Examples of Term LIBOR Loan in a sentence
Portions of each Term Lender's Term Loan may from time to time be designated as a Term Base Rate Loan or Term LIBOR Loan as provided herein.
If the full amount is not used in a given year, the unused portion may be carried forward from year to year during the tenure of a pastor, not to exceed a total amounting to three year’s continuing education allowance inclusive of the current year’s amount.
That portion of the Term Loan tied to the LIBOR Interest Rate is called a “Term LIBOR Loan,” and that portion of the Term Loan tied to the Prime Rate is called a “Term Prime Loan.” The Term Loan will be a Term Prime Loan any time it is not a Term LIBOR Loan.
The salient features of the regulative framework of merchant banking in India are discussed below.Registration of Merchant Bankers Application for Grant of CertificateAn application by a person for grant of a certificate shall be made to the Board in Form A.
The Term Loan will bear interest from disbursement until due (whether at stated maturity, by acceleration on otherwise) at a rate equal to, at Borrower’s option, either (a) for a Term LIBOR Loan (as defined below), the LIBOR Interest Rate plus seven and one-half percent (7.5%) per year, or (b) for a Term Prime Loan (as defined below), the fluctuating Prime Rate plus five percent (5.0%) per year.
This Court’s standard of review in assessing the factual findings in the LT’s Judgment is to determine whether they are supported by competent evidence.
Term Borrower may make the following elections with respect to outstanding Term Loans (1) to Convert, in whole or part, any Type of Term Loan to any other Type of Term Loan, provided that any such Conversion of any Term LIBOR Loan must be made on the last day of the Interest Period applicable thereto; and (2) to Continue, in whole or in part, Term LIBOR Loans beyond the expiration of such Interest Period by designating a new Interest Period to take effect at the time of such expiration.
After any Bank notifies Administrative Agent and Borrower of such a Change of Law and until such Bank notifies Administrative Agent and Borrower that it is no longer unlawful or impossible for such Bank to make or maintain any Revolving LIBOR Loan or Term LIBOR Loan Portion, all Revolving Loans and all Portions of the Term Loan of such Bank shall be Revolving Base Rate Loans and Term Base Rate Loan Portions, respectively.
Without modifying the order of application of prepayments set forth above, (A) all prepayments of the Revolving Loans shall, to the extent possible, be first applied to prepay Revolving Base Rate Loans and then, if any funds remain, to prepay Revolving LIBOR Loans and (B) all prepayments of the Term Loans shall, to the extent possible, be first applied to prepay Term Base Rate Loan Portions and then, if any funds remain, to prepay Term LIBOR Loan Portions.
For approval to obligate gift funds for other purposes identified in the Gift Opportunities List (i.e., travel, honoraria, mementos, equipment, books, etc.), submit an eSSS to verify appropriateness of expenditure and availability of funds to JA and A8D for coordination and to the ME for approval.