Term Applicable Margin definition

Term Applicable Margin means, (a) with respect to Term Loans which are LIBO Loans. 7.50% per annum, and (b) with respect to Term Loans which are Prime Rate Loans, 6.50% per annum.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Term Applicable Margin means, with respect to LIBO Rate Loans, a rate of 2.75% per annum, and, with respect to Base Rate Loans, a rate of 1.75% per annum.

Term Applicable Margin means the following interest rate percentages based upon the Funded Debt Ratio provided for in Section 6.2 (iv) then in effect: Funded Debt Ratio Applicable Margin for LIBOR, Applicable Margin for Fixed Rate or Fed Funds: Reference Rate: Less than 2 to 1 1.75% .25% Between 2.49 and 2 to 1 2.25% .375% Between 2.99 and 2.50 to 1 2.75% .50% 3.00 to 1 or greater 3.25% .75%

Examples of Term Applicable Margin in a sentence

A variable rate per annum ---------------------- equivalent to the Reference Rate plus the Term Applicable Margin (the "Variable Rate").
Such interest rate shall be a percentage equal to the Term Applicable Margin plus the rate which the Bank determines in its sole and absolute discretion to be equal to the Bank's cost of acquiring funds (adjusted for any and all assessments, surcharges and reserve requirements pertaining to the borrowing or purchase by the Bank of such funds) in an amount approximately equal to the amount of the Term Loan and for a period of time approximately equal to the relevant Interest Period (the "Fixed Rate").
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.
Changes in the Extended Term Applicable Margin resulting from changes in the Consolidated Leverage Ratio shall become effective on each Adjustment Date and shall remain in effect until the next change to be effected pursuant to this paragraph.

More Definitions of Term Applicable Margin

Term Applicable Margin shall have the meaning given to that term in the Fee Letter,

Term Applicable Margin means with respect to the Term Advances 2.25% per annum for Eurodollar Rate Advances and 1.25 of 1% per annum for Base Rate Advances.

Term Applicable Margin means six and one-quarter percent (6.25%) per annum.

Term Applicable Margin. : shall mean the following interest rate percentages based upon the Funded Debt Ratio provided for in Section 6.2 (iv) then in effect:

Term Applicable Margin means a percentage per annum equal to 12.5% per annum.