Applicable Additional Margin means a rate per annum equal to 0.10% (a) for any period during which the aggregate outstanding principal amount of the Loans shall be greater than 50% of the RC Sublimit then in effect and (b) from and after the Term-Out Option has been exercised and is in effect.
Applicable Additional Margin means a rate per annum equal to 0.10% for any period during which the sum of (a) the aggregate outstanding principal amount of the Loans and (b) the aggregate outstanding principal amount of the Loans under (and as defined in) the Other Credit Agreement shall be greater than 50% of the RC Sublimit then in effect.
Applicable Additional Margin means 0.10% per annum.
Examples of Applicable Additional Margin in a sentence
Borrower shall also pay a commission on all outstanding LCs at a per annum rate equal to the Applicable Margin plus, solely during the Covenant Relief Period, the Applicable Additional Margin, each with respect to SOFR Loans, on the face amount of each LC.
More Definitions of Applicable Additional Margin
Applicable Additional Margin means, for each Commitment Utilization Day (if any) during the relevant period for which interest on any Revolving Loans is being calculated, 0.05% per annum.
Applicable Additional Margin means, for any Commitment Utilization Day, 0.10%.
Applicable Additional Margin with respect to any Loan for any period during which the aggregate outstanding principal amount of the Loans is greater than 50% of the Revolving Credit Commitments then in effect, the rate per annum specified under the caption "Applicable Additional Margin" in the table contained in the definition of "Applicable Rate" in this Section or otherwise determined in accordance with such definition.
Applicable Additional Margin in the table contained in the definition of "Applicable Rate" in this Section or otherwise determined in accordance with such definition.
Applicable Additional Margin means in the case of Revolving Credit Loans or Letters of Credit, for any day, the applicable rate per annum set forth below under the caption “Applicable Additional Margin” in the definition of “Applicable Rate”.
Applicable Additional Margin means 0.05% per annum.
Applicable Additional Margin means, for any Commitment Utilization Day, the rate per annum specified under the caption "Applicable Additional Margin" in the table contained in the definition of "Applicable Rate" in this Section or otherwise determined in accordance with such definition.