UK LIBOR Loan definition

UK LIBOR Loan means each UK Revolving Loan denominated in Pounds Sterling bearing interest at a rate determined by reference to LIBOR.
Sample 1Sample 2Sample 3
UK LIBOR Loan each set of UK Revolver Loans, or portion thereof, funded in Sterling or Euro, and bearing interest calculated by reference to the LIBOR having a common length and commencement of Interest Period. UK Obligations: on any date, the portion of the Obligations outstanding that are owing by any UK Obligor. UK Obligors: UK Borrower, each UK Guarantor and each other Person that is liable for payment of any UK Obligations or that has granted a Lien in favor of Agent on its assets to secure any UK Obligations.
Sample 1Sample 2Sample 3
UK LIBOR Loan each set of UK Revolver Loans, or portion thereof, funded in Sterling or Euro, and bearing interest calculated by reference to the LIBOR having a common length and commencement of Interest Period.
Sample 1Sample 2

Examples of UK LIBOR Loan in a sentence

  • During any Default or Event of Default, Agent may (and shall at the direction of UK Required Lenders) declare that no UK Revolver Loan may be made, converted or continued as a UK LIBOR Loan.

  • During any Default or Event of Default, Agent may (and shall at the direction of UK Required Lenders) declare that no UK Revolver Loan may be made, converted or continued as a UK LIBOR Loan, in which case, all UK LIBOR Loans shall be made, converted and continued as UK Base Rate Loans notwithstanding the restrictions of Section 4.1.1(a).

  • If Borrower Representative or either UK Borrower shall fail to give timely notice of such UK Borrower's election to continue any UK LIBOR Loan or portion thereof made to such UK Borrower as provided above, or if such continuation shall not be permitted, such UK LIBOR Loan or portion thereof, unless such UK LIBOR Loan shall be repaid, shall automatically be converted into a UK Base Rate Loan at the end of the Interest Period then in effect with respect to such UK LIBOR Loan.


More Definitions of UK LIBOR Loan

UK LIBOR Loan means each UK Revolving Loan denominated in Pounds Sterling bearing interest at a rate determined by reference to
Sample 1
UK LIBOR Loan each set of UK Term Loans, or portion thereof, funded in Sterling or Euro, and bearing interest calculated by reference to the LIBOR having a common length and commencement of Interest Period. UK Maximum Borrowing Availability: an amount equal to the lesser of (a) the sum of (i) the aggregate UK Term Exposure, plus (ii) the result of the ABL UK Revolver Commitments then in effect (or, if such commitments have been terminated, the aggregate ABL UK Revolver Usage), and (b) the UK Borrowing Base at such time. UK Obligations: on any date, the portion of the Obligations outstanding that are owing by any UK Obligor. UK Obligors: UK Borrower, each UK Guarantor and each other Person that is liable for payment of any UK Obligations or that has granted a Lien in favor of Agent on its assets to secure any UK Obligations.
Sample 1
UK LIBOR Loan any Loan made hereunder to a UK Borrower bearing interest computed by reference to the LIBOR, including, without limitation, that portion of the outstanding principal amount of the UK Term Loans bearing interest with reference to the LIBOR.
Sample 1
UK LIBOR Loan each set of UK Term Loans, or portion thereof, funded in Sterling or Euro, and bearing interest calculated by reference to the LIBOR having a common length and commencement of Interest Period. UK Maximum Borrowing Availability: an amount equal to the lesser of (a) the sum of (i) the aggregate UK Term Exposure, plus (ii) the result of the ABL UK Revolver Commitments then in effect (or, if such commitments have been terminated, the aggregate ABL UK Revolver Usage), minus the UK Availability Reserve and (b) the UK Borrowing Base at such time. UK Obligations: on any date, the portion of the Obligations outstanding that are owing by any UK Obligor. UK Obligors: UK Borrower, each UK Guarantor and each other Person that is liable for payment of any UK Obligations or that has granted a Lien in favor of Agent on its assets to secure any UK Obligations.
Sample 1

Related to UK LIBOR Loan

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

  • 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.

  • Dollar Loan means a Loan denominated in Dollars.

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

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

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

  • 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.

  • Eurocurrency Rate Advance means a Revolving Credit Advance or a Term Loan Advance denominated in Dollars or in an Agreed Currency which bears interest as provided in Section 2.07(b) or a Local Currency Advance which bears interest as provided in Section 2.07(b) and the Local Currency Addendum.

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

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

  • 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.

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

  • Money Market LIBOR Loan means a loan to be made by a Bank pursuant to a LIBOR Auction (including such a loan bearing interest at the Base Rate pursuant to Section 8.01(a)).

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

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

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

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

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

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

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

  • Eurocurrency Loan means any Eurocurrency Term Loan or Eurocurrency Revolving Loan.

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

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