Definition of Average Applicable Margin


Average Applicable Margin means, for any Interest Period, the sum of the Applicable Margin for each day in such Interest Period divided by the number of days in such Interest Period.
Sample 1

Examples of Average Applicable Margin in a sentence

Except as otherwise set forth herein, each of the Loans shall bear interest on the unpaid principal amount thereof from the date made through repayment (whether by acceleration or otherwise) thereof at the Adjusted Eurodollar Rate for each Interest Period plus the Average Applicable Margin for such Interest Period.
Average Applicable Margin For any Financing Fee Period, the sum of the Applicable Margin for each day in such Financing Fee Period divided by the number of days in such Financing Fee Period.