Applicable LIBO Margin definition

Applicable LIBO Margin means, in respect of Fixed Rate Advances at any date, (i) 1.350% per annum if the ratio of Total Liabilities to Gross Asset Value (expressed as a percentage) as of the last day of the Fiscal Quarter most recently ended is less than 50.0%, (ii) 1.500% per annum if the ratio of Total Liabilities to Gross Asset Value (expressed as a percentage) as of the last day of the Fiscal Quarter most recently ended is greater than or equal to 50.0% but less than 55.0%, (iii) 1.650% per annum if the ratio of the Total Liabilities to Gross Asset Value (expressed as a percentage) as of the last day of the Fiscal Quarter most recently ended is greater than or equal to 55.0% but less than 60.0%, or (iv) 1.800% per annum if none of clause (i), (ii) or (iii) applies (including if the Pricing Certificate showing that any of clause (i), (ii) or (iii), as the case may be, is satisfied is not delivered when required hereby), provided in the case of any of clause (i), (ii) or (iii), at least four Business Days shall have expired from the day on which the Borrower shall have delivered a Pricing Certificate showing that any of clause (i), (ii) or (iii) is satisfied and provided, further, that any change in the Applicable LIBO Margin resulting from the change in the ratio of Total Liabilities to Gross Asset Value shall not take effect until the fifth Business Day after the Pricing Certificate with respect to a Fiscal Quarter is (or is required to be) delivered.

Applicable LIBO Margin means a rate per annum determined for each day in accordance with the Pricing Schedule.

Applicable LIBO Margin means 1.10%. ---------------------- "Assignee" or "Assignees" shall have the meaning set forth in Section 12.2 -------- --------- hereof.

Examples of Applicable LIBO Margin in a sentence

• The Borrower may elect that the Revolving Loans comprising each borrowing bear interest at a rate per annum equal to: the ABR plus the Applicable ABR Margin; or the Adjusted LIBO Rate plus the Applicable LIBO Margin.

• Accordingly, all references in the Loan Agreement to LIBO Rate Loans, Adjusted LIBO Rate, Applicable LIBO Margin and LIBO Base Rate are hereby deleted.

• The Borrower may elect that the Term Loans comprising each borrowing bear interest at a rate per annum equal to: the ABR plus the Applicable ABR Margin; or the Adjusted LIBO Rate plus the Applicable LIBO Margin.

• Each Term Note shall bear ------------------------------- interest, subject to the provisions of Section 10.14 hereof, until its Maturity on the principal amount thereof from time to time outstanding at an annual rate elected by the Borrower in accordance with the notice provisions set forth in Section 2.3 hereof equal to either (a) the Prime Rate or (b) the Adjusted LIBO Rate plus the Applicable LIBO Margin or (c) the Cost of Funds plus the Applicable Cost of Funds Margin..

• Each Term Note shall bear ------------------------------- interest, subject to the provisions of Section 10.14 hereof, until its Maturity on the principal amount thereof from time to time outstanding at an annual rate elected by the Borrower issuing such term Note in accordance with the notice provisions set forth in Section 2.3 hereof equal to either (a) the Prime Rate or (b) the Adjusted LIBO Rate plus the Applicable LIBO Margin or (c) the Cost of Funds plus the Applicable Cost of Funds Margin..

More Definitions of Applicable LIBO Margin

Applicable LIBO Margin means, for any Payment Period (as ---------------------- defined under the definition of "Pricing Level"), the respective rates indicated below for Revolving Credit Loans and Term Loans which are LIBO Rate Loans opposite the applicable Pricing Level indicated below for such Payment Period (or as provided in the final paragraph of this definition, for part of a Payment Period): Pricing Level Applicable LIBO ------------- --------------- Margin (percent per annum) ------

Applicable LIBO Margin means, (a) for the period commencing ---------------------- with the Amendment No. 6 Effective Date and ending March 31, 2002, for any Payment Period during such period, the respective rates indicated below for Revolving Credit Loans and Term Loans which are LIBO Rate Loans opposite the applicable Pricing Level indicated below for such Payment Period (or as provided in the final paragraph of this definition, for part of a Payment Period): Pricing Level Applicable LIBO Margin ------------- ----------------------- (percent per annum)

Applicable LIBO Margin means 4.0% per annum.

Applicable LIBO Margin means, with respect to each Tranche of Term Loans, a percentage determined in accordance with the pricing grid set forth immediately below: Pricing Level I Pricing Level II Pricing Level III Pricing Level IV Pricing Level V ³BBB+/ Baa1/BBB+ BBB/ Xxx0/XXX XXX-/ Xxx0/XXX- XX+/ Xx0/XX+ £BB/ Ba2/BB 3-Year Tranche 1.000% 1.125% 1.250% 1.750% 2.000% 5-Year Tranche 1.125% 1.250% 1.375% 2.000% 2.250% The foregoing pricing shall be based on the senior, unsecured non-credit enhanced long-term indebtedness for borrowed money of (x) prior to the assignment of such ratings for Holdco, Maui and (y) thereafter, Holdco, in each case, issued by Xxxxx’x, S&P and Fitch (the “Public Debt Ratings”). Split ratings shall be addressed in a manner consistent with the Existing Credit Agreement.

Applicable LIBO Margin means a percentage determined in accordance with the pricing grid set forth immediately below: Pricing Level I Pricing Level II Pricing Level III Pricing Level IV Pricing Level V ³BBB+/ Baa1/BBB+ BBB/ Xxx0/XXX XXX-/ Xxx0/XXX- XX+/ Xx0/XX+ £BB/ Ba2/BB

Applicable LIBO Margin means (a) 3.75% with respect to such portion ---------------------- of the LIBO Rate Loans that are Revolving Credit Loans as is equal to the then existing Excess Amount (as defined in Section 1 of Amendment No. 4 and whether or not the amount thereof at any time of reference complies with the requirements of the proviso contained in the definition thereof), (b) 1.50% in the case of all other LIBO Rate Loans that are also Revolving Credit Loans, and (c) 1.50% in the case of any LIBO Rate Loan that is a Term Loan.

Applicable LIBO Margin means 2.75%.”