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

• 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.

• The Authority shall pay interest owed in respect of each Term Loan from and after the date of the Term Loan Conversion on the unpaid principal amount thereof, at an interest rate equal to the Term Loan Rate.

• Attention: Pursuant to subsection 2.4(b) of the Letter of Credit and Reimbursement Agreement, dated as of , 2016, between us and you (the “Agreement”), please be advised that $ of its outstanding indebtedness owed to you as of this date has been automatically converted to a Term Loan, such Term Loan to bear interest at the Term Loan Rate and be payable at the times and place set forth in the Agreement and in the related Term Note delivered to you concurrently herewith.

• Interest at the Demand Loan Rate or Term Loan Rate shall be calculated based on a 365-day year for the actual number of days elapsed.

• Member shall pay accrued Interest to Alloya on the outstanding principal balance of all Demand and Term Loan advances at a per annum interest rate equal to the Demand Loan Rate or Term Loan Rate in effect on the date a Demand or Term Loan is made, on the third (3rd) Friday of each month and said accrued Interest shall be debited from Member’s Account.

More Definitions of Term Loan Rate

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 Alternate Base Rate and one half of one percent (.50%) with respect to Domestic Rate Loans, and (b) the sum of the Libor Rate plus two and three quarters of one percent (2.75%) with respect to Libor Rate Loans.

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

Term Loan Rate means the Default Rate; provided, further, that in no event shall the Term Loan Rate be less than the applicable rate on any Bonds which are not Liquidity Provider Bonds.

Term Loan Rate. (a) with respect to portions of the Term Loan 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 portions of the Term Loan that are LIBOR Rate Loans, an interest rate per annum equal to the sum of the Applicable Margin plus the greater of (i) the LIBOR Rate and (ii) 1.00%.

Term Loan Rate means an interest rate per annum equal to the Alternate Base Rate plus two (2.00%) percent.

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