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

  • 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.

  • 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.

  • 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 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 a Loan made pursuant to Section 2.04 as a “U.S. Swingline Loan.”

  • Canadian Swingline Loan means any Loan made by the Canadian Swingline Lender pursuant to Section 2.12.

  • 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 Loan bearing interest at a rate determined by reference to the Alternate Base Rate 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 means advances of principal on the Revolving Credit Loan by the Bank under the terms of this Loan Agreement to the Borrower during the term of the Revolving Credit Loan pursuant to Section 3.1.

  • 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 the Base Rate plus the Applicable Margin applicable to Base Rate Loans.

  • 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.

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Base Rate Loan means a Loan that bears interest based on the Base Rate.