Applicable Margin Rate definition

Applicable Margin Rate means, as of any date of determination, a per annum rate equal to the rate set forth below opposite the then applicable Performance Level set forth below: Performance Level Applicable Margin Rate Level 1 0.000% Level 2 0.000% Level 3 0.0000%
Sample 1
Applicable Margin Rate means, for any day on or after November 14, 2001, the applicable rate per annum determined with reference to the Debt Coverage Ratio as of the then most recently ended fiscal quarter as set forth below under the caption "Margin": --------------------------------------------------------- Debt Coverage Ratio Margin --------------------------------------------------------- --------------------------------------------------------- > 3.00:1.00 0.60% --------------------------------------------------------- < 3.00:1.00, but > 2.50:1.00 0.20% --------------------------------------------------------- <2.50:1.00 0.00% --------------------------------------------------------- Each of the Co-Issuers hereby jointly and severally promises to pay to the Payee, to the extent permitted by law, interest on any overdue payment (including any overdue prepayment) of principal, interest or any Make-Whole Amount (as defined in the Note Purchase Agreements referred to below), payable as aforesaid (or, at the option of the registered holder hereof, on demand), at a rate per annum (the "Default Rate") from time to time equal to the greater of (i) 2% per annum plus the rate announced from time to time in the Wall Street Journal as the prime rate or (ii) 2% per annum plus the Coupon Rate plus the Applicable Margin Rate. Payments of principal of, interest on and any Make-Whole Amount with respect to this Note are to be made in lawful money of the United States of America at the office of Drew Industries Incorporated, 200 Mamaroneck Avenue, White Plains, New York 10601, or at such othxx xxxxxxxx xx xxxxxxxxxx xxxxx Xxxxxxx 00.0 xx xxx Note Purchase Agreements referred to below, in each case subject to the right of the registered holder hereof under said Note Purchase Agreements to receive direct payment in immediately available funds. This Note is one of a series of Senior Notes (herein called the "Notes") issued pursuant to separate Note Purchase Agreements, dated as of January 28, 1998 (as from time to time amended, the "Note Purchase Agreements"), between the Co-Issuers and the respective Purchasers named therein and is entitled to the benefits thereof. Each holder of this Note will be deemed, by its acceptance hereof, (i) to have agreed to the confidentiality provisions set forth in Section 22 of the Note Purchase Agreements and (ii) to have made the representation set forth in Section 7 of the Note Purchase Agreements. This Note is a registered Note and, as provided in the Note P...
Sample 1
Applicable Margin Rate means the applicable rate corresponding to such Eligible Collateral Asset and the Discount Margin thereof as set forth below: Asset Type Discount Margin Applicable Margin Rate provided that, the Discount Margin levels and Applicable Margin Rate percentages set fort h above with respect to Private Credit Loans shall be reset by the Adm inistrative Agent in its sole discretion (based on the inf orm ation provided in the m ost-recent Monthly Report), on a quarterly-basis as of (x) the fi rst Determ ination Date occurring after the Sixth Am endm ent Closing Date and (y) every third Determ ination Date thereafter, which reset levels and percentages may be set fort h via em ail or via a supplem ent to this Agreem ent and shall be effective as of the applicable Determ ination Date (it being understood that each such quarterly reset shall only apply to Eligible Collateral Assets acquired on and after the date of such quarterly reset and prior to the date of the next succeeding quarterly reset). If the Borrower (or the Collateral Manager on behalf of the Borrower) disputes the Discount Margin determ ination of any Collateral Asset determ ined by the Adm inistrative Agent pursuant to the preceding sentence, the Collateral Manager shall notif y the Adm inistrative Agent of such dispute at or before 2:00 p.m . on the second (2nd) Business Day to occur after the day on which the Collateral Manager receives a notice of the Adm inistrative Agent’s determ ination of the Discount Margin with respect to such Collateral Asset. Upon receipt of such notification, the Administrative Agent and the Collateral Manager shall consult with each other in an attem pt to resolve such dispute in a timely and reasonable manner.
Sample 1

Examples of Applicable Margin Rate in a sentence

  • For any Interest Period with respect to Adjusted C/D Rate Amounts, an interest rate per annum determined by the Agent pursuant to the following formula: Adjusted C/D = (Domestic C/D Rate) + Assessment + Applicable Margin Rate (1.00 - Reserve Rate Percentage) The components of the fraction used to calculate the Adjusted C/D Rate shall be rounded upward, if necessary, to the next higher 1/100 of 1%.

  • For any Interest Period with respect to Adjusted C/D Rate Amounts, an interest rate per annum determined by the Agent pursuant to the following formula: Adjusted C/D = (Domestic C/D Rate) + Assessment + Applicable Margin Rate (1.00 - Reserve Percentage) Rate The components of the fraction used to calculate the Adjusted C/D Rate shall be rounded upward, if necessary, to the next higher 1/100 of 1%.

  • All such capitalized amounts shall constitute principal of the Existing 2020 Term Loans and shall accrue interest at the Applicable Margin Rate, payable in accordance with this Section 2.06.

  • If such Loan is a Eurodollar Rate Loan, a rate per annum equal at all times during the Interest Period for such Loan to the sum of the Eurodollar Rate for such Interest Period plus the then effective Applicable Margin Rate, payable on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day which occurs during such Interest Period every three months from the first day of such Interest Period.

  • If such Syndicated Loan is a Eurocurrency Rate Loan, a rate per annum equal at all times during the Interest Period for such Loan to the sum of the Eurocurrency Rate for such Interest Period plus the then effective Applicable Margin Rate, payable on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day which occurs during such Interest Period every three months from the first day of such Interest Period.

  • For any Interest Period with respect to Adjusted C/D Rate Amounts, an interest rate per annum determined by the Agent pursuant to the following formula: Adjusted C/D = (Domestic C/D Rate) + Assessment + Applicable Margin Rate ------------------- Rate (1.00 - Reserve Percentage) The components of the fraction used to calculate the Adjusted C/D Rate shall be rounded upward, if necessary, to the next higher 1/100 of 1%.


More Definitions of Applicable Margin Rate

Applicable Margin Rate means the applicable rate corresponding to such Eligible Collateral Asset and the Discount Margin thereof as set forth below:
Sample 1
Applicable Margin Rate means, in respect of the calculation of interest on any Eurodollar Loans, 2.00%. "Authorized Control Level Risk-Based Capital" shall mean, with respect to any Subsidiary of the Borrower which is an insurance company, the number which appears on page 21 (Five-Year Historical Data, first of two pages), line 26, column 1 of such Person's most recently filed Convention Statement.
Sample 1

Related to Applicable Margin Rate

  • Applicable Margin means, with respect to Advances of any Type at any time, the percentage rate per annum which is applicable at such time with respect to Advances of such Type as set forth in the Pricing Schedule.

  • Applicable Margins means collectively the Applicable L/C Margin, the Applicable Unused Line Fee Margin, the Applicable Revolver Index Margin and the Applicable Revolver LIBOR Margin.

  • LIBOR Applicable Margin means, as of any date with respect to any LIBOR Interest Period, the Applicable Margin in effect for such LIBOR Interest Period as determined in accordance with Section 2.4 hereof.

  • LIBOR Rate Margin has the meaning set forth in the definition of Applicable Margin.

  • Applicable LIBOR Rate Margin means the following per annum percentages, applicable in the following situations:

  • 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.

  • 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:

  • Base Rate Margin has the meaning set forth in the definition of Applicable Margin.

  • Applicable Base Rate Margin means, on any day, a rate per annum equal to the higher of (a) the Applicable Eurocurrency Margin for such day minus 1.00% and (b) 0.00%.

  • LIBOR Margin has the meaning given that term in Section 2.2.(c)(ii)(D).

  • Applicable Prime Rate Margin shall have the meaning provided in section 2.7(g).

  • Applicable Interest Rate Margin means (a) as to any Base Rate Advance, the applicable rate per annum set forth below under the caption “Base Rate Spread” and (b) as to any LIBO Rate Advance, the applicable rate per annum set forth below under the caption “LIBO Rate Spread”, determined by reference to the higher of (i) the rating of Mondelēz’s long-term senior unsecured Debt from Standard & Poor’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Standard & Poor’s for Mondelēz) and (ii) the rating of Mondelēz’s long-term senior unsecured Debt from Moody’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Moody’s for Mondelēz), in each case on such date: A or higher by Standard & Poor’s A2 or higher by Moody’s 0.000 % 0.835 % A- by Standard & Poor’s A3 by Moody’s 0.000 % 0.940 % BBB+ by Standard & Poor’s Baa1 by Moody’s 0.045 % 1.045 % BBB by Standard & Poor’s Baa2 by Moody’s 0.150 % 1.150 % Lower than BBB by Standard & Poor’s Lower than Baa2 by Moody’s 0.250 % 1.250 % provided that if on any date of determination (x) a rating is available on such date from only one of Standard & Poor’s and Moody’s but not the other, the Applicable Interest Rate Margin shall be determined by reference to the then available rating; (y) no rating is available from either of Standard & Poor’s or Moody’s, the Applicable Interest Rate Margin shall be determined by reference to the rating of any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders and (z) no rating is available from any of Standard & Poor’s, Moody’s or any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders, the Applicable Interest Rate Margin shall be 0.250% as to any Base Rate Advance and 1.250% as to any LIBO Rate Advance.

  • Prime Rate Margin is one-half of one percent (0.50%).”

  • Floating Rate Margin means 7.50 per cent. per annum.

  • 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).

  • ABR Margin as defined in subsection 2.21.

  • Applicable ABR Margin means, at any date:

  • Applicable Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: II 10.0 V 17.5

  • Applicable Revolver 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 Utilization Fee Rate means, as of any date, the percentage rate per annum at which Utilization Fees accrue on all Revolving Credit Advances at such time as set forth in the Pricing Schedule.

  • Applicable Eurodollar Margin means, as at any date of determination, the rate per annum then applicable to Eurodollar Rate Loans determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • Applicable Unused Line Fee Margin means the per annum fee, from time to time in effect, payable in respect of Borrowers’ non-use of committed funds pursuant to Section 1.9(b), which fee is determined by reference to Section 1.5(a).

  • Applicable Commitment Fee Rate means the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Commitment Fee.”

  • Applicable Facility Fee Rate means, at any time, the percentage rate per annum at which Facility Fees are accruing on the Aggregate Commitment at such time as set forth in the Pricing Schedule.

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Obligations included in the Adjusted Aggregate Eligible Collateral Obligation Balance, the number obtained by (i) summing the products obtained by multiplying (a) the Advance Rate of each such Eligible Collateral Obligation by (b) such Eligible Collateral Obligation’s contribution to the Adjusted Aggregate Eligible Collateral Obligation Balance and (ii) dividing such sum by the Adjusted Aggregate Eligible Collateral Obligation Balance.

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