Examples of Applicable Base Rate in a sentence
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%.
Pricing Table Level Leverage Ratio Applicable Eurodollar Margin (per annum) Applicable Base Rate Margin (per annum) Applicable L/C Margin (per annum) Applicable Commitment Rate (per annum) I.
The outstanding principal amount of the Revolving Credit Loans shall bear interest at the rate per annum equal to (a) the Base Rate plus the Applicable Base Rate Margin on Base Rate Loans or (b) the Eurodollar Rate plus the Applicable Eurodollar Margin on Eurodollar Loans.
Overdue principal and (to the extent permitted by applicable law) interest on the Loans and all other overdue amounts payable hereunder or under any of the other Loan Documents shall bear interest compounded monthly and payable on demand at a rate per annum equal to the Applicable Base Rate plus 2%, until such amount shall be paid in full (after as well as before judgment).
Each change in the Applicable Base Rate Margin or Applicable Eurocurrency Margin or the Applicable Commitment Fee Percentage or any change in the LC Commission as a result of a change in the Borrower’s Most Recent Leverage Ratio shall become effective on the date upon which such change in such ratio occurs.