Applicable Cash Rate means (i) with respect to the period commencing on the Sixth Amendment Date and ending on the last day of the Fiscal Quarter ending March 31, 2016, 8% per annum and (ii) with respect to each subsequent period, 12% per annum.
Applicable Cash Rate means a percentage per annum equal to (i) in the case of LIBOR Loans, the LIBOR Rate for such Interest Period plus 9.75% and (ii) in the case of Base Rate Loans, the Base Rate plus 8.75%.
Applicable Cash Rate means a percentage per annum equal to (1) for SOFR Loans, 9.00% and (2) for ABR Loans, 8.00%.
Examples of Applicable Cash Rate in a sentence
Subject to Section 4.2, Borrower shall pay to Agent for the ratable benefit of the Lenders interest on (i) the Incremental Loans at a rate per annum equal to twelve percent (12%) and (ii) the Existing Term Loans at a rate per annum equal to the Applicable Cash Rate plus the Applicable PIK Rate.
Interest on all Loans shall accrue on the outstanding principal amount of the Loans at a rate per annum equal to the Applicable Cash Rate from and including the Closing Date through but excluding the date of payment or prepayment.
More Definitions of Applicable Cash Rate
Applicable Cash Rate means, with respect to the Existing Loans:
Applicable Cash Rate means, with respect to any date, a percentage per annum equal to the rate set forth in the following table for the time period that includes such date: October 28, 2016 through October 31, 2018 0.00% November 1, 2018 through October 31, 2019 4.00% November 1, 2019 through October 31, 2020 6.00% November 1, 2020 through the Maturity Date and thereafter 8.00%
Applicable Cash Rate seven percent (7.00%) per annum.
Applicable Cash Rate two percent (2.00%) per annum; provided, that if the Borrowers exercise the Extension Option, then the Applicable Cash Rate shall be automatically increased on May 1, 2021, and at the end of each three-calendar month period thereafter, by one-half of a percentage point (0.500%) per annum.”
Applicable Cash Rate two percent (2.00%) per annum.