Applicable Alternate Base Rate Margin definition

Applicable Alternate Base Rate Margin means, with respect to any Alternate Base Rate Advance, for each Pricing Period, the interest rate margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period:

Applicable Alternate Base Rate Margin means, for each Pricing Period, the interest rate margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin ------------- ------ I (***) II (***) III (***) IV (***) V (***)

Applicable Alternate Base Rate Margin means, for each Pricing Period, the interest rate margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that pricing Period:

Examples of Applicable Alternate Base Rate Margin in a sentence

• Except as otherwise provided in Section 3.7, the unpaid principal amount of any Alternate Base Rate Advance shall bear interest at a fluctuating rate per annum equal to the Alternate Base Rate plus the Applicable Alternate Base Rate Margin.

• Except as otherwise provided in Sections 3.1(d) and 3.8, the unpaid principal amount of any Alternate Base Rate Loan shall bear interest at a fluctuating rate per annum equal to the Alternate Base Rate plus the Applicable Alternate Base Rate Margin.

• Dogs are not allowed except as service or support animals in any community.

• All amounts due under this Guaranty (including under Section 2.01) and not paid when due shall bear interest until paid at a per annum rate equal to the Alternate Base Rate plus the Applicable Alternate Base Rate Margin for Alternate Base Rate Advances plus two percent (2.00%).

• Section 1.1 of the Loan Agreement is hereby amended by deleting the definitions of "Applicable Alternate Base Rate Margin" and "Applicable Eurodollar Rate Margin" in their entirety.

More Definitions of Applicable Alternate Base Rate Margin

Applicable Alternate Base Rate Margin means, for each Pricing Period, the interest rate margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period. Applicable Pricing Level Margin ------------------- ----------------- I 0 II 25.00 III 37.50 IV 50.00 V 75.00 VI 100.00 VII 125.00 VIII 150.00

Applicable Alternate Base Rate Margin shall read in full as follows:

Applicable Alternate Base Rate Margin means, as of any date of determination, the interest rate margin set forth below (expressed in basis points per annum) opposite the period during which such date of determination occurs: Restructure Date through and including December 31, 2001 225 January 1, 2002 through and including June 30, 2002 275 July 1, 2002 through and including December 31, 2002 325 January 1, 2003 and thereafter 375 "Applicable Eurodollar Rate Margin" means, as of any date of determination, the interest rate margin set forth below (expressed in basis points per annum) opposite the period during which such date of determination occurs: Restructure Date through and including December 31, 2001 375 January 1, 2002 through and including June 30, 2002 425 July 1, 2002 through and including December 31, 2002 475 January 1, 2003 and thereafter 525

Applicable Alternate Base Rate Margin means, effective as of May 1, 2000, 1.25% (125 basis points)."

Applicable Alternate Base Rate Margin means, for each Pricing Period, the interest rate margin set forth below (expressed in basis

Applicable Alternate Base Rate Margin means with respect to any ------------------------------------- Base Rate Advance, the applicable per annum percentage set forth below opposite the Total Leverage Ratio, as determined in accordance with the Compliance Certificate most recently delivered pursuant to Section 10.8 hereof. GMAC Commercial Credit LLC Tarrant Apparel Group Tag Mex, Inc. Fashion Resources (TCL), Inc. March , 2002 Page 4 Applicable Alternate Base Rate ------------------------------ Total Leverage Ratio Margin For Base Rate Advances -------------------- ----------------------------- greater than 2.00:1 1.00% greater than 1.5:1 but less 0.50% than 2:1 greater than 1:1 but less 0.25% than 2:1 less than 1:1 0.00% Any reduction or increase in the Applicable Alternate Base Rate Margin shall be effective beginning on the date that is three (3) days following the date on which Agent receives Borrower's Compliance Certificate pursuant to section 10.8 hereof. In the event Borrower does not timely deliver a Compliance Certificate pursuant to Section 10.8 below, in addition to any rights and remedies Lenders may have against Borrower as a result of its failure to provide such Compliance Certificate the Applicable Alternate Base Rate Margin shall be deemed to be 1% from the date such Compliance Certificate was due until the third day following the receipt thereof by the Agent, at which date the Applicable Alternate Base Rate Margin shall be established pursuant to the grid set forth above."

Applicable Alternate Base Rate Margin in Section 1.1 of the Agreement is hereby amended and restated in its entirety to read as follows: