Definition of Term Loan Applicable Margin

  1. Term Loan Applicable Margin means, as of any date of determination, a percentage per annum determined by reference to the Credit Rating Level as set forth below:
  2. Term Loan Applicable Margin means (a) during the continuance of a Sale-Leaseback Event, twelve percent (12.00%) and (b) at all other times, ten percent (10.00%).

Examples of Term Loan Applicable Margin in a sentence

  1. (d) Subject to the provisions of Section 2.7, the Term Loan comprising each Eurodollar Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days) at a rate equal to the Eurodollar Rate for the Interest Period in effect for such Borrowing plus the Term Loan Applicable Margin from time to time in effect.

Definition of Term Loan Applicable Margin in Amended and Restated Credit Agreement

Term Loan Applicable Margin means, as of any date of determination, a percentage per annum determined by reference to the Credit Rating Level as set forth below:


Definition of Term Loan Applicable Margin in Credit Agreement

Term Loan Applicable Margin means (a) during the continuance of a Sale-Leaseback Event, twelve percent (12.00%) and (b) at all other times, ten percent (10.00%).