Applicable Loan Rate definition

Applicable Loan Rate means the Eurodollar Loan Rate in effect from time to time, unless an event set forth in Section 2.05 shall occur, in which case the Applicable Loan Rate from and after the date of such event shall mean the Federal Loan Rate.

Applicable Loan Rate shall have the meaning set forth in Section 4.11 hereof. The Applicable Loan Rate shall be subject to further adjustment in accordance with Section 4.08(e) hereof.

Applicable Loan Rate means 0.95%., (a) from the Effective Date to the Amendment No. 11 Effective Date, the applicable rate set forth from time to time in this Credit Agreement at which the applicable loan rate accrues, and (b) from and after the Amendment No. 11 Effective Date, a rate per annum equal to 1.15%.

Examples of Applicable Loan Rate in a sentence

• Deliveries shall be accepted only Monday through Friday (Excluding New York State holidays) between the hours of 8:15 and 10:30 a.m. or noon and 2:30 p.m.2. If shipment will not be made within the guaranteed delivery time; the contractor is required to notify the agency in writing at least two weeks prior to the latest date of the original delivery obligation.

• It is key to ensure that hardware and software components produced in the EU and in third countries that are used in critical services and infrastructure and increasingly in mobile devices are trustworthy, secure and guarantee the protection of personal data.

• If (a) the Borrower shall fail to pay the principal and accrued interest on the Borrower Loan when the same shall become due under this Loan Agreement, or (b) a notice of default is issued under the Security Agreement, then the Applicable Loan Rate hereunder shall increase to the Default Rate.

• During the Initial Rate Period, the Applicable Loan Rate shall be equal to the Prime Rate minus 0.875%.

• If (a) the Borrower shall fail to pay the principal and accrued interest on the Borrower Loans when the same shall become due under this Loan Agreement, or (b) a notice of default is issued under the Security Agreement, then the Applicable Loan Rate hereunder shall increase to the Default Rate.

More Definitions of Applicable Loan Rate

Applicable Loan Rate. (with respect to Tranche A Loans) and "Pricing Level" (and all ancillary definitions related thereto) shall, without any further act on the part of any party hereto, automatically be deemed to be amended by, and to the extent set forth in, any amendment to the analogous definitions contained in the Credit Agreement effected in accordance with the provisions of Section 3.01 of the Intercreditor Agreement (but subject to the provisions of Section 3.01(c) of the Intercreditor Agreement), so that at all times the Applicable Lease Margin and the Applicable Loan Margin with respect to the Tranche A Loans shall, for each Pricing Level, be equal to the "Applicable Margin" (as defined in the Credit Agreement) for such Pricing Level. In addition, if at any time the "Applicable Margin" under the Credit Agreement for Variable Rate Loans (as defined in the Credit Agreement) shall be more than 0.00% for any Pricing Level, then the definition of "Alternate Base Rate" contained in Appendix A hereto shall, without any further act on the part of any party hereto, automatically be deemed to be amended to include a margin for such Pricing Level equal to the "Applicable Margin" for Variable Rate Loans for such Pricing Level set forth in the Credit Agreement.

Applicable Loan Rate contained in SECTION 1.01 of the Credit Agreement is hereby amended and restated in its entirety as follows:

Applicable Loan Rate means 0.85%.

Applicable Loan Rate means 1.00%.

Applicable Loan Rate means 3.20% per annum.

Applicable Loan Rate means the product of (a) .70 and (b) the Prime Rate plus 1.00. “Available Commitment” means, on the Closing Date, an initial amount equal to

Applicable Loan Rate means, for the period from the Initial Borrowing Date through December 31, 1996, the Prime Rate of Banque Paribas on the Initial Borrowing Date and for each calendar year thereafter, Applicable Loan Rate shall mean the Prime Rate of Banque Paribas on January 1 of such calendar year; provided that if the relevant financial institution ceases to exist or ceases to publish a prime rate or comparable base rate, Lender shall select another domestic financial institution to replace it for purposes of determining the Applicable Loan Rate.