Term Loan Interest Rate definition

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 for any day, a floating per annum rate equal to the greater of (a) nine and sixty-five hundredths percent (9.65%) or (b) the sum of (i) nine and sixty-five hundredths percent (9.65%), plus (ii) the Prime Rate minus three and one-quarter percent (3.25%); provided, however, that in no event shall the Term Loan Interest Rate exceed 15.0% (provided such limit does not include any Default Rate which may be imposed by Agent).

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%.

Examples of Term Loan Interest Rate in a sentence

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

• The Term Loan Interest Rate will float and change on the day the prime rate changes from time to time.

• If the City does not pay all outstanding principal and interest components due with respect to this Contract on or before the third anniversary of Closing, the amount due to the Lender on such date shall be deemed to amortize on an annual basis over a five-year period from the third anniversary of the Closing until the fifth anniversary of the Closing and shall bear interest at a per annum rate equal to the Term Loan Interest Rate.

• LIBOR shall adjust monthly in accordance with the definition thereof and the Term Loan Interest Rate shall adjust automatically concurrent with any change in LIBOR.

• 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.

More Definitions of Term Loan Interest Rate

Term Loan Interest Rate means for any day, a floating rate per annum rate equal to the greater of either (i) twelve and one-quarter of one percent (12.25%), or (ii) the sum of (A) twelve and one-quarter of one percent (12.25%), plus (B) the Prime Rate minus three and one quarter of one percent (3.25%) (which interest rate shall be reduced to greater of either (i) eleven and one-quarter of one percent (11.25%), or (ii) the sum of (A) eleven and one-quarter of one percent (11.25%), plus (B) the Prime Rate minus three and one quarter of one percent (3.25%) upon the occurrence of the Milestone Event). 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 7.00%.

Term Loan Interest Rate means, during each Interest Period applicable thereto, the interest rate per annum equal to the sum of (a) the LIBO Rate for such Interest Period, (b) the Credit Default Swap Index Coupon; and (c) the Applicable Margin.

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 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.

Term Loan Interest Rate means 12.00% per annum.