Alternative Interest Rate Election Event definition

Alternative Interest Rate Election Event has the meaning given to such term in Section 2.06(c).

Alternative Interest Rate Election Event shall have the meaning set forth in Section 2.11(f).

Alternative Interest Rate Election Event has the meaning set forth in Section 3.03(b).

Examples of Alternative Interest Rate Election Event in a sentence

• Notwithstanding the foregoing, this Section 2.16 will not apply to losses, costs or expenses resulting from (i) the revocation by the Borrower of a Borrowing Request pursuant to Section 1.18 (to the extent applicable) or Section 2.14(a) or the occurrence of any Alternative Interest Rate Election Event and (ii) Taxes, as to which Section 2.17 shall govern.

• Notwithstanding anything to the contrary contained in this Section 10.01, the Administrative Agent and the Lead Borrower shall be permitted to amend this Agreement in the event of an Alternative Interest Rate Election Event in accordance with Section 3.03(b).

• Notwithstanding the foregoing, this Section 2.16 will not apply to losses, costs or expenses resulting from (i) the revocation by the Borrowers of a Borrowing Request pursuant to Section 2.14(a) or the occurrence of any Alternative Interest Rate Election Event and (ii) Taxes, as to which Section 2.17 shall govern.

• To the extent that the Administrative Agent is required (pursuant to any Loan Document or otherwise) to provide notice to the Borrower, any Lender or any other party to the Existing Agreement of an Alternative Interest Rate Election Event (or other analogous or similar event) and the adoption and implementation of Term SOFR or the use and administration thereof, this Amendment shall constitute such notice.

More Definitions of Alternative Interest Rate Election Event

Alternative Interest Rate Election Event shall have the meaning assigned to such term in Section 10.24.

Alternative Interest Rate Election Event has the meaning specified therefor in the definition of “LIBOR Rate”.

Alternative Interest Rate Election Event has the meaning assigned to such term in Section 3.05(e).

Alternative Interest Rate Election Event has the meaning specified in Section 2.17(b).

Alternative Interest Rate Election Event has the meaning set forth in Section 2.16(e).

Alternative Interest Rate Election Event is defined in Section 4.03.

Alternative Interest Rate Election Event has the meaning set forth in Section 3.03(b). “Anti-Terrorism Laws” shall have the meaning assigned to such term in Section 5.17(a). “Applicable Asset Sale Percentage” means, for any Disposition, 100%. “Applicable Discount” has the meaning set forth in Section 2.05(a)(v)(C)(2). “Applicable ECF Percentage” means, for any fiscal year, (a) 50%, if the Consolidated Senior Secured Net Leverage Ratio (determined on a Pro Forma Basis in accordance with Section 1.11) as of the last day of such fiscal year is greater than 4.00 to 1.00, (b) 25%, if the Consolidated Senior Secured Net Leverage Ratio (determined on a Pro Forma Basis in accordance with Section 1.11) as of the last day of such fiscal year is less than or equal to 4.00 to 1.00 and greater than 3.50 to 1.00, and (c) 0%, if the Consolidated Senior Secured Net Leverage Ratio (determined on a Pro Forma Basis in accordance with