Applicable Premium

Applicable Premium. Shall mean, with respect to any Note on any applicable Redemption Date, the greater of: (1) 1.0% of the then outstanding principal amount of such Note (expressed in dollars); or (2) the excess of (expressed in dollars): a. the present value at such Redemption Date of (i) 100% of the then Outstanding principal amount of such Note plus (ii) all required interest payments to become due on such Note from and after 1 such Redemption Date through February 20, 2025 (excluding accrued but unpaid... interest to the Redemption Date), computed using a discount rate equal to the Treasury Rate as of such Redemption Date plus 50 basis points; over b. the then Outstanding principal amount of such Note. View More

Applicable Premium. Means, without duplication, with respect to any voluntary or mandatory repayment or prepayment (including upon any acceleration) of Term Loans (or applicable portion thereof) to which it applies (which shall include in any event acceleration of the Term Loans pursuant to Section 7), a premium on the principal amount of Term Loans (or applicable portion thereof) repaid, prepaid or accelerated equal to the p ercentage of the principal amount of Term Loans (or applicable portion thereof) so... repaid, prepaid or accelerated set forth in the chart below by reference to the period in which such repayment or prepayment is made (in the case of voluntary repayments or prepayments) or required to be made (in the case of mandatory repayments or prepayments, or any acceleration, to which such premium applies) pursuant to this Agreement: Relevant Period Premium as a percentage of the principal amount of Term Loans amount so prepaid, repaid or accelerated On or prior to the second anniversary of the Initial Funding Date 3% On or prior to the third anniversary of the Initial Funding Date, but after the second anniversary of the Initial Funding Date 2% On or prior to the fourth anniversary of the Initial Funding Date, but after the third anniversary of the Initial Funding Date 1% View More

Applicable Premium. Applicable Premium means, with respect to a group health plan, the applicable premium as defined in Section 604 of ERISA with respect to a month.