Tranche B Interest Rate definition

Tranche B Interest Rate means, for each Interest Period, a rate of interest equal to LIBOR Rate for such Interest Period plus 2.50% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months).

Tranche B Interest Rate. Defined in Section 3.4(a).

Tranche B Interest Rate means, in respect of Tranche B only, the rate of twelve percent (12%) per annum.

Examples of Tranche B Interest Rate in a sentence

• The Applicable Tranche A Interest Rate and Applicable Tranche B Interest Rate for each Interest Period of the Loan shall be determined by the Govco Administrative Agent and/or the Agent pursuant to the procedures set forth in the definition of "Applicable Tranche A Interest Rate," "Applicable Tranche B Interest Rate" and "LIBOR," as applicable, and shall promptly thereafter be notified to the Borrower, the Board, each Lender and the Supplemental Guarantor.

• Each Loan shall bear --------------------------- interest on the outstanding principal amount thereof, for each day from and including the day such Loan is made to but excluding the day it becomes due, (i) in the case of Tranche A Loans, at a rate per annum equal to the sum of 2.50% plus the Base Rate for such day (the "Tranche A Interest Rate"), and (ii) in the case of Tranche B Loans, at a rate per annum equal to the sum of 3.00% plus the Base Rate for such day (the "Tranche B Interest Rate").

• The Applicable Tranche A Interest Rate and Applicable Tranche B Interest Rate for each Interest Period of the Loan shall be determined by the Govco Administrative Agent and/or the Agent pursuant to the procedures set forth in the definition of "Applicable Tranche A Interest Rate", "Applicable Tranche B Interest Rate" and "LIBOR", as applicable, and shall promptly thereafter be notified to the Borrower, the Board, each Lender and each Participant.

• Except as otherwise provided in Section 2.6(c), interest on the outstanding amount of the Tranche B Loan shall be calculated on the basis of a three hundred sixty (360) day year and actual days elapsed and shall bear interest until repaid at the rate per annum equal to the Tranche B Interest Rate.

• Each Series 1993 Term Loan shall bear interest from the date of the Series 1993 B Drawing and/or Series 1993 D Drawing to which it relates at a rate equal to the Base Rate plus the applicable Tranche B Base Rate Margin until such time, if any, as Borrower selects a different Tranche B Interest Rate.

More Definitions of Tranche B Interest Rate

Tranche B Interest Rate has the meaning set forth in Section 2.04.

Tranche B Interest Rate means, Base Rate plus seven and one-fourth percent (7.25%).

Tranche B Interest Rate means, for each Interest Period, a rate of interest equal to LIBOR Rate for such Interest Period plus 2.50% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months). “Tranche B Lender” means any Person listed as a Tranche B Lender on Annex A hereto and each successor, permitted assignee or transferee thereof as holder of a Tranche B Note. “Tranche B Loans” shall mean the Loans made by the Tranche B Lenders to the Borrower pursuant to Section 1.01(b). “Tranche B Note” mean a promissory note, substantially in the form of Exhibit A-2 hereto, delivered by the Borrower to the Tranche B Lender pursuant to Section 1.03. “UCC” or “Uniform Commercial Code” shall mean the Uniform Commercial Code in effect in the State of New York, unless otherwise specified, as amended from time to time. “Voting Stock” as applied to the stock of any corporation, shall mean stock of any class or classes (however designated) having ordinary voting power for the election of a majority of the directors of such corporation, other than stock having such power only by reason of the happening of a contingency. Section 9.02

Tranche B Interest Rate means 16.5% per annum.

Tranche B Interest Rate means, initially, with respect to Alternate Base Rate Loans, the Alternate Base Rate plus 0% per annum and with respect to LIBOR Loans, the LIBOR Rate plus 2.00% per annum. If for five (5) consecutive Business Days commencing September 1, 2004, (i) (A) the aggregate amount of all Revolving Credit Loans outstanding, and (B) the amount of the Letters of Credit Liability outstanding is less than or equal to the Borrowing Base (without giving effect to the Overadvance), the Tranche B Interest Rate shall be reduced one Business Day after the Borrower’s written request, with respect to Alternate Base Rate Loans, to the Alternate Base Rate plus 0% per annum and, with respect to LIBOR Loans, to the LIBOR Rate plus 1.75% per annum, or (ii) (A) the aggregate amount of all Revolving Credit Loans outstanding, and (B) the amount of the Letters of Credit Liability outstanding is less than or equal to 75% of the Borrowing Base (without giving effect to the Overadvance), the Tranche B Interest Rate shall be reduced one Business Day after the Borrower’s written request, with respect to Alternate Base Rate Loans, to the Alternate Base Rate plus 0% per annum and, with respect to LIBOR Loans, to the LIBOR Rate plus 1.50% per annum, or (iii) (A) the aggregate amount of all Revolving Credit Loans outstanding, and (B) the amount of the Letters of Credit Liability outstanding is less than or equal to 50% of the Borrowing Base (without giving effect to the Overadvance), the Tranche B Interest Rate shall be reduced one Business Day after the Borrower’s written request, to the Alternate Base Rate or the LIBOR Rate, as applicable, plus in each case, the Applicable Margin.

Tranche B Interest Rate. In respect of each Fixed Rate Payer Payment Date:

Tranche B Interest Rate. Defined in Section 3:3-4(a).