Term Loan A Rate definition

Term Loan A Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus one and one quarter percent (1.25%) with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus three and one half percent (3.50%) with respect to Eurodollar Rate Loans.
Sample 1
Term Loan A Rate. Term Loan B", "Term Loan B Rate", "Term Loans", "Term Note A", "Term Note B" and "Term Notes" appearing in Section 1.2 of the Loan Agreement are hereby deleted and the following new defined terms shall be inserted in their appropriate alphabetical order:
Sample 1
Term Loan A Rate shall have the meaning assigned to it in Section 1.5(a).
Sample 1

Examples of Term Loan A Rate in a sentence

  • She was unable to explain why she had said in her earlier statement that she had conducted those observations when she had not.

  • All loans and advances made under Term Loan Facility "A" shall be added to and deemed a part of the Obligations and shall bear interest, on the Daily Balance owing in connection with such note, at a per annum rate equal to the Applicable Term Loan "A" 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 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").

  • Bank shall compute the Applicable Term Loan "A" Rate from information supplied in the Wall Street Journal or another reliable publication or reporting service selected by Bank.

  • Specifically, KRS 278.274(3)(b) and (c) provides that when a utility is purchasing natural gas from an affiliate, the Commission is required to ensure that the rates charged to the utility, and ultimately to consumers, are fair, just, and reasonable, and the Commission may reduce the purchased gas component of the utility’s rates by the amount deemed unjust and unreasonable.

  • 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").

  • From and after the Maturity Date, amounts outstanding and unpaid this Note shall bear interest at five (5) percentage points more than the Applicable Term Loan "A" Rate that would have been applicable hereunder had the Maturity Date not occurred.

  • Initial Here Subject to Borrower's right to convert the Applicable Term Loan "A" Rate as elsewhere provided in this Note and except as hereinbelow provided, all amounts from time to time outstanding and unpaid under this Note shall bear interest, on the Daily Balance owing, at the Term Offshore Rate (as defined in the Loan Agreement).

  • Borrower's conversion rights under this Section 2(2) shall be exclusive, and Borrower shall not have any right to convert the Applicable Term Loan "A" Rate from either a Prime Rate-Based loan under Section 2(1)(a) above, a Term Fixed Rate-Based loan utilizing annual adjustments under Section 2(1)(b) above, or a Term Offshore Rate-Based loan under Section 2(1)(c), except as provided in this Section 2(2).


More Definitions of Term Loan A Rate

Term Loan A Rate means, for any day, a rate per annum equal to the Prime Rate in effect on such day plus two percent (2%).
Sample 1

Related to Term Loan A Rate

  • 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.

  • Term Loan A Note means a promissory note made by the Borrower in favor of a Term Loan A Lender evidencing the portion of the Term Loan A made by such Term Loan A Lender, substantially in the form of Exhibit C-1.

  • Term Loan A has the meaning set forth in Section 2.2(a).

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Term Loan as defined in Section 2.1.

  • Term Loan B has the meaning set forth in Section 2.2(b).

  • Term Loan A Commitment means, with respect to each Lender, its Term Loan A Commitment, and, with respect to all Lenders, their Term Loan A Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Term A Loan is defined in Section 2.2(a)(i) hereof.

  • Term Loan Interest Rate means for any day a per annum rate of interest equal to the greater of (i) (a) the prime rate as reported in The Wall Street Journal, plus (b) 5.90%, and (ii) 9.15%.

  • Term Loans means the term loans made by the Term Lenders to the Borrower pursuant to Section 2.01(b).

  • Term Loan Lender means a Lender with a Term Loan Commitment or an outstanding Term Loan.

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

  • Incremental Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Term A Loans has the meaning specified in Section 2.01(b).

  • Incremental Revolving Loan has the meaning set forth in Section 2.14(b).

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Term Loan Percentage means, with respect to any Term Loan Lender at any time, the percentage of the total outstanding principal balance of the Term Loans represented by the outstanding principal balance of such Term Loan Lender’s Term Loans.

  • Term Loan A Maturity Date means the earliest of (a) May 24, 2012, or (b) such earlier date upon which the Outstanding Amounts under the Term Loan Facility, including all accrued and unpaid interest, are required to be paid in full in accordance with the terms hereof.

  • Incremental Term Loan Note means a promissory note made by the Borrower in favor of an Incremental Term Lender evidencing the Incremental Term Loans made by such Incremental Term Lender, and any amendments, supplements and modifications thereto, any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Term Loan Commitment Percentage means, for any Lender, the percentage identified as its Term Loan Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6.