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 Loan Interest Rate means for any day, a floating per annum rate equal to the greater of either (i) eight percent (8%), or (ii) the sum of (A) eight percent (8%), plus (B) the Prime Rate minus five and one quarter of one percent (5.25%). The Term Loan Interest Rate will change from time to time on the day the Prime Rate changes.
Term Loan Interest Rate means for any day a per annum rate of interest equal to twelve per cent (12.0%).
Examples of Term Loan Interest Rate in a sentence
The principal balance of each Term Loan Advance shall bear interest thereon from such Advance Date at the Term Loan Interest Rate based on a year consisting of 360 days, with interest computed daily based on the actual number of days elapsed.
The Term Loan Interest Rate for each Term Loan Advance will be fixed on the date of that Term Loan Advance, and will apply to that Term Loan Advance for so long as it is outstanding, including during the period of amortization.
More Definitions of Term Loan Interest Rate
Term Loan Interest Rate means for any day a per annum rate of interest equal to the greater of either (i) 9.25% plus the prime rate as reported in The Wall Street Journal minus 3.50% and (ii) 9.25%.
Term Loan Interest Rate means a per annum rate equal to, at the option of the Borrowers in accordance with the terms hereof, (i) the sum of (x) the greater of 1.00% or (y) the LIBO RateTerm SOFR for the applicable Interest Period, plus (b) 5.75%, or (ii) the sum of (a) the Base Rate, plus (b) 4.75%.
Term Loan Interest Rate means, (a) at all times prior to the Fifth Amendment Effective Date, 12.00% per annum, and (b) at all times on and after the Fifth Amendment Effective Date, 9.50% per annum.”
Term Loan Interest Rate shall have the meaning set forth in Section 4.
Term Loan Interest Rate means for any day a per annum rate of interest equal to the greater of either (i) the prime rate as reported in The Wall Street Journal plus 6.80%, and (ii) 11.55%.
Term Loan Interest Rate means for any day with respect to a Term Loan a floating rate per annum equal to (A) the sum of (1) the prime rate as reported in the Wall Street Journal from time to time, and if not reported on any day, then the prime rate next reported in the Wall Street Journal, and (2) ●%. The Term Loan Interest Rate will float and change on the day the Prime Rate changes from time to time.