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Base Rate Loans
Base Rate Loans contract clause examples

Applicable Rate” means, for any day, the rate per annum set forth below opposite the applicable level then in effect (based on the Consolidated Net Leverage Ratio), it being understood that the Applicable Rate for # Revolving Loans that are Base Rate Loans shall be the percentage set forth under the column “Revolving Loans” and “Base Rate”, # Revolving Loans that are SOFR Loans shall be the percentage set forth under the column “Revolving Loans” and “SOFR Loans & Letter of Credit Fee”, # that portion of the Term Loan comprised of Base Rate Loans shall be the percentage set forth under the column “Term Loan” and “Base Rate”, # that portion of the Term Loan comprised of SOFR Loans shall be the percentage set forth under the column “Term Loan” and “SOFR Loans & Letter of Credit Fee”, # the Letter of Credit Fee shall be the percentage set forth under the column “Revolving Loans” and “SOFR Loans & Letter of Credit Fee”, and # the Commitment Fee shall be the percentage set forth under the column “Commitment Fee”:

Applicable Rate” means, for any day, subject to adjustment as provided below in this definition, the rate per annum set forth below opposite the applicable Credit Rating then in effect, it being understood that the Applicable Rate for # SOFR Loans shall be the rate set forth under the column “Revolving Credit Facility Applicable Rate for SOFR Loans and Letters of Credit” or “Term A-1 Facility and Term A-2 Facility Applicable Rate for SOFR Loans”, as applicable, # Base Rate Loans shall be the percentage set forth under the column “Revolving Credit Facility Applicable Rate for Base Rate Loans” or “Term A-1 Facility and Term A-2 Facility Applicable Rate for Base Rate Loans”, as applicable, # Facility Fees shall be the percentage set forth under the column “Revolving Credit Facility Applicable Rate for Facility Fees” and # Letter of Credit Fee shall be the percentage set forth under the column “Revolving Credit Facility Applicable Rate for SOFR Loans and Letters of Credit”.

Applicable Rate” means, for any day, the rate per annum set forth below opposite the applicable Level then in effect (based on the Consolidated Leverage Ratio), it being understood that the Applicable Rate for # Revolving Loans that are Base Rate Loans shall be the percentage set forth under the column “Base Rate”, # Revolving Loans that are Eurocurrency Rate Loans shall be the percentage set forth under the column “Eurocurrency Rate & Letter of Credit Fee”, # the Letter of Credit Fee shall be the percentage set forth under the column “Eurocurrency Rate & Letter of Credit Fee”, and # the Commitment Fee shall be the percentage set forth under the column “Commitment Fee”:

Applicable Rate” means, from time to time, for the purposes of calculating # the interest rates applicable to Term SOFR Rate Loans and Daily SOFR Rate Loans for the purposes of Section 2.07, # the interest rate applicable to Base Rate Loans for the purposes of Section 2.07, # the Letter of Credit Fee for the purposes of [Section 2.03(i), (d)] the facility fee for the purposes of [Section 2.08(a) or (e)])] payments to be made in connection with [Section 2.09(b)], 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)]:

Leverage-Based Applicable Rate” means, for any day, with respect to any SOFR Loan, Base Rate Loan and Letter of Credit Fee, as the case may be, the applicable rate per annum set forth below, based upon the range into which the ratio of Consolidated Total Indebtedness to Total Asset Value then falls in accordance with the following table:

Applicable Rate” means, for any day, the rate per annum set forth below opposite the applicable Level then in effect (based on the Consolidated Total Leverage Ratio), it being understood that the Applicable Rate for # Revolving Loans that are Eurodollar Rate Loans # upon the Effective Date until the Second Amendment Effective Date, shall be 4.25% and # from and after the Second Amendment Effective Date, shall be the percentage set forth under the column “Revolving Loans” and “Eurodollar Rate”, # Revolving Loans that are Base Rate Loans # upon the Effective Date until the Second Amendment Effective Date, shall be 3.25% and # from and after the Second Amendment Effective Date, shall be the percentage set forth under the column “Revolving Loans” and “Base Rate”, # that portion of the Term Loan comprised of Eurodollar Rate Loans # upon the Effective Date until the Second Amendment Effective Date, shall be 4.25% and # from and after the Second Amendment Effective Date, shall be the percentage set forth under the column “Term Loan” and “Eurodollar Rate”, # that portion of the Term Loan comprised of Base Rate Loans # upon the Effective Date until the Second Amendment Effective Date, shall be 3.25% and # from and after the Second Amendment Effective Date, shall be the percentage set forth under the column “Term Loan” and “Base Rate”, # the Commitment Fee shall be the percentage set forth under the column “Commitment Fee” and # the Letter of Credit Fee shall be the percentage set forth under the column “Letter of Credit Fee”.

Ratings-Based Applicable Rate” means, for any day, with respect to any SOFR Loan, Base Rate Loan, Facility Fee and Letter of Credit Fee, as the case may be, the applicable rate per annum set forth below, based upon the range into which the Debt Ratings then fall, in accordance with the following table:

Applicable Rate” means, for any day, # with respect to the Loans of any Class other than the Revolving Loans made pursuant to the Revolving Commitments, or commitment fees payable in respect of Commitments of any Class other than the Revolving Commitments, the rate or rates per annum specified in the applicable Extension Amendment, Incremental Facility Agreement or Refinancing Facility Agreement and # with respect to any Revolving Loan made pursuant to the Revolving Commitments that is an ABR Loan or Eurocurrency, Term SOFR Loan or Alternative Currency Loan, or with respect to the commitment fees in respect of the Revolving Commitments payable hereunder, as the case may be, the applicable rate per annum set forth below under the caption “ABR Spread”, “EurocurrencyTerm SOFR Spread/Alternative Currency Spread” or “Commitment Fee Rate”, respectively, based upon the Total Leverage Ratio as of the most recent determination date; provided that the “Applicable Rate” shall be the applicable rate per annum set forth below in Category 3 from the Effective Date until the next change in the Applicable Rate in accordance with the immediately succeeding sentence:

Applicable Rate” means, for any day, with respect to the facility fees payable hereunder, or with respect to any Base Rate Loan, Term SOFR Loan or, if applicable pursuant to [Section 2.13], Daily Simple SOFR Loan, as the case may be, the applicable rate per annum set forth below based upon the Ratings received from S&P and Moody’s:

Applicable Rate” means, for any day, with respect to any ABR Loan or EurodollarTerm SOFR Loan, or with respect to the commitment fees or letter of credit fees payable hereunder, as the case may be, the applicable rate per annum set forth below under the caption “Applicable Rate for EurodollarTerm SOFR Loans”, “Applicable Rate for ABR Loans” or “Commitment Fee Rate”, as the case may be, based upon the Borrower’s Total Net Leverage Ratio as of the most recent determination date; provided, that until the delivery to the Administrative Agent, pursuant to Section 5.01, of the Borrower’s consolidated financial

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