Applicable Rate

Applicable Rate. Is a per annum rate equal to twenty-four percent (24.0%).

Applicable Rate. Means the corporate base rate of interest publicly announced from time to time by Zions Bank in Salt Lake City, Utah plus three percent (3%) per annum.

Applicable Rate. Shall mean the maximum rate of interest provided for in the Loan Agreement.

Applicable Rate. Is a per annum rate equal to the "Prime Rate" plus five one-half percent (5.5%).

Applicable Rate. Is a rate per annum equal to the "Prime Rate" plus ONE (1) percentage point, provided however, if the Equity Event does not occur, then effective October 1, 2000 and thereafter, the Applicable Rate shall be the Prime Rate plus TWO AND ONE HALF (2.50) percentage points.

Applicable Rate. Means that number of percentage points to be taken into account in determining the Applicable Spread which is used in computing the rate at which interest accrues on the Loan and, the Applicable Unused Fee Rate which is used in calculating the Unused Fee. Initially, from the date of the Tenth Amendment and until receipt by the Bank of the Company's first fiscal quarter end financial statements furnished after such date to the Bank pursuant to the... requirements of Section 5.b(ii), the Applicable Rate shall be determined assuming a Leverage Ratio of less than 1.50:1.0 in accordance with the following table: Applicable Rate Applicable Spread* Applicable Prime-based LIBOR-based Unused Fee Leverage Ratio Rate Rate Rate - ----------------------------------------- ------------------------ ------------------------ ----------------------- greater than or equal to 2.50:1.00 0.00% RL 2.00% RL .375% - ----------------------------------------- ------------------------ ------------------------ ----------------------- less than or equal to 2.49:1.00, but greater than or equal to 2.00:1.00 0.00% RL 1.75% RL .25% - ----------------------------------------- ------------------------ ------------------------ ----------------------- less than or equal to1.99:1.00, but greater than or equal to 1.50:1.00 0.00% RL 1.50% RL .25% - ----------------------------------------- ------------------------ ------------------------ ----------------------- less than 1.50:1.00 0.00% RL 1.25% RL .25% - ----------------------------------------- ------------------------ ------------------------ ----------------------- 2 * Where "RL" means Revolving Loan. Such determination and resulting rate change will be effective as of the first day of the month following the receipt of the financial statements. Thereafter, the Applicable Rate shall be determined on the basis of the financial statements of the Company for each fiscal quarter end furnished to the Bank pursuant to the requirements of Section 5.b(ii), and shall be effective as of the first day of the month following the receipt of the financial statements. It is noted that the above table provides an Applicable Rate for a Leverage Ratio greater than that which will be permissible under the terms of Section 5.g(ii). For the avoidance of doubt, it is agreed that it is the intent of the parties that the Bank shall be free to exercise all remedies otherwise provided for in this Agreement in the event of the violation by the Company of the covenant stated in Section 5.g(ii), notwithstanding the accrual of interest upon the Loan at a rate determined in accordance with this definition. View More

Applicable Rate. Means the Prime Rate published from time to time in the Money Rates Column of The Wall Street Journal.

Applicable Rate. During the period from the date hereof through the Maturity Date, (a) the Prime Rate or (b) the LIBOR Rate in effect at any given time pursuant to the terms hereof plus five (5%) percent per annum.

Applicable Rate. Is a rate per annum equal to the "Prime Rate" plus two and one half of one percent (2.5%).

Applicable Rate. Means the rate at which the Securities accrue interest.