Applicable Floating Rate Margin definition

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

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

Applicable Floating Rate Margin means, as at any date of determination, the rate per annum then applicable to Floating Rate Loans, determined in accordance with the provisions of SECTION 2.12(D)(II) hereof.

Examples of Applicable Floating Rate Margin in a sentence

• Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate or in the Applicable Floating Rate Margin.

• Applicable Floating Rate Margin, Applicable Eurocurrency Margin and Applicable Commitment Fee Percentage.

• Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Loan will take effect simultaneously with each change in the Alternate Base Rate and the Applicable Floating Rate Margin.

• The Applicable Floating Rate Margin and the Applicable Commitment Rate shall be adjusted, as applicable from time to time, effective on the first Business Day after any change in the Senior Debt Rating to the extent that such change in the Senior Debt Rating requires a corresponding change in the Applicable Floating Rate Margin.

• The Swing Line Loans shall bear interest at the Floating Rate plus the Applicable Floating Rate Margin.

More Definitions of Applicable Floating Rate Margin

Applicable Floating Rate Margin means, as at any date of determination, the rate per annum then applicable to Floating Rate Loans determined in accordance with the provisions of the Pricing Schedule hereto.

Applicable Floating 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 Floating Rate Margin means, as at any date of determination, the margin indicated in Section 2.11 as then applicable in the determination of the Floating Rate applicable to Floating Rate Advances and Swing Line Loans, provided, however, that, with respect to the first $25,000,000 of Floating Rate Advances (excluding Swing Line Loans) outstanding at any time, the Applicable Floating Rate Margin shall be zero (0).

Applicable Floating Rate Margin means initially a rate equal to 1.25% per annum until the last day of the fourth fiscal quarter of 1999. Thereafter, such rate will reset quarterly on the first day of each fiscal quarter, commencing with the first fiscal quarter of 2000, based upon the Leverage Ratio for the immediately preceding fiscal quarter, calculated as of the last day of such immediately preceding fiscal quarter for the twelve-month period then ended, as set forth below: If the Leverage Applicable Floating Ratio is: Rate Margin --------------- ------------------- Greater than 5.00 1.500% Greater than 4.00 but less than or equal to 5.00 1.350% Greater than 3.00 but less than or equal to 4.00 1.250%. Greater than 2.00 but less than or equal to 3.00 1.125% Less than or equal to 2.00 1.000%

Applicable Floating Rate Margin means 6.75 per cent. per annum, but if a Vendor Claim Event occurs, 9.25 per cent. per annum. The Applicable Floating Rate Margin following a Vendor Claim Event shall apply from and including the first Interest Payment Date occurring immediately prior to the Vendor Claim Event.

Applicable Floating Rate Margin means, as at any date of determination, the margin indicated in Section 2.11 as then applicable in the determination of the Floating Rate.

Applicable Floating Rate Margin means a rate equal to 2.50% per annum."