Definition of Term Loan B Rate

  1. Term Loan B Rate means an interest rate per annum equal to: (i) the sum of the Alternate Base Rate plus one (1.0) percentage point, with respect to Domestic Rate Loans, and (ii) the sum of the Eurodollar Rate plus three and one-half (3.50) percentage points, with respect to Eurodollar Rate Loans."

Examples of Term Loan B Rate in a sentence

  1. 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).

Definition of Term Loan B Rate in Amendment Agreement

Term Loan B Rate means an interest rate per annum equal to: (i) the sum of the Alternate Base Rate plus one (1.0) percentage point, with respect to Domestic Rate Loans, and (ii) the sum of the Eurodollar Rate plus three and one-half (3.50) percentage points, with respect to Eurodollar Rate Loans."