Definition of Term Applicable Margin


Term Applicable Margin means a percentage per annum equal to 12.5% per annum.
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Examples of Term 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.
Applicable Margin: when used in reference to (a) a Revolving Loan, the Revolving Applicable Margin, (b) a Tranche A Term Loan, the Tranche A Term Applicable Margin and (c) any Incremental Term Loan of any Series, the rate per annum specified in the Incremental Facility Agreement establishing the Incremental Term Commitments of such Series.