Revolving Interest Rate definition

Revolving Interest Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

Revolving Interest Rate means (a) with respect to Revolving Advances that are Domestic Rate Loans and Swing Loans, an interest rate per annum equal to the sum of the Applicable Margin plus the Alternate Base Rate and (b) with respect to Revolving Advances that are Term SOFR Rate Loans, the sum of the Applicable Margin plus the Term SOFR Rate.

Revolving Interest Rate has the meaning set forth in the Schedule.

Examples of Revolving Interest Rate in a sentence

• All disbursements or payments related to Letters of Credit shall be deemed to be Domestic Rate Loans consisting of Revolving Advances and shall bear interest at the Revolving Interest Rate for Domestic Rate Loans.

• Except as expressly provided otherwise in this Agreement, any Obligations other than the Advances that are not paid when due shall accrue interest at the Revolving Interest Rate for Domestic Rate Loans, subject to the provision of the final sentence of this Section 3.1 regarding the Default Rate.

• All disbursements or payments related to Letters of Credit shall be deemed to be Domestic Rate Loans consisting of Revolving Advances and shall bear interest at the Revolving Interest Rate for Domestic Rate Loans; Letters of Credit that have not been drawn upon shall not bear interest.

• If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the Revolving Interest Rate for Domestic Rate Loans during such extension.

• Whenever, subsequent to the date of this Agreement, the Alternate Base Rate is increased or decreased, the Revolving Interest Rate for Domestic Rate Loans shall be similarly changed without notice or demand of any kind by an amount equal to the amount of such change in the Alternate Base Rate during the time such change or changes remain in effect.

More Definitions of Revolving Interest Rate

Revolving Interest Rate means the Borrower’s from time to time option of (i) a floating per annum rate of interest equal to the Prime Rate minus one percent (1.0%), or (ii) the LIBOR Rate.

Revolving Interest Rate means an interest rate per annum equal to the sum of the Base Rate plus one percent (1.00%)."

Revolving Interest Rate means an interest rate per annum equal to (a) the Alternate Base Rate with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus two and one-half of one percent (2.50%) with respect to Eurodollar Rate Loans.

Revolving Interest Rate means, with respect to a Revolving Loan, an interest rate (determined at Borrower’s option from time to time) equal to either (i) the Prime Rate plus the Applicable Margin, or (ii) the LIBOR Rate plus the Applicable Margin.

Revolving Interest Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate (as defined in the PNC Facility) plus one half of one percent (.50%) with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus two and one quarter of one percent (2.25%) with respect to the Eurodollar Rate Loans.

Revolving Interest Rate means an interest rate per annum equal to (a) the sum of the Index plus one and one half of one percent (1.50%) with respect to Domestic Rate Loans and (b) the sum of LIBOR plus four and one quarter of one percent (4.25%) with respect to LIBOR Loans.

Revolving Interest Rate means an interest rate per annum equal to (a) with respect to Base Rate Loans, the greater of (i) one percent (1.00%) or (ii) the sum of the Base Rate minus one-half percent (0.50%) and (b) with respect to LIBOR Rate Loans, the sum of the LIBOR Rate plus two percent (2.00%).