Applicable Margin for Advances definition

Applicable Margin for Advances. With respect to interest based on the LIBO Rate, 3.25% per annum (subject to increase in accordance with Section 3.01(b)). With respect to interest based on the Base Rate, 3.25% per annum (subject to increase in accordance with Section 3.01(b)).

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Applicable Margin for Advances. With respect to interest based on the Term SOFR Rate, 2.70% per annum (subject to increase in accordance with Section 3.01(b)); With respect to interest based on the Base Rate, 2.70% per annum (subject to increase in accordance with Section 3.01(b)).

Applicable Margin for Advances. With respect to interest based on the LIBO Rate, 2.75% per annum. With respect to interest based on the Base Rate, 2.75% per annum.

Examples of Applicable Margin for Advances in a sentence

If, on any date the aggregate principal amount of the outstanding Advances is less than the Minimum Funding Amount specified in the definition of the term Minimum Funding Amount, then the Company shall pay the Lenders interest at a per annum rate equal to (i) the Applicable Margin for Advances in U.S. Dollars set forth on the Transaction Schedule multiplied by (ii) the amount equal to the Minimum Funding Amount minus the aggregate principal amount of the outstanding Advances.
All outstanding Advances shall bear interest (from and including the date on which such Advance is made) at a per annum rate equal to the LIBO Rate for each Calculation Period in effect plus the Applicable Margin for Advances set forth on the Transaction Schedule.
All outstanding Advances shall bear interest (from and including the date on which such Advance is made) at a per annum rate equal to the Reference Rate (except as expressly set forth herein) for each Calculation Period in effect plus the Applicable Margin for Advances set forth on the Transaction Schedule.
In addition, if, at any time during the Reinvestment Period, the outstanding Advances are less than the Adjusted Principal Amount at such time, the Company shall incur interest on the difference of the Adjusted Principal Amount minus the amount of Advances at such time at a per annum rate equal to the Applicable Margin for Advances set forth on the Transaction Schedule minus the per annum rate payable in respect of commitment fees pursuant to Section 4.03(e).
Applicable Margin for Advances in U.S. Dollars: With respect to interest based on the LIBO Rate, 2.50% per annum.

More Definitions of Applicable Margin for Advances

Applicable Margin for Advances. With respect to interest based on the Benchmark, 2.45% per annum; provided that, in the case of

Applicable Margin for Advances. With respect to interest based on the applicable Reference Rate, (i) during Stage 1, 2.25% per annum and (ii) thereafter, 2.70% per annum (in each case, subject to increase in accordance with Section 3.01(b)). With respect to interest based on the applicable Base Rate, (i) during Stage 1, 2.25% per annum and (ii) thereafter, 2.70% per annum (in each case, subject to increase in accordance with Section 3.01(b)).

Applicable Margin for Advances. With respect to Advances denominated in USD: With respect to interest based on the Benchmark, (i) initially 2.46% per annum and (ii) upon the direction of the Required Financing Providers, during the occurrence and continuation of an Event of Default, 4.46%. With respect to interest based on the Base Rate, (i) initially 2.46% per annum and (ii) upon the direction of the Required Financing Providers, during the occurrence and continuation of an Event of Default, 4.46%. With respect to Advances denominated in a Permitted Non-USD Currency:With respect to interest based on any Benchmark, (i) initially 2.46% per annum and (ii) upon the direction of the Required Financing Providers, during the occurrence and continuation of an Event of Default, 4.46%; provided that (x) in the case of Advances denominated in GBP, the Applicable Margin for Advances shall be 2.46% plus 0.1193% per annum and

Applicable Margin for Advances. With respect to Advances denominated in USD: With respect to interest based on the applicable Reference Rate, 2.35% per annum (subject to increase in accordance with Section 3.01(b)). With respect to interest based on the applicable Base Rate, 2.35% per annum (subject to increase in accordance with Section 3.01(b)). With respect to Advances denominated in a Permitted Non-USD Currency: With respect to interest based on the applicable Reference Rate, 2.35% per annum; provided that, in the case of Advances denominated in GBP, the Applicable Margin for Advances shall be 2.35% plus the Applicable ▇▇▇▇▇ Adjustment per annum; provided further that, in the case of Advances denominated in CAD, the Applicable Margin for Advances shall be 2.35% plus 0.32138% per annum (in each case, subject to increase in accordance with Section 3.01(b)). With respect to interest based on the applicable Base Rate, 2.35% per annum (in each case, subject to increase in accordance with Section 3.01(b)).

Applicable Margin for Advances. With respect to Tranche A Advances: With respect to interest based on thea Benchmark, 2.45% per annum; provided that, in the case of Advances denominated in GBP, the Applicable Margin for Advances shall be 2.5693% per annum (in each case, subject to increase in accordance with Section 3.01(b)). With respect to interest based on the Term SOFR Rate, 2.55% per annum (subject to increase in accordance with Section 3.01(b)). With respect to interest based on the Base Rate, 2.55% per annum (subject to increase in accordance with Section 3.01(b)). With respect to interest based on the Base Rate, 2.45% per annum; provided that, in the case of Advances denominated in GBP, the Applicable Margin for Advances shall be 2.5693% per annum (in each case, subject to increase in accordance with Section 3.01(b)). With respect to Tranche B Advances: With respect to interest based on the Term SOFR Rate, 2.55% per annum (subject to increase in accordance with Section 3.01(b)). With respect to interest based on the Base Rate, 2.55% per annum (subject to increase in accordance with Section 3.01(b)).

Applicable Margin for Advances. With respect to interest based on a Reference Rate other than a Term SOFR Rate, (a) if the then current Financing Commitments are U.S.$750,000,000 or less, 2.70% per annum; provided that, in the case of Advances denominated in GBP, the Applicable Margin for Advances shall be, 2.8193% per annum (in each case, subject to increase in accordance with Section 3.01(b)) and

Applicable Margin for Advances. On any date of determination, with respect to interest based on any Benchmark, 2.25% (subject to increase in accordance with Section 3.01(b)); provided that, in the case of Advances denominated in GBP, the Applicable Margin for Advances shall be the applicable percentage specified above plus 0.1193% per annum. With respect to interest on any Base Rate Advance, 2.25% (subject to increase in accordance with Section 3.01(b)); provided that, in the case of Advances denominated in GBP, the Applicable Margin for Advances shall be the applicable percentage specified above plus 0.1193% per annum.