Definition of Term Applicable Margin


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

Examples of Term Applicable Margin in a sentence

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.
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.