Term Loan Rate definition
Term Loan 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.
Term Loan Rate means (a) with respect to Term Loans that are Domestic Rate Loans, an interest rate per annum equal to the sum of the Applicable Margin plus the Alternate Base Rate and (b) with respect to Term Loans that are Term SOFR Rate Loans, the sum of the Applicable Margin plus the Term SOFR Rate.
Term Loan Rate is defined in Section 2.3(a)(i).
Examples of Term Loan Rate in a sentence
Interest charges shall be computed on the actual principal amount of Advances outstanding during the month at a rate per annum equal to (i) with respect to Revolving Advances, the applicable Revolving Interest Rate, (ii) with respect to the Term Loan, the applicable Term Loan Rate, and (iii) with respect to Swing Loans, the Revolving Interest Rate for Domestic Rate Loans (as applicable, the "Contract Rate").
More Definitions of Term Loan Rate
Term Loan Rate means an interest rate per annum equal to (a) the sum of (i) the greater of (1) the Alternate Base Rate, or (2) 4.75%, (the "Prime Floor") plus (ii) six percent (6.00%) with respect to Domestic Rate Loans, and (b) the sum of (i) the greater of (1) the Eurodollar Rate, or (2) 2.25% (the "LIBOR Floor"), plus (ii) eight and one-half of one percent (8.50%) with respect to Eurodollar Rate Loans.
Term Loan Rate means an interest rate per annum equal to (i) the Alternate Base Rate plus (ii) three-quarters of one percent (.75%).
Term Loan Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus one half of one percent (.50%) with respect to the Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus two and one quarter of one percent (2.25%) with respect to Eurodollar Rate Loans.
Term Loan Rate means the Default Rate; provided, further, that at no time shall the Term Loan Rate be less than the rate per annum borne by any Outstanding Note (other than the Revolving Note) on any date.
Term Loan Rate means a per annum rate equal to the Prime Rate plus 2.00 percentage points plus an additional 5.00 percentage points during any period that an Event of Default has occurred and is continuing.
Term Loan Rate means, with respect to a Term Loan, the Bank Rate from time to time in effect plus 2.00%; provided, however, that immediately and automatically upon the occurrence of an Event of Default and during the continuance of such Event of Default, “Term Loan Rate” shall mean the Default Rate; provided, further, that in no event shall the Term Loan Rate be less than the highest rate then borne by any outstanding Commercial Paper Notes.
Term Loan Rate means the sum of the Base Rate from time to time in effect plus one and one half percent (1.50%).