Facility Margin Level means 2.30% per annum.
Facility Margin Level means (a) in the case of a Cost of Funds Rate Advance, 2.25% per annum and (b) in the case of a Eurodollar Rate Advance or a Base Rate Advance, 2.75% per annum.
Facility Margin Level shall have the meaning specified in the Fee Letter.
Examples of Facility Margin Level in a sentence
While an Advance is a Base Rate Advance, a rate per annum equal to the sum of the Base Rate in effect from time to time plus the Facility Margin Level.
While an Advance is a Eurodollar Rate Advance, a rate per annum for each Interest Accrual Period for such Advance equal to the sum of LIBOR for such Interest Accrual Period plus the Facility Margin Level.
While an Advance is a SOFR Rate Advance, a rate per annum for each Interest Accrual Period for such Advance equal to the sum of the Benchmark for such Interest Accrual Period (giving effect to the applicable SOFR Adjustment) plus the Facility Margin Level.
While an Advance is a Cost of Funds Rate Advance, a rate per annum equal to the sum of the Cost of Funds Rate in effect from time to time plus the Facility Margin Level.
While an Advance is a SOFR Rate Advance, a rate per annum for each Interest Accrual Period for such Advance equal to the sum of the Benchmark for such Interest Accrual Period plus the Facility Margin Level.
More Definitions of Facility Margin Level
Facility Margin Level means 2.75% per annum.
Facility Margin Level means a per annum rate of (a) 1.55%, or in the case of Base Rate Advances, 0.55%, if the Aggregate Principal Balance of Collateral Obligations that are Middle Market Loans on the last day of the prior Interest Accrual Period is less than or equal to 25% (expressed as the percentage equivalent of a fraction, the numerator of which is the Aggregate Principal Balance of Middle Market Loans on the last day of the prior Interest Accrual Period and the denominator of which is the Aggregate Principal Balance of all Collateral Obligations on the last day of the prior Interest Accrual Period); (b) 1.65%, or in the case of Base Rate Advances, 0.65%, if the Aggregate Principal Balance of Collateral Obligations that are Middle Market Loans on the last day of the prior Interest Accrual Period is above 25% and less than or equal to 50%, as calculated pursuant to clause (a); (c) 1.80%, or in the case of Base Rate Advances, 0.80%, if the Aggregate Principal Balance of Collateral Obligations that are Middle Market Loans on the last day of the prior Interest Accrual Period is greater than 50% and less than or equal to 75%, as calculated pursuant to clause (a); or (d) 1.90%, or in the case of Base Rate Advances, 0.90%, if the Aggregate Principal Balance of Collateral Obligations that are Middle Market Loans on the last day of the prior Interest Accrual Period is greater than 75%, as calculated pursuant to clause (a).
Facility Margin Level means a per annum rate of (a) 1.551.62%, or in the case of Base Rate Advances, 0.55%, if the Aggregate Principal Balance of Collateral Obligations that are Middle Market Loans on the last day of the prior Interest Accrual PeriodDetermination Date is less than or equal to 25% (expressed as the percentage equivalent of a fraction, the numerator of which is the Aggregate Principal Balance of Middle Market Loans on the last day of the prior Interest Accrual PeriodDetermination Date and the denominator of which is the Aggregate Principal Balance of all Collateral Obligations on the last day of the prior Interest Accrual PeriodDetermination Date); (b) 1.651.77%, or in the case of Base Rate Advances, 0.65%, if the Aggregate Principal Balance of Collateral Obligations that are Middle Market Loans on the last day of the prior Interest Accrual PeriodDetermination Date is above 25% and less than or equal to 50%, as calculated pursuant to clause (a); (c) 1.801.96%, or in the case of Base Rate Advances, 0.80%, if the Aggregate Principal Balance of Collateral Obligations that are Middle Market Loans on the last day of the prior Interest Accrual PeriodDetermination Date is greater than 50% and less than or equal to 75%, as calculated pursuant to clause (a); or (d) 1.902.12%, or in the case of Base Rate Advances, 0.90%, if the Aggregate Principal Balance of Collateral Obligations that are Middle Market Loans on the last day of the prior Interest Accrual PeriodDetermination Date is greater than 75%, as calculated pursuant to clause (a).
Facility Margin Level has the meaning set forth in the applicable Fee Letter. “Fair Market Value” means for any Collateral Obligation either (i) the most recent quarterly fair market value approved by the Fund based on the valuations included in a report prepared by the Fund’s Independent Valuation Firm; provided that for purposes of determining Fair Market Value under clause (i), if the Independent Valuation Firm provides a range of market values, the Fair Market Value shall not exceed the mid-point of such range of market values reported by the Independent Valuation Firm or (ii) if prior to the Fund’s first fair market valuation for the Collateral Obligation, the purchase price thereof.
Facility Margin Level is hereby amended by replacing the reference to “2.30%” with “2.75%”.
Facility Margin Level shall have the meaning specified in the Second Restatement Fee Letter.
Facility Margin Level means a per annum rate of (a) 1.62%, or in the case of Base Rate Advances, 0.55%, if the Aggregate Principal Balance of Collateral Obligations that are Middle Market Loans on the Determination Date is less than or equal to 25% (expressed as the percentage equivalent of a fraction, the numerator of which is the Aggregate Principal Balance of Middle Market Loans on the Determination Date and the denominator of which is the Aggregate Principal Balance of all Collateral Obligations on the Determination Date); (b) 1.77%, or in the case of Base Rate Advances, 0.65%, if the Aggregate Principal Balance of Collateral Obligations that are Middle Market Loans on the Determination Date is above 25% and less than or equal to 50%, as calculated pursuant to clause (a); (c) 1.96%, or in the case of Base Rate Advances, 0.80%, if the Aggregate Principal Balance of Collateral Obligations that are Middle Market Loans on the Determination Date is greater than 50% and less than or equal to 75%, as calculated pursuant to clause (a); or (d) 2.12%, or in the case of Base Rate Advances, 0.90%, if the Aggregate Principal Balance of Collateral Obligations that are Middle Market Loans on the Determination Date is greater than 75%, as calculated pursuant to clause (a).