Revolving Loan Interest Rate definition

Revolving Loan Interest Rate means a floating rate of interest equal to the LIBOR Rate.

Revolving Loan Interest Rate means:

Revolving Loan Interest Rate means a per annum rate of interest equal to 8%.

Examples of Revolving Loan Interest Rate in a sentence

• Changes in the Revolving Loan Interest Rate shall be effective from the date of the changes and shall be applied to amounts outstanding on the Revolving Loan.

• Such adjustment in the Revolving Loan Interest Rate will occur without prior notice to Borrower.

• All such amounts paid by the Letter of Credit Issuer and remaining unpaid by the Borrowers shall bear interest, payable on demand, for each day until paid at a rate per annum equal to (x) the Revolving Loan Interest Rate for such day if such day falls on or before the applicable Letter of Credit Payment Date and (y) the sum of 2.00% per annum plus the Revolving Loan Interest Rate for such day if such day falls after such Letter of Credit Payment Date.

• Borrower shall pay interest on the principal amount of the Term Loan 2 Note at either the Revolving Loan Interest Rate or the Term Loan 1 Interest Rate.

• If Bank elects to implement a Modified Revolving Loan Interest Rate, such Modified Revolving Loan Interest Rate will take effect from and after the giving of notice to Borrower of its implementation and shall be applied to amounts outstanding on the Revolving Loan.

More Definitions of Revolving Loan Interest Rate

Revolving Loan Interest Rate shall be equal to that certain annual rate resulting by adding 100 basis points to the LIBOR Rate for a (3) month period.

Revolving Loan Interest Rate has the meaning given in Section 2.3(a)(i) of the Financing Agreement.

Revolving Loan Interest Rate as set forth in Section 1.181 of the Loan Agreement are hereby amended and restated in their entirety to read as follows:

Revolving Loan Interest Rate means a rate of two and three-quarters of one percent (2.75%) per annum in excess of the Prime Rate.”

Revolving Loan Interest Rate means for any day, the rate per annum set forth below opposite the applicable Level then in effect (based on the Senior Funded Indebtedness to EBITDA Ratio): Level Senior Funded Indebtedness to EBITDA Ratio Revolving Loan Interest Rate I < 1.00 to 1.00 Prime Rate minus 1.60% II ≥ 1.00 to 1.00 and < 1.50 to 1.0 Prime Rate minus 1.35% III ≥ 1.50 to 1.00 and < 2.00 to 1.0 Prime Rate minus 1.10% Any increase or decrease in the Revolving Loan Interest Rate resulting from a change in the Senior Funded Indebtedness to EBITDA Ratio shall become effective as of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 6.1(c); provided, however, that if a Compliance Certificate is not delivered when due in accordance with such Section, then, upon the request of the Required Lenders, the rate set forth in Level IV shall apply, in each case as of the first Business Day after the date on which such Compliance Certificate was required to have been delivered and in each case shall remain in effect until the first Business Day following the date on which such Compliance Certificate is delivered. In addition, at all times while the Default Rate is in effect the rate set forth in Level IV shall apply. If, as a result of any restatement of or other adjustment to the financial statements of Holdings or any Subsidiary or for any other reason, the Borrowers, or the Lenders determine that (i) the Senior Funded Indebtedness to EBITDA Ratio as calculated by the Borrowers as of any applicable date was inaccurate and (ii) a proper calculation of the Senior Funded Indebtedness to EBITDA Ratio would have resulted in higher pricing for such period, the Borrowers shall immediately and retroactively be obligated to pay to the Administrative Agent for the account of the applicable Lenders promptly on demand by the Administrative Agent (or, after the occurrence of an actual or deemed entry of an order for relief with respect to any Borrower under the Bankruptcy Code of the United States, automatically and without further action by the Administrative Agent, any Lender or the Letter of Credit Issuer), an amount equal to the excess of the amount of interest that should have been paid for such period over the amount of interest and fees actually paid for such period. This paragraph shall not limit the rights of the Administrative Agent, the Letter of Credit Issuer or any Lender under any provision of this Agreement to payment of interest on...

Revolving Loan Interest Rate means, on any date and relative to all Revolving Loans, the fixed rate of interest per annum equal to four percent (4.00%).

Revolving Loan Interest Rate has the meaning assigned to that term in subsection 2.2(A).