Applicable Maximum Rate definition

Applicable Maximum Rate means, as of any day, a percentage per annum determined by reference to the Public Debt Rating in effect on such date as set forth below:
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Applicable Maximum Rate means, as of any day, a percentage per annum determined by reference to the Public Debt Rating in effect on such date as set forth below: Level 1 At least AA-/Aa3 0.750% 0.750% L▇▇▇▇ ▇ Less than Level 1 but at least A+/A1 0.875% 0.875% L▇▇▇▇ ▇ Less than Level 2 but at least A/A2 1.000% 1.000% L▇▇▇▇ ▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇ 1.125% 1.375%
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Applicable Maximum Rate means, as of any day, a percentage per annum determined by reference to the Public Debt Rating in effect on such date as set forth below: Public Debt Rating S&P/M▇▇▇▇’▇ Applicable Maximum Rate Before Term Loan Extension Option Applicable Maximum Rate After Term Loan Extension Option Level 1 At least AA-/Aa3 0.750% 0.750% L▇▇▇▇ ▇ Less than Level 1 but at least A+/A1 0.875% 0.875% L▇▇▇▇ ▇ Less than Level 2 but at least A/A2 1.000% 1.000% L▇▇▇▇ ▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇ 1.125% 1.375%
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Examples of Applicable Maximum Rate in a sentence

  • Time Event ---- ----- By 9:30 A.M. Auction Agent advises the Company an Broker-Dealers of the Reference Rate and the Applicable Maximum Rate as set forth in Section 3.2(a) hereof.


More Definitions of Applicable Maximum Rate

Applicable Maximum Rate means an interest rate of 11% per annum in the case of Eurodollar Rate Loans and an interest rate of 10% per annum in the case of Base Rate Loans.
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Related to Applicable Maximum Rate

  • Maximum Rate shall have the meaning assigned to such term in Section 9.09.

  • Maximum Rate Cap Any of the Class A-1 Maximum Rate Cap, the Class A-2 Maximum Rate Cap or the Weighted Average Maximum Rate Cap.

  • Maximum Rate of Interest It is intended that the rate of interest hereon shall never exceed the maximum rate, if any, which may be legally charged on the loan evidenced by this Note ("Maximum Rate"), and if the provisions for interest contained in this Note would result in a rate higher than the Maximum Rate, interest shall nevertheless be limited to the Maximum Rate and any amounts which may be paid toward interest in excess of the Maximum Rate shall be applied to the reduction of principal, or, at the option of HSBC, returned to the Company.

  • Maximum Lawful Rate has the meaning set forth in Section 2.7.

  • Minimum Rate With respect to each ARM Loan, the rate per annum set forth in the related Mortgage Note as the minimum Note Rate thereunder. The Minimum Rate as to each ARM Loan is set forth on the related Mortgage Loan Schedule.