Applicable Eurocurrency Margin definition

Applicable Eurocurrency Margin means, as at any date of determination, the rate per annum then applicable to Eurocurrency Rate Loans determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

Applicable Eurocurrency Margin has the meaning specified in Section 2.07(b).

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

Examples of Applicable Eurocurrency Margin in a sentence

• Each Eurocurrency Rate Advance shall bear interest from and including the first day of the Interest Period applicable thereto to (but not including) the last day of such Interest Period at the interest rate determined as applicable to such Eurocurrency Rate Advance and shall change as and when the Applicable Eurocurrency Margin changes.

• Solely for purposes of this Section 4.5(c), any amendment, restatement or other modification to this Agreement prior to the first anniversary of the Third Amendment Effective Date that reduces the Applicable Eurocurrency Margin applicable to the Existing Term B Dollar Loans shall be treated as if the Existing Term B Dollar Loans were refinanced in full.

• Each change in the Applicable Base Rate Margin or Applicable Eurocurrency Margin or the Applicable Commitment Fee Percentage or any change in the LC Commission as a result of a change in the Borrower’s Most Recent Leverage Ratio shall become effective on the date upon which such change in such ratio occurs.

• Each change in the Applicable Base Rate Margin or Applicable Eurocurrency Margin or the Applicable Commitment Fee Percentage as a result of a change in the Applicable Leverage Ratio shall become effective on the date upon which such change in such ratio occurs.

• Each change in the Applicable Base Rate Margin or Applicable Eurocurrency Margin or the Applicable Commitment Fee Percentage as a result of a change in Crown Holdings’ Most Recent Total Leverage Ratio shall become effective on the date upon which such change in such ratio occurs.

More Definitions of Applicable Eurocurrency Margin

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

Applicable Eurocurrency Margin means, on any date for each Eurocurrency Rate Advance, the rate per annum equal to the Credit Default Rate Spread on the applicable Spread Determination Date; provided, that the Applicable Eurocurrency Margin shall in no event be less than a rate per annum equal to the Floor or greater than a rate per annum equal to the Cap. Notwithstanding anything else to the contrary in this definition of “Applicable Eurocurrency Margin”, the Applicable Eurocurrency Margin shall be the rate per annum equal to the Cap from and after the Term Loan Conversion Date.

Applicable Eurocurrency Margin shall have the meaning provided in section 2.7(g).

Applicable Eurocurrency Margin means, in respect of any Eurocurrency Rate Advance, a rate per annum determined as of the first day of the Interest Period for such Eurocurrency Rate Advance in reference to the table set forth below on the basis of the Credit Ratings of the applicable Borrower at such time; provided, however, that for any period during any Interest Period when the aggregate outstanding Dollar Amount of Advances for any Bank exceeds 50% of the amount of such Bank’s Commitment, the “Applicable Eurocurrency Margin” for such Bank shall be a rate per annum determined with reference to the credit ratings in effect as of the first day of such Interest Period in reference to the rates under the column “Applicable Eurocurrency Margin: > 50% Usage” set forth below: Credit Rating Applicable Eurocurrency Margin (rate per annum) Applicable Eurocurrency Margin: > 50% Usage (rate per annum) AA- or better (S&P) or Aa3 or better (Moody’s) 0.10% 0.15% Below AA- (S&P) xxx Xx0 (Moody’s) but A- or better (S&P) or A3 or bettex (Xxxxy’s) 0.19% 0.24% Xxxxx X- (S&P) and A3 (Moody’s) but BBB+ or better (S&P) or Baa1 or bxxxxx (Moody’s) 0.27% 0.37% Xxxxx XBB+ (S&P) and Baa1 (Moody’s) but BBB or better (S&P) or Baa2 or bexxxx (Xoody’s) 0.35% 0.45% Xxxxx XBB (S&P) and Baa2 (Moody’s) or unrated 0.50% 0.625%

Applicable Eurocurrency Margin means with respect to Term Loans and Revolving Loans, at any date, the applicable percentage rate per annum set forth in the following applicable table under the column Applicable Eurocurrency Margin opposite the Applicable Leverage Ratio on such date: Less than or equal to 2.75 to 1.00 1.00 % Greater than 2.75 to 1.00 but less than or equal to 3.50 to 1.00 1.25 % Greater than 3.50 to 1.00 1.50 %

Applicable Eurocurrency Margin means the “Applicable Eurocurrency Margin” determined in accordance with the Pricing Grid set forth in Annex I hereto.

Applicable Eurocurrency Margin means, in respect of any Eurocurrency Advance (unless such Eurocurrency Advance is a Local Currency Advance and the applicable Local Currency Addendum specifies a different Applicable Margin or Margins), a rate per annum determined as of the first day of the Interest Period for such Eurocurrency Advance in reference to the table set forth below on the basis of the Credit Ratings at such time. Applicable Eurocurrency Margin Credit Rating Rate per Annum) ------------- -------------- A or better (S&P) OR A2 or better (Xxxxx'x) 0.155% Below A (S&P) and A2 (Xxxxx'x) but A- (S&P) OR A3 (Xxxxx'x) 0.165% Below A- (S&P) and A3 (Xxxxx'x) but BBB+ (S&P) OR Baa1 (Xxxxx'x) 0.210% Below BBB+ (S&P) and Baa1 (Xxxxx'x) but BBB (S&P) OR Baa2 (Xxxxx'x) 0.265% Below BBB (S&P) and Baa2 (Xxxxx'x) but BBB- (S&P) AND Baa3 (Xxxxx'x) 0.350% Below BBB- (S&P) OR Baa3 (Xxxxx'x) 0.500% If, on the first day of the Interest Period for any Eurocurrency Advance, the Company shall not have Credit Ratings from both S&P and Xxxxx'x, the Credit Ratings of the Company, for purposes of this SECTION 2.07(b), shall be deemed to be below BBB- (S&P) and below Baa3 (Xxxxx'x) during such period. In addition, and notwithstanding the foregoing chart, if the Credit Rating of the Company from S&P is more than one level higher or lower than the equivalent Credit Rating of the Company from Xxxxx'x at such time, then the Applicable Eurocurrency Margin shall be determined as if the Credit Rating of the Company from each of S&P and Xxxxx'x were one level higher than the lower of the two Credit Ratings.