LMIR Loan definition

LMIR Loan means a Swingline Loan, or portion thereof, during any period in which it bears interest at a rate based upon the LIBOR Market Index Rate.
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LMIR Loan. Swingline Loans for which the applicable rate of interest is based upon the LIBOR Market Index Rate.
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LMIR Loan means a Loan that bears interest at LMIR.
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Examples of LMIR Loan in a sentence

  • By no later than 11:00 a.m., on the date of the request, the applicable Borrower shall submit a Notice of Borrowing to the Administrative Agent setting forth the amount requested, the desire to have such Revolving Loan made as a Base Rate Loan or LMIR Loan and complying in all respects with Section 5.2; provided, however, that certain Base Rate Loans may be made without a Notice of Borrowing in accordance with Section 2.7(a).

  • Each Borrower hereby irrevocably appoints ProxyMed as, and ProxyMed shall act under this Agreement as, the agent and representative of itself and each other Borrower for all purposes under this Agreement, including requesting Loans, selecting whether any Loan or portion thereof is to bear interest as a Base Rate Loan, a LMIR Loan or a LIBOR Loan, submitting Borrowing Base Certificates and receiving account statements and other notices and communications to Borrowers (or any of them) from Bank.

  • Borrowers shall give Bank irrevocable telephonic notice of each proposed Revolver Loan or permitted rate conversion not later than 12:00 p.m. (local time in Charlotte, North Carolina) on the same Business Day as each proposed Revolver Loan or rate conversion to a Base Rate Loan or a LMIR Loan.

  • If any Change in Law shall make it unlawful or impossible for Lender to make, maintain or fund any LMIR Loan, Lender shall promptly give notice thereof to Borrower Agent, whereupon until Lender notifies Borrowers that the circumstances giving rise to such suspension no longer exist, the obligation of Lender to make LMIR Loans, or to continue or convert outstanding Loans as or into LMIR Loans, shall be suspended, and all such Loans shall be made as, or converted to, Base Rate Loans.

  • The LIBOR Market Index Rate on the date hereof is 4.63% per annum and, therefore, the rate of interest in effect hereunder on the date hereof, expressed in simple interest terms, is 4.63% per annum with respect to any portion of the Loans bearing interest as a LMIR Loan.

  • Subject to the immediately preceding sentence, any request for, or rate conversion to, an LMIR Loan pursuant to Section 2.5.1 shall constitute Borrowers' Representative's election to have all Loans bear interest at a rate based upon the LIBOR Market Index Rate.

  • The LIBOR Market Index Rate on the date hereof is 2.99% per annum and, therefore, the rate of interest in effect hereunder on the date hereof, expressed in simple interest terms, is 5.74% per annum with respect to any portion of the Revolver Loans bearing interest as a LMIR Loan.

  • Borrower shall give Bank irrevocable telephonic notice of each proposed Revolver Loan or permitted rate conversion not later than 11:00 a.m. (local time in Charlotte, North Carolina) (a) on the same business day as each proposed Loan or rate conversion to a Base Rate Loan or a LMIR Loan.

  • Each Notice of Revolving Borrowing shall be irrevocable and shall specify: (i) the aggregate principal amount of the Revolving Loan, the portion of such Loan that will be a Domestic Revolving Loan, and the portion of such Loan that will be an Ex-Im Revolving Loan, (ii) the proposed date of such Revolving Loan (which shall be a Business Day) and (iii) whether such Revolving Loan shall be a Base Rate Loan or a LMIR Loan.

  • When a LMIR Loan is selected, the interest rate shall be adjusted daily as applicable to reflect LIBOR Market Index Rate then in effect and the LIBOR Market Index Rate shall continue to apply until another interest rate option is selected by Borrowers for that Loan.


More Definitions of LMIR Loan

LMIR Loan. Any Loan bearing interest at LMIR.
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LMIR Loan means a Revolving Loan, or portion thereof, during any period in which it bears interest at a rate based upon the LMIR Rate.
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LMIR Loan. Swingline Loans for which the applicable rate of interest is based upon the LIBOR Market Index Rate. “Loan”: any loan (including Revolving Loans and Swingline Loans) made by any Lender pursuant to this Agreement. “Loan Documents”: this Agreement, the Revolving Credit Notes, the Swingline Notes, the Guaranty, the Fee Letters, each Letter of Credit Reimbursement Agreement and each other agreement, document, instrument or certificate executed by any Borrower or any other Loan Party in connection with any of the foregoing which the Administrative Agent and the Parent Borrower designate as a “Loan Document”.
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LMIR Loan means any LIBOR Loan the LIBOR of which is set based on LMIR. Second Amended and Restated Credit and Security Agreement
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LMIR Loan and "LMIR Loans" shall mean, individually or collectively, as appropriate, any Advance and/or all Advances which bear interest at the Adjusted LIBOR Market Index Rate pursuant hereto.
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Related to LMIR Loan

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

  • LIBOR Loan means any portion of a Loan (other than a Base Rate Loan) bearing interest at a rate based on LIBOR.

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

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

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

  • Reference Rate Loan means any Committed Loan that bears interest at a rate determined with reference to the Reference Rate.

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

  • 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.

  • LIBOR Rate Loan means a Loan that bears interest based on LIBOR.

  • 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.

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

  • PPP Loan has the meaning set forth in Section 3.28.

  • 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).

  • Dollar Loan means a Loan denominated in Dollars.

  • Term SOFR Rate Loan means a Loan made hereunder with respect to which the interest rate is calculated by reference to Term SOFR (other than a Loan for which clause (c) of the definition of Base Rate is used to determine Base Rate).

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

  • 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.

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

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

  • 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.

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

  • Eurocurrency Rate Loan means a Loan that bears interest at a rate based on the Eurocurrency Rate. Eurocurrency Rate Loans may be denominated in Dollars or in an Alternative Currency. All Loans denominated in an Alternative Currency must be Eurocurrency Rate Loans.

  • 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.

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

  • Eurocurrency Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurocurrency 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.