Applicable Rate

Example Definitions of "Applicable Rate"
Applicable Rate. The prime rate of interest announced from time to time by Chase Manhattan Bank. Page-21
Applicable Rate. Means, from time to time, the following percentages per annum, based upon the Consolidated Leverage Ratio as set forth in the most recent Compliance Certificate received by the Administrative Agent pursuant to SECTION 6.02(b): - ---------------------------------------------------------------------------------------------------------------------- APPLICABLE RATE -... ---------------------------------------------------------------------------------------------------------------------- PRICING LEVEL CONSOLIDATED LEVERAGE RATIO COMMITMENT FEE EURODOLLAR RATE LOANS BASE RATE LOANS LETTERS OF CREDIT FEES - ---------------------------------------------------------------------------------------------------------------------- I Greater than or equal to 2.50x 0.400% 2.000% 0.500% II Less than 2.50x but greater than 0.350% 1.750% 0.250% or equal to 2.00x III Less than 2.00x but greater than 0.300% 1.500% 0.000% or equal to 1.50x IV Less than 1.50x but greater than 0.250% 1.250% 0.000% or equal to 0.50x V Less than 0.50x 0.200% 1.000% 0.000% - ---------------------------------------------------------------------------------------------------------------------- Any increase or decrease in the Applicable Rate resulting from a change in the Consolidated Leverage Ratio shall become effective as of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to SECTION 6.02(b); PROVIDED, HOWEVER, that if a Compliance Certificate is not delivered when due in accordance with such Section, then Pricing Level I shall apply as of the first Business Day after the date on which such Compliance Certificate was required to have been delivered and shall continue at such Pricing Level I until such time as an appropriate Compliance Certificate is provided, at which time the Pricing Level shall be reset based upon the Consolidated Leverage Ratio for the most recently ended fiscal period reflected in such Compliance Certificate. The Applicable Rate in effect from the First Amendment Effective Date through the first Business Day following receipt by the Administrative Agent of a Compliance Certificate of the Borrower with respect to the fiscal period ending March 31, 2006, shall be determined based upon Level IV. View More Arrow
Applicable Rate. Is a rate per annum equal to the "Prime Rate" plus 1.50 percentage points, provided, however, if for the 4th fiscal quarter 2001 Borrower is able to maintain 90% of its planned revenue (the "Planned Revenue Covenant") then the Applicable Rate shall be reduced to Prime Rate plus 1.00 percentage point. The Planned Revenue Covenant shall be tested each fiscal quarter thereafter and if Borrower is not able to maintain the Planned Revenue Covenant the Applicable Rate will... increase to Prime Rate plus 1.50 percentage points for the quarter following the missed Planned Revenue Covenant. View More Arrow
Applicable Rate. Means 6% per annum.
Applicable Rate. Shall mean either the LIBOR Rate or the Base Rate, as the case may be.
Applicable Rate. Tranche A Pricing Table Ratings Eurodollar Spread ABR Spread (S&P/Moody's) - -------------------------- ------------------------- -------------------------- Level 1 1.75% 0.75% higher than BBB-/Baa3 - -------------------------- ------------------------- -------------------------- Level 2 2.25% 1.25% BBB-/Baa3 - --------------------------... -------------------------- ------------------------- Level 3 2.75% 1.75% BB+/Ba1 - -------------------------- -------------------------- ------------------------- Level 4 3.00% 2.00% BB/Ba2 - -------------------------- -------------------------- ------------------------- Level 5 3.25% 2.25% lower than BB and Ba2 or unrated - -------------------------- --------------------------- ------------------------ Tranche B Pricing Table Ratings Eurodollar Spread ABR Spread (S&P/Moody's) - -------------------------- ------------------------- -------------------------- Level 1 2.75% 1.75% BB+/Ba1 or higher - -------------------------- ------------------------- -------------------------- Level 2 3.00% 2.00% BB/Ba2 - -------------------------- ------------------------- -------------------------- Level 3 3.25% 2.25% lower than BB and Ba2 or unrated - -------------------------- ------------------------- -------------------------- View More Arrow
Applicable Rate. The term "Applicable Rate" and substituting the following therefor: - -------------------------------------------------------------------------------- Ratings Eurodollar ABR Spread Facility (S&P/Moody's) Spread Fee - ---------------------------- ------------- ------------- -------------- Level 1 1.500% 0.500% 0.250% higher than BBB-/Baa3 -... ---------------------------- ------------- ------------- -------------- Level 2 1.875% 0.875% 0.375% BBB-/Baa3 - ---------------------------- ------------- ------------- -------------- Level 3 2.250% 1.250% 0.500% BB+/Ba1 - ---------------------------- ------------- ------------- -------------- Level 4 2.500% 1.500% 0.500% BB/Ba2 - ---------------------------- ------------- ------------- -------------- Level 5 2.750% 1.750% 0.500% lower than BB and Ba2 or unrated - -------------------------------------------------------------------------------- View More Arrow
Applicable Rate. A per annum rate equal to the lesser of (i) the Highest Lawful Rate, or (ii) the greater of ten and one-half percent (10.5%) or a fluctuating rate equal to the Prime Interest Rate, as its fluctuates from time to time, plus two percent (2%).
Applicable Rate. Means the prime rate of interest publicly announced from time to time by U.S. Bank National Association in Portland, Oregon.
Applicable Rate. Is a rate per annum equal to the "Prime Rate". Effective June 1, 2000 and thereafter, the Applicable Rate shall be the Prime Rate plus 2 percentage points.
All Definitions