Interest Margins. Borrower shall have reached agreement with the Lenders (or Additional Lenders) agreeing to the respective Increase with respect to the interest margins applicable to Term Loans or incremental term loans to be made pursuant such Increase (which interest margins may be with respect to any Increase of the Term Loans or any Increase pursuant to which any incremental term facilities are provided, higher than, equal to, or lower than the interest margins applicable to the applicable Term Loan set forth in this Agreement immediately prior to the Increase Effective Date, as applicable) and shall have communicated the amount of such interest margins to Administrative Agent. Any joinder pursuant to clause (c) above may, with the consent of Administrative Agent, Borrower and the Lenders or Additional Lenders providing such Increase, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate to effectuate the provisions of this Section 2.17 (including any amendment necessary to effectuate the interest margins for the Term Loans or incremental term loans to be made pursuant to such Increase). Anything to the contrary contained herein notwithstanding, it is agreed and understood that the all-in yield (including interest rate margins, any interest rate floors, original issue discount and upfront fees payable in respect of any such Increase in the form of term loans (based on the lesser of a four-year average life to maturity or the remaining life to maturity), but excluding reasonable and customary arrangement, structuring and underwriting fees paid or payable to the arrangers of such Increase or their affiliates) applicable to such Increase shall not be more than 0.50% higher than the corresponding all-in yield (determined on the same basis) applicable to the then outstanding Term Loans, unless the interest rate margin with respect to the then outstanding Term Loans is increased by an amount equal to (I) the difference between the all-in yield with respect to such Increase, as applicable, and the all-in yield with respect to such existing Facility, minus (II) 0.50% per annum.
Interest Margins. As used herein, the term "Applicable Prime Rate Margin", as applied to any Loan which is a Prime Rate Loan, and 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 ratio of Consolidated Total Debt to Consolidated EBITDA and such Pricing Grid Table, and the following provisions:
Interest Margins. As used herein, the term “Applicable Margin” shall mean the particular rate per annum determined by Bank in accordance with the Pricing Grid Table which appears below, based upon the results of the computation of the Leverage Ratio (as defined in Exhibit A) of Guarantor and such Pricing Grid Table, and the following provisions:
Interest Margins. As used herein, the terms "APPLICABLE LIBOR MARGIN", as applied to any LIBOR Loan, and "APPLICABLE PRIME RATE MARGIN" as applied to any Prime Rate Loan, mean for any date the particular rate per annum determined by the Administrative Agent in accordance with (other than with respect to Term Loans) the pricing grid table (the "PRICING GRID") which appears below under the heading "Applicable LIBOR Margin" or "Applicable Prime Rate Margin", as applicable, based upon the Index Debt Rating, applicable on such date, and (with respect to all Loans) the following provisions:
Interest Margins. As used herein, the term “Applicable Eurodollar Margin”, as applied to any Domestic Revolving Loan which is a Eurodollar Loan, any Swing Line Revolving Loan which is a Flex Eurodollar Loan, or any Canadian Revolving Loan which is a CDOR Loan, means the particular rate per annum determined by the Domestic Administrative Agent in accordance with the Pricing Grid Table which appears below, based on the ratio of Combined Total Debt to Combined EBITDA and such Pricing Grid Table, and the following provisions:
Interest Margins. As used herein, the term "APPLICABLE PRIME RATE MARGIN", as applied to any Loan which is a Prime Rate Loan, means one hundred fifty (150) basis points per annum; and the term "APPLICABLE EURODOLLAR MARGIN", as applied to any General Revolving Loan which is a Eurodollar Loan, means four hundred (400) basis points per annum.
Section 3.1 (b) (Facility Fee) of the Credit Agreement is amended and restated in its entirety to provide as follows:
Interest Margins. As used herein, the term “Applicable Eurodollar Margin”, as applied to any Domestic Revolving Loan or Domestic Term Loan which is a Eurodollar Loan, any Swing Line Revolving Loan which is a Flex Eurodollar Loan, any Canadian Revolving Loan which is a CDOR Loan or a Eurodollar Loan, or any portion of a Domestic Term Loan which is a Eurodollar Loan, means the particular rate per annum determined by the Domestic Administrative Agent in accordance with the Pricing Grid Table which appears below, based on the ratio of Consolidated Total Debt to Consolidated EBITDA and such Pricing Grid Table, and the following provisions:
Interest Margins. As used herein, the term "APPLICABLE PRIME RATE MARGIN", as applied to any Loan which is a Prime Rate Loan, means two hundred fifty (250) basis points per annum; and the term "APPLICABLE EURODOLLAR MARGIN", as applied to any General Revolving Loan which is a Eurodollar Loan, means four hundred (400) basis points per annum.
G. Clause (i) of Section 2A.1(b) (Letters of Credit) of the Credit Agreement is amended by deleting therefrom the sum "$5,000,000" and inserting therein the sum "$10,000,000" in its stead.
H. The following provision is added as a new Section 3.4 of the Credit Agreement immediately following Section 3.3 and preceding Section 4:
Interest Margins. The investment income allocation, including statutory capital gains (both realized and unrealized) and IMR amortization was calculated using the rates developed for this LOB as described in Section II. FIT rates were applied as also described in Section II. Annual interest spreads were calculated as the difference between each year's portfolio earnings rate and the pricing rate for the model cell. Pricing rates varied by issue year and duration.
Interest Margins. Minimum Interest Charge; Default Interest Rate; Application of Payments; Participations; Usury...................................16 Section 2.6 Fees.............................................................................18
