Alternative Interest Rate Election Event shall have the meaning set forth in Section 2.11(f).
Alternative Interest Rate Election Event has the meaning given to such term in Section 2.06(c).
Alternative Interest Rate Election Event has the meaning set forth in Section 3.03(b).
Examples of Alternative Interest Rate Election Event in a sentence
Notwithstanding the foregoing, this Section 2.16 will not apply to losses, costs or expenses resulting from (i) the revocation by the Borrowers of a Borrowing Request pursuant to Section 2.14(a) or the occurrence of any Alternative Interest Rate Election Event and (ii) Taxes, as to which Section 2.17 shall govern.
Notwithstanding the foregoing, this Section 2.16 will not apply to losses, costs or expenses resulting from (i) the revocation by the Borrower of a Borrowing Request pursuant to Section 1.18 (to the extent applicable) or Section 2.14(a) or the occurrence of any Alternative Interest Rate Election Event and (ii) Taxes, as to which Section 2.17 shall govern.
To the extent that the Administrative Agent is required (pursuant to any Loan Document or otherwise) to provide notice to the Borrower, any Lender or any other party to the Existing Agreement of an Alternative Interest Rate Election Event (or other analogous or similar event) and the adoption and implementation of Term SOFR or the use and administration thereof, this Amendment shall constitute such notice.
More Definitions of Alternative Interest Rate Election Event
Alternative Interest Rate Election Event shall have the meaning assigned to such term in Section 10.24.
Alternative Interest Rate Election Event has the meaning specified therefor in the definition of “LIBOR Rate”.
Alternative Interest Rate Election Event has the meaning set forth in Section 2.1(b)(iv)(E).”
Alternative Interest Rate Election Event has the meaning set forth in Section 3.03(b). “Anti-Terrorism Laws” shall have the meaning assigned to such term in Section 5.17(a). “Applicable Asset Sale Percentage” means, for any Disposition, 100%. “Applicable Discount” has the meaning set forth in Section 2.05(a)(v)(C)(2). “Applicable ECF Percentage” means, for any fiscal year, (a) 50%, if the Consolidated Senior 3
Alternative Interest Rate Election Event shall have the meaning set forth in Section 2.11(f). “Amendment No. 3 Refinancing Term Loans” means the Credit Agreement Refinancing Indebtedness incurred in accordance with, and pursuant to, the Third Amendment. “Anti-Corruption Laws” shall mean any and all applicable laws, rules or regulations relating to corruption or bribery, including, but not limited to, the FCPA. “Anti-Money Laundering Laws” shall mean any and all applicable laws, rules or regulations relating to money laundering or terrorism financing, including, but not limited to, (a) 18 U.S.C. §§ 1956 and 1957; and (b) the Bank Secrecy Act, 31 U.S.C. §§ 5311 et seq., as amended by the Patriot Act, and its implementing regulations. “Applicable Discount Price” shall have the meaning set forth in the definition of “Dutch Auction.” “Applicable Margin” shall mean, at any date, (1) with respect to each Initial Term Loan that is a Base Rate Loan, (i) prior to the Second Amendment Effective Date, 2.00% per annum, (ii) on and after the Second Amendment Effective Date but prior to the Third Amendment Effective Date (in each case, including with respect to each 2019-B Term Loans), 2.75% per annum and (iii) on and after the Third Amendment Effective Date (including with respect to Amendment No. 3 Refinancing Term Loans), 2.25% per annum and (2) with respect to each Initial Term Loan that is a LIBORSOFR Loan, (i) prior to the Second Amendment Effective Date, 3.00% per annum, (ii) on and after the Second Amendment Effective Date but prior to the Third Amendment Effective Date (in each case, including with respect to each 2019-B Term Loans), 3.75% per annum and (iii) on and after the Third Amendment Effective Date (including with respect to each Amendment No. 3 Refinancing Term Loans), 3.25% per annum; provided that, for so long as Borrower maintains public corporate credit and corporate family ratings of (x) B1 (stable outlook) from Xxxxx’x or higher and (y) B+ (stable outlook) from S&P or higher, the percentages set forth in clauses (1)(iii) and (2)(iii) will be reduced by 0.25%. Any increase or decrease in the Applicable Margin resulting from a change in the public corporate credit and corporate family ratings shall become effective as of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 7.02(b). “Applicable Other Indebtedness” shall have the meaning set forth in Section 4.02(e). #4848-1207-1386 4
Alternative Interest Rate Election Event shall have the meaning specified in Section 3.03(b). “Anti-Corruption Laws” shall have the meaning specified in Section 6.21. “Anti-Money Laundering Laws” shall have the meaning specified in Section 8.18. “Applicable Margin” means with respect to (a) Term Loans that are LIBOR Loans, a rate per annum of 7.5% and (b) Term Loans that are Base Rate Loans, a rate per annum of 6.5%. “Applicable Percentage” means in respect of any Term Loan Facility, with respect to any Term Lender at any time, the percentage (carried out to the ninth decimal place) of such Term Loan Facility represented by (i) on or prior to the Effective Date, such Term Lender’s Term Loan Commitment in respect of such Term Loan Facility at such time and (ii) thereafter, the Outstanding Amount of such Term Lender’s Term Loans in respect of such Term Loan Facility at such time. The initial Applicable Percentage of each Lender with respect to each Facility is set forth opposite the name of such Lender on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable. “Appropriate Lender” means, at any time, with respect to any Facility, a Lender that has a Commitment with respect to such Facility or holds a Loan under such Facility at such time. 3
Alternative Interest Rate Election Event has the meaning set forth in Section 3.03(b). “Anti-Terrorism Laws” shall have the meaning assigned to such term in Section 5.17(a). “Applicable Asset Sale Percentage” means, for any Disposition, 100%. “Applicable Discount” has the meaning set forth in Section 2.05(a)(v)(C)(2). “Applicable ECF Percentage” means, for any fiscal year, (a) 50%, if the Consolidated Senior Secured Net Leverage Ratio (determined on a Pro Forma Basis in accordance with Section 1.11) as of the last day of such fiscal year is greater than 4.00 to 1.00, (b) 25%, if the Consolidated Senior Secured Net Leverage Ratio (determined on a Pro Forma Basis in accordance with Section 1.11) as of the last day of such fiscal year is less than or equal to 4.00 to 1.00 and greater than 3.50 to 1.00, and (c) 0%, if the Consolidated Senior Secured Net Leverage Ratio (determined on a Pro Forma Basis in accordance with