Examples of LIBOR Supplement in a sentence
Subject to Sections 5 and 6 of the LIBOR Supplement, such rate shall apply during the entire Interest Period applicable to such LIBOR Advance, and interest calculated thereon shall be payable on the Interest Payment Date applicable to such LIBOR Advance.
The interest rate applicable to each LIBOR Advance shall be determined in accordance with Section 5(a) of the LIBOR Supplement.
This certificate is delivered pursuant to Section 2 of that certain LIBOR Supplement together with the Amended and Restated Loan and Security Agreement, dated December 24, 1997 ("Loan Agreement"), between Borrower and Silicon Valley Bank ("Bank").
Bank is authorized to make Advances under this Agreement or under the LIBOR Supplement, based upon instructions received from a Responsible Officer, or without instructions if in Bank's discretion such Advances are necessary to meet Obligations which have become due and remain unpaid.
Each Advance shall bear interest on the outstanding principal amount thereof from the date when made, continued or converted until paid in full at a rate per annum equal to either (i) the Prime Rate plus the Prime Rate Margin (as such term is defined in the LIBOR Supplement) or (ii) the LIBOR Rate plus the LIBOR Rate Margin (as such term is defined in the LIBOR Supplement).