Examples of Applicable Margin for Alternate Base Rate in a sentence
Except as otherwise provided in §4.9, each Alternate Base Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the last day of the Interest Period with respect thereto (unless earlier paid in accordance with §2.9) at a rate equal to the Alternate Base Rate plus the Applicable Margin for Alternate Base Rate Loans, if any.
Except as otherwise provided in §4.9, each Swing Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made and ending on the last day of the Interest Period with respect thereto (unless earlier paid in accordance with §2.9) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin for Alternate Base Rate Loans, if any.
If and to the extent that any such reimbursement shall not have been made to the Agent, the Borrower agrees to repay to the Agent forthwith on demand a corresponding amount with interest thereon for each day from the date such amount is made available to the Borrower until the date such amount is repaid to the Agent at the Alternate Base Rate plus the Applicable Margin for Alternate Base Rate Loans.
Subject to the provisions of Section 2.8, Swingline Loans shall bear interest at a per annum rate equal to the Alternate Base Rate plus the Applicable Margin for Alternate Base Rate Loans.
Except as otherwise provided in ss.4.9, each Alternate Base Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the last day of the Interest Period with respect thereto (unless earlier paid in accordance with ss.2.9) at a rate equal to the Alternate Base Rate plus the Applicable Margin for Alternate Base Rate Loans, if any.
The applicable debt ratings and the Applicable Margins are set forth in the following table: S&P Rating Xxxxx’x Rating Applicable Margin for Revolving Credit LIBOR Rate Loans Applicable Margin for Alternate Base Rate Loans No rating or less than BBB- No rating or less than Baa3 1.70 % 0.70 % BBB- Baa3 1.30 % 0.30 % BBB Baa2 1.10 % 0.10 % BBB+ Baa1 1.00 % 0 % A- or higher A3 or higher 0.925 % 0 % Arrangers.
Each Alternate Base Rate Loan shall bear interest at a fluctuating rate per annum equal to the Alternate Base Rate plus the Applicable Margin for Alternate Base Rate Loans.
Payor promises also to pay interest on the unpaid principal amount of all such loans and advances in like money at said location from the date of such loans and advances until paid at a rate per annum (determined based upon a 360 day year and actual days elapsed) equal to the aggregate of the then applicable rate under the Credit Agreement (as defined herein) (including the Applicable Margin) for Alternate Base Rate Loans.
Except as otherwise provided in Section 4.9, each Alternate Base Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the last day of the Interest Period with respect thereto (unless earlier paid in accordance with Section 2.9) at a rate equal to the Alternate Base Rate PLUS the Applicable Margin for Alternate Base Rate Loans, if any.
If at the time the Bank makes a Revolving Loan pursuant to this Section, the applicable conditions precedent specified in Article III have not been satisfied, the Borrower shall pay to the Bank interest on the funds so advanced at a floating rate per annum equal to the sum of (a) the Applicable Margin for Alternate Base Rate Loans plus (b) the Alternate Base Rate plus (c) 5.0% per annum.