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This excerpt taken from the AYR 8-K filed Feb 6, 2008. Interest
Rate and Fees. Borrowings
under the 2008-A Credit Agreement
bear interest (a) in the case of loans with an interest rate based on the
applicable base rate, or the ABR, the ABR plus an applicable margin or (b)
in
the case of loans with an interest rate based on the eurodollar rate,
or the EDR, the EDR plus an
applicable margin. The applicable margin with respect to ABR borrowings is
0.50%
per annum, increasing to 1.50% per annum during the Extension
Period. The applicable margin with respect to EDR borrowings is 1.50%
per annum, increasing
to 2.50% per annum during the
Extension Period. Additionally, we are subject to a 0.25% per annum
fee, increasing to 0.375% per annum fee during the Extension Period, on any
unused portion of the total committed facility. We are also
required to
pay customary agency
fees.
-2-
The
ABR is determined by reference to
the higher of (i) the prime rate of JPMorgan Chase Bank, N.A. and (ii) the
federal funds rate plus 0.50%. The EDR is determined by reference to one-month
LIBOR adjusted for any Federal Reserve Bank reserve
requirements. We expect that interest on loans under the 2008-A
Credit Agreement will generally be based on the EDR.
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