Term Applicable Rate definition

Term Applicable Rate means, with respect to the Term Loans, during each Pricing Period:
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Examples of Term Applicable Rate in a sentence

  • During the Initial Term, "MINIMUM RENT" per Lease Year is equal to Landlord's Investment (as defined below) multiplied by the Initial Term Applicable Rate.

  • The "RENEWAL TERM APPLICABLE RATE" for each Lease Year shall be (I) the Renewal Term Base Rate for the first (1st) Lease Year of each Renewal Term, and (II) the Renewal Term Applicable Rate in effect in the immediately preceding Lease Year plus the CPI Increase, not to exceed 25/100ths of one percent (.25%), for the second (2nd) Lease Year and each other Lease Year of each Renewal Term.

  • The purchase price (the "PURCHASE PRICE") shall be equal to the product of (x) the amount of Landlord's Investment on the Closing Date multiplied by (y) the Initial Term Applicable Rate to be in effect for the eleventh (11th) Lease Year, divided by (z) nine percent (.

  • During the Initial Term, "Minimum Rent" per Lease Year is equal to Landlord's Investment (as defined below) multiplied by the Initial Term Applicable Rate.

  • The Term Loans shall bear interest on the outstanding principal amount thereof as provided in Section of 2.10 of Credit Agreement, including without limitation those provisions relating to the Default Rate, provided that the term “Applicable Rate” contained therein shall refer to the Term Applicable Rate.

  • The "Renewal Term Applicable Rate" for each Lease Year shall be (i) the Renewal Term Base Rate for the first (1st) Lease Year of each Renewal Term, and (ii) the Renewal Term Applicable Rate in effect in the immediately preceding Lease Year plus the CPI Increase, not to exceed 25/100ths of one percent (.25%), for the second (2nd) Lease Year and each other Lease Year of each Renewal Term.

  • The purchase price (the "Purchase Price") shall be equal to the product of (x) the amount of Landlord's Investment on the Closing Date multiplied by (y) the Initial Term Applicable Rate to be in effect for the eleventh (11th) Lease Year, divided by (z) nine percent (.

  • If there is any change in the Applicable Rate and/or the Extended Term Applicable Rate, as the case may be, during any month or quarter, as applicable, the daily amount available to be drawn under each Letter of Credit shall be computed and multiplied by the Applicable Rate or the Extended Term Applicable Rate, as applicable, separately for each period during such month or quarter, as applicable), that such Applicable Rate or such Extended Term Applicable Rate, as applicable, was in effect.