Applicable ABR Margin definition

Applicable ABR Margin means, at any date:

Applicable ABR Margin means, as at any date of determination, the margin indicated in Section 2.05 as then applicable to ABR Loans and Swing Line Loans (under Section 2.07(a)(i)).

Applicable ABR Margin means at any date, with respect to each ABR Loan that is a Revolving Credit Loan, a Swingline Loan or a Tranche E Term Loan, the applicable percentage per annum set forth below based upon the Status in effect on such date: Status Applicable ABR Margin Revolving Credit Loans and Swingline Loans Applicable ABR Margin Tranche E Term Loans Level I Status 1.25 % 0.75 % Level II Status 1.00 % 0.75 % Level III Status 0.75 % 0.50 % Level IV Status 0.50 % 0.50 %

Examples of Applicable ABR Margin in a sentence

• The unpaid principal amount of each ABR Loan shall bear interest from the date of the Borrowing thereof until maturity (whether by acceleration or otherwise) at a rate per annum that shall at all times be the Applicable ABR Margin plus the ABR in effect from time to time.

• The Applicable ABR Margin and the Applicable LIBOR Margin shall have the same meaning as set forth in the Credit Agreement after giving effect to the Amendment No. 2.

• Notwithstanding the foregoing and the Applicable Ratings Category on the Closing Date, prior to the delivery of the financial statements for the fiscal year of the Company ending January 2, 2015, the Applicable ABR Margin, Applicable Eurocurrency Rate Margin and Applicable Commitment Fee Percentage shall be determined by reference to Category 3.

• It is understood and agreed that any change in the Applicable ABR Margin occurring as a result of the Ratings Condition having been satisfied shall be effective as of the first Business Day after the day on which the Ratings Condition has been satisfied.

• The Applicable ABR Margin or Applicable LIBOR Margin, as applicable, for Loans under the New Revolving Credit Commitments shall be the same as those applicable to Revolving Credit Loans.

More Definitions of Applicable ABR Margin

Applicable ABR Margin means, at any date, with respect to each ABR Loan, 4.50% per annum.

Applicable ABR Margin means at any date:

Applicable ABR Margin means at any date: (a) with respect to each ABR Loan that is a Term Loan, 3.00% per annum, (b) with respect to each ABR Loan that is a Term C Loan, 3.00% per annum, and (c) with respect to each ABR Loan that is a Revolving Credit Loan, 2.25% per annum.

Applicable ABR Margin means at any date, with respect to each ABR Loan, the applicable percentage per annum set forth below based upon the Status in effect on such date: Status Applicable ABR Margin Level I Status 0.75 % Level II Status 0.50 % Level III Status 0.25 % Level IV Status 0.125 %

Applicable ABR Margin means, at any date, with respect to each ABR Loan that is an Initial Term Loan, Delayed Draw Term Loan, Revolving Credit Loan or a Swingline Loan, the applicable percentage per annum set forth below based upon the Status in effect on such date: Applicable ABR Margin for: Status Initial Term Loans Delayed Draw Term Loans Revolving Credit and Swingline Loans Level I Status 1.75 % 1.75 % 1.75 % Level II Status 1.50 % 1.50 % 1.50 % Level III Status 1.25 % 1.25 % 1.25 % Notwithstanding the foregoing, Level I Status shall apply during the period from and including the Original Closing Date to but excluding the Trigger Date.

Applicable ABR Margin in Section 1.1 of the Credit Agreement is hereby amended and restated in its entirety as follows:

Applicable ABR Margin means, with respect to each ABR Loan that is a Revolving Credit Loan, 4.00% per annum during the period from and including the Closing Date to but excluding the Initial Financial Statement Delivery Date. Each change in the Applicable ABR Margin resulting from a change in the Senior Secured Leverage Ratio as of any Calculation Date after the Initial Financial Statement Delivery Date shall be effective with respect to all Revolving Credit Loans and Letters of Credit outstanding on and after the date of delivery to the Administrative Agent of the Section 9.1 Financials indicating such change until the date immediately preceding the next date of delivery of Section 9.1 Financials indicating another such change. Anything contained herein to the contrary notwithstanding, in the event that any financial statement or Compliance Certificate delivered hereunder is discovered to be inaccurate within one year of delivery (regardless of whether this Agreement or the Commitments are in effect when such inaccuracy is discovered), and such inaccuracy, if corrected, would have led to the application of a higher Applicable ABR Margin for any period (an “Applicable ABR Margin Period”) than the Applicable ABR Margin applied for such Applicable ABR Margin Period, then (1) the Borrower shall promptly deliver to the Administrative Agent a corrected financial statement and a corrected Compliance Certificate for such Applicable ABR Margin Period, (2) the Applicable ABR Margin shall be determined based on the corrected Compliance Certificate for such Applicable ABR Margin Period, and (3) the Borrower shall promptly pay to the Administrative Agent, for the account of the applicable Lenders, the accrued additional interest and Letter of Credit Fees owing as a result of such increased Applicable ABR Margin for such Applicable ABR Margin Period. None of the foregoing shall limit the rights of the Administrative Agent or the Lenders with respect to Section 2.8(c) or Section 11.