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:
Base Rate Margin. The definition of Base Rate Margin found in Section 1.1 of the Credit Agreement is hereby deleted in its entirety and replaced by the following definition: Base Rate Margin” — see the definition of Applicable Margin.
Base Rate Margin. (i) For Revolving Loans the Base Rate Margin will be one percent (1%) when any amount is outstanding on the Special Advance Facility, the Special Drilling Facility or the Bridge Loan; at any other time, the Base Rate Margin shall be zero percent (0%);
(ii) For the Bridge Loans the Base Rate Margin will be three percent (3%) from the Effective Date through May 31, 1997, and thereafter the Base Rate Margin shall be five percent (5%);
(iii) For the Special Advance Facility and the Special Drilling Facility, the Base Rate Margin will be three percent (3%).
Base Rate Margin zero basis points.
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. 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 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. Clause (b) of the definition of “Base Rate Margin” is amended to read as follows:
Base Rate Margin negative 50 basis points.