LIBOR Swingline Loan definition

LIBOR Swingline Loan means a Swingline Loan which bears interest at the LIBO -------------------- Rate plus the Applicable Margin.
Sample 1Sample 2
LIBOR Swingline Loan means a Swingline Loan which bears interest at the LIBOR Rate plus the Applicable Margin.
Sample 1Sample 2

Examples of LIBOR Swingline Loan in a sentence

  • Each Swingline Loan denominated in U.S. Dollars or Sterling shall be made as a LIBOR Swingline Loan.

  • The Administrative Agent shall make the proceeds of such LIBOR Swingline Loan available to the applicable Borrower on such Borrowing Date by depositing such proceeds in the account of the applicable Borrower with the Administrative Agent on such Borrowing Date in immediately available funds.

  • Upon the Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period, the Borrower may revoke any request for a Eurocurrency Rate Loan or Daily LIBOR Swingline Loan, or conversion to or continuation of a Eurocurrency Rate Loan, during any Benchmark Unavailability Period and, failing that, the Borrower will be deemed to have converted any such request into a request for a borrowing of or conversion to Base Rate Loans.

  • Not later than 3:00 p.m. New York City time on the Borrowing Date specified in a notice in respect of LIBOR Swingline Loans, the LIBOR Swingline Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the amount of the LIBOR Swingline Loan to be made by the LIBOR Swingline Lender.

  • Each Canadian Swingline Loan denominated in Canadian Dollars shall be made as a CABR Swingline Loan and each Swingline Loan denominated in U.S. Dollars or Sterling shall be made as a LIBOR Swingline Loan.

  • The LIBOR Rate for each Interest Period for each LIBOR Revolving Loan comprising part of the same Borrowing or a LIBOR Swingline Loan, as the case may be, shall be determined by the Agent on the basis of applicable rates furnished to and received by the Agent as set forth above two Business Days before the first day of such Interest Period, subject, however, to the provisions of Section 2.14.

  • Unavailability Period, the Borrower may revoke any request for a Eurocurrency Rate Loan or Daily LIBOR Swingline Loan, or conversion to or continuation of a Eurocurrency Rate Loan, during any Benchmark Unavailability Period and, failing that, the Borrower will be deemed to have converted any such request into a request for a borrowing of or conversion to Base Rate Loans.

  • The definitions of Daily LIBOR Rate, Daily LIBOR Swingline Loan, Early Opt-In Election, Eurocurrency Rate, Eurocurrency Rate Loan and London Banking Day set forth in Article I of the Credit Agreement are hereby deleted in their entirety.

Related to LIBOR Swingline Loan

  • U.S. Swingline Loan means any swingline loan denominated in Dollars made by the applicable Swingline Lender to a US Borrower pursuant to Section 2.2, and all such swingline loans collectively as the context requires.

  • Canadian Swingline Loan means a Swingline Loan made to the Canadian Borrower.

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

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

  • Swingline Loan means a Loan made pursuant to Section 2.04.

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

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

  • Refunded Swingline Loans as defined in Section 2.7(b).

  • Swingline Loans as defined in Section 2.6.

  • Revolving Credit Loan has the meaning specified in Section 2.01(b).

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.

  • Revolving Loan means a Loan made pursuant to Section 2.01.

  • Swingline Loan Note a promissory note in the form of Exhibit H-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Swingline Rate means, for any Interest Period, the rate as offered by the Administrative Agent and accepted by the Borrower. The Borrower is under no obligation to accept this rate and the Administrative Agent is under no obligation to provide it.

  • Revolving Credit Base Rate Option A fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) equal to the Base Rate plus the Applicable Margin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate; or

  • Swing Loan has the meaning specified therefor in Section 2.3(b) of the Agreement.

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • Multicurrency Loan means a Loan denominated in Dollars or an Agreed Foreign Currency.

  • Canadian Revolving Loan means Loans made by a Lender in respect of its Canadian Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(c) and/or Section 2.24.

  • Eurocurrency Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Revolving Credit Loans as defined in Section 2.1.

  • Base Rate Revolving Loan means a Revolving Loan that is a Base Rate Loan.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Alternate Currency Loan means any Loan denominated in an Alternate Currency.

  • Swingline Loan Request has the meaning set forth in Section 2.06(b).

  • Revolving Loans as defined in Section 2.4(a).