LIBOR Margin. The LIBOR Rate shall be rounded to the next higher multiple of 1/16th of one percent if the rate is not such a multiple.
LIBOR Margin. LIBOR Margin has the meaning given such term in Section 2.01(d) hereof. LIBOR Market Index Rate. LIBOR Market Index Rate means for any day, the rate (rounded to the next higher 1/100 of 1%) for U.S. Dollar deposits for one month U.S. Dollar deposits as reported on Telerate Page 3750 as of 11:00 a.m. London time, for such day, provided, if such day is not a London Business Day, the immediately preceding London Business Day (or if not so reported, then as determined by Agent from another recognized source or interbank quotation). LIBOR Market Index Rate Option. LIBOR Market Index Rate Option has the meaning given such term in Section 2.01(c)(i) hereof.
LIBOR Margin. The definition of the term "LIBOR Margin" appearing in Section 1.55 of the Credit Agreement is amended in its entirety to read as follows:
LIBOR Margin. 3 1.21 LOAN DOCUMENTS ..................................... 3 1.22 MARGIN ............................................. 3 1.23 NOTES .............................................. 3 1.24 OBLIGATIONS ........................................ 3 1.25 PERSON ............................................. 3 1.26 PLAN ............................................... 3 1.27 RTFC ............................................... 4 1.28 REVOLVING LOAN ADVANCES ............................ 4 1.29 REVOLVING LOAN CREDIT LIMIT ........................ 4 1.30 REVOLVING LOAN FEE MARGIN .......................... 4 1.31 SUBSIDIARY ......................................... 4
LIBOR Margin. 1.60% on the Revolving Note and 2.25% on the Installment Note.
LIBOR Margin. The LIBOR Margin shall be adjusted (up or down) prospectively on a quarterly basis as determined by Holdings’ ratio of Total Liabilities to Tangible Net Worth (the “Leverage Ratio”) in accordance with the following grid: < 1.00 1.75 %
1. 00 to 1.50 2.00 % >1.50 2.25 %
LIBOR Margin. The LIBOR Margin shall be adjusted (up or down) prospectively five (5) Business Days after receipt by Agent of the Certificate of Compliance from Borrower, as determined by Holdings’ ratio of Total Liabilities to Tangible Net Worth (the “Leverage Ratio”) in accordance with the following grid: < 1.00 2.00 % 1.00 to 1.50 2.25 % >1.50 2.75 %
LIBOR Margin. Clause (b) of the definition of “LIBOR Margin” is amended to read as follows:
LIBOR Margin. All adjustments in the Applicable Margins after December 31, 2000, shall be implemented quarterly on a prospective basis, for each calendar month commencing at least five days after the date of delivery to Lenders of the quarterly unaudited or annual audited (as applicable) Financial Statements evidencing the need for an adjustment. Concurrently with the delivery of such Financial Statements, Borrower Representative shall deliver to Agent and Lenders a certificate, in the form of Exhibit 1.5(a), signed by its chief financial officer, setting forth in reasonable detail the basis for the continuance of, or any change in, the Applicable Margins. Failure to timely deliver such Financial Statements in accordance with Annex E shall, in addition to any other remedy provided for in this Agreement, result in an increase in the Applicable Margins to the highest level set forth in the foregoing grid until delivery of those Financial Statements demonstrating that such an increase is not required. If a Default or Event of Default shall have occurred and be continuing at the time any reduction in the Applicable Margins is to be implemented, that reduction shall be deferred until the first day of the first calendar month following the date on which such Default or Event of Default is waived or cured.
LIBOR Margin. Adjustments, if any, in the LIBOR Margin shall be made by the Agent on the fifth (5th) Business Day after receipt by the Agent of quarterly financial statements for the Borrower and its Subsidiaries and the accompanying Officer's Compliance Certificate setting forth the Total Leverage Ratio of the Borrower and its Consolidated Entities as of the most recent fiscal quarter end. Subject to Section 4.1(d), in the event the Borrower fails to deliver such financial statements and certificate within the time required by Section 7.1(c) hereof, the LIBOR Margin shall be the highest LIBOR Margin until five (5) Business Days after receipt by the Agent of such financial statements and certificate.
