Revolving Loan Rate definition

Revolving Loan Rate means a rate per annum equal to the LIBOR Rate plus 4.0%.
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Revolving Loan Rate set forth in Section 1.1 of the Credit Agreement is deleted in its entirety and the following definition is substituted therefor:
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Revolving Loan Rate has the meaning set forth in the Contract Data Sheet for Dollars and US Dollars, respectively;
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Examples of Revolving Loan Rate in a sentence

  • Notwithstanding anything to the contrary contained in Article 2 of this Agreement, the Credit shall bear interest, from and after any Event of Default and without constituting a waiver of any such Event of Default, on the Daily Balance of loans and advances under this Article 2, at a per annum rate two (2) percentage points above the Applicable Revolving Loan Rate.

  • The term "Applicable Revolving Loan Rate" shall be either (i) the Prime Rate or (ii) the Revolving Offshore Rate, as designated by Borrower or otherwise applicable to such loan or advance under Article 2 of this Agreement.

  • LIBOR Based Revolving Loan Rate - The Adjusted LIBOR Rate plus 150 basis points.

  • Such Revolving Loan Rate Adjustment Payment shall be accompanied by payment of all amounts due pursuant to Section 5.5 hereof as a result of such Revolving Loan Rate Adjustment Payment.

  • Overlines and Overadvances shall bear interest at the Revolving Loan Rate or Default Rate, as applicable.


More Definitions of Revolving Loan Rate

Revolving Loan Rate means a rate of interest equal to the lesser of (a) the Prime Rate in effect from time to time plus two percent (2%) per annum and (b) the maximum rate permitted by applicable law. The Revolving Loan Rate shall be automatically increased or decreased, as the case may be, without notice to the Company from time to time as of the effective date of each change in the Prime Rate.
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Revolving Loan Rate means the “Base Rate” payable in respect of “Revolving Loans” under the Credit Agreement from time to time.
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Revolving Loan Rate means either (i) the Revolving Loan Prime Rate with respect to that portion of the Revolving Loan that is not subject to the LIBOR Interest Rate or (ii) the LIBOR Interest Rate, with respect to the portion of the Revolving Loan that is not subject to the Revolving Loan Prime Rate.
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Revolving Loan Rate means for outstanding Other Advance the Base Rate or the LIBOR Rate for such Revolving Loan as chosen by the Borrower in writing prior to the making of such Revolving Loan in accordance with the terms and conditions of this Agreement, including the following basis points (the "Applicable Margin"), based upon the Borrower's reaching and maintaining the following corresponding Fixed Charges Coverage Ratios as determined by the Lender from the Borrower's financial statements delivered in accordance with Section 5.1.1 hereof: ---------------------------------------------------------- ---------------------- ----------------------- Applicable Margin for Applicable Margin for Ratio LIBOR Loans Base Rate Loans ---------------------------------------------------------- ---------------------- ----------------------- If the Borrower's Fixed Charges Coverage Ratio is 125 0 greater than 2.0 to 1.0 ---------------------------------------------------------- ---------------------- ----------------------- If the Borrower's Fixed Charges Coverage Ratio is 150 0 greater than or equal to 1.75 to 1.0, but less than 2.0 to 1.0 ---------------------------------------------------------- ---------------------- ----------------------- If the Borrower's Fixed Charges Coverage Ratio is less 175 25 than 1.75 to 1.0 ---------------------------------------------------------- ---------------------- -----------------------
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Revolving Loan Rate means, for any day, a rate per annum equal to the Prime Rate in effect on such day plus two percent (2%).
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Revolving Loan Rate means for outstanding AutoBorrow Advances the LIBOR Base Rate (as determined daily by the Lender assuming an
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Revolving Loan Rate means the Prime Rate from time to time in effect plus one-quarter of one percent (0.25%) per annum." e. Section 2.1 of the Credit Agreement is deleted in its entirety and the following is substituted in its place and stead:
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