Term LIBOR Loan definition

Term LIBOR Loan means a Term Loan bearing interest at a rate determined by reference to Adjusted LIBOR.
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Term LIBOR Loan means any loan extended by Bank to Borrowers under the Term Loan bearing interest at a Term LIBOR Rate.
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Term LIBOR Loan means a Term Loan which is also a LIBOR Loan.
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Examples of Term LIBOR Loan in a sentence

  • Each prepayment of principal of a Term LIBOR Loan under this subsection shall be accompanied by all interest then accrued and unpaid on the principal so prepaid.

  • So long as any Event of Default has occurred and is continuing, each Term LIBOR Loan shall, unless otherwise agreed to in writing by each Lender, bear interest on the outstanding principal amount thereof for each Interest Period applicable thereto at a rate per annum equal to Three Percent (3%) over and above the applicable LIBOR Rate.

  • 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.

  • Interest on the Term Loan will accrue daily and be payable (a) except in respect of a Term LIBOR Loan, quarterly in arrears, commencing on January 1, 2010, and on the first day of April, July and October thereafter; (b) if a Term LIBOR Loan, on the last day of each Interest Period therefore and upon any prepayment thereof (to the extent accrued on the amount prepaid); and (c) at the Termination Date.

  • 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.

  • 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.

  • 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.

  • Unless XxXxxxx Properties shall have otherwise notified Lender in accordance with this Section 2.06(b), upon the expiration of any Interest Period, the applicable Term LIBOR Loan shall automatically convert to a Term Prime Loan upon the expiration of such Interest Period.

  • Any conversion or prepayment of Revolving LIBOR Loans or Term LIBOR Loan Portions made pursuant to the preceding sentence prior to the last day of an Interest Period for such Revolving LIBOR Loans or Term LIBOR Loan Portions shall be deemed a prepayment thereof for purposes of Paragraph 2.12.

  • From and after the maturity of the XxXxxxx Electronics Term Loan Notes, whether by reason of acceleration or otherwise, each Term LIBOR Loan which is a portion of the XxXxxxx Electronics Term Loan shall bear interest, payable on demand, for each day until paid, at a rate per annum equal to Three Percent (3%) over and above the higher of (i) the LIBOR Rate for the immediately preceding Interest Period applicable to such Term LIBOR Loan or (ii) the Adjusted Base Rate.


More Definitions of Term LIBOR Loan

Term LIBOR Loan means any portion of any Term Loan bearing interest based on the LIBOR Rate. Term Loan shall have the meaning ascribed thereto in Section 2.02. Term Loan Advance Notice shall have the meaning ascribed thereto in Section 2.02. Term Loan Advance Period shall have the meaning ascribed thereto in Section 2.02. Term Loan Note shall have the meaning ascribed thereto in Section 2.05(b).
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Term LIBOR Loan means any portion of any Term Loan bearing interest based on the LIBOR Rate. Term Loan shall have the meaning ascribed thereto in Section 2.02. Term Loan Commitments shall mean, subject to any assignments of the Term Loan Commitments by the Lenders to the extent permitted by Section 8.12: with respect to U.S. Bank, $25,000,000.00.
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Term LIBOR Loan means a Term Loan bearing interest at a rate determined by reference to the LIBOR Rate plus the Applicable LIBOR Margin.
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Term LIBOR Loan means any portion of the XxXxxxx Electronics Term Loan or the XxXxxxx Acquisition Term Loan bearing interest based on the LIBOR Rate. Total Revolving Credit Outstandings shall mean, as of any date, the sum of (a) the aggregate principal amount of all Revolving Credit Loans outstanding as of such date, plus (b) the aggregate principal amount of all Swing Line Loans outstanding as of such date plus (c) the aggregate undrawn face amount of all Letters of Credit outstanding as of such date plus all unreimbursed drawings with respect thereto. Transaction Documents shall mean this Agreement, the Notes, the Letter of Credit Reimbursement Agreement, the Letter of Credit Applications, the Revolving Credit Guaranty, the XxXxxxx Electronics Term Loan Guaranty, the XxXxxxx Acquisition Term Loan Guaranty, the Company Patent, Trademark and License Security Agreement, the Company Security Agreement, the Company Stock Pledge Agreement, the XxXxxxx Acquisition Patent, Trademark and License Security Agreement, the XxXxxxx Acquisition Security Agreement, the XxXxxxx Acquisition Collateral Assignment of Asset Purchase Agreement, the XxXxxxx Electronics Patent, Trademark and License Security Agreement, the XxXxxxx Electronics Security Agreement, the XxXxxxx/STC Patent, Trademark and License Security Agreement, the XxXxxxx/STC Security Agreement, any Swap Contract and/or Treasury Management Agreement heretofore, now or hereafter executed by a Borrower with or in favor of a Lender and any and all other agreements, documents and instruments heretofore, now or hereafter delivered to the Agent and/or any Lender with respect to or in connection with or pursuant to this Agreement, any Loans made hereunder, any Letters of Credit issued hereunder, any of the Borrower’s Obligations owed by any one or more of the Borrowers, any Guarantee of any of the Borrower’s Obligations owed by any one or more of the Borrowers, and executed by or on behalf of the Company, XxXxxxx Electronics, XxXxxxx Acquisition and/or any other Obligor, each as the same may from time to time be amended, modified, extended, renewed or restated. Treasury Management Agreement shall mean any agreement, document or instrument governing the provision of depository, treasury and/or cash management services, including, without limitation, deposit accounts, funds transfer, automated clearinghouse, zero balance accounts, returned check concentration, controlled disbursement, lockbox, account reconciliation and reporting and t...
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Related to Term LIBOR Loan

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

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

  • Dollar Loan means a Loan denominated in Dollars.

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

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

  • 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.

  • Eurocurrency Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

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

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

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

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

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

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR 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).

  • Eurodollar Competitive Loan means any Competitive Loan bearing interest at a rate determined by reference to the LIBO Rate in accordance with the provisions of Article II.

  • LIBO Rate Advance means a Pro Rata Advance that bears interest as provided in Section 2.04(a)(ii).

  • Eurocurrency Interest Period means with respect to any Eurocurrency Rate Borrowing, the period commencing on the date of such Borrowing and ending on the numerically corresponding day in the calendar month that is one, two, three or six months (or, to the extent agreed to by the Agent and each Lender making such Eurocurrency Rate Borrowing, twelve months or any shorter period) thereafter, as a Borrower may elect; provided that (a) if any Eurocurrency Interest Period would end on a day other than a Business Day, such Eurocurrency Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Eurocurrency Interest Period shall end on the next preceding Business Day, (b) any Eurocurrency Interest Period that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such Eurocurrency Interest Period) shall end on the last Business Day of the last calendar month of such Eurocurrency Interest Period and (c) no Eurocurrency Interest Period for any (i) Eurocurrency Rate Revolving Loan shall end after the latest Scheduled Termination Date for the applicable Revolving Commitments under the applicable Revolving Facility or (ii) Eurocurrency Rate Term Loans shall end after the stated maturity date of such Term Loans.

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

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

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

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

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