LMIR Rate Loan definition

LMIR Rate Loan means a Revolving Loan, or portion thereof, during any period in which it bears interest at an annual rate based upon the LMIR Rate. All LMIR Rate Loans shall be denominated in US Dollars.
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LMIR Rate Loan means any Advance under the Loans bearing interest at the LMIR Rate plus Applicable Margin.
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Examples of LMIR Rate Loan in a sentence

  • Unless Bank receives the Draw Amount in immediately available funds on or before the day on which Bank honors such draw request, the amount advanced by Bank to pay such draw shall be deemed to be a LMIR Rate Loan under the Revolving Credit Facility, without any requirement that Agent Borrower request such Loan or otherwise comply with the Loan Request provisions set forth in this Agreement.

  • Each Loan Request for a LMIR Rate Loan must be received by Bank no later than 2:00 p.m. Eastern time on the requested Funding Date.

  • Borrowers agree to pay to Bank interest on the principal balance of any LMIR Rate Loan and any LIBOR Rate Loan under Term Loan B on the first day of each calendar month, commencing on the first day of the first calendar month following the date hereof and on the Term Loan B Maturity Date.

  • Borrowers agree to pay to Bank interest on the principal balance of any LMIR Rate Loan and any LIBOR Rate Loan under Term Loan A on the first day of each calendar month, commencing on the first day of the first calendar month following the date hereof and on the Term Loan A Maturity Date.

  • Borrowers agree to pay to Bank interest on the principal balance of any LMIR Rate Loan and any LIBOR Rate Loan under the Revolving Credit Facility on the first day of each calendar month, commencing on the first day of the first calendar month following the date hereof, and on the expiration of the Contract Period.

Related to LMIR Rate Loan

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

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

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

  • Eurocurrency Rate Loan means a Loan that bears interest at a rate based on the Eurocurrency Rate.

  • Eurodollar Rate Loan means a Loan that bears interest at a rate based on the Eurodollar Rate.

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

  • 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.

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

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

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

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

  • Eurocurrency Rate Advance means a Revolving Credit Advance denominated in Dollars or a Committed Currency that bears interest as provided in Section 2.07(a)(ii).

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

  • Canadian Base Rate Loan means a Canadian Loan that bears interest at a rate per annum determined by reference to the Canadian Prime Rate.

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

  • LIBOR Rate Loans means the Loans bearing interest with reference to the LIBOR Rate.

  • Eurodollar Rate Loans means any Loans or portion thereof on which interest is payable based on the Adjusted Eurodollar Rate in accordance with the terms hereof.

  • Eurodollar Rate Advance means an Advance that bears interest as provided in Section 2.06(a)(ii).

  • Fixed Rate Loans means Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.

  • Eurodollar Rate Committed Loan means a Committed Loan that bears interest at a rate based on the Eurodollar Rate.

  • Canadian Prime Rate Loan means a Tranche B Loan denominated in Canadian Dollars that bears interest based on the Canadian Prime Rate.

  • Absolute Rate Loan means a Bid Loan that bears interest at a rate determined with reference to an Absolute Rate.

  • Eurocurrency Advance means an Advance which, except as otherwise provided in Section 2.12, bears interest at the applicable Eurocurrency Rate.