Term Loan Interest Rate definition

Term Loan Interest Rate means for any day a per annum rate of interest equal to the greater of either (i) 9.25% plus the prime rate as reported in The Wall Street Journal minus 3.50% and (ii) 9.25%.

Term Loan Interest Rate means for any day, a floating per annum rate equal to the greater of (a) nine and sixty-five hundredths percent (9.65%) or (b) the sum of (i) nine and sixty-five hundredths percent (9.65%), plus (ii) the Prime Rate minus three and one-quarter percent (3.25%); provided, however, that in no event shall the Term Loan Interest Rate exceed 15.0% (provided such limit does not include any Default Rate which may be imposed by Agent).

Term Loan Interest Rate means for any day a per annum rate of interest equal to twelve per cent (12.0%).

Examples of Term Loan Interest Rate in a sentence

• The Term Loan Interest Rate will float and change on the day the Prime Rate changes from time to time.

• The principal balance of each Term Loan Advance shall bear interest thereon from such Advance Date at the Term Loan Interest Rate based on a year consisting of 360 days, with interest computed daily based on the actual number of days elapsed.

• The Term Loan Interest Rate will float and change on the day the prime rate changes from time to time.

• The principal balance shall bear interest thereon from such Advance Date at the Term Loan Interest Rate based on a year consisting of 360 days, with interest computed daily based on the actual number of days elapsed.

• Each written Revolving Loan Notice shall be substantially in the form of Exhibit A-1 attached hereto, and each written Term Loan Interest Rate Selection Notice shall be substantially in the form of Exhibit A-2 attached hereto.

More Definitions of Term Loan Interest Rate

Term Loan Interest Rate means (i) (a) the Adjusted LIBO Rate for the applicable Interest Period plus (b) 6.00% or, at the option of the Borrowers, (ii) (a) the Base Rate plus (b) 6.00%.

Term Loan Interest Rate means a rate per annum equal to nine and one-half percent (9.50%);

Term Loan Interest Rate means for any day, a floating per annum rate equal to the greater of (a) the Prime Rate plus three percent (3.00%), or (b) eight percent (8.00%). The Term Loan Interest Rate will change from time to time on the day the Prime Rate changes.”

Term Loan Interest Rate means, (a) at all times prior to the Fifth Amendment Effective Date, 12.00% per annum, and (b) at all times on and after the Fifth Amendment Effective Date, 9.50% per annum.”

Term Loan Interest Rate shall have the meaning set forth in Section 4.

Term Loan Interest Rate means for any day a per annum rate of interest equal to the greater of either (i) the prime rate as reported in The Wall Street Journal plus 4.55%, and (ii) 8.55%.

Term Loan Interest Rate has the meaning set forth in Section 3.1(a).