APA Rate definition
APA Rate means, for each Interest Period, an interest rate per annum equal to the sum of (i) (A) in respect of any Interest Period during which the Applicable Rate is determined by reference to the LIBO Rate, the LIBO Rate in effect for such Interest Period or (B) in respect of any Interest Period during which the Applicable Rate is determined by reference to the Base Rate, the Base Rate in effect from time to time during such Interest Period; plus (ii) the Applicable Margin; plus (iii) the Securitization Percentage Interest Margin.