Applicable Increment definition

Applicable Increment means, with respect to the applicable Interest Period, the number of basis points to be added to the LIBOR Rate to calculate the LIBOR Adjusted Rate, as determined under Section 2.14.

Applicable Increment which appears in section 2.06 of the Credit Agreement is amended to read in its entirety as follows:

Applicable Increment for any Interest Period shall be equal to the percentage rate per annum shown in the Pricing Grid below in the column entitled Applicable Increment corresponding to the ratio of the Borrower's Consolidated Total Debt to the sum of the Borrower's Consolidated Total Debt plus Consolidated Net Worth as of the end of the Borrower's fiscal quarter ended most recently prior to such Interest Period as to which the Borrower shall have delivered to the Agent the financial statements for such quarter (or the fiscal year ended with such fiscal quarter) referred to in clause (a) or (b) of section 5.01, together with an Officer's Certificate setting forth in reasonable detail the amounts of Consolidated Total Debt and Consolidated Net Worth and the computation of such ratio.

Examples of Applicable Increment in a sentence

• The Companies, the Lenders and the Agent hereby agree that, effective as of October 1, 2003: (a) each Applicable Fee Percentage set forth in the definition of the term "Applicable Fee Percentage" in the Financing Agreement shall be increased by .25%; and each Applicable Increment set forth in the definition of the term "Applicable Increment" in the Financing Agreement shall be increased by .25%.

• The Applicable Increment shall be determined for each Interest Period on the first day of such Interest Period as follows: If Debtor's TL/TA ratio is greater than or equal to 0.5, the Applicable Increment shall be 175 basis points; If Debtor's TL/TA ratio is less than 0.5 but equal to or greater than 0.4, the Applicable Increment shall be 165 basis points; If Debtor's TL/TA ratio is less than 0.4, the Applicable Increment shall be 150 basis points.

• In the event of any change in the Base Rate, the rate hereunder with respect to Base Rate Loans shall change, as of the date of such change, so as to remain equal to the Applicable Increment plus the new Base Rate then in effect.

• A “Voter Registration” form must be provided whenever a client chooses to register to vote.

• The term "Applicable Increment" means the additional amount of basis points added to the Adjusted LIBOR Rate for purposes of determining the Eurodollar Rate for any applicable Interest Period.

More Definitions of Applicable Increment

Applicable Increment with respect to an Originated Financing Contract means the percentage set forth on the GE Rate Sheets (as such rate sheets are in effect on the date such Originated Financing Contract is funded by GE) that is applicable based on the transaction size, Obligor credit rating under the Credit Approval Policy then in effect (as determined by GE), term, Equipment type and other factors with respect to such Originated Financing Contract contemplated by the GE Rate Sheets.

Applicable Increment set forth in Section 1 of the Financing Agreement shall be amended and restated in their entirety as follows: Applicable Fee Percentage shall mean on, any date of determination, with respect to the Letter of Credit Guaranty Fee, the applicable rate per annum set forth in the definition of Applicable Increment, under the applicable caption. Applicable Increment shall mean, on any date of determination, with respect to any Revolving Loan, Term Loans or Letter of Credit, the applicable rate per annum as follows:

Applicable Increment means, on any date of determination, with respect to any Prime Rate Loan or any Eurodollar Rate Loan, the applicable percentage set forth below under the applicable caption, based upon the Leverage Ratio corresponding thereto for the period of four (4) consecutive Fiscal Quarters ending immediately prior to such date of determination. The Applicable Increment shall apply during the period commencing on the first day of the month following the month during which Lender shall have received the financial statements required to be delivered pursuant to Section 9.6(a)(ii) for any referenced period of four (4) consecutive Fiscal Quarters, and ending on the last day of the month during which Lender shall have received such financial statements for the next succeeding period of four (4) consecutive Fiscal Quarters, provided, however, that until such time as the Lender receives the financial statements required to be delivered pursuant to Section 9.6(a)(ii) for the period of four (4) consecutive Fiscal Quarters ending on the Saturday closest to July 31, 2001, the Applicable Increment shall be those set forth below opposite Case 2. Leverage Ratio Applicable Increment for Prime Applicable Increment for Rate Loans Eurodollar Rate Loans Case 1 .00% 1.50% Case 2 .00% 1.75% Case 3 .00% 2.00% Case 4 .25% 2.25%

Applicable Increment. Case 1", "Case 2", "Case 3", "Case 4", "Case 5", "Case 6", "Case 7" and "Line of Credit Fee", by substituting the following definitions in lieu thereof and by adding the terms "Motor Sports Division", "Motor Sports Division Report", "Second Amendment", and "Second Amendment Closing Date", and the following definitions thereof, each in the appropriate alphabetical order:

Applicable Increment means on any date of determination, with respect to any Revolving Loan bearing interest based on the Base Rate or LIBOR, or any portion of the Term Loan bearing interest based on the Base Rate or LIBOR, the applicable rate per annum set forth below under the applicable caption, based upon the Fixed Charge Coverage Ratio corresponding thereto for the period of four consecutive Fiscal Quarters ending immediately prior to such date of determination. The Applicable Increment shall apply during the period commencing on the first day of the month following the month during which the Agent shall have received the financial statements required to be delivered pursuant to Section 8.01 for any referenced Fiscal Quarter, and ending on the last day of the month during which the Agent shall have received such financial statements for the next succeeding Fiscal Quarter:

Applicable Increment means, with respect to the applicable Interest Period, the number of basis points to be added to the LIBOR

Applicable Increment means the additional amount of basis points added to the Adjusted LIBOR Rate for purposes of determining the Eurodollar Rate for any applicable Interest Period. The "Applicable Increment" shall be determined for each Interest Period on the first day of such Interest Period as follows: