Second Tier Rate definition

Second Tier Rate is defined in Section 2.3(a).
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Second Tier Rate means the per annum rate of interest equal to the Eurodollar Rate plus 2.10% per annum, but in no event shall the Second Tier Rate exceed the Maximum Rate.”
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Examples of Second Tier Rate in a sentence

  • Greater than or equal to 2.50:1.00, and no Event of Default has occurred and is continuing The First Tier Rate Greater than or equal to 2.00:1.00, but less than 2.50:1.00, and no Event of Default has occurred and is continuing The Second Tier Rate Less than 2.00:1.00, or an Event of Default has occurred and is continuing The Regular Rate The rate in effect as of the Second Loan Modification Effective Date is the Second Tier Rate.

  • Greater than or equal to 2.00:1.00, and no Event of Default has occurred and is continuing The First Tier Rate Greater than or equal to 1.50:1.00, but less than 2.00:1.00, and no Event of Default has occurred and is continuing The Second Tier Rate Less than 1.50:1.00, or an Event of Default has occurred and is continuing The Regular Rate The rate in effect as of the First Loan Modification Effective Date is the Second Tier Rate.

  • Greater than or equal to 2.00:1.00, and no Event of Default has occurred and is continuing The First Tier Rate Greater than or equal to 1.50:1.00, but less than 2.00:1.00, and no Event of Default has occurred and is continuing The Second Tier Rate Less than 1.50:1.00, or an Event of Default has occurred and is continuing The Regular Rate The rate in effect as of the Effective Date is the Second Tier Rate.

  • Adjusted Quick Ratio as of the end of a month and Event of Default status Interest Rate Greater than or equal to 2.00:1.00, and no Event of Default has occurred and is continuing The First Tier Rate Greater than or equal to 1.50:1.00, but less than 2.00:1.00, and no Event of Default has occurred and is continuing The Second Tier Rate Less than 1.50:1.00, or an Event of Default has occurred and is continuing The Regular Rate The rate in effect as of the Effective Date is the Second Tier Rate.