Interest Rate

Example Definitions of "Interest Rate"
Interest Rate. 1.59 'Interest Rate' shall mean, (a) Subject to clauses (b) and (c) of this definition below: (i) as to Loans which are Prime Rate Loans, a rate equal to one (1%) percent per annum in excess of the Prime Rate, and (ii) as to Loans which are Eurodollar Rate Loans, a rate equal to three and one-quarter (3.25%) percent per annum in excess of the ... Adjusted Eurodollar Rate (in each case, based on the Eurodollar Rate applicable for the Interest Period selected by a Borrower, or by Administrative Borrower on behalf of such Borrower, as in effect three (3) Business Days after the date of receipt by Agent of the request of or on behalf of such Borrower (or Administrative Borrower on behalf of such Borrower) for such Eurodollar Rate Loans in accordance with the terms hereof, whether such rate is higher or lower than any rate previously quoted to any Borrower or Guarantor). (b) Subject to clause (c) of this definition below, effective as of the first (1st) day of the second (2nd) month of each calendar quarter (commencing with the calendar quarter ending on or about March 31, 2007), the Interest Rate payable by Borrowers shall be increased or decreased, as the case may be, (i) as to Prime Rate Loans, to the rate equal to the Applicable Margin on 4 a per annum basis in excess of the Prime Rate, and (ii) as to Eurodollar Rate Loans, to the rate equal to the Applicable Margin on a per annum basis in excess of the Adjusted Eurodollar Rate. (c) Notwithstanding anything to the contrary contained in clauses (a) and (b) of this definition, the Applicable Margin otherwise used to calculate the Interest Rate for Prime Rate Loans and Eurodollar Rate Loans shall be the highest percentage set forth in the definition of the term Applicable Margin (without regard to the amount of Quarterly Average Excess Availability) plus two (2%) percent per annum, at Agent's option, or at the written direction of the Required Lenders, without notice (i) either (A) for the period on and after the effective date of termination or non-renewal hereof until such time as all Obligations are indefeasibly paid and satisfied in full in immediately available funds or (B) for the period from and after the date of the occurrence of any Event of Default, and for so long as such Event of Default is continuing as determined by Agent and (ii) on the Revolving Loans to any Borrower at any time outstanding in excess of the Borrowing Base or on LC Advances to any Borrower at any time outstanding in excess of the Letter of Credit Facility Limit (whether or not such excess(es) arise or are made with or without Agent's or any Lender's knowledge or consent and whether made before or after an Event of Default). View More Arrow
Found in ATLANTIC EXPRESS TRANSPORTATION CORP contract
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Interest Rate. 1.59 'Interest `Interest Rate' shall mean, (a) Subject to clauses clause (b) and (c) of this definition below: (i) as to Loans which are Prime Rate Loans, a rate per annum equal to one (1%) percent per annum in excess the sum of the "Applicable Prime Rate Margin" if the Excess Availability for the Borrower is at or within the amounts indicated for such percentage (set forth below), plus the Prime Rate, and (ii) as to Loans which are Eurodollar Rate Loans, a rate per annum equal to three and... one-quarter (3.25%) percent per annum in excess the sum of the corresponding "Applicable Eurodollar Rate Margin" if the Excess Availability is at or within the amounts indicated from such percentage (set forth below), plus the Adjusted Eurodollar Rate (in each case, based on the Eurodollar Rate applicable for the Interest Period selected by a Borrower, or by Administrative Borrower on behalf of such Borrower, as in effect three (3) Business Days after the date of First Amendment to Loan and Security Agreement receipt by Agent Lender of the request of or on behalf of such Borrower (or Administrative Borrower on behalf of such Borrower) for such Eurodollar Rate Loans in accordance with the terms hereof, whether such rate is higher or lower than any rate previously quoted to any Borrower Borrower). Applicable Prime Applicable Eurodollar Excess Availability Rate Margin Rate Margin - ------------------- ----------- ----------- $3,000,001 or Guarantor). more 0% 2.25% $1,000,000 to $3,000,000 0% 2.50% less than $1,000,000 .25% 2.75% (b) Subject to clause (c) of this definition below, effective as of the first (1st) day of the second (2nd) month of each calendar quarter (commencing with the calendar quarter ending on or about March 31, 2007), the Interest Rate payable by Borrowers shall be increased or decreased, as the case may be, (i) as to Prime Rate Loans, to the rate equal to the Applicable Margin on 4 a per annum basis in excess of the Prime Rate, and (ii) as to Eurodollar Rate Loans, to the rate equal to the Applicable Margin on a per annum basis in excess of the Adjusted Eurodollar Rate. (c) Notwithstanding anything to the contrary contained in clauses clause (a) and (b) of this definition, the Applicable Margin otherwise used to calculate the Interest Rate for shall mean the rate of two and one-quarter percent (2.25%) per annum in excess of the Prime Rate as to Prime Rate Loans and the rate of five percent (5.00%) per annum in excess of the Adjusted Eurodollar Rate Loans shall be the highest percentage set forth in the definition of the term Applicable Margin (without regard as to the amount of Quarterly Average Excess Availability) plus two (2%) percent per annum, Eurodollar Rate Loans, at Agent's Lender's option, or at the written direction of the Required Lenders, without notice notice, (i) either (A) for the period on and after the effective date of termination or non-renewal hereof until such time as all Obligations are indefeasibly paid and satisfied in full in immediately available funds funds, or (B) for the period from and after the date of the occurrence of any Event of Default, and for so long as such Event of Default is continuing as determined by Agent Lender and (ii) on the Revolving Loans to any Borrower at any time outstanding in excess of the Borrowing Base or on LC Advances amounts available to any Borrower at any time outstanding in excess of the Letter of Credit Facility Limit under Section 2 (whether or not such excess(es) arise or are made with or without Agent's or any Lender's knowledge or consent and whether made before or after an Event of Default). View More Arrow
Found in PFSWEB INC contract
Interest Rate. 1.59 'Interest Rate' shall mean, Shall mean: (a) Subject to clauses clause (b) and (c) of this definition below: (i) as to Loans (other than the Tranche D Loan) which are Prime Rate Loans, a rate equal to one (1%) percent the Applicable Margin on a per annum basis in excess of the Prime Rate, and Rate; (ii) as to Loans (other than the Tranche D Loan) which are Eurodollar Rate Loans, a rate equal to three and one-quarter (3.25%) percent the Applicable Margin on a per annum basis in excess of the... Adjusted Eurodollar Rate (in each case, based (based on the Eurodollar Rate applicable for the Interest Period selected by a Borrower, or by Administrative Borrower on behalf of such Borrower, as in effect three (3) Business Days after the date of receipt by Agent of the request of or on behalf of such Borrower (or Administrative Borrower on behalf of such Borrower) for such Eurodollar Rate Loans in accordance with the terms hereof, whether such rate is higher or lower than any rate previously quoted to any Borrower or Guarantor). (b) Subject to clause (c) of this definition below, effective as of the first (1st) day of the second (2nd) month of each calendar quarter (commencing with the calendar quarter ending on or about March 31, 2007), the Interest Rate payable by Borrowers shall be increased or decreased, as the case may be, (i) Guarantor); and (iii) as to Prime Rate Loans, to the Tranche D Loan, a rate equal to the Applicable Margin on 4 a ten (10%) percent per annum basis in excess of the Prime Rate, and (ii) as to Eurodollar Rate Loans, to the rate equal to the Applicable Margin on a per annum basis in excess of the Adjusted Eurodollar Rate. (c) annum. (b) Notwithstanding anything to the contrary contained in clauses clause (a) and (b) of this definition, the Applicable Margin otherwise used to calculate the Interest Rate for Prime Rate Loans and Eurodollar Rate Loans (other than the Tranche D Loan) shall be the highest percentage set forth in the definition of the term Applicable Margin (without for each category of Loans (other than the Tranche D Loan), without regard to the amount of Quarterly Average Excess Availability) EBITDA of Group and its Subsidiaries, plus two (2%) percent per annum, and the Interest Rate with respect to the Tranche D Loan shall mean the rate of twelve (12%) percent per annum, in each case at Agent's option, or at the written direction of the Required Lenders, without notice (i) either (A) for the period on and after the effective date of termination or non-renewal hereof until such time as all Obligations are indefeasibly paid and satisfied in full in immediately available funds funds, or (B) for the period from and after the date of the occurrence of any Event of Default, and for so long as such Event of Default is continuing as determined by Agent in good faith, and (ii) on the Revolving Loans to any Borrower at any time outstanding in excess of the Borrowing Base of such Borrower or on LC Advances to any the Revolving Loan Limit of such Borrower at any time outstanding in excess of the Letter of Credit Facility Limit (whether or not such excess(es) arise or are made with or without Agent's or any Lender's the knowledge or consent of Agent or any Lender and whether made before or after an Event of Default). View More Arrow
Found in Wise Metals Group LLC contract
Interest Rate. 1.59 'Interest Rate' shall Shall mean, (a) Subject to clauses clause (b) and (c) of this definition below: (i) as to Loans which are Prime Rate Loans, a rate per annum equal to one-quarter of one (1%) percent per annum in excess of (0.25%), plus the Prime Rate, and (ii) as to Loans which are Eurodollar Rate Loans, a rate per annum equal to three two and one-quarter (3.25%) one-half percent per annum in excess of (2.50%), plus the Adjusted Eurodollar Rate (in each case, based on the Eurodollar... Rate applicable for the Interest Period selected by a Borrower, or by Administrative Borrower on behalf of such Borrower, as in effect three (3) Business Days after the date of receipt by Agent Lender of the request of or on behalf of such Borrower (or Administrative Borrower on behalf of such Borrower) for such Eurodollar Rate Loans in accordance with the terms hereof, whether such rate is higher or lower than any rate previously quoted to any Borrower or Guarantor). Borrower). (b) Subject to clause (c) of this definition below, effective as of the first (1st) day of the second (2nd) month of each calendar quarter (commencing with the calendar quarter ending on or about March 31, 2007), the Interest Rate payable by Borrowers shall be increased or decreased, as the case may be, (i) as to Prime Rate Loans, to the rate equal to the Applicable Margin on 4 a per annum basis in excess of the Prime Rate, and (ii) as to Eurodollar Rate Loans, to the rate equal to the Applicable Margin on a per annum basis in excess of the Adjusted Eurodollar Rate. (c) Notwithstanding anything to the contrary contained in clauses clause (a) and (b) of this definition, the Applicable Margin otherwise used to calculate the Interest Rate for shall mean the rate of two and one-quarter percent (2.25%) per annum in excess of the Prime Rate as to Prime Rate Loans and the rate of four and one-half percent (4.50%) per annum in excess of the Adjusted Eurodollar Rate Loans shall be the highest percentage set forth in the definition of the term Applicable Margin (without regard as to the amount of Quarterly Average Excess Availability) plus two (2%) percent per annum, Eurodollar Rate Loans, at Agent's Lender's option, or at the written direction of the Required Lenders, without notice notice, (i) either (A) for the period on and after the effective date of termination or non-renewal hereof until such time as all Obligations are indefeasibly paid and satisfied in full in immediately available funds funds, or (B) for the period from and after the date of the occurrence of any Event of Default, and for so long as such Event of Default is continuing as determined by Agent Lender and (ii) on the Revolving Loans to any Borrower at any time outstanding in excess of the Borrowing Base or on LC Advances amounts available to any Borrower at any time outstanding in excess of the Letter of Credit Facility Limit under Section 2 (whether or not such excess(es) arise or are made with or without Agent's or any Lender's knowledge or consent and whether made before or after an Event of Default). View More Arrow
Found in IMPRESO INC contract
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Interest Rate. Shall mean, with respect to (i) the Class A-1 Notes, 1.07% per annum, (ii) the Class A-2 Notes, 1.40% per annum, (iii) the Class A-3 Notes, 1.90% per annum and (iv) the Class A-4 Notes, 2.50% per annum (in the case of the Class A-1 Notes, computed on the basis of a 360-day year and the actual number of days in the related Interest Period and, in the case of the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes, computed on the basis of a 360-day year consisting of twelve 30-day... months). View More Arrow
Found in TRIAD AUTOMOBILE RECEIVABLES TRUST 2004-A contract
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Interest Rate. Shall mean, with respect to (i) the Class A-1 Notes, 1.07% 3.30% per annum, (ii) the Class A-2 Notes, 1.40% 3.79% per annum, (iii) the Class A-3 Notes, 1.90% 4.05% per annum and (iv) the Class A-4 Notes, 2.50% 4.22% per annum (in the case of the Class A-1 Notes, computed on the basis of a 360-day year and the actual number of days in the related Interest Period and, in the case of the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes, computed on the basis of a 360-day year... consisting of twelve 30-day months). View More Arrow
Found in TRIAD FINANCIAL SM LLC contract
Interest Rate. Shall mean, with respect to (i) the Class A-1 Notes, 1.07% 4.573628% per annum, (ii) the Class A-2 Notes, 1.40% 4.82% per annum, (iii) the Class A-3 Notes, 1.90% 4.77% per annum and (iv) the Class A-4 Notes, 2.50% 4.88% per annum (in the case of the Class A-1 Notes, computed on the basis of a 360-day year and the actual number of days in the related Interest Period and, in the case of the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes, computed on the basis of a 360-day year... consisting of twelve 30-day months). View More Arrow
Found in Triad Financial Special Purpose LLC contract
Interest Rate. Shall mean, with respect to (i) the Class A-1 Notes, 1.07% 5.34% per annum, (ii) the Class A-2 Notes, 1.40% 5.15% per annum, annum and (iii) the Class A-3 Notes, 1.90% per annum and (iv) the Class A-4 Notes, 2.50% 5.01% per annum (in the case of the Class A-1 Notes, computed on the basis of a 360-day year and the actual number of days in the related Interest Period and, in the case of the Class A-2 Notes, the Class A-3 Notes and the Class A-4 A-3 Notes, computed on the basis of a 360-day year... consisting of twelve 30-day months). 3 View More Arrow
Found in UPFC Auto Receivables Trust 2006-B contract
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Interest Rate. Eight percent (8%) per annum, as may be adjusted from time to time in accordance with Section 2
Found in Aclarion, Inc. contract
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Interest Rate. Eight Means six percent (8%) (6%) per annum, as may be adjusted from time to time in accordance with Section 2.
Found in GUIDED THERAPEUTICS INC contract
Interest Rate. Eight Zero percent (8%) (0%) per annum, as may be adjusted from time to time in accordance with Section 2
Found in FINJAN HOLDINGS, INC. contract
Interest Rate. Eight Means twelve percent (8%) (12.0%) per annum, as may be adjusted from time to time in accordance with Section 2.
Found in Imerjn Inc. contract
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Interest Rate. With respect to (i) the Class A-1 Notes, 5.11738% per annum, (ii) the Class A-2 Notes, 5.31% per annum, (iii) the Class A-3 Notes, 5.33% per annum and (vi) the Class A-4 Notes, LIBOR +0.01% per annum.
Found in Capital One Auto Receivables LLC contract
Interest Rate. With respect to (i) the Class A-1 A-I Notes, 5.11738% 1.21% per annum, (ii) the Class A-2 Notes, 5.31% 2.22% per annum, (iii) the Class A-3 Notes, 5.33% 3.07% per annum and (vi) the Class A-4 Notes, LIBOR +0.01% + 0.10% per annum.
Found in Capital One Auto Receivables LLC contract
Interest Rate. With respect to (i) the Class A-1 Notes, 5.11738% 5.3212% per annum, (ii) the Class A-2 Notes, 5.31% 5.33% per annum, (iii) the Class A-3 A-3-A Notes, 5.33% 5.25% per annum, (iv) the Class A-3-B Notes, LIBOR +0.00% per annum and (vi) (v) the Class A-4 Notes, LIBOR +0.01% +0.02% per annum.
Found in Capital One Auto Receivables LLC contract
Interest Rate. With respect to (i) the Class A-1 Notes, 5.11738% 3.1220% per annum, (ii) the Class A-2 Notes, 5.31% 3.82% per annum, (iii) the Class A-3 Notes, 5.33% 4.28% per annum and (vi) the Class A-4 Notes, LIBOR +0.01% +0.05% per annum.
Found in Capital One Auto Receivables LLC contract
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Interest Rate. As to: (a) Prime Rate Loans, a rate equal to the Prime Rate; and (b) LIBOR Rate Loans, a rate of 2.0% per annum in excess of the LIBOR Rate (based on the LIBOR Rate applicable for the Interest Period selected by the Borrower).
Found in SEACHANGE INTERNATIONAL INC contract
Interest Rate. As to: (a) Prime Rate Loans, a rate per annum equal to the Prime Rate; and (b) LIBOR Rate Loans, a rate of 2.0% per annum 200 basis points in excess of the LIBOR Rate (based on the LIBOR Rate applicable for the Interest Period selected by the Borrower).
Found in SPECTRIAN CORP contract
Interest Rate. As Shall mean as to: (a) Prime Rate Loans, a rate equal to of 0% per annum in excess of the Prime Rate; and (b) LIBOR Rate Loans, a rate of 2.0% 3% per annum in excess of the LIBOR Rate (based on the LIBOR Rate applicable for the Interest Period selected by the Borrower).
Found in WITNESS SYSTEMS INC contract
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Interest Rate. A rate of interest equal to 5.65% per annum (or, when applicable pursuant to this Note or any other Loan Document, the Default Rate).
Found in Winthrop Realty Liquidating Trust contract
Interest Rate. A rate of interest equal to 5.65% 5.433% per annum (or, when applicable pursuant to this Note or any other Loan Document, the Default Rate).
Found in TIER REIT INC contract
Interest Rate. A rate of interest equal to 5.65% 7.50% per annum (or, when applicable pursuant to this Note or any other Loan Document, the Default Rate).
Found in CONDOR HOSPITALITY TRUST, INC. contract
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Interest Rate. Means LIBOR plus two percent (2%) per annum.
Found in Idaho North Resources Corp. contract
Interest Rate. Means LIBOR plus two percent (2%) per annum. annum
Found in JPX Global Inc. contract
Interest Rate. Means LIBOR plus two percent (2%) per annum. 1
Found in Century Cobalt Corp. contract
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Interest Rate. For any Class of the Series 2002-1 Transaction Bonds, the percentage amount indicated for such Class in Section 4 of this Supplement.
Found in ATLANTIC CITY ELECTRIC TRANSITION FUNDING LLC contract
Interest Rate. For any Class of the Series 2002-1 2003-1 Transaction Bonds, the percentage amount indicated for such Class in Section 4 of this Supplement.
Found in ATLANTIC CITY ELECTRIC TRANSITION FUNDING LLC contract
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Interest Rate. Twelve percent (12%) per annum, however, in no event to exceed the maximum rate of interest permitted by law.
Found in AMPEX CORP contract
Interest Rate. Twelve Ten percent (12%) (10%) per annum, however, in no event to exceed the maximum rate of interest permitted by law.
Found in IGM Biosciences, Inc. contract
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Interest Rate. Shall have the meaning set forth in the Notes.
Found in WINDROSE MEDICAL PROPERTIES TRUST contract
Interest Rate. Shall have the The meaning set forth in the Notes.
Found in WINDROSE MEDICAL PROPERTIES TRUST contract
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