IBOR Rate Sample Clauses
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IBOR Rate. The election of IBOR Rates shall be subject to the following terms and requirements:
(a) The interest period during which the IBOR Rate will be in effect will be no shorter than 30 days and no longer than one year. The last day of the interest period will be determined by the Bank using the practices of the offshore dollar inter-bank market.
(b) Each IBOR Rate Portion will be for an amount not less than Five Hundred Thousand Dollars ($500,000).
(c) The Borrowers may not elect an IBOR Rate with respect to any principal amount which is scheduled to be repaid before the last day of the applicable interest period.
IBOR Rate. The election of IBOR Rates shall be subject to the following terms and requirements:
(a) The interest period during which the IBOR Rate will be in effect will be no shorter than 7 days but no longer than 180 days. The last day of the interest period will be determined by the Bank using the practices of the offshore dollar inter-bank market.
(b) Each IBOR Rate Portion will be for an amount not less than the following:
(i) for interest periods of 30 days or longer, Five Hundred Thousand Dollars ($500,000).
(ii) for interest periods less than 30 days, an amount which, when multiplied by the number of days in the applicable interest period, is not less than fifteen million (15,000,000) dollar-days.
(c) The Borrower may not elect an IBOR Rate with respect to any principal amount which is scheduled to be repaid before the last day of the applicable interest period.
IBOR Rate. The election of IBOR Rates shall be subject to the following terms and requirements:
(a) The interest period during which the IBOR Rate will be in effect will be no shorter than thirty (30) days and no longer than one year. The last day of the interest period will be determined by the Bank using the practices of the offshore dollar inter-bank market.
(b) Each IBOR Rate Portion will be for an amount not less than One Hundred Thousand and 00/100 Dollars ($100,000.00).
IBOR Rate. The election of IBOR Rates shall be subject to the following terms and requirements:
(a) The interest period during which the IBOR Rate will be in effect will be no shorter than 30 days and no longer than 180 days. The first day of the interest period must be a Banking Day on which the Bank is also open for business in California and dealing in offshore dollars. The last day of the interest period will be determined by the Bank using the practices of the offshore dollar inter-bank market.
(b) Each IBOR Rate Portion will be for an amount not less than the following:
(i) for interest periods of 91 days or longer, Five Hundred Thousand Dollars ($500,000).
(ii) for interest periods of between 31 and 90 days, One Million Dollars ($1,000,000).
(c) The Borrower may not elect an IBOR Rate with respect to any principal amount which is scheduled to be repaid before the last day of the applicable interest period.
IBOR Rate. The election of IBOR Rates shall be subject to the following terms and requirements:
(a) The interest period during which the IBOR Rate will be in effect will be no shorter than 30 days and no longer than one year. The last day of the interest period will be determined by the Bank using the practices of the offshore dollar inter-bank market.
(b) Each IBOR Rate Portion will be for an amount not less than the following:
(i) for interest periods of 91 days or longer, Five Hundred Thousand Dollars ($500,000).
(ii) for interest periods of between 30 days and 90 days, One Million Dollars ($1,000,000).
(c) The Borrower may not elect an IBOR Rate with respect to any principal amount which is scheduled to be repaid before the last day of the applicable interest period.
IBOR Rate. For any Interest Period for any IBOR Rate Loan denominated in any Alternative Currency:
IBOR Rate. The definition of "IBOR Rate" is added to read as follows:
IBOR Rate. The election of IBOR Rates shall be subject to the following terms and requirements:
(a) The interest period during which the IBOR Rate will be in effect will be one, two, three, four, five or six months. The last day of the interest period will be determined by the Bank using the practices of the offshore dollar inter-bank market.
(b) Each IBOR Rate Portion will be for an amount not less than the following:
(i) for interest periods of six months, Five Hundred Thousan Dollars ($500,000).
(ii) for interest periods of one, two, three, four, or five months, One Million Dollars ($1,000,000).
IBOR Rate. The election of IBOR Rates shall be subject to the following terms and requirements.
(a) The interest period during which the IBOR Rate will be in effect will be no shorter than 30 days and no longer than one year. The last day of the interest period will be determined by the Bank using the practices of the offshore dollar inter-bank market.
(b) Each IBOR Rate Portion will be for an amount not less than the following:
(i) for interest periods of 91 days or longer, Five Hundred Thousand Dollars ($500,000).
(ii) For interest periods of between 30 days and 90 days, Five Hundred Thousand Dollars ($500,000).
(c) The Borrower may not elect an IBOR Rate with respect to any principal amount which is scheduled to be repaid before the last day of the applicable interest period.
(d) The "IBOR Rate" means the interest rate determined by the following formula, rounded upward to the nearest 1/100 of one percent. (All amounts in the calculation will be determined by the Bank as of the first day of the interest period.)
IBOR Rate. Sections 1.5 and 2.5 of the Agreement are amended to delete the bullet that says “The IBOR Rate plus the Applicable Rate as defined below.” The IBOR Rate shall no longer be an optional interest rate, and Section 3.3 of the Agreement is hereby deleted. The reference to IBOR in the definition of “Applicable Rate” in Section 1.6 of the Agreement is also hereby deleted.