Applicable Eurodollar Margin. The applicable margin with respect to Eurodollar Loans as set forth in the Pricing Table.
Applicable Eurodollar Margin. As used herein, the term "APPLICABLE EURODOLLAR MARGIN", as applied to any General Revolving Loan which is a Eurodollar Loan, means the particular rate per annum determined by the Administrative Agent in accordance with the Pricing Grid Table which appears below, based on the Borrower's Fixed Charge Coverage Ratio and such Pricing Grid Table, and the following provisions:
(i) Initially, until changed hereunder in accordance with the following provisions, the Applicable Eurodollar Margin will be 110 basis points per annum.
(ii) Commencing with the fiscal quarter of the Borrower ended on or nearest to January 31, 2000, and continuing with each fiscal quarter thereafter, the Administrative Agent will determine the Applicable Eurodollar Margin for any Eurodollar Loan in accordance with the Pricing Grid Table, based on the Borrower's Fixed Charge Coverage Ratio for the Testing Period ended on the last day of the fiscal quarter, and identified in such Pricing Grid Table. Changes in the Applicable Eurodollar Margin based upon changes in such Fixed Charge Coverage Ratio shall become effective on the first day of the month following the receipt by the Administrative Agent pursuant to section 8.1(a) or (b) of the financial statements of the Borrower, accompanied by the certificate and calculations referred to in section 8.1(c), demonstrating the computation of such Fixed Charge Coverage Ratio, based upon the Fixed Charge Coverage Ratio in effect at the end of the applicable period covered (in whole or in part) by such financial statements.
(iii) Notwithstanding the above provisions, during any period when (A) the Borrower has failed to timely deliver its consolidated financial statements referred to in section 8.1(a) or (b), accompanied by the certificate and calculations referred to in section 8.1(c), (B) a Default under section 10.1(a) has occurred and is continuing, or (C) an Event of Default has occurred and is continuing, the Applicable Eurodollar Margin shall be the highest rate per annum indicated therefor in the Pricing Grid Table, regardless of the Borrower's Fixed Charge Coverage Ratio at such time.
(iv) Any changes in the Applicable Eurodollar Margin shall be determined by the Administrative Agent in accordance with the above provisions and the Administrative Agent will promptly provide notice of such determinations to the Borrower and the Lenders. Any such determination by the Administrative Agent pursuant to this section 2.6(g) shall be conclusive and b...
Applicable Eurodollar Margin. With respect to Eurodollar Rate Loans, the spread, expressed in basis points, over the Eurodollar Rate and used in calculating the interest rate applicable to Eurodollar 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 Eurodollar Spreads (bps) for Eurodollar Rate Loans are as set forth in the following table: A-or above A3 or above 45.0 BBB+ Baa1 47.5 BBB Xxx0 00.0 XXX- Xxx0 75.0 Below BBB- or unrated Below Baa3 or unrated 95.0 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 Eurodollar 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 Eurodollar 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 Eurodollar Spread (bps) for a Eurodollar 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 Eurodollar Margin. The Applicable Eurodollar Margin for each Series [ ] New Term Loans shall mean, as of any date of determination, [ ]% per annum [plus the pricing premium, if any, less the pricing reduction].
Applicable Eurodollar Margin. See Section 2B.2(f). Assignee. See Section 9.10.
Applicable Eurodollar Margin. See Section 2.10. APPROVED ACQUISITION EBITDA. In relation to any particular Permitted Acquisition, the EBITDA of the Acquired Party for the most recently completed four (4) fiscal quarters prior to the consummation of such Permitted Acquisition, as such EBITDA is adjusted in accordance with clause (ix) of the definition of Permitted Acquisition.
Applicable Eurodollar Margin. Section 1.3A of the Loan Agreement is hereby deleted in its entirety and the following is substituted in lieu thereof:
Applicable Eurodollar Margin. Notwithstanding anything to the contrary in the Credit Agreement, during the Waiver Period, the Applicable Eurodollar Margin shall be 3.50%. This Section 2 is not meant to extend the Limited Waiver set forth in Section 1.
Applicable Eurodollar Margin. Notwithstanding anything to the contrary in the Credit Agreement, and regardless of whether the Senior Notes Resolution shall have occurred, during the Waiver Period, the Applicable Eurodollar Margin shall be 3.50%. This Section 2 is not meant to extend the Limited Waiver set forth in Section 1 nor is meant to modify Section 2.05 of the Credit Agreement if the Senior Notes Resolution shall have not occurred.
Applicable Eurodollar Margin. Section 1.1 of the Credit Agreement is hereby amended by amending and restating the definition of "Applicable Eurodollar Margin" in its entirety as follows: "Applicable Eurodollar Margin": with respect to each Eurodollar Loan at any date, the applicable percentage per annum set forth below based upon the Status and Utilization on such date (provided that if the Revolving Credit Commitments have been terminated on or prior to such date, the Utilization for such date shall be deemed to be greater than 50%): LEVEL I LEVEL II LEVEL III LEVEL IV LEVEL V STATUS STATUS STATUS STATUS STATUS ------- -------- --------- -------- ------- If Utilization is less than or equal to 50%...................................... 0.1700% 0.1750% 0.2000% 0.4000% 0.5000% If Utilization is greater than 50%....... 0.2950% 0.3000% 0.3250% 0.5250% 0.6250%
