Applicable LIBOR Margin definition

Applicable LIBOR Margin means the per annum interest rate from time to time in effect and payable in addition to the LIBOR Rate applicable to the Revolving Loan, as determined by reference to Section 1.5(a).

Applicable LIBOR Margin means, at any date:

Applicable LIBOR Margin means, at any date, with respect to each LIBOR Loan, 5.50% per annum.

Examples of Applicable LIBOR Margin in a sentence

• Borrower shall pay interest on the unpaid principal amount of each LIBOR Loan outstanding from time to time, from the date thereof until paid, at the Derived LIBOR Rate, fixed in advance for each Interest Period (but subject to changes in the Applicable LIBOR Margin) as herein provided for each such Interest Period.

• If there is any change in the Applicable LIBOR Margin during any quarter, the daily maximum amount of each Revolving Letter of Credit shall be computed and multiplied by the Applicable LIBOR Margin separately for each period during such quarter that such Applicable LIBOR Margin was in effect.

• Interest shall accrue and be payable on each Loan made as a LIBOR Loan at a per annum interest rate equal to the LIBOR Basis applicable to such LIBOR Loan plus the Applicable LIBOR Margin.

• If Borrower shall fail to select a LIBOR Interest Period the unpaid principal balance of this Note shall bear interest at LIBOR plus the Applicable LIBOR Margin for successive LIBOR Interest Periods of one month each until Borrower selects another LIBOR Interest Period in accordance with the terms hereof.

• Agent shall determine the rate equal to the Applicable LIBOR Margin per annum above the LIBOR Rate which will be in effect during such Interest Period and inform Borrower of such determination (which determination shall be conclusive and binding upon Borrower absent manifest error).

More Definitions of Applicable LIBOR Margin

Applicable LIBOR Margin means, at any date, (a) with respect to each LIBOR Loan that is a Term Loan, 2.50% per annum and (b) with respect to each LIBOR Loan that is a Revolving Credit Loan or a Swingline Loan, the applicable percentage per annum set forth below based upon the Status in effect on such date: Level I Status 2.875 % Level II Status 2.625 % Level III Status 2.500 % Level IV Status 2.500 %

Applicable LIBOR Margin means:

Applicable LIBOR Margin means, with respect to Libor Loans, an amount equal to four hundred fifty (450) basis points.

Applicable LIBOR Margin shall have the meaning set forth in the definition of Applicable Margin.

Applicable LIBOR Margin means, on any specific date, with respect to any amount outstanding under the Revolving Loans or Term Loans, as the case may be, which are LIBOR Loans, the rate of interest per annum determined as set forth below:

Applicable LIBOR Margin means, at any date, with respect to each LIBOR Loan that is a Series 2024 Revolving Credit Loan, the applicable percentage per annum set forth below based upon the Status in effect on such date. Level I Status 2.50 % Level II Status 2.25 % Level III Status 2.00 % Level IV Status 1.75 % Notwithstanding the foregoing, Level II Status shall apply during the period from and including the Closing Date to, but excluding, the Trigger Date. The Applicable LIBOR Margin for any Term Loan shall be set forth in the respective Joinder Agreement.

Applicable LIBOR Margin means that as set forth in Section 2.03(a)(ii) hereof.