Applicable DART Rate Margin Adjustment definition

Applicable DART Rate Margin Adjustment means, with respect to any calendar year, (a) an increase of 2.50 basis points if the DART Rate in the relevant Pricing Certificate is greater than the DART Rate Threshold for such calendar year, (b) no reduction or increase if the DART Rate in the relevant Pricing Certificate is less than or equal to the DART Rate Threshold for such calendar year and greater than or equal to the DART Rate Target for such calendar year, and (c) a reduction of 2.50 basis points, if the DART Rate in the relevant Pricing Certificate is less than the DART Rate Target for such calendar year.
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Applicable DART Rate Margin Adjustment means, with respect to any calendar year, (a) an increase of 2.50 basis points if the DART Rate for such calendar year is greater than the DART Rate Threshold for such calendar year, (b) no reduction or increase if the DART Rate for such calendar year is less than or equal to the DART Rate Threshold for such calendar year and greater than or equal to the DART Rate Target for such calendar year, and (c) a reduction of 2.50 basis points, if the DART Rate for such calendar year is less than the DART Rate Target for such calendar year.
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Applicable DART Rate Margin Adjustment means, with respect to any calendar year, (a) an increase of 2.50 basis pointsa positive Margin Adjustment if the DART Rate (Three-Year Average) (or, in the case of the 2021 calendar year, the DART Rate) for such calendar year is greater than the DART Rate Threshold for such calendar year, (b) no reduction or increase if the DART Rate (Three-Year Average) (or, in the case of the 2021 calendar year, the DART Rate) for such calendar year is less than or equal to the DART Rate Threshold for such calendar year and greater than or equal to the DART Rate Target for such calendar year, and (c) a reduction of 2.50 basis points,negative Margin Adjustment if the DART Rate (Three-Year Average) (or, in the case of the 2021 calendar year, the DART Rate) for such calendar year is less than the DART Rate Target for such calendar year. [Fifth Amended and Restated Credit Agreement] Schedule I - 3 AmericasActive:16624138.12 [Fifth Amended and Restated Credit Agreement] Schedule I - 4 AmericasActive:16624138.12 0.125% 3 1 1.250% Applicable Rating Level 0.250% 1.000% 4 0.000% 1.500% Applicable Margin for Eurodollar Rate Advances and LIBOR Market Index Rate SOFR Advances 0.500% “Applicable KPI Fee Adjustment” means the number of basis points (whether positive, negative or zero) resulting from the sum of (i) the Applicable Non-Emitting Generation Capacity Fee Adjustment, plus (ii) the Applicable DART Rate Fee Adjustment, in each case for such calendar year. “Applicable KPI Margin Adjustment” means the number of basis points (whether positive, negative or zero) resulting from the sum of (i) the Applicable Non-Emitting Generation Capacity Margin Adjustment, plus (ii) the Applicable DART Rate Margin Adjustment, in each case for such calendar year. “Applicable Margin” means, at any time, the rate per annum set forth below next to the Applicable Rating Level in effect at such time (as adjusted, from time to time, in accordance with the terms of this Pricing Schedule): 5 2 1.750% Applicable Margin for Base Rate Advances 0.750% 1.125% provided, that the Applicable Margins set forth above shall be increased, for each Applicable Rating Level, upon the occurrence and during the continuance of any Event of Default by 2.00% per annum. Any change in the Applicable Margin resulting from a change in the Applicable Rating Level shall become effective upon the date of announcement of any change in the Xxxxx’x Rating or the S&P Rating that results in such change in the Applicable Rating Level. “...
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More Definitions of Applicable DART Rate Margin Adjustment

Applicable DART Rate Margin Adjustment means, with respect to any calendar year, (a) an increase of 2.50 basis pointsa positive Margin Adjustment if the DART Rate (Three-Year Average) (or, in the case of the 2021 calendar year, the DART Rate) for such calendar year is greater than the DART Rate Threshold for such calendar year, (b) no reduction or increase if the DART Rate (Three-Year Average) (or, in the case of the 2021 calendar year, the DART Rate) for such calendar year is less than or equal to the DART Rate Threshold for such calendar year and greater than or equal to the DART Rate Target for such calendar year, and (c) a reduction of 2.50 basis points,negative Margin Adjustment if the DART Rate (Three-Year Average) (or, in the case of the 2021 calendar year, the DART Rate) for such calendar year is less than the DART Rate Target for such calendar year. Schedule I - 13 AmericasActive:16797229.116797229.4
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Related to Applicable DART Rate Margin Adjustment

  • Applicable ABR Margin means, at any date:

  • Applicable Base Rate Margin means, on any day, a rate per annum equal to the higher of (a) the Applicable Eurocurrency Margin for such day minus 1.00% and (b) 0.00%.

  • Applicable Prime Rate Margin shall have the meaning provided in section 2.7(g).

  • Applicable Margins means collectively the Applicable Revolver Index Margin, the Applicable Term Loan Index Margin, the Applicable Revolver LIBOR Margin and the Applicable Term Loan LIBOR Margin.

  • Applicable Margin means, with respect to Advances of any Type at any time, the percentage rate per annum which is applicable at such time with respect to Advances of such Type as set forth in the Pricing Schedule.

  • Applicable LIBOR Rate Margin means the following per annum percentages, applicable in the following situations:

  • Applicable L/C Margin means the per annum fee, from time to time in effect, payable with respect to outstanding Letter of Credit Obligations as determined by reference to Section 1.5(a).

  • Applicable Revolver LIBOR Margin means the per annum interest rate from time to time in effect and payable in addition to the LIBOR Rate applicable to the Revolving Loan, as determined by reference to Section 1.5(a).

  • Base Rate Margin has the meaning set forth in the definition of Applicable Margin.

  • Applicable Interest Rate Margin means (a) as to any Base Rate Advance, the applicable rate per annum set forth below under the caption “Base Rate Spread” and (b) as to any LIBO Rate Advance, the applicable rate per annum set forth below under the caption “LIBO Rate Spread”, determined by reference to the higher of (i) the rating of Mondelēz’s long-term senior unsecured Debt from Standard & Poor’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Standard & Poor’s for Mondelēz) and (ii) the rating of Mondelēz’s long-term senior unsecured Debt from Moody’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Moody’s for Mondelēz), in each case on such date: Rating Base Rate Spread LIBO Rate Spread A or higher by Standard & Poor’s A2 or higher by Moody’s 0.000 % 0.805 % A- by Standard & Poor’s A3 by Moody’s 0.000 % 0.915 % BBB+ by Standard & Poor’s Baa1 by Moody’s 0.025 % 1.025 % BBB by Standard & Poor’s Baa2 by Moody’s 0.125 % 1.125 % Lower than BBB by Standard & Poor’s Lower than Baa2 by Moody’s 0.300 % 1.300 % provided that if on any date of determination (x) a rating is available on such date from only one of Standard & Poor’s and Moody’s but not the other, the Applicable Interest Rate Margin shall be determined by reference to the then available rating; (y) no rating is available from either of Standard & Poor’s or Moody’s, the Applicable Interest Rate Margin shall be determined by reference to the rating of any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders and (z) no rating is available from any of Standard & Poor’s, Moody’s or any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders, the Applicable Interest Rate Margin shall be 0.300% as to any Base Rate Advance and 1.300% as to any LIBO Rate Advance.

  • Applicable Eurodollar Rate Margin means, with respect to any Eurodollar 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 Pricing Level Margin I 52.50 II 62.50 III 72.50 IV 82.50 V 92.50

  • Applicable LIBOR Margin means the per annum interest rate from time to time in effect and payable in addition to the LIBOR Rate applicable to the Revolving Loan, as determined by reference to Section 1.4(a).

  • Maximum Applicable Rate with respect to APS, has the meaning set forth in Section 11.10(a)(vii) of these Bylaws.

  • Applicable Reference Rate means with respect to any Loan made in any currency, the rate indicated on Annex II under the heading “Applicable Reference Rate” for such currency.

  • Applicable Unused Line Fee Margin means the per annum fee, from time to time in effect, payable in respect of Borrowers’ non-use of committed funds pursuant to Section 1.9(b), which fee is determined by reference to Section 1.5(a).

  • Applicable Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin II 10.0 V 17.5

  • LIBOR Rate Margin has the meaning set forth in the definition of Applicable Margin.

  • Applicable Eurodollar Margin means, as at any date of determination, the rate per annum then applicable to Eurodollar Rate Loans determined in accordance with the provisions of Section 2.15(D)(ii) hereof.

  • Applicable Commitment Fee Rate means:

  • Prime Rate Margin is set forth on Schedule I hereto.

  • Applicable Facility Fee Rate means, at any time, the percentage rate per annum at which Facility Fees are accruing on the Aggregate Commitment (without regard to usage) at such time as set forth in the Pricing Schedule.

  • LIBOR Margin has the meaning given that term in Section 2.2.(c)(ii)(D).

  • Maximum Advance Rate means 80.0%.

  • Free Margin means the amount of funds available in the Client Account, which may be used to open a position or maintain an Open Position. Free Margin shall be calculated as: Equity less (minus) Necessary Margin [Free margin = Equity- Necessary Margin].

  • LIBOR Applicable Margin means, as of any date with respect to any LIBOR Interest Period, the Applicable Margin in effect for such LIBOR Interest Period as determined in accordance with Section 2.4 hereof.

  • Maximum Loan Rate With respect to each Mortgage Loan, the percentage set forth in the related Mortgage Note as the maximum Loan Rate thereunder.