Definition of Revolving Interest Rate

  1. Revolving Interest Rate means (a) with respect to Revolving Advances that are Domestic Rate Loans and Swing Loans, an interest rate per annum equal to the sum of the Applicable Margin plus the Alternate Base Rate and (b) with respect to LIBOR Rate Loans, the sum of the Applicable Margin plus the LIBOR Rate.

Examples of Revolving Interest Rate in a sentence

  1. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the Revolving Interest Rate for Domestic Rate Loans during such extension.
  2. Revolving Interest Rate shall mean the LIBOR Rate plus four percent (4.0%) per annum.
  3. The Borrowers shall pay interest on Domestic Rate Loans at the Revolving Interest Rate for Domestic Rate Loans and on Eurodollar Rate Loans at the Revolving Interest Rate for Eurodollar Rate Loans.

Definition of Revolving Interest Rate in Revolving Credit and Security Agreement

Revolving Interest Rate means an interest rate per annum equal to (a) the Alternate Base Rate with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus two and one-half of one percent (2.50%) with respect to Eurodollar Rate Loans.


Definition of Revolving Interest Rate in Loan and Security Agreement

Revolving Interest Rate means the LIBOR Rate plus the Applicable Margin.


Definition of Revolving Interest Rate in Revolving Credit Term Loan and Security Agreement

Revolving Interest Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus three quarters of one percent (0.75%) with respect to Domestic Rate Loans and (b) the greater of the sum of the Eurodollar Rate plus two and three quarters of one percent (2.75%) with respect to Eurodollar Rate Loans.