LIR Loan definition

LIR Loan means a Loan, or portion thereof, during any period in which it bears interest at a rate based on the LIBOR Index Rate.
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LIR Loan means Loans bearing interest at the LIBOR Index Rate.
Sample 1

Examples of LIR Loan in a sentence

  • The rate of interest on any LIR Loan shall be adjusted as provided in the definition of “LIBOR Index Rate,” subject to Section 2.3(g).

  • Interest accrued on the Revolving Loans shall be due and payable on (i) the first day of each month (for the immediately preceding month), computed through the last day of the preceding month, with respect to any Revolving Loan that is a Base Rate Loan, an LIR Loan or a LIBOR Loan, and (ii) the last day of the applicable Interest Period also in the case of a LIBOR Loan.

  • If the requested Loan is to be a Base Rate Loan or an LIR Loan then such Notice of Borrowing or request must be received by Agent at or before 12:00 noon on the Business Day on which Borrowers desire such Loan to be made.

  • Subject to the terms and conditions of this Agreement, (i) the Revolving Loans may be LIR Loans, and (ii) the Term Loan may be a LIR Loan.

  • Other (losses)/ gains - netOther gains in 1Q2019 amounted to RMB6.2 million, compared to RMB2.3 million in 1Q2018, attributed mainly to foreign exchange gains arising from receivables denominated in SGD which had strengthened against the USD.

  • The rate of interest on any LIR Loan shall be adjusted as provided in the definition of “LIBOR Index Rate,” subject to Section 2.3(f).

  • The LIBOR Index Rate on the date hereof is 0.32875% per annum and, therefore, the rate of interest in effect hereunder on the date hereof, expressed in simple interest terms (but on a 360-day basis), is, subject to Section 2.3(c), 3.32875% per annum with respect to any portion of the Revolving Loans bearing interest as a LIR Loan.

  • NIT Puducherry Karaikal shall, in no way, be responsible for settlement of such issues whatsoever.

  • Each prepayment of any portion of the Term Loan which constitutes a Base Rate or LIR Loan shall be in a minimum amount of $100,000.

  • The LIBOR Index Rate on the date hereof is _______ percent (____%) per annum and, therefore, the rate of interest in effect hereunder on the date hereof, expressed in simple interest terms (but on a 360-day basis), is _______ percent (____%) per annum with respect to any portion of the Revolving Loans bearing interest as a LIR Loan.

Related to LIR Loan

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • LIBOR Loan means a Loan or any portion thereof bearing interest by reference to the LIBOR Rate.

  • Eurodollar Loan means any Loan bearing interest at a rate determined by reference to the Eurodollar Rate.

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • PPP Loan means (i) any covered loan under paragraph (36) of Section 7(a) of the Small Business Act (15 U.S.C. 636(a)), as added by Section 1102 of the CARES Act, or (ii) any loan that is an extension or expansion of, or is similar to, any covered loan described in clause (i).

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • CDOR Rate Loan means a Loan denominated in Canadian Dollars the rate of interest applicable to which is based on the CDOR Rate.

  • Dollar Loan means a Loan denominated in Dollars.

  • Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.

  • Index Rate Loan means a Loan or portion thereof bearing interest by reference to the Index Rate.

  • LIBOR Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the LIBOR Rate.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

  • Domestic Rate Loan means any Advance that bears interest based upon the Alternate Base Rate.

  • LIBO Rate Loan means a Loan bearing interest, at all times during an Interest Period applicable to such Loan, at a fixed rate of interest determined by reference to the LIBO Rate (Reserve Adjusted).

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

  • Reference Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the Reference Rate.

  • Eurocurrency Loan means any Eurocurrency Term Loan or Eurocurrency Revolving Loan.

  • Floating Rate Loan means a Loan which bears interest at the Floating Rate.

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

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

  • Euro-Dollar Loan means a Committed Loan that bears interest at a Euro-Dollar Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

  • Bid Rate Loan means a loan made by a Lender under Section 2.2.

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

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