Loan Rate

Example Definitions of "Loan Rate"
Loan Rate. The Bank Rate as it may vary from day to day plus one percent (1.00%); provided, however, notwithstanding the amount of the Bank Rate, the Loan Rate shall never be lower than four and one half percent (4.5%) per annum.
Loan Rate. The Bank Rate as it may vary from day to day plus one percent (1.00%); provided, however, notwithstanding the amount of the Bank Rate, the Loan Rate shall never be lower than four and one half five percent (4.5%) (5.0%) per annum.
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Loan Rate. (i) with respect to the Consolidation Term Loan, a fixed rate equal to ten percent (10.0%) per annum; (ii) with respect to the 2022 Acquisition Term Loan, a fixed rate equal to eight percent (8.0%) per annum; and (iii) with respect to the Term Loan (2022), a fixed rate equal to twelve and one-half of one percent (12.5%) per annum.
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