Base Rate Margin. As of the Effective Date, notwithstanding the applicable Pricing Level with respect to any Pricing Period, the Base Rate Margin with respect to all Revolving Loans shall be 1.75%.
Base Rate Margin. The definition of “Base Rate Margin” is hereby deleted in its entirety, and the following is hereby substituted therefor:
Base Rate Margin. The Base Rate Margin shall be equal to one percent (1%), except that during such time as Borrower maintains certain financial ratios, the Base Rate Margin may be lower as follows: If Borrower's Tangible Net Worth is greater than $10,000,000 AND Borrower's ratio of Debt to Tangible Net Worth is less than or equal to 1 to 1, then the Base Rate Margin shall be 0%. If Borrower's Tangible Net Worth is greater than $9,500,000 AND Borrower's ratio of Debt to Tangible Net Worth is less than or equal to 1.25 to 1, then the Base Rate Margin shall be .25%. If Borrower's Tangible Net Worth is greater than $9,000,000 AND Borrower's ratio of Debt to Tangible Net Worth is less than or equal to 1.5 to 1, then the Base Rate Margin shall be .5%. If Borrower's Tangible Net Worth is greater than $9,000,000 AND Borrower's ratio of Debt to Tangible Net Worth is less than or equal to 1.75 to 1, then the Base Rate Margin shall be .75%. If any of the criteria set forth above are not met for a particular interest rate, then the Base Rate Margin shall be the next highest rate for which both criteria have been met by Borrower.
Base Rate Margin. 2 1.17 BDGCFR......................................................................2 1.18 Borrower Benefit Plan.......................................................2 1.19
Base Rate Margin. The definition of the term “Base Rate Margin” set forth in Section 1.1 of the Loan Agreement is hereby amended and restated in its entirety to read as follows:
Base Rate Margin negative 50 basis points.
Base Rate Margin. (i) for each Loan which is a Base Rate Loan and is outstanding during the period beginning on December 1, 2004, and ending on the Initial Interest Rate Adjustment Date, 0.00% per annum; and (ii) thereafter for each Loan which is a Base Rate Loan outstanding during the period beginning on an Interest Rate Adjustment Date and ending on the day preceding the subsequent Interest Rate Adjustment Date, the applicable percent per annum set forth in the pricing table below opposite the ratio of (a) the aggregate principal amount of all Money Borrowed outstanding on the calculation date of the applicable Quarterly Compliance Certificate to (b) the EBITDA calculated for the trailing twelve calendar month period ending on the calculation date of the applicable Quarterly Compliance Certificate.
Base Rate Margin. Effective upon satisfaction of the conditions set forth in Section 4 of this Amendment, notwithstanding any applicable Pricing Level with respect to any Pricing Period, the Base Rate Margin with respect to all Revolving Loans shall be 2%.
Base Rate Margin. See Section 2.6(a).
Base Rate Margin. The definition of “Base Rate Margin” in Schedule 1.1 to the Credit Agreement is hereby amended by deleting such subsection in its entirety and replacing it with the following:
