Definition of Term Loan A Rate


Term Loan A Rate means an interest rate per annum equal to: (i) the Alternate Base Rate, with respect to Domestic Rate Loans, and (ii) the sum of the Eurodollar Rate plus two and one-half (2.50) percentage points, with respect to Eurodollar Rate Loans."
Sample 1

Examples of Term Loan A Rate in a sentence

Interest on the outstanding principal balance under this Note is payable at the Term Loan A Rate or, under the circumstances contemplated by the Agreement, at the Default Rate, in immediately available United States Dollars at the time and in the manner specified in the Agreement.
Interest charges shall be computed on the actual principal amount of Advances outstanding during the month at a rate per annum equal to (i) with respect to Revolving 41 Advances, the applicable Revolving Interest Rate, (ii) with respect to Term Loan A, the applicable Term Loan A Rate and (iii) with respect to Term Loan B, the applicable Term Loan B Rate (as applicable, the "Contract Rate").
Interest charges shall be computed on the actual principal amount of Advances outstanding during the month at a rate per annum equal to (i) with respect to Revolving Advances, the applicable Revolving Interest Rate, (ii) with respect to Swing Loans, the Revolving Interest Rate for Domestic Rate Loans, (iii) with respect to the Term Loan A, the Term Loan A Rate and (iii) with respect to the Term Loan B, the Term Loan B Rate (as applicable, the Contract Rate).
Interest charges shall be computed on the actual principal amount of the Term Loan A outstanding during each interest assessment period described above at the Applicable Term Loan A Rate; provided, however, that after the occurrence of an Event of Default and during the continuation thereof, at the option of Agent or at the direction of the Required Term A Lenders, the Term Loan A shall bear interest, instead, at the Default Rate.
Interest charges shall be computed on the actual principal amount of Advances outstanding during the month at a rate per annum equal to (i) with respect to Revolving Advances, the applicable Revolving Interest Rate, (ii) with respect to the Equipment Loans, the applicable Equipment Loan Rate, (iii) with respect to Term Loan A, the applicable Term Loan A Rate, and (iv) with respect to Term Loan B, the applicable Term Loan B Rate (as applicable, the "Contract Rate").