Applicable Interest Margin means:
Applicable Interest Margin. The margin above or below the applicable LIBOR Rate or Prime Rate, as appropriate, as determined from the Pricing Grid, in order to determine the applicable interest rate for advances under the Line of Credit or to determine the applicable fee for Letters of Credit or the Existing Letter of Credit. The Applicable Interest Margin shall be determined quarterly as of the last day of each fiscal quarter of the Company using a Rolling Four-Quarter Basis and shall be based on the Company’s Leverage Ratio as indicated by the levels on the Pricing Grid.
Applicable Interest Margin. The term "Applicable Interest Margin" shall mean that percentage interest rate per annum of 2.50% added on to the "LIBOR Index Rate" as defined herein. AFCO, INC. The term "AFCO, Inc." means Autoparts Finance Company, Inc., (TIN: 51-0000000), x Delaware corporation, World Houston Plaza, 15710 John X. Xxxxxxx Xxxxxxxxx, Xxxxx 000, Xxxxxxx, XX 00000-0000, xxs successors and assigns.
Examples of Applicable Interest Margin in a sentence
If and to the extent that any such reimbursement shall not have been made to the Administrative Agent, the Borrower agrees to repay to the Administrative Agent forthwith on demand a corresponding amount with interest thereon for each day from the date such amount is made available to the Borrower until the date such amount is repaid to the Administrative Agent at the Base Rate plus the Applicable Interest Margin for Base Rate Loans which are Revolving Credit Loans.
One difference between the two systems is that the economic justification of each Heritage Gas project is subject to scrutiny, whereas EGNB uses a portfolio approach.
Interest was fixed at LIBOR or ABR plus the Applicable Interest Margin.
If a Pricing Event has occurred, then the rate of interest applicable to LIBOR Rate Loans made thereafter shall bear interest under the LIBOR Rate Option plus the Applicable Interest Margin as determined based on the Pricing Grid.
The date of the postmark, fac- simile transmittal, email communica- tion, or electronic submission will be considered to be the date of filing; if the petition is filed in person, by hand- delivery or other means, the petition is considered filed upon receipt.
More Definitions of Applicable Interest Margin
Applicable Interest Margin means, with respect to any A Advance which is a LIBOR Rate Advance and for any period during which such Applicable Interest Margin shall be in effect, the percentage amount set forth in the appropriate column in the table below, relating to the applicable Leverage Ratio. The Agent shall determine the Applicable Interest Margin based upon the most recent quarterly or year-end financial statements delivered to the Agent pursuant to Sections 5.1(a) and (b). Any adjustments to the Applicable Interest Margin shall become effective three Business Days following the date of delivery of such financial statements to the Agent or, if the financial information required for such determination is according to regular practice made public prior to such date, three Business Days after the date such financial information is made public. Upon any change in the Applicable Interest Margin, the Agent shall promptly notify the Borrower and the Banks of the new Applicable Interest Margin. Document #0021220 2 Level I Level II Level III Level IV Level V Leverage Ratio Less than 40% Equal to or Equal to or Equal to or Equal to or greater than 40% greater than 45% greater than 55% greater than 60% but less than but less than but less than 60% 45% 55% Applicable Facility 9.0 10.0 12.5 17.5 25.0 Fee: (in basis points) Applicable Interest Margin: 23.5 25.0 27.5 32.5 50.0 (in basis points) For example, if the Leverage Ratio is less than 40%, the Applicable Facility Fee is 9/100 of one percent.
Applicable Interest Margin two hundred seventy-five (275) basis points.
Applicable Interest Margin means a percentage determined pursuant to the following grid: Consolidated Net Indebtedness Eurodollar Loan Applicable to Consolidated Base Rate Loan Interest EBITDA Ratio Applicable Interest Margin Margin ------------ -------------------------- ------ Greater than 3.5:1 2.50% 3.75% Greater than 3.0:1, but 2.25% 3.50% Less than or equal to 3.5:1 Greater than 2.5:1, but 2.00% 3.25% Less than or equal to 3.0:1 Greater than 2.0:1, but 1.75% 3.00% Less than or equal to 2.5:1 Less than or equal to 2.0:1 1.50% 2.75%
Applicable Interest Margin means (i) for the period beginning on the date of this Agreement and ending on the day on which is delivered to each Lending Entity the statement of income, balance sheet and certificate required pursuant to clauses (i), (ii) and (iv) of Section 7h with respect to the fiscal quarter of the Borrower containing the date that is the six-month anniversary of the date that the first Loan is made, 2% and (ii) for each day thereafter, the applicable margin corresponding to the ratio of Consolidated Total Debt to (A) in the case of any such day contained in the fiscal quarter of the Borrower ending the last Saturday in September, 1999, two times Consolidated Adjusted EBITDA for the two fiscal quarters of the Borrower ending June 30, 1999, (B) in the case of any such day contained in the fiscal quarter of the Borrower ending December 31, 1999, one and one-third times Consolidated Adjusted EBITDA for the three fiscal quarters of the Borrower ending the last Saturday in September, 1999 and (C) in the case of any such day thereafter, Consolidated Adjusted EBITDA for the four fiscal quarters of the Borrower preceding the fiscal quarter of the Borrower containing such day, as set forth below: ============================================================================ Applicable Margin Applicable Margin Ratio of Consolidated for Libor Rate for Marine Prime Rate Total Debt/Consolidated Balances Balances Adjusted EBITDA ---------------------------------------------------------------------------- Greater than 4.0 2.25% 1.25% ---------------------------------------------------------------------------- Greater than 3.5 and equal to or less than 4.0 2.00% 1.00% ---------------------------------------------------------------------------- Greater than 3.0 and equal to or less than 3.5 1.75% 0.75% ---------------------------------------------------------------------------- Greater than 2.5 and equal to or less than 3.0 1.50% 0.50% ---------------------------------------------------------------------------- Equal to or less than 2.5 1.25% 0.25% ============================================================================
Applicable Interest Margin means, as of any date, the applicable margin set forth below based on the ratio of Funded Debt to 12-month EBITDA determined by means of the Pricing Certificate to be delivered by Borrower to Bank pursuant to Section 4.3(d) hereof from time to time. -------------------------------------------------------------------------------- Level Funded Debt to EBITDA Ratio Applicable Interest Margin ----- --------------------------- -------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 1 *2.00:1.00 1.00% per annum -------------------------------------------------------------------------------- 2 # or =2.00:1.00 but *4.00:1.00 2.00% per annum -------------------------------------------------------------------------------- 3 # or =4.00:1.00 but *6.00:1.00 3.00% per annum -------------------------------------------------------------------------------- 4 # or =6.00:1.00 4.00% per annum -------------------------------------------------------------------------------- * Less than # Greater than The Applicable Interest Margin shall adjust, if applicable, each time Bank receives a Pricing Certificate pursuant to Section 4.3(d), on the third business day after such receipt, and the adjusted Applicable Interest Margin shall apply to each advance then outstanding or thereafter made by Bank under the Line of Credit until the Applicable Interest Margin is readjusted thereafter; provided, however, that (i) from and including the date hereof to but excluding the third business day after the day on which Bank receives a Pricing Certificate for the period ending on September 27, 2002 (EBITDA for which period shall be calculated by annualizing EBITDA for the nine fiscal months ending on that date), the Applicable Interest Margin shall be 4.00% per annum and (ii) if at any time Borrower fails to deliver a Pricing Certificate as required by Section 4.3(d), the Applicable Interest Margin shall be 4.00% per annum until Borrower delivers a Pricing Certificate as so required.
Applicable Interest Margin means, for any LIBOR Borrowing or Prime Rate Borrowing and as of any date of its determination:
Applicable Interest Margin means 2.25%