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. (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.

Examples of Applicable Loan Rate in a sentence

Borrower shall make Payments of interest only on the outstanding balance of the Loan, at the Applicable Loan Rate, on , and Payments of principal and interest from through the Maturity Date as provided in Exhibit G hereof, with interest on the outstanding balance of the Loan accruing at the Applicable Loan Rate, and with principal amortized on a - year -month basis from , to repay the Loan in full by the Maturity Date.
If such new Applicable Loan Rate and Prepayment Date are not acceptable to the Borrower, the Borrower shall prepay the Loan on the Prepayment Date.
If the Borrower’s fails to maintain such accounts, the Applicable Loan Rate shall be immediately and automatically increased by one half of one percent (.50%), and the Lender shall provide to the Borrower an updated schedule of Payments with respect to the Loans and such schedule of Payments shall be attached to this Loan Agreement as an amended Exhibit A.
Such repayment schedule shall be prepared by the Lender to require substantially equal monthly installments of principal and interest thereon at the Applicable Loan Rate, sufficient to repay the Series A Borrower Loan in full by the Maturity Date.
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 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.

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%.

Applicable Loan Rate means 1.00%.

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 3.20% per annum.