LIBOR Rate Adjustment Date With respect to each Distribution Date, the second LIBOR Business Day immediately preceding the commencement of the related Interest Accrual Period.
Interest Rate Adjustment Date With respect to each Adjustable Rate Mortgage Loan, the date, specified in the related Mortgage Note and the related Mortgage Loan Schedule, on which the Mortgage Interest Rate is adjusted.
Base Rate Revolving Loan means a Revolving Loan that is a Base Rate Loan.
Incremental Term Loan Borrowing Date means, with respect to each Incremental Term Loan, each date on which Incremental Term Loans are incurred pursuant to Section 2.01(b), which date shall be the date of the effectiveness of the respective Incremental Term Loan Commitment Agreement pursuant to which such Incremental Term Loans are to be made.
Term Loan Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.
Rate Adjustment Date With respect to each ARM Loan, the date on which the Note Rate adjusts.
Incremental Revolving Loan has the meaning set forth in Section 2.14(b).
Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).
Incremental Term Loan Maturity Date means the final maturity date of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.
Existing Revolving Loans has the meaning specified in Section 2.7(a).
LIBOR Applicable Margin means, as of any date with respect to any LIBOR Interest Period, the Applicable Margin in effect for such LIBOR Interest Period as determined in accordance with Section 2.4 hereof.
Applicable Commitment Fee Rate means:
Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).
Tranche B Term Loan Maturity Date means April 9, 2020 (or if such date is not a Business Day, the immediately preceding Business Day) or such earlier date as may result from the operation of Section 2.08(b), if applicable.
New Term Loan Maturity Date means the date on which a New Term Loan matures.
ABR Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Article II.
Incremental Revolving Loan Lender shall have the meaning provided in Section 2.14(b).
Applicable Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin II 10.0 V 17.5
Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.
Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.
Applicable Unused Commitment Fee Rate means 0.50% per annum.
Applicable Margins means collectively the Applicable Revolver Index Margin, the Applicable Term Loan Index Margin, the Applicable Revolver LIBOR Margin and the Applicable Term Loan LIBOR Margin.
Reference Rate Advance means an Advance which bears interest as provided in Section 2.09(a).
Revolving Loan Maturity Date means March 31, 2003.
Specified Existing Revolving Credit Commitment shall have the meaning provided in Section 2.14(g)(ii).
Maximum Revolving Advance Amount means $25,000,000.