Applicable Daily LIBOR Rate Margin definition
Applicable Daily LIBOR Rate Margin means, as of any date, two and three-fourths percent (2.75%) for Revolving Loans and three percent (3.0%) for the Term Loan.
Applicable Daily LIBOR Rate Margin means, effective as of the first Business Day of first calendar month after the Specified Conditions are met, three percent (3.00%) for Revolving Loans and three and one-quarter percent (3.25%) for the Term Loan.
Applicable Daily LIBOR Rate Margin means: (i) for the period beginning on the Seventh Amendment Effective Date and continuing until June 30, 2014, four percent (4.0%) for Revolving Loans, and four percent (4.0%) for Term Loans; (ii) for the period beginning on July 1, 2014 and continuing until September 30, 2014, six percent (6.0%) for Revolving Loans, and six percent (6.0%) for Term Loans; and (iii) for the period beginning on October 1, 2014 and continuing thereafter, eight percent (8.0%) for Revolving Loans, and eight percent (8.0%) for Term Loans.
Examples of Applicable Daily LIBOR Rate Margin in a sentence
All amounts outstanding under this Note, as of any date, which are not then subject to a LIBOR Tranche Election, will automatically bear interest at a floating rate equal to the Daily LIBOR Rate plus the Applicable Daily LIBOR Rate Margin (as defined below).