Applicable Term Loan Rate definition

Applicable Term Loan Rate means, on any day (a) with respect to any Eurodollar Loan, 2.00% per annum and (b) with respect to any Base Rate Loan, 0.50% per annum.

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Applicable Term Loan Rate means, (a) in respect of that portion of the Term Loans which are Eurodollar Rate Loans or Cost of Funds Rate Loans, 350 basis points per annum and (b) in respect of that portion of the Term Loans which are Base Rate Loans, 250 basis points per annum.

Applicable Term Loan Rate. The per annum rate at which interest accrues on the Term Loan, being the following for the periods set forth below: ------------------------------------------------------------------ Period Interest Rate ------------------------------------------------------------------ December 2, 1999 through 17% December 1, 2000 ------------------------------------------------------------------ From and after December 2, 2000 17.5% ------------------------------------------------------------------ After the occurrence of an Event of Default, the Applicable Term Loan Rate shall be two percent (2%) in excess of the applicable rate set forth above.

Examples of Applicable Term Loan Rate in a sentence

Prior to April 1, 2012, Borrower shall pay interest only in arrears on the outstanding principal amount of the Term Loan on a monthly basis in accordance herewith at the Applicable Term Loan Rate.
In the event the Pricing Ratio for the Applicable Term Loan Rate is at Level I, the Term Loan Base Rate Margin shall be 2.000%, and in the event the Pricing Ratio for the Applicable Term Loan Rate is at Level II, the Term Loan Base Rate Margin shall be 2.250%.
PIK Interest shall be evidenced by separate promissory notes executed by the Borrower quarterly in arrears (commencing March 1, 2000), which PIK notes shall bear interest at the Applicable Term Loan Rate, shall be payable in full on the Maturity Date and shall be prepaid as provided herein.
The Term Loan shall bear interest on the Term Loan outstanding principal amount thereof at a rate equal to the Applicable Term Loan Rate.

More Definitions of Applicable Term Loan Rate

Applicable Term Loan Rate in Article I of the Original Agreement is amended to add the following to the end thereof: “, except as otherwise provided pursuant to Section 2.18 in respect of Term Loans made in connection with a particular Term Loan Increase”

Applicable Term Loan Rate shall have the meaning set forth in Section 2.3(a)(ii) hereof.

Applicable Term Loan Rate. The applicable rate per annum set forth in the following table: APPLICABLE TERM LOAN APPLICABLE TERM LOAN RATE FOR TERM LOAN RATE FOR TERM LOAN LEVEL PRICING RATIO BASE RATE LOANS EURODOLLAR RATE LOANS ===== ================ ====================== =========================== I less than 3.00:1 Base Rate plus 2.000% Eurodollar Rate plus 3.750% per annum per annum II greater than or Base Rate plus 2.250% Eurodollar Rate plus 4.000% equal to 3.00:1 per annum per annum Each Applicable Term Loan Rate shall become effective on the first day after receipt by the Banks of financial statements delivered pursuant to ss.7.4(a) or (b) hereof which indicate a change in the Pricing Ratio and in the Applicable Term Loan Rate in accordance with the above table, provided that for the period from the Sixth Amendment Effective Date through six (6) months after the Sixth Amendment Effective Date, the Applicable Rate shall be Level II. If at any time the financial statements required to be delivered pursuant to ss.7.4(a) or (b) hereof are not delivered within 10 days after the time periods specified in such subsections, the Applicable Term Loan Rate shall be the rate set forth for Level II, subject to adjustment upon actual receipt of such financial statements. Sixth Amendment Effective Date. June 4, 2001."