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.
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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.
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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%.
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Examples of Applicable Loan Rate in a sentence

  • In the event the Lender and the Issuer have not received a written notice from the Borrower electing the Floating Rate Option or the Fixed Rate Option 30 days prior to the end of the Initial Rate Period, the Applicable Loan Rate shall be the Floating Rate Option.

  • 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 B Borrower Loan in full by the Maturity Date.

  • 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, using an amortization period of 180 months from the first date of the month that follows the Interest-Only Period followed by a balloon payment of the unpaid principal amount of the Series C Loan on the Maturity Date.

  • The Lender shall, not later than 60 days following receipt of the Borrower’s written request for an extension, provide a written response to the Borrower indicating whether such extension is approved and the new Applicable Loan Rate, Prepayment Date, any applicable prepayment premiums and an amended Exhibit D.

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


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.
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Applicable Loan Rate means 0.85%.
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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.
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Applicable Loan Rate contained in SECTION 1.01 of the Credit Agreement is hereby amended and restated in its entirety as follows:
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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
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Applicable Loan Rate means 3.20% per annum.
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Applicable Loan Rate means 1.00%.
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