SIBOR Loan definition
SIBOR Loan refers to a Loan bearing interest at a rate determined by reference to SIBOR.
SIBOR Loan refers to a Loan bearing interest at a rate determined by reference to SIBOR. “Singapore Dollars” means the lawful currency of Singapore.
SIBOR Loan each set of SIBOR Revolver Loans having a common length and commencement of Interest Period.
Examples of SIBOR Loan in a sentence
SIBOR Loan: each set of SIBOR Revolver Loans having a common length and commencement of Interest Period.
During any Event of Default, Agent may (and shall at the direction of Required Borrower Group Lenders of the applicable Borrower Group that consists of the Singapore Borrowers) declare that no Loan may be made, converted or continued as a SIBOR Loan.
During any Event of Default, the Agent may (and shall at the direction of Required Lenders) declare that no Loan may be made, converted or continued as a SIBOR Loan.