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 either (i) nine and ninety-five hundredths of one percent (9.95%), or (ii) the sum of (A) nine and ninety-five hundredths of one percent (9.95%), plus (B) the Prime Rate minus four and one half of one percent (4.50%). The Term Loan Interest Rate will change from time to time on the day the Prime Rate changes.
Term Loan Interest Rate means for any day a per annum rate of interest equal to the greater of (i) (a) the prime rate as reported in The Wall Street Journal, plus (b) 5.90%, and (ii) 9.15%.
Examples of Term Loan Interest Rate in a sentence
The principal balance of each Term Loan Advance shall bear interest thereon from such Advance Date in an amount equal to the product of the outstanding Term Loan principal balance multiplied by 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.
More Definitions of Term Loan Interest Rate
Term Loan Interest Rate means for any day, a floating rate per annum rate equal to the greater of either (i) twelve and one-quarter of one percent (12.25%), or (ii) the sum of (A) twelve and one-quarter of one percent (12.25%), plus (B) the Prime Rate minus three and one quarter of one percent (3.25%) (which interest rate shall be reduced to greater of either (i) eleven and one-quarter of one percent (11.25%), or (ii) the sum of (A) eleven and one-quarter of one percent (11.25%), plus (B) the Prime Rate minus three and one quarter of one percent (3.25%) upon the occurrence of the Milestone Event). The Term Loan Interest Rate will change from time to time on the day the Prime Rate changes.
Term Loan Interest Rate means a per annum rate equal to (a) the sum of (i) the greater of (A) LIBO Rate and (B) one percent (1%) plus eight percent (8%), or (b) if the LIBO Rate is not available at such time for any reason, the Alternative Term Loan Interest Rate.”
Term Loan Interest Rate means for any day, a floating per annum rate equal to the greater of either (a) nine and one-quarter of one percent (9.25%), or (b) the sum of (i) nine and one-quarter of one percent (9.25%), plus (ii) the Prime Rate minus three and one-half of one percent (3.50%).
Term Loan Interest Rate means for any day with respect to a Term Loan a floating rate per annum equal to (A) the sum of (1) the prime rate as reported in the Wall Street Journal from time to time, and if not reported on any day, then the prime rate next reported in the Wall Street Journal, and (2) ●%. The Term Loan Interest Rate will float and change on the day the Prime Rate changes from time to time.
Term Loan Interest Rate is defined in Section 3.4(a).
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.”