Tranche A Loan Interest Rate definition

Tranche A Loan Interest Rate means for any day a per annum rate of interest equal to the greater of (a) 11.25% or (b) 11.25% plus the Prime Rate, less 3.25%.
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Tranche A Loan Interest Rate for any Interest Period, 1.75% plus the greater of LIBOR for such Interest Period and 2.25% (or, when applicable pursuant to this Agreement or any other Loan Document, the Default Rate).
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Tranche A Loan Interest Rate. Protection Agreement” - 2.6
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Examples of Tranche A Loan Interest Rate in a sentence

  • The Tranche A Loan Interest Rate and the Tranche B Loan Interest Rate will float and change on the day the Prime Rate changes from time to time.

  • From and after the date hereof, interest on the unpaid Tranche A Principal shall accrue at the Tranche A Loan Interest Rate and be payable as hereinafter provided, and interest on the unpaid Tranche B Principal shall accrue at the Tranche B Loan Interest Rate and be payable as hereinafter provided.

  • Except during the continuance of an Event of Default, all proceeds of any repayment, including any prepayments of the Tranche A Loan, shall be applied by Lender as follows in the following order of priority: First, accrued and unpaid interest at the Tranche A Loan Interest Rate; Second, to the Tranche A Principal; and Third, to the Exit Fee and any other amounts then due and owing under the Loan Documents with respect to the Tranche A Loan.

Related to Tranche A Loan Interest Rate

  • 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%.

  • Loan Interest Rate means, as to any Loan, the annual rate of interest specified in the Loan.

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Revolving Interest Rate means, with respect to Revolving Advances, an interest rate per annum equal to (a) the lesser of (i) the sum of the Alternate Base Rate plus the Applicable Revolving Domestic Rate Margin and (ii) the Maximum Rate, with respect to Domestic Rate Loans, and (b) the lesser of (i) the sum of the Eurodollar Rate plus the Applicable Revolving Eurodollar Rate Margin and (ii) the Maximum Rate, with respect to the Eurodollar Rate Loans.

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Class A-1 Interest Rate means [ ]% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360-day year).

  • Maximum Revolving Advance Amount means $25,000,000.

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

  • Trustee Advance Rate With respect to any Advance made by the Trustee pursuant to Section 4.01(b), a per annum rate of interest determined as of the date of such Advance equal to the Prime Rate in effect on such date plus 5.00%.

  • 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.

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Class A Interest Rate has the meaning assigned to such term in the Indenture.

  • PIK Interest Rate means (a) in respect of any Interest Period, the Additional Tax Payer Protection Rate plus (b) in respect of any Interest Period ending on or prior to the first anniversary of the date hereof, the Adjusted LIBO Rate plus the Applicable Rate.

  • Prime Interest Rate means the publicly quoted variable annual basic rate of interest, published from time to time by the bankers of FUNDI as being their prime rate and as certified by the auditors of FUNDI, whose appointment it shall not be necessary to prove. Details of such bankers will be provided to the Applicant when so requested in writing.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Class E Interest Rate means 4.67% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Note Interest Rate means a per annum rate equal to 0.02% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period.

  • Class D Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class B Note Interest Rate means a per annum rate of [ ]% [in excess of LIBOR as determined on the LIBOR Determination Date for the applicable Interest Period].

  • Tranche B Note means a promissory note of the Borrower payable to any Tranche B Lender and its registered assigns, delivered pursuant to a request made under Section 2.16 in substantially the form of Exhibit A-3 hereto, evidencing the aggregate indebtedness of the Borrower to such Lender resulting from the Tranche B Loans made by such Lender to the Borrower.

  • Class A-1 Note Interest Rate means a rate per annum equal to 0.64000%.

  • Class C Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Tranche C Loan has the meaning specified in Section 2.01(c).

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • Class A-3 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).