Applicable Base Rate Margin definition

means, on any day, a rate per annum equal to the higher of (a) the Applicable Eurocurrency Margin for such day minus 1.00% and (b) 0.00%.

Examples of Applicable Base Rate Margin in a sentence

• Subject to the provisions of subsections 2.2E and 2.7, the Swing Line Loans shall bear interest through maturity at the sum of the Base Rate plus the Applicable Base Rate Margin for Revolving Loans.
• Miscellaneous: Each of the parties shall (i) waive its right to a trial by jury and(ii) submit to exclusive New York jurisdiction.ANNEX I TO EXHIBIT B Interest Rates: The interest rates per annum applicable to the Term Facilities willbe, at the option of the Borrower (i) LIBOR (calculated on a 360- day basis) plus the Applicable LIBOR Margin (as hereinafter defined) or (ii) the Base Rate (calculated on a 365/366-day basis) plus the Applicable Base Rate Margin (as hereinafter defined).
• The following definitions set forth in Section 1 of the Loan Agreement are hereby amended and restated to read in their entirety as follows: 1.7 "Applicable Base Rate Margin" means three percent (3.00%) per annum.
• Each Revolving Loan denominated in Dollars shall bear interest on the outstanding principal amount thereof from the applicable Borrowing Date at a rate per annum equal to (i) Term SOFR plus the Applicable Term Rate Margin, or (ii) the Base Rate plus the Applicable Base Rate Margin, as the case may be (and subject to the Borrowers’ right to convert (x) Base Rate Loans to Term SOFR Loans, and (y) Term SOFR Loans to Base Rate Loans).
• From and after the occurrence of an Event of Default (and only during such period that such Event of Default is continuing), the Obligors shall pay interest (after as well as before judgment), except to the extent not permitted by law, at a rate per annum equal to the rate (inclusive of the Applicable Base Rate Margin) that would otherwise be applicable to Base Rate Loans pursuant to Section 3.1.4 plus 2.00%.

More Definitions of Applicable Base Rate Margin

means (i) in the case of A Term Loans and Revolving Loans, 1.00%, less the Applicable Performance Discount, if any, and (ii) in the case of B Term Loans, C Term Loans and D Term Loans, 1.25%.

means (i) in the case of each of the Revolving Loans and Tranche A Term Loans, a percentage per annum equal to 2.00% and (ii) in the case of Tranche B Term Loans, a percentage per annum equal to 2.75%; provided that the percentage set forth in clause (i) above shall be adjusted by the applicable Interest Reduction Discount.