Applicable Reference Rate Margin definition
Examples of Applicable Reference Rate Margin in a sentence
Interest shall accrue and be payable on each such Reference Rate Loan at a per annum interest rate equal to the Reference Rate plus the Applicable Reference Rate Margin.
Each Revolving Loan that is a Reference Rate Loan shall bear interest on the principal amount thereof from time to time outstanding at a rate per annum equal to the Reference Rate plus the Applicable Reference Rate Margin.
Subject to the provisions of Section 2.10.3, each Loan shall bear interest on the outstanding principal amount thereof from the date when made (which, in the case of a drawing on a Letter of Credit, is the date of such drawing) until it becomes due at a rate per annum equal to (A) with respect to a LIBOR Loan, the LIBOR Rate plus the Applicable LIBOR Margin, and (B) with respect to a Reference Rate Loan, the Reference Rate plus the Applicable Reference Rate Margin.
Each portion of the Term Loan that is a Reference Rate Loan shall bear interest on the principal amount thereof from time to time outstanding at a rate per annum equal to the Reference Rate plus the Applicable Reference Rate Margin.
Each Revolving A Loan shall bear interest on the principal amount thereof from time to time outstanding, from the date of such Loan until such principal is repaid, at a rate per annum equal to (i) if such Loan is a Reference Rate Loan, the Reference Rate plus the Applicable Reference Rate Margin and (ii) if such Loan is a LIBOR Rate Loan, LIBOR plus the Applicable LIBOR Margin.