Applicable Eurodollar Spread definition

Applicable Eurodollar Spread means with respect to any ---------------------------- Eurodollar Loan for the Interest Paid applicable to such Eurodollar Loan: (a) from the Effective Date to but not including the date upon which the Compliance Certificate showing the calculation of the Leverage Ratio for the fiscal quarter ending June 30, 1999 has been provided to the Agent and the Banks as required pursuant to Paragraph --------- 9(a)(3) above, 1.75%, and (b) thereafter, that percentage determined in ------- accordance with the following table: Leverage Ratio Applicable Eurodollar Spread -------------- ---------------------------- Less than 1.00:1.00 1.25% Greater than or Equal to 1.50% 1.00:1.00 but Less than 1.50:1.00 Greater than or Equal to 1.75% 1.50:1.00 but Less than or Equal to 1.75:1.00 Greater than or Equal to 2.00% 1.75:1.00 but less than or Equal to 2.00:1.00"
Sample 1
Applicable Eurodollar Spread means, as of any date of determination, the interest rate spread set forth below opposite the Applicable Pricing Level as of such date: Applicable Pricing Level Eurodollar Spread ------------- ----------------- I 1.30% II 1.45% III 1.60% IV 1.70% V 1.90%
Sample 1
Applicable Eurodollar Spread means on any day that percentage determined based upon the Leverage Ratio as reported in the most recent financial statements required to be delivered by the Parent prior to the date of determination (with any resulting change in the Applicable Eurodollar Spread being effective as of the date such financial statements are required to be delivered pursuant to the terms of this Agreement) in accordance with the following:
Sample 1

Examples of Applicable Eurodollar Spread in a sentence

  • Except as otherwise provided in Sections 3.1(d) and 3.7, the unpaid principal amount of any Eurodollar Rate Loan shall bear interest at a rate per annum equal to the Eurodollar Rate for that Eurodollar Rate Loan plus the Applicable Eurodollar Spread.


More Definitions of Applicable Eurodollar Spread

Applicable Eurodollar Spread means with respect to any Eurodollar ---------------------------- Loan for the Interest Period applicable to such Eurodollar Loan: (a) from the Effective Date to but not including the date upon which the Compliance Certificate showing the calculation of the Leverage Ratio and the Coverage Ratio for the fiscal quarter ending December 31, 1997 has been provided to the Agent and the Banks as required pursuant to Paragraph 9(a)(3) above, 1.25%, and (b) ----------------- thereafter, that percentage determined in accordance with the following table: Applicable ---------- Leverage Coverage Eurodollar -------- -------- ---------- Ratio Ratio Spread ----- ----- ------ Less than 2.00:1.00 and Greater than 2.00:1.00 0.75% Greater than or Equal to and Less than or Equal to 1.00% 2.00:1.00 but Less 2.00:1.00 but Greater than than 2.50:1.00 1.50:1.00 Greater than or Equal to and Less than or Equal to 1.25% 2.50:1.00 1.50:1.00 41
Sample 1
Applicable Eurodollar Spread means (a) for any Eurodollar Rate whose Reset Date occurs on a date when Borrower's Debt Rating is less than BBB-/Baa3, 1.75%; (b) for any Eurodollar Rate whose Reset Date occurs on a date when Borrower's Debt Rating is BBB-/Baa3 or higher but less than BBB/Baa2, 1.375%; (c) for any Eurodollar Rate whose Reset Date occurs on a date when Borrower's Debt Rating is BBB/Baa2 or higher but less than BBB+/Baa1, 1.25%; (d) for any Eurodollar Rate whose Reset Date occurs on a date when Borrower's Debt Rating is BBB+/Baa1 or higher but less than A-/A3, 1.125%; and (e) for any Eurodollar Rate whose Reset Date occurs on a date when Borrower's Debt Rating is A-/A3 or higher, 1.00%. If at any time there is a split of one or more of the pricing levels between the Borrower's Debt Ratings from S&P and Moodx'x, xxe Applicable Eurodollar Spread shall be determined by (i) if Borrower has a Debt Rating from Fitch and such rating by Fitch is equivalent to the higher of the two other Debt Ratings, such higher Debt Rating (i.e., the lower pricing) or (ii) if the Debt Rating for Borrower from Fitch is not equivalent to the higher of the two other Debt Ratings or if there is no Debt Rating for Borrower from Fitch, the lower of the two other Debt Ratings (i.e., the higher pricing).
Sample 1
Applicable Eurodollar Spread means on any day that percentage determined based upon the Leverage Ratio as reported in the most recent financial statements delivered by the Parent prior to the date of determination of "Applicable Eurodollar Spread" in accordance with the following: Leverage Ratio Tranche A Committed Loan and Tranche Tranche B Loan -------------- ------------------------------------ -------------- C Loan Applicable Eurodollar Spread Applicable Eurodollar ----------------------------------- --------------------- Spread ------ Less than or equal to 1.75:1.00 0.80% 1.35% Greater than 1.75:1.00 but less 0.925% 1.475% than or equal to 3.50:1.00 Greater than 3.50:1.00 1.125% 1.725%
Sample 1
Applicable Eurodollar Spread. The sum of (i) the Applicable Facility Fee and (ii) the Applicable Margin on Eurodollar Rate Loans, in each case as defined in the Revolving Credit Agreement.
Sample 1

Related to Applicable Eurodollar Spread

  • 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 2.14(D)(ii) hereof.

  • 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 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:

  • LIBOR Spread means, at any date or any period of determination, the LIBOR Spread that would be in effect on such date or during such period pursuant to the chart set forth in Section 2.22 based on the rating of the Borrower's senior unsecured long-term debt.

  • ABR Spread or "Facility Fee Rate" as the case may be, based upon the Leverage Ratio for the Rolling Period ending on the most recent Quarterly Date with respect to which the Administrative Agent shall have received the financial statements and other information (the "Current Information") required to be delivered to the Administrative Agent pursuant to Section 6.01(a) or Section 6.01(b) and the compliance certificate required to be delivered pursuant to Section 6.01(c) in respect of such financial statements: Eurodollar Facility Fee Leverage Ratio Spread ABR Spread Rate -------------- ------ ---------- ---- Less than 1.00 to 1.00 1.000% 0.000% 0.250% ---------------------------------------------------------------------------------------------- Greater than or equal to 1.00 to 1.00 1.125% 0.000% 0.375% but less than 1.50 to 1.00 ---------------------------------------------------------------------------------------------- Greater than or equal to 1.50 to 1.00 1.250% 0.250% 0.500% but less than 2.25 to 1.00 ---------------------------------------------------------------------------------------------- Greater than or equal to 2.25 to 1.00 1.500% 0.500% 0.500% but less than 2.75 to 1.00 ---------------------------------------------------------------------------------------------- Greater than or equal to 2.75 to 1.00 1.750% 0.750% 0.500% Each change in the Applicable Rate based on a change in the Current Information shall become effective on the date on which Current Information is delivered to the Lenders pursuant to Section 6.01 (but in any event not later than the 45th day after the end of each of the first three quarterly periods of each Fiscal Year or the 90th day after the end of each Fiscal Year, as the case may be) and shall remain in effect until the next change to be effected pursuant to this paragraph. If any Current Information is not delivered within the time periods specified in Section 6.01, then, until such Current Information is delivered, the Leverage Ratio as of the end of the Rolling Period that would have been covered thereby shall, for the purposes of this definition, be deemed to be greater than or equal to 2.75 to 1.00. Furthermore, and notwithstanding any other provision to the contrary, for the period from the Effective Date until the date on which the Current Information for the Rolling Period ending March 31, 2004 is delivered to the Lenders, the Leverage Ratio as at the end of each Rolling Period during such period shall, for the purposes of this definition, be deemed to be greater than or equal to 1.50 to 1.00 but less than 2.25 to 1.00.

  • Eurodollar Margin means a rate per annum determined in accordance with the Pricing Schedule.

  • 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 1.5(a).

  • Applicable ABR Margin means, at any date:

  • Eurodollar Rate Margin means the margin over the Eurodollar Rate used in determining the rate of interest of Eurodollar Rate Loans pursuant to subsection 2.2A.

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

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

  • 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).

  • Applicable Utilization Fee Rate means, as of any date, the percentage rate per annum at which Utilization Fees accrue on all Revolving Credit Advances at such time as set forth in the Pricing Schedule.

  • Applicable Facility Fee Rate means, at any time, the percentage rate per annum at which Facility Fees are accruing on the Aggregate Commitment at such time as set forth in the Pricing Schedule.

  • Prime Rate Spread means the difference (expressed as the number of basis points) between (a) LIBOR plus the Spread on the date LIBOR was last applicable to the Loan and (b) the Prime Rate on the date that LIBOR was last applicable to the Loan; provided, however, in no event shall such difference be a negative number.

  • 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: II 10.0 V 17.5

  • Applicable Unused Commitment Fee Rate means 0.50% per annum.

  • Applicable Spread means, in connection with the Maximum Rate for any Rate Period (and subject to adjustment as described in the definition of Maximum Rate) (i) when there is not a Failed Remarketing Condition, 200 basis points (2.00%), and (ii) while a Failed Remarketing Condition has occurred or is continuing, 200 basis points (2.00%) (up to 59 days of a continued Failed Remarketing Condition), 225 basis points (2.25%) (sixty (60) days but fewer than ninety (90) days of a continued Failed Remarketing Condition), 250 basis points (2.50%) (ninety (90) days but fewer than 120 days of a continued Failed Remarketing Condition), 275 basis points (2.75%) (120 days but fewer than 150 days of a continued Failed Remarketing Condition), 300 basis points (3.00%) (150 days but fewer than 180 days of a continued Failed Remarketing Condition), and 400 basis points (4.00%) (180 days or more of a continued Failed Remarketing Condition); provided that, if at any time when the Applicable Spread is 225 basis points (2.25%), 250 basis points (2.50%), 275 basis points (2.75%), 300 basis points (3.00%) or 400 basis points (4.00%) and the Failed Remarketing Condition no longer exists due to the successful remarketing of all Purchased VRDP Shares, then such Applicable Spread of 225 basis points (2.25%), 250 basis points (2.50%), 275 basis points (2.75%), 300 basis points (3.00%) or 400 basis points (4.00%) will continue to be the Applicable Spread in connection with determining the Maximum Rate in effect for each Rate Period commencing with the first Subsequent Rate Period after the Failed Remarketing Condition no longer exists through and including the first Subsequent Rate Period ending on or after the 45th day after the day the Failed Remarketing Condition no longer exists; provided, further, that (i) if a new Failed Remarketing Condition occurs prior to the end of such period and the Applicable Spread is then 225 basis points (2.25%), the date such new Failed Remarketing Condition occurs will be deemed to be the 60th day of a continued Failed Remarketing Condition, (ii) if a new Failed Remarketing Condition occurs prior to the end of such period and the Applicable Spread is then 250 basis points (2.50%), the date such new Failed Remarketing Condition occurs will be deemed to be the 90th day of a continued Failed Remarketing Condition, (iii) if a new Failed Remarketing Condition occurs prior to the end of such period and the Applicable Spread is then 275 basis points (2.75%), the date such new Failed Remarketing Condition occurs will be deemed to be the 120th day of a continued Failed Remarketing Condition, (iv) if a new Failed Remarketing Condition occurs prior to the end of such period and the Applicable Spread is then 300 basis points (3.00%), the date such new Failed Remarketing Condition occurs will be deemed to be the 150th day of a continued Failed Remarketing Condition and (v) if a new Failed Remarketing Condition occurs prior to the end of such period and the Applicable Spread is then 400 basis points (4.00%), the date such new Failed Remarketing Condition occurs will be deemed to be the 180th day of a continued Failed Remarketing Condition, in each case, solely for purposes of determining the Applicable Spread.

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

  • Facility Fee Rate means a rate per annum determined in accordance with the Pricing Schedule.

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

  • ABR Margin as defined in subsection 2.21.

  • Applicable Commitment Fee Rate means the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Commitment Fee.”