Definition of Revolving Facility Applicable Margin


Revolving Facility Applicable Margin means, for any day, (a) with respect to any outstanding Revolving Loan, 9.0% per annum or (b) with respect to the Revolving Commitment Fees payable hereunder, 0.75% per annum.
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Examples of Revolving Facility Applicable Margin in a sentence

Subject to the provisions of Section 2.06(b), (i) the Term Loans shall bear interest at a rate per annum equal to the Term Applicable Margin and (ii) the Revolving Loans shall bear interest at a rate per annum equal to the Revolving Facility Applicable Margin.