ABR Margin as defined in subsection 2.21.
ABR Margin applicable at all times during any Calendar Quarter (or shorter period commencing on the Closing Date and ending on the last day of the Calendar Quarter in which the Closing Date occurs) is a rate per annum equal to the excess, if any, of the Eurocurrency Margin determined on the first Business Day of such Calendar Quarter (or shorter period) over 1.00% per annum (but not less than 0%).
ABR Margin has the meaning assigned to such term in Section 2.21.
Examples of ABR Margin in a sentence
The Applicable LIBOR Margin and the Applicable ABR Margin for each New Term Loan provided pursuant to this Agreement shall be the Applicable LIBOR Margin and Applicable ABR Margin for the 0000 Xxxxxxx X Term Loans (as set forth in Extension Agreement No. 1).
The ABR Margin with respect to the Tranche B-1 Loans shall mean a percentage per annum equal to 2.50%.
Section 9.1 Financials or officer’s certificate required under Section 9.1(c), the Administrative Agent shall give each Lender telefacsimile or telephonic notice (confirmed in writing) of the Applicable ABR Margin and/or the Applicable LIBOR Margin in effect from such date.
More Definitions of ABR Margin
ABR Margin has the meaning set forth on the Pricing Schedule.
ABR Margin or “Facility Fee”, as the case may be, based upon the ratings by S&P and Xxxxx’x, respectively, applicable on such date to the Index Debt: Ratings (S&P/Xxxxx’x) Facility Fee (% per annum) LIBOR/ EURIBOR Margin (% per annum) ABR Margin (% per annum) Category 1 BBB+/Baa1 or above 0.125 % 1.000 % 0.000 % Category 2 BBB/Baa2 0.150 % 1.100 % 0.100 % Category 3 BBB-/Baa3 0.200 % 1.300 % 0.300 % Category 4 BB+/Ba1 0.300 % 1.450 % 0.450 % Category 5 BB/Ba2 or below 0.350 % 1.650 % 0.650 % Until the earlier of (i) the date on which the Borrower obtains ratings from Xxxxx’x and S&P with respect to its Index Debt, and (ii) 30 days following the Effective Date, the Borrowing shall be deemed to have a rating in Category 3; provided that, if the Borrower does not obtain such ratings within 30 days following the Effective Date, the Borrower shall be deemed to have a rating in Category 5 until such time as such ratings are obtained. For purposes of the foregoing, (a) if either Xxxxx’x or S&P shall not have in effect a rating for the Index Debt (other than by reason of the circumstances referred to in the last sentence of this definition), then such rating agency shall be deemed to have established a rating in Category 5; (b) if the ratings established or deemed to have been established by Xxxxx’x and S&P for the Index Debt shall fall within different Categories, the Applicable Rate shall be based on the higher of the two ratings unless one of the two ratings is two or more Categories lower than the other, in which case the Applicable Rate shall be determined by reference to the Category next below that of the higher of the two ratings; and (c) if the ratings established or deemed to have been established by Xxxxx’x and S&P for the Index Debt shall be changed (other than as a result of a change in the rating system of Xxxxx’x or S&P), such change shall be effective as of the date on which it is first publicly announced by the applicable rating agency. Each change in the Applicable Rate shall apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change. If the rating system of Xxxxx’x or S&P shall change, or if either such rating agency shall cease to be in the business of rating corporate debt obligations, the Borrower and the Lenders shall negotiate in good faith to amend this definition to reflect such changed rating system or the unavailability of ratings from such rating ...
ABR Margin means 3.00% per annum.
ABR Margin means the applicable margin set forth in the Pricing Grid under the caption, "ABR Margin," determined based on the Utilization Percentage prevailing from time to time.
ABR Margin means for Term Loans, Revolving Loans and Swingline Loans, the rate per annum set forth under the relevant column heading opposite such Loans as set forth on Schedule A hereto.
ABR Margin applicable to outstanding ABR Loans shall be the Eurodollar Margin reduced by 1.00%. Rating of the Borrower’s unsecured, non-credit enhanced Senior Funded Debt Additional Percentage Per Annum Level 1: Equal to or greater than Baa2 by Moody’s and equal to or greater than BBB by S&P 1.00% Level 2: Equal to or greater than Baa3 by Moody’s and equal to or greater than BBB- by S&P, but less than Lxxxx 0 1.25% Level 3: Equal to or greater than Ba1 by Moody’s and equal to or greater than BB+ by S&P, but less than Lxxxx 0 1.75% Level 4: Equal to or less than Ba2 by Moody’s or equal to or less than BB by S&P 2.25% In the event that the Borrower withdraws from having its unsecured, non-credit enhanced Senior Funded Debt being rated by Mxxxx’x Investors Service, Inc. or Standard & Poor’s Ratings Group, so that one or both of such ratings services fails to rate the Borrower’s unsecured, non-credit enhanced Senior Funded Debt, the component of pricing from the grid set forth above for purposes of determining the applicable Eurodollar Rate for all Rate Periods commencing thereafter shall be 2.25% until such time as the Borrower subsequently causes its unsecured, non-credit enhanced Senior Funded Debt to be rated by both of said ratings services.
ABR Margin at any date is a rate per annum equal to the then applicable rate set forth in the “Pricing Grid” below under the column headed “ABR Margin.” The “Commitment Fee Rate” at any date is a rate per annum equal to the then applicable rate set forth in the “Pricing Grid” below under the column headed “Commitment Fee.” Pricing Grid Pricing Level Commitment Fee Euro-Currency Margin ABR Margin I 0.04% 0.50% 0.00% II 0.045% 0.625% 0.00% III 0.055% 0.75% 0.00% IV 0.07% 0.875% 0.00% V 0.09% 1.00% 0.00% For purposes of the foregoing table, the following terms have the following meanings, subject to the further provisions of this Section: