Applicable Fixed Rate Margin means, as at any date of determination, the rate per annum then applicable to Fixed Rate Loans determined in accordance with the provisions of Section 2.15(d)(ii) plus (in the case of a Fixed Rate Loan of any Lender which is lent from the Lending Installation in the United Kingdom or a Participating Member State) the Mandatory Costs (if any).
Applicable Fixed Rate Margin set forth in Section 1.01 of the Credit Agreement is amended by deleting such definition in its entirety and substituting therefor the following:
Applicable Fixed Rate Margin. “Applicable Floating Rate Margin”, “Applicable Letter of Credit Fee Rate”, “Applicable Overdraft Rate Margin”, and “Applicable Unused Commitment Fee Rate” mean a per annum rate equal to (a) for the period from the Closing Date until the Rate Change Date (as defined below) occurring after the timely delivery of the Compliance Certificate for the period ending December 31, 2005, pursuant to Section 7.01(c), the respective per annum rates in the row designated “Level 3” on the table set forth on Exhibit A attached hereto with respect to each of the Applicable Fixed Rate Margin, the Applicable Floating Rate Margin, the Applicable Overdraft Rate Margin, the Applicable Letter of Credit Fee Rate, and the Applicable Unused Commitment Fee Rate and (b) from and after such Rate Change Date, if the Leverage Ratio for the applicable period ending on the last day of the then most recent fiscal quarter (as shown on the Compliance Certificate delivered pursuant to Section 7.01(c)) is within the applicable range set forth on Exhibit A attached hereto, the Applicable Fixed Rate Margin, the Applicable Floating Rate Margin, the Applicable Letter of Credit Fee Rate, the Applicable Overdraft Rate Margin and the Applicable Unused Commitment Fee Rate shall be the respective per annum rates set forth opposite the applicable range indicated on the table set forth on Exhibit A attached hereto. In the event of the delivery of a Compliance Certificate after December 31, 2005, showing an increase or decrease in the Leverage Ratio (for the twelve-month period ending on the last day of a fiscal quarter) which requires a change in the Applicable Fixed Rate Margin, the Applicable Floating Rate Margin, the Applicable Letter of Credit Fee Rate, the Applicable Overdraft Rate Margin and the Applicable Unused Commitment Fee Rate, such changes shall be effective from the first day of the calendar month immediately following receipt of such Compliance Certificate (provided that the Compliance Certificate is received by the Administrative Agent no later than 12:00 p.m. (New York time) at least one (1) Business Day prior to the first day of such calendar month) until the next such date on which the Applicable Fixed Rate Margin, the Applicable Floating Rate Margin, the Applicable Letter of Credit Fee Rate, the Applicable Overdraft Rate Margin and the Applicable Unused Commitment Fee Rate are subject to change following the delivery of (or failure to deliver) a Compliance Certificate showing an incre...
Examples of Applicable Fixed Rate Margin in a sentence
Notwithstanding the foregoing, for so long as any Default shall have occurred and be continuing, the Applicable Floating Rate Margin, Applicable Fixed Rate Margin and Applicable Commitment Fee Percentage shall be determined by reference to Category 5.
Each Fixed 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 Eurocurrency Rate applicable to such Fixed Rate Advance and Interest Period plus the Applicable Fixed Rate Margin in effect from time to time.
More Definitions of Applicable Fixed Rate Margin
Applicable Fixed Rate Margin means initially a rate equal to 2.25% per annum until the last day of the fourth fiscal quarter of 1998. Thereafter, such rate will fluctuate quarterly on the first day of each fiscal quarter, commencing with the first fiscal quarter of 1999, based upon the Fixed Charge Coverage Ratio for the preceding twelve-month period, calculated as of the last day of such preceding twelve-month period, as set forth below: If the Fixed Charge Applicable Fixed Coverage Ratio is: Rate Margin Less than 2.00 2.75% Greater than or equal to 2.00 but less than 3.00 2.50% Greater than or equal to 3.00 but less than 4.00 2.25%. Greater than or equal to 4.00 but less than 5.00 2.00% Greater than or equal to 5.00 1.75%.
Applicable Fixed Rate Margin means, as of any date, 40 basis points per annum.
Applicable Fixed Rate Margin set forth in the Loan Agreement is hereby deleted in its entirety and replaced by the following:
Applicable Fixed Rate Margin means (i) prior to June 13, 2006, one and one-quarter percent (1.25%), and (ii) from and after June 13, 2006, one and three-tenths percent (1.30%).
Applicable Fixed Rate Margin as at any date of determination, shall be the rate per annum then applicable to Eurocurrency Rate Loans, determined in accordance with the provisions of Section 2.8(b).
Applicable Fixed Rate Margin means a rate per annum equal to either (i) two hundred eighty (280) basis points (2.8%) or (ii) three hundred (300) basis points (3%), as irrevocably specified by the Borrower in the notice of election of the Fixed Rate Option delivered pursuant to Section 1.6(e) hereof.