Applicable Margin for Eurocurrency Rate Advances definition

Applicable Margin for Eurocurrency Rate Advances means, as of any date, the Applicable All in Drawn LIBOR Spread less the Applicable Percentage.
Sample 1Sample 2
Applicable Margin for Eurocurrency Rate Advances means, as of any date, the Applicable All in Drawn LIBOR Spread less the Applicable Percentage. If the CDX Index is unavailable on the date of determination, the Applicable All In Drawn LIBOR Spread will be calculated using the CDX Index in effect on the day immediately prior to the unavailability of the CDX Index unless and until the Borrower and the Required Lenders agree on an alternative method of calculating the Applicable Margin for Eurocurrency Rate Advances.
Sample 1
Applicable Margin for Eurocurrency Rate Advances means, as of any date, the percentages per annum based upon the Debt Rating as set forth below: Pricing Level Debt Rating Applicable Margin for Eurocurrency Rate Advances 1 > AA-/Aa3 0.750% 2 A+/A1 0.875% 3 A/A2 1.000% 4 A-/A3 1.125% 91839933_4 Pricing Level Debt Rating Applicable Margin for Eurocurrency Rate Advances 5 BBB+/Baa1 1.250% 6 < BBB/Baa2 1.500% Where,
Sample 1

Examples of Applicable Margin for Eurocurrency Rate Advances in a sentence

  • The Borrower agrees to pay to the Administrative Agent for the pro rata benefit of the Lenders letter of credit fees in respect of all Letters of Credit outstanding at a rate per annum equal to the Applicable Margin for Eurocurrency Rate Advances calculated on the maximum amount available from time to time to be drawn under such outstanding Letters of Credit.

  • A rate per annum equal at all times to the sum of (w) the Federal Funds Rate in effect from time to time plus (x) 0.50% per annum plus (y) the Applicable Margin for Eurocurrency Rate Advances in effect from time to time, payable in arrears the date such Swing Line Advance shall be paid in full.

  • During such periods as such Revolving Credit Advance is a Eurocurrency Rate Advance, a rate per annum equal at all times during each Interest Period for such Advance to the sum of (A) the Eurocurrency Rate for such Interest Period for such Advance plus (B) the Applicable Margin for Eurocurrency Rate Advances, payable in arrears on each Interest Payment Date with respect to such Eurocurrency Rate Advance.

  • The Borrower agrees to pay to the US Administrative Agent for the pro rata benefit of the Primary Lenders issuance fees in respect of all Primary Letters of Credit outstanding at a rate per annum equal to the Applicable Margin for Eurocurrency Rate Advances calculated on the maximum amount available from time to time to be drawn under such outstanding Letters of Credit.

  • A rate per annum equal at all times to the sum of (w) the Federal Funds Rate in effect from time to time plus (x) 0.50 % per annum plus (y) the Applicable Margin for Eurocurrency Rate Advances in effect from time to time plus (z) the Applicable Utilization Fee in effect from time to time, payable in arrears the date such Swing Line Advance shall be paid in full.

  • The Borrower shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage, in Dollars, (i) a per annum letter of credit fee for each Documentary Letter of Credit or Financial Letter of Credit equal to the Applicable Margin for Eurocurrency Rate Advances, and (ii) a per annum letter of credit fee for each Performance Letter of Credit equal to the Applicable Margin for Performance Letters of Credit.

  • For any period from and after the Amendment No. 1 Effective Date, the Borrower agrees to pay to the Administrative Agent for the pro rata benefit of the Lenders letter of credit fees in respect of all Letters of Credit outstanding at a rate per annum equal to the Applicable Margin for Eurocurrency Rate Advances calculated on the maximum amount available from time to time to be drawn under such outstanding Letters of Credit.

  • If such Advance is a Eurocurrency Rate Advance, a rate per annum equal to the Eurocurrency Rate for such Interest Period plus the Applicable Margin for Eurocurrency Rate Advances, payable in arrears on the last day of such Interest Period, and, in the case of Interest Periods of greater than three months, on each Business Day which occurs at three month intervals from the first day of such Interest Period.

  • The Borrower also agrees to pay to the Norwegian Administrative Agent for the pro rata benefit of the Norwegian Lenders issuance fees in respect of all Norwegian Letters of Credit outstanding at a rate per annum equal to the Applicable Margin for Eurocurrency Rate Advances calculated on the maximum amount available from time to time to be drawn under such outstanding Letters of Credit.

  • If such Advance is a Swingline Loan, a rate per annum for such Advance equal to the sum of the LIBOR Daily Floating Rate plus the Applicable Margin for Eurocurrency Rate Advances as in effect from time to time, payable in arrears on (i) if any Swingline Loan is outstanding on such date, the last Business Day of each March, June, September and December and (y) the date such Swingline Loan is required to be, or is, repaid in full.

Related to Applicable Margin for Eurocurrency Rate Advances

  • Eurocurrency Rate Advance means a Revolving Credit Advance denominated in Dollars or a Committed Currency that bears interest as provided in Section 2.07(a)(ii).

  • Eurodollar Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(ii).

  • LIBO Rate Advances means a Competitive Bid Advance denominated in Dollars or in any Foreign Currency and bearing interest based on the LIBO Rate.

  • LIBO Rate Advance means a Pro Rata Advance that bears interest as provided in Section 2.04(a)(ii).

  • Eurocurrency Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Eurodollar Rate Committed Loan means a Committed Loan that bears interest at a rate based on clause (a) of the definition of “Eurodollar Rate.”

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.

  • Eurodollar Rate Borrowing means a Borrowing comprised of Eurodollar Rate Loans.

  • Reference Rate Advance means an Advance which bears interest as provided in Section 2.09(a).

  • Eurodollar Rate Margin means the margin over the Eurodollar Rate used in determining the rate of interest of Eurodollar Rate Loans pursuant to subsection 2.2A.

  • Base Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(i).

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Eurodollar Margin means a rate per annum determined in accordance with the Pricing Schedule.

  • Eurocurrency Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Eurocurrency Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurocurrency Rate.

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • Applicable Eurodollar Rate Margin means, with respect to any Eurodollar Rate Advance, for each Pricing Period, the interest rate margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin II 125.0 III 175.0 IV 250.0

  • Fixed Rate Advances has the meaning specified in Section 2.03(a)(i).

  • LIBOR Rate Loans means the Loans bearing interest with reference to the LIBOR Rate.

  • Eurocurrency Base Rate means, with respect to a Eurocurrency Rate Advance for the relevant Interest Period:

  • Eurodollar Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurodollar Rate.

  • Prime Rate Advance means an Advance that bears interest based at the Prime Rate.

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • Base Rate Loans Loans the rate of interest applicable to which is based upon the Base Rate.

  • Base Rate Revolving Loan means a Revolving Loan that is a Base Rate Loan.