Applicable Prime Rate Percentage definition

Applicable Prime Rate Percentage means, on each day of any Accrual Period with respect to any Prime Rate Loans comprising a Revolving Credit Borrowing,
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Applicable Prime Rate Percentage means, on each day of any Accrual Period with respect to any Prime Rate Loans comprising a Revolving Credit Borrowing, (i) commencing on the first day of the Commitment Period and continuing through and including November 30, 2009, One Hundred (100) Basis Points per annum, and
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Applicable Prime Rate Percentage means, on any day with respect to any Prime Rate Loans comprising a Revolving Credit Borrowing,
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Examples of Applicable Prime Rate Percentage in a sentence

  • During such periods as a Revolving Credit Loan is a Prime Rate Loan, a rate per annum equal to the sum of the Prime Rate in effect from time to time plus the Applicable Prime Rate Percentage in effect from time to time, payable quarterly, in arrears, on each Quarterly Payment Date and on the date such Prime Rate Loan shall be converted or paid in full and at maturity (whether by reason of acceleration or otherwise).


More Definitions of Applicable Prime Rate Percentage

Applicable Prime Rate Percentage corresponding to the Borrower's Total Leverage Ratio as of the Interest Determination Date for such Interest Adjustment Date. Notwithstanding anything to the contrary contained in the foregoing, upon and during the continuance of an Event of Default, but without waiving such Event of Default or limiting any right or remedy of the Banks or the Agent in respect thereof, (A) the Applicable LIBOR Percentage shall immediately revert to Two Hundred Seventy-five (275) Basis Points if a Qualifying Sub-Debt Issuance has not occurred and Two Hundred Fifty (250) Basis Points if a Qualifying Sub-Debt Issuance has occurred, and (B) the Applicable Prime Rate Percentage shall immediately revert to One Hundred Seventy-five (175) Basis Points.
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Related to Applicable Prime Rate Percentage

  • Applicable Percentage means, with respect to any Lender, the percentage of the total Commitments represented by such Lender’s Commitment. If the Commitments have terminated or expired, the Applicable Percentages shall be determined based upon the Commitments most recently in effect, giving effect to any assignments.

  • Applicable Revolving Percentage means with respect to any Revolving Lender at any time, such Revolving Lender’s Applicable Percentage in respect of the Revolving Facility at such time.

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.14(C)(i) hereof determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • Asset Percentage has the meaning specified in Section 2.05(b)(ii).

  • Revolver Percentage means, for each Lender, the percentage of the Revolving Credit Commitments represented by such Lender’s Revolving Credit Commitment or, if the Revolving Credit Commitments have been terminated, the percentage held by such Lender (including through participation interests in Reimbursement Obligations) of the aggregate principal amount of all Revolving Loans and L/C Obligations then outstanding.

  • Revolving Credit Percentage as to any Revolving Credit Lender at any time, the percentage which such Lender's Revolving Credit Commitment then constitutes of the Total Revolving Credit Commitments (or, at any time after the Revolving Credit Commitments shall have expired or terminated, the percentage which the aggregate principal amount of such Lender's Revolving Credit Loans then outstanding constitutes of the aggregate principal amount of the Revolving Credit Loans then outstanding).

  • Revolving Commitment Percentage means, for each Lender, a fraction (expressed as a decimal) the numerator of which is the Revolving Commitment of such Lender at such time and the denominator of which is the Aggregate Revolving Committed Amount at such time. The initial Revolving Commitment Percentages are set out on Schedule 2.1(a).

  • Revolving Percentage as to any Revolving Lender at any time, the percentage which such Lender’s Revolving Commitment then constitutes of the Total Revolving Commitments or, at any time after the Revolving Commitments shall have expired or terminated, the percentage which the aggregate principal amount of such Lender’s Revolving Loans then outstanding constitutes of the aggregate principal amount of all Revolving Loans then outstanding; provided that in the event that the Revolving Loans are paid in full prior to the reduction to zero of the Total Revolving Commitments, the Revolving Percentages shall be determined in a manner designed to ensure that the other outstanding Revolving Extensions of Credit shall be held by the Revolving Lenders on a comparable basis.

  • Applicable Base Rate Margin means, on any day, a rate per annum equal to the higher of (a) the Applicable Eurocurrency Margin for such day minus 1.00% and (b) 0.00%.

  • Prime Rate Margin is set forth on Schedule I hereto.