Applicable LIBOR Margin Sample Clauses

Applicable LIBOR Margin. The Applicable Libor Margin is set forth in §2.3(c).

Applicable LIBOR Margin. The Applicable LIBOR Margin is set forth in Section 2.9(c).

Applicable LIBOR Margin. Section 2.13.1 is hereby amended to change the Applicable LIBOR Margin from seventy-five one-hundredths of one percent (.75%) to thirty one-hundredths of one percent (.30%).

Applicable LIBOR Margin. The term "Applicable LIBOR Margin" shall mean (i) two and one-quarter percent (2.25%) per annum, or (ii) at such time as the Cash Flow Coverage is at least 1.25 to 1 for a calendar quarter, two percent (2%) per annum, provided, however, that if the Cash Flow Coverage should thereafter fall below 1.25 to 1 for a calendar quarter, the percentage in this clause (ii) shall increase to two and one-quarter percent (2.25%) until such time as the Cash Flow Coverage is again at 1.25 to 1 for a calendar quarter, it being understood and agreed that the Applicable LIBOR Margin will be continuously adjusted based on the current Cash Flow Coverage.

Applicable LIBOR Margin. The Applicable LIBOR Margin on LIBOR Loans shall be as set forth in the Pricing Table. Any change in the Applicable LIBOR Margin shall become effective on the first day of each Interest Period which begins three (3) or more days after receipt by the Banks of financial statements delivered pursuant to ss.6.4(a) or (b) hereof which indicate a change in the Pricing Ratio. If at any time the financial statements required to be delivered pursuant to ss.6.4(a) or (b) hereof are not delivered within the time periods specified in such subsections, the Applicable LIBOR Margin shall be 2.25% with respect to any LIBOR Loan requested on or after the date on which such financial statements were required to be delivered but before the time of actual receipt of such financial statements, subject to adjustment upon actual receipt of such financial statements.

Applicable LIBOR Margin. As of any date of determination, the annual rate determined pursuant to the following table: ------------------------------------------------------------------------- S&P Rating Xxxxx'x Rating Fitch Rating LIBOR Margin ------------------------------------------------------------------------- Below BBB- or Below Baa3 or Below BBB- or unrated unrated unrated 1.20% BBB- Baa3 BBB- 0.95% BBB Baa2 BBB 0.70% BBB+ Baa1 BBB+ 0.65% A- or higher A3 or higher A- or higher 0.60% ------------------------------------------------------------------------- In the event that the three Ratings are not equivalent, the Applicable LIBOR Margin will be based on the lower of the two highest ratings. Any change in the Applicable LIBOR Margin caused by a change in the Xxxxx'x Rating, the S&P Rating or the Fitch Rating shall become effective on the first day following the effective date of such change.

Applicable LIBOR Margin. The Applicable LIBOR Margin will be a function of the Borrower's Funded Debt to EBITDA ratio as defined in the Second Amended and Restated Loan Agreement. The calculation and any change in the Applicable LIBOR Margin shall take place on the first day of the month immediately following receipt of Form 10-Q or Form 10-K of the Borrower. The Applicable LIBOR Margins are as follows: ---------------------------------------------------------------------------------------------- Revolver and Overline Term Loan ---------------------------------------------------------------------------------------------- Funded Debt to EBITDA Ratio Applicable LIBOR Margin ---------------------------------------------------------------------------------------------- > 3.75 275 BP 310 BP - ---------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- > 3.00 to 1.0 but < 3.50 to 1.0 250 BP 285 BP - ---------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- > 2.50 to 1.0 but < 3.00 to 1.0 225 BP 260 BP - ---------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- >2.00 to 1.0 but < 2.50 to 1.0 200 BP 000 XX ---------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- >1.50 to 1.0 but < 2.00 to 1.0 175 BP 000 XX - ---------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- < 1.50 to 1.0 150 BP 000 XX - ----------------------------------------------------------------------------------------------

Applicable LIBOR Margin. (a) The Applicable LIBOR Margin expressed as a percentage, in effect on any date shall be determined based on the ratio of Total Funded Debt to EBITDA of Borrowers (which shall be determined pursuant to clause (c) of this paragraph), as follows: Applicable Margin Level I Status Funded Debt/EBITDA £0.50:1.00 Level II Status Funded Debt/EBITDA >0.50:1.00£0.75:1.00 Level III Status Funded Debt/EBITDA >0.75:1.00<3.00:1.00 Unused Fee 0.125 % 0.125 % 0.125 % Libor Margin +0.75 % +0.90 % +1.15 % (b) The Total Funded Debt to EBITDA in effect on a certain date is determined as follows: the Borrowers shall calculate Total Funded Debt to EBITDA each quarter and attach quarterly financial statements to such calculation and deliver same to Bank at the time that the Bank receives the financial statements of Borrowers delivered to Bank pursuant to Section 4.1 hereof; provided, however, that if such financial statements or Total Funded Debt to EBITDA are not delivered on a timely basis, are not accurate and correct, or are not prepared in accordance with the requirements of this Agreement, then the Total Funded Debt to EBITDA shall be the ratios determined by Bank in its sole judgment. If the Total Funded Debt to EBITDA as recalculated requires a change in Applicable LIBOR Margin, the Applicable LIBOR Margin will change accordingly starting on the first day of the calendar month following the Bank’s receipt of such financial statements. (c) If any financial statements of Borrowers are later determined to have been incorrect, and if the Total Funded Debt to EBITDA determined pursuant to the correct information would result in a greater amount owing by Borrowers for the relevant period than had been actually paid by Borrowers for such period, Borrowers shall pay to Bank upon demand, the difference between the amount actually paid for the relevant period and the amount owed based on the Total Funded Debt to EBITDA determined pursuant to the correct information, together with interest on the amount owed at the Prime Rate. If any financial statements of Borrowers are later determined to have been incorrect, and if the Total Funded Debt to EBITDA determined pursuant to the correct information will result in a lesser amount of money owing by Borrowers for the relevant period than had actually been paid by Borrowers for such period, then Borrowers shall receive from Bank to the ratable benefit of Borrowers upon demand, the difference between the amount actually paid for the relev...

Applicable LIBOR Margin. See Section 2.9(c). Arranger. Fleet Securities, Inc. Assignment and Assumption. See Section 9.10(ii).

Applicable LIBOR Margin. From the Amendment No. 3 Effective Date through December 31, 2010, the Applicable Libor Margin shall be two hundred fifty (250) basis points. From January 1, 2011 through December 31, 2011, the Applicable Libor Margin shall be three hundred fifty (350) basis points. From January 1, 2012 through December 31, 2012, the Applicable Libor Margin shall be four hundred fifty (450) basis points. From and after January 1, 2013, the Applicable Libor Margin shall be five hundred fifty (550) basis points.