Applicable Base Rate Margin. The Applicable Base Rate Margin is set forth in §2.3(c).
Applicable Base Rate Margin. The applicable margin with respect to Base Rate Loans as set forth in the Pricing Table.
Applicable Base Rate Margin. The Applicable Base Rate Margin is set forth in §2.3(c). Applicable L/C Percentage. With respect to any Letter of Credit, a per annum percentage equal to the Applicable Libor Margin in effect from time to time.
Applicable Base Rate Margin. With respect to Base Rate Loans, the spread, expressed in basis points, over the Base Rate and used in calculating the interest rate applicable to Base Rate Loans which spread shall vary from time to time in relationship to variances in the Debt Ratings as set forth below. The applicable Debt Ratings and Base Rate spreads (bps) for Base Rate Loans are as set forth in the following table: Revolving Credit Loans Delayed Draw Term Loans S&P Xxxxx’x Base Spread (bps) Base Spread (bps) A- A3 0.0 0.0 BBB+ Baa1 0.0 0.0 BBB Baa2 0.0 10.0 BBB- Baa3 20.0 35.0 Below BBB- or unrated Below Baa3 or unrated 55.0 75.0 In the event only one of S&P or Xxxxx’x is one of the two Rating Agencies as required hereunder at the time of reference, the Debt Rating from the other Rating Agency for purposes of establishing the Base Spread (bps) shall be the rating level utilized by such other Rating Agency which corresponds to the comparable rating levels set forth in the table above. In the event the Debt Ratings from the Rating Agencies are not equivalent, the Base Spread (bps) will be determined (i) based on the higher of the two Debt Ratings if the lower Debt Rating is no more than one level lower than the higher Debt Rating, and (ii) based on the level that is one rating level higher than the lower Debt Rating if the lower Debt Rating is more than one level lower than the higher Debt Rating. Adjustments in the Base Spread (bps) for a Base Rate Loan based upon a change in a Debt Rating level shall be effective on the first day following the change in such Debt Rating. The Borrower shall notify the Agent in writing of any change in the Debt Rating as and when such change occurs. Applicable Eurocurrency Margin. With respect to Eurocurrency Rate Loans, the spread, expressed in basis points, over the Eurocurrency Rate and used in calculating the interest rate applicable to Eurocurrency Rate Loans which spread shall vary from time to time in relationship to variances in the Debt Ratings as set forth below. The applicable Debt Ratings and Eurocurrency Spreads (bps) for Eurocurrency Rate Loans are as set forth in the following table: Revolving Credit Loans Delayed Draw Term Loans S&P Xxxxx’x Eurocurrency Spread (bps) Eurocurrency Spread (bps) A or above A2 or above 77.5 85.0 A- A3 82.5 90.0 BBB+ Baa1 87.5 95.0 BBB Baa2 100.0 110.0 BBB- Baa3 120.0 135.0 Below BBB- or unrated Below Baa3 or unrated 155.0 175.0 In the event only one of S&P or Xxxxx’x is one of the two Rating Agencies as requ...
Applicable Base Rate Margin. See Section 2B.2(f).
Applicable Base Rate Margin. The Applicable Base Rate Margin is set forth in Section 2.10.
Applicable Base Rate Margin. The Applicable Base Rate Margin on Base Rate Loans shall be as set forth in the Pricing Table.
Applicable Base Rate Margin. The applicable margin with respect to Base Rate Loans as set forth in the Pricing Table. Applicable Commitment Rate. The applicable rate with respect to the Commitment Fee as set forth in the Pricing Table. Applicable Eurodollar Margin. The applicable margin with respect to Eurodollar Loans as set forth in the Pricing Table. Applicable Laws. See §7.10.
Applicable Base Rate Margin. The Applicable Base Rate Margin on Base Rate Loans shall be as set forth in the Pricing Table. Applicable Eurodollar Rate Margin. The Applicable Eurodollar Margin on Eurodollar Loans shall be as set forth in the Pricing Table.
Applicable Base Rate Margin. Section 1.1 of the Credit Agreement is further amended by amending and restating in its entirety the existing Applicable Base Rate Margin table in the definition of “Applicable Base Rate Margin” to read as follows: Most Recent Total Leverage Ratio Applicable Base Rate Margin For Revolving Loans Applicable Base Rate Margin For Term B Dollar Loans Less than 2.5 to 1 0% 0% Equal to or greater than 2.5 to 1 but less than 3.0 to 1 0% 0% Equal to or greater than 3.0 to 1 but less than 3.5 to 1 0.25% 0.25% Equal to or greater than 3.5 to 1 but less than 4.0 to 1 0.50% 0.50% Equal to or greater than 4.0 to 1 but less than 4.75 to 1 0.75% 0.75% Equal to or greater than 4.75 to 1 1.00% 0.75%
