Alternate Base Rate Margin definition
Alternate Base Rate Margin means a rate per annum determined in accordance with the Pricing Schedule.
Alternate Base Rate Margin means, for any day, the rate set forth below, in basis points per annum, in the row opposite such term and in the column corresponding to the Pricing Level that applies for such day: Pricing Level Level I Level II Level III Level IV Level V Ticking Fee Rate 10.0 12.5 15.0 20.0 25.0 Eurodollar Margin 100.0 112.5 125.0 150.0 162.5 Alternate Base Rate Margin 0.0 12.5 25.0 50.0 62.5 For purposes of this Schedule, the following terms have the following meanings:
Alternate Base Rate Margin has the meaning specified in subsection 2.2A.
Examples of Alternate Base Rate Margin in a sentence
The unpaid principal of the Alternate Base Rate Loans shall bear interest prior to maturity at a rate per annum equal to the sum of (i) the Alternate Base Rate in effect from time to time plus (ii) the Alternate Base Rate Margin in effect from time to time, payable on each Interest Payment Date and at maturity.
More Definitions of Alternate Base Rate Margin
Alternate Base Rate Margin for any date shall be zero unless the Margin Percentage with respect to the Eurodollar Rate for such date exceeds 1.00%; and if the Margin Percentage with respect to the Eurodollar Rate for such date exceeds 1.00%, the Alternate Base Rate Margin for such date will be the Margin Percentage with respect to the Eurodollar Rate for such date less 1.00%.
Alternate Base Rate Margin means that percentage located in the column captioned “Applicable Margin for ABR Loans” within the definition of “Applicable Rate” below.
Alternate Base Rate Margin means, for any day, the rate per annum identified as the Alternate Base Rate Margin in the table contained in the definition of the term “Applicable Margin” corresponding to the applicable Level on such day.
Alternate Base Rate Margin has the meaning as defined in Schedule 1.1(a). “Anti-Corruption Laws” means the United States Foreign Corrupt Practices Act of 1977, as amended, the UK Bribery Act 2010, and any other similar applicable anti-bribery or anti- corruption laws or regulations administered or enforced in any jurisdiction in which the applicable Borrower or any of its Subsidiaries is located or conducts business. “Anti-Terrorism Laws” means any laws rules or regulations relating to applicable anti- terrorism, economic, financial sanctions programs and trade embargoes, import/export licensing, money laundering or bribery, and any regulation, order, or directive promulgated, issued or enforced pursuant to such laws, all as amended, supplemented or replaced from time to time. “Applicable Accounting Standards” means GAAP or IFRS, as the case may be. “Applicable Margin” has the meaning as defined in Schedule 1.1(a). “Assignment and Assumption” means an assignment and assumption entered into by a Lender and an Eligible Assignee (with the consent of any party whose consent is required by Section 15.8(a)), and accepted by the Administrative Agent, in substantially the form of Exhibit E or any other form (including electronic documentation generated by use of an electronic platform) approved by the Administrative Agent. “Audited Financial Statements” means the audited consolidated balance sheet of Triton Holdco and its Subsidiaries as of December 31, 2023 and the related consolidated statements of operations, stockholder’s equity and comprehensive income, and cash flows for the fiscal year ended December 31, 2023, including the notes thereto. “Authorized Officer” means the Chief Executive Officer, President, Chief Financial Officer, Treasurer or Assistant Treasurer of the Borrowers, or such other individuals designated by written notice to the Administrative Agent from the Borrowers, authorized to execute notices, reports and other documents on behalf of the Borrowers required hereunder. Either Borrower may amend such list of individuals from time to time by giving written notice of such amendment to the Administrative Agent. “Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the applicable Resolution Authority in respect of any liability of an Affected Financial Institution. “Bail-In Legislation” means, (a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European
Alternate Base Rate Margin means, at any time, the greater of (i) 0.00% and (ii) the then-applicable SOFR Index Adjustment minus 1.00%.
Alternate Base Rate Margin means, for any day, (a) with respect to any ABR Borrowing made (i) pursuant to Section 2.01(a) (and any conversion of a Borrowing made pursuant to Section 2.01(a) to an ABR Borrowing) or (ii) in respect of an LC Disbursement for any Letter of Credit (other than a Roll-Up Letter of Credit) and any continuation thereof, 4.50% per annum and (b) with respect to any ABR Borrowing deemed made (i) pursuant to Section 2.01(b) (and any conversion of a Borrowing deemed made pursuant to Section 2.01(b) to an ABR Borrowing) or (ii) in respect of an LC Disbursement for any Roll-Up Letter of Credit (and any continuation thereof), 3.25% per annum.
Alternate Base Rate Margin means, for any day, (a) with respect to any ABR Borrowing made (i) pursuant to Section 2.01(a) (and any conversion of a Borrowing made pursuant to Section 2.01(a) to an ABR Borrowing) or (ii) in respect of an LC Disbursement for any Letter of Credit (other than a Roll-Up Letter of Credit) and any continuation thereof, 4.50% per annum and (b) with respect to any ABR Borrowing deemed made (i) pursuant to Section 2.01(b) (and any conversion of a Borrowing deemed made pursuant to Section 2.01(b) to an ABR Borrowing) or