hereof. The LIBOR Spread shall be increased by one-quarter percent (0.25%) upon the commencement of the second Floating Rate Component Extension Period.

LIBOR Spread means with respect to any LIBO Rate Loan for any time prior to the Maturity Date, the percentage per annum set forth below under the caption "LIBOR Spread," determined by reference to the percentage of the Borrowing Base that the sum of all Loans outstanding plus all L/C Obligations represents at that time.

LIBOR Spread means that term as defined in Section 2.3(a).

LIBOR Spread means, as of any date of determination:

LIBOR Spread is defined in Section 2.4(c).

LIBOR Spread means five percent (5.00%).