Applicable Maximum Rate definition
Applicable Maximum Rate means, as of any day, a percentage per annum determined by reference to the Public Debt Rating in effect on such date as set forth below:
Applicable Maximum Rate means, as of any day, a percentage per annum determined by reference to the Public Debt Rating in effect on such date as set forth below: Level 1 At least AA-/Aa3 0.750% 0.750% L▇▇▇▇ ▇ Less than Level 1 but at least A+/A1 0.875% 0.875% L▇▇▇▇ ▇ Less than Level 2 but at least A/A2 1.000% 1.000% L▇▇▇▇ ▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇ 1.125% 1.375%
Applicable Maximum Rate means, as of any day, a percentage per annum determined by reference to the Public Debt Rating in effect on such date as set forth below: Public Debt Rating S&P/M▇▇▇▇’▇ Applicable Maximum Rate Before Term Loan Extension Option Applicable Maximum Rate After Term Loan Extension Option Level 1 At least AA-/Aa3 0.750% 0.750% L▇▇▇▇ ▇ Less than Level 1 but at least A+/A1 0.875% 0.875% L▇▇▇▇ ▇ Less than Level 2 but at least A/A2 1.000% 1.000% L▇▇▇▇ ▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇ 1.125% 1.375%
Examples of Applicable Maximum Rate in a sentence
Time Event ---- ----- By 9:30 A.M. Auction Agent advises the Company an Broker-Dealers of the Reference Rate and the Applicable Maximum Rate as set forth in Section 3.2(a) hereof.
More Definitions of Applicable Maximum Rate
Applicable Maximum Rate means an interest rate of 11% per annum in the case of Eurodollar Rate Loans and an interest rate of 10% per annum in the case of Base Rate Loans.