Examples of Applicable Index Rate in a sentence
All Overadvances shall constitute Index Rate Loans and at the written request of Agent or the Requisite Lenders shall bear interest at the Index Rate plus the Revolving Loan Applicable Index Rate Margin and shall bear interest at the Default Rate only if not repaid within three (3) Business Days.
Each Borrowing in an Alternative Currency shall bear interest for each Interest Period applicable thereto at the Applicable Index Rate computed for such Interest Period plus the Applicable Margin.
For instance, the strong robustness of the CES regime here described suggests that it is an intrinsic state of the background flow.
The outstanding Advances under the Line of Credit shall bear interest at the Applicable Index Rate PLUS the Applicable Margin (the "APPLICABLE RATE").
Subject to the terms of subsection (d) below, if the Applicable Index Rate is the LIBOR Rate, such rate shall remain unchanged during each month after its determination.