Term Loan Rate definition

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 Rate means (a) with respect to Term Loans that are Domestic Rate Loans, an interest rate per annum equal to the sum of the Applicable Margin plus the Alternate Base Rate and (b) with respect to Term Loans that are Term SOFR Rate Loans, the sum of the Applicable Margin plus the Term SOFR Rate.

Term Loan Rate is defined in Section 2.3(a)(i).

Examples of Term Loan Rate in a sentence

• This Agreement, the Notes (if issued), any Requests for Revolving Credit Advance, Requests for Swing Line Advance and Term Loan Rate Requests, and the Loan Documents contain the entire agreement of the parties hereto, superseding all prior agreements, discussions and understandings relating to the subject matter hereof, and none of the parties shall be bound by anything not expressed in writing.

• 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 and (ii) with respect to the Term Loan, the applicable Term Loan Rate (as applicable, the “Contract Rate”).

• For the avoidance of doubt, for any days that occur during any Interest Period that occur prior to the Sixth Amendment Effective Date, the Term Loan Rate shall be deemed to be equal to the Applicable Margin only.

• This Agreement, the Notes (if issued), any Requests for Revolving Credit Advance, Term Loan Rate Requests and Requests for Swing Line Advance hereunder, and the Loan Documents contain the entire agreement of the parties hereto, superseding all prior agreements, discussions and understandings relating to the subject matter hereof, and none of the parties shall be bound by anything not expressed in writing.

• Denver Water shall pay interest on each Loan at the applicable interest rate set forth hereafter plus, in the case of the Advance Rate and the Revolving Term Loan Rate, the Applicable Margin set forth in the following table.

More Definitions of Term Loan Rate

Term Loan Rate means an interest rate per annum equal to the sum of the Alternate Base Rate plus three- eighths (.375%) of one percent.

Term Loan Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus one half of one percent (.50%) with respect to the Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus two and one quarter of one percent (2.25%) with respect to Eurodollar Rate Loans.

Term Loan Rate means an interest rate per annum equal to (a) the sum of the Index plus one half of one percent (0.50%) with respect to Domestic Rate Loans, and (b) the sum of LIBOR plus three and one quarter of one (3.25%) percent with respect to LIBOR Loans.

Term Loan Rate shall have the meaning assigned to it in Section 1.5(a).

Term Loan Rate has the meaning specified in the form attached hereto as Exhibit B.

Term Loan Rate means the sum of the Base Rate from time to time in effect plus one and one half percent (1.50%).

Term Loan Rate means a per annum rate equal to the Prime Rate plus 2.00 percentage points plus an additional 5.00 percentage points during any period that an Event of Default has occurred and is continuing.