Applicable Margin – Ratio definition
Applicable Margin – Ratio means, as of any date, the ratio of (a) the Total Debt of the Borrower and its Restricted Subsidiaries on a consolidated basis on such date to (b) the product of (i) Operating Cash Flow of the Borrower and its Restricted Subsidiaries, for the most recently completed fiscal quarter times (ii) four (4).
Applicable Margin – Ratio the ratio of Total Debt as of the last day of any quarter to the Adjusted Annualized Operating Cash Flow of Borrowers for the period ending on such day.
Applicable Margin – Ratio means, with respect to a particular Class and Type of Loans, the percentage rate set forth below corresponding to the ratio of Total Liabilities to Total Asset Value as determined in accordance with Section 10.1(a); provided that it is understood and agreed that the “Applicable Margin” with respect to any Term Loans shall be as set forth for such Term Loans in the applicable Incremental Joinder Agreement for such Term Loans: Revolving Loan (any Class) - LIBOR Loan and Multicurrency Loan Applicable Margin 1.05% 1.10% 1.20% 1.25% 1.30% 1.50% Revolving Loan (any Class) - Base Rate Loan Applicable Margin 0.10% 0.15% 0.20% 0.25% 0.30% 0.50% The Applicable Margin - Ratio for Loans shall be determined by the Administrative Agent from time to time, based on the ratio of Total Liabilities to Total Asset Value as set forth in the Compliance Certificate most recently delivered by the Borrower pursuant to Section 9.3. Any adjustment to the Applicable Margin - Ratio shall be effective as of the first day of the calendar month immediately following the month during which the Borrower delivers to the Administrative Agent the applicable Compliance Certificate pursuant to Section 9.3. If the Borrower fails to deliver a Compliance Certificate pursuant to Section 9.3, the Applicable Margin – Ratio shall equal the percentage corresponding to Level VI until the first day of the calendar month immediately following the month that the required Compliance Certificate is delivered. Notwithstanding the foregoing, for the period from the Agreement Date through, but excluding the date on which the Administrative Agent first determines the Applicable Margin - Ratio for each Class of Loans as set forth above, the Applicable Margin - Ratio shall be determined based on the Compliance Certificate delivered pursuant to Section 6.1(a)(ix). Thereafter, such Applicable Margin - Ratio shall be adjusted from time to time as set forth in this definition. The provisions of this definition shall be subject to Section 2.6(c). During any applicable Sustainability Adjustment Period, the Applicable Margin set forth in the table above shall be decreased by the Applicable Sustainability Adjustment (if any) in effect during such Sustainability Adjustment Period; provided that in no event shall the Applicable Margin be less than zero.
More Definitions of Applicable Margin – Ratio
Applicable Margin – Ratio means, with respect to a particular Class and Type of Loans, the percentage rate set forth below corresponding to the ratio of Total Liabilities to Total Asset Value as determined in accordance with Section 10.1(a) :
Applicable Margin – Ratio means, with respect to a particular Class and Type of Loans, the percentage rate set forth below corresponding to the ratio of Total Liabilities to Total Asset Value as determined in accordance with Section 10.1(a); provided that it is understood and agreed that the “Applicable Margin” with respect to any Term Loans
Applicable Margin – Ratio means the percentage rate set forth below corresponding to the ratio of Total Liabilities to Total Asset Value as determined in accordance with Section 10.1(a): Revolving Loan - LIBOR Loan Applicable Margin 1.15 % 1.20 % 1.25 % 1.30 % 1.55 % Revolving Loan - Base Rate Loan Applicable Margin 0.15 % 0.20 % 0.25 % 0.30 % 0.55 % Term Loan - LIBOR Loan Applicable Margin 1.30 % 1.35 % 1.45 % 1.60 % 1.90 % Term Loan - Base Rate Loan Applicable Margin 0.30 % 0.35 % 0.45 % 0.60 % 0.90 % The Applicable Margin - Ratio for Loans shall be determined by the Administrative Agent from time to time, based on the ratio of Total Liabilities to Total Asset Value as set forth in the Compliance Certificate most recently delivered by the Borrower pursuant to Section 9.3. Any adjustment to the Applicable Margin - Ratio shall be effective as of the first day of the calendar month immediately following the month during which the Borrower delivers to the Administrative Agent the applicable Compliance Certificate pursuant to Section 9.3. If the Borrower fails to deliver a Compliance Certificate pursuant to Section 9.3, the Applicable Margin – Ratio shall equal the percentage corresponding to Level V until the first day of the calendar month immediately following the month that the required Compliance Certificate is delivered. Notwithstanding the foregoing, for the period from the Agreement Date through, but excluding the date on which the Administrative Agent first determines the Applicable Margin - Ratio for Loans as set forth above, the Applicable Margin – Ratio shall be determined based on the Compliance Certificate delivered pursuant to Section 6.1(a)(ix). Thereafter, such Applicable Margin - Ratio shall be adjusted from time to time as set forth in this definition. The provisions of this definition shall be subject to Section 2.6(c).
Applicable Margin – Ratio means, with respect to a particular Class and Type of Loans, the percentage rate set forth below corresponding to the ratio of Total Liabilities to Total Asset Value as determined in accordance with Section 10.1(a): Leverage Ratio < 40% ³ 40% < 45% ³ 45% < 50% ³ 50% < 55% ³ 55% < 60% > 60% Revolving Loan - LIBOR Loan Applicable Margin 1.15 % 1.20 % 1.25 % 1.30 % 1.55 % 1.85 % Revolving Loan - Base Rate Loan Applicable Margin 0.15 % 0.20 % 0.25 % 0.30 % 0.55 % 0.85 % 5-Year Term Loan - LIBOR Loan Applicable Margin 1.30 % 1.35 % 1.45 % 1.60 % 1.90 % 2.20 % 5-Year Term Loan - Base Rate Loan Applicable Margin 0.30 % 0.35 % 0.45 % 0.60 % 0.90 % 1.20 % 7-Year Term Loan - LIBOR Loan Applicable Margin 1.60 % 1.65 % 1.80 % 1.95 % 2.25 % 2.55 % 7-Year Term Loan - Base Rate Loan Applicable Margin 0.60 % 0.65 % 0.80 % 0.95 % 1.25 % 1.55 % The Applicable Margin - Ratio for Loans shall be determined by the Administrative Agent from time to time, based on the ratio of Total Liabilities to Total Asset Value as set forth in the Compliance Certificate most recently delivered by the Borrower pursuant to Section 9.3. Any adjustment to the Applicable Margin - Ratio shall be effective as of the first day of the calendar month immediately following the month during which the Borrower delivers to the Administrative Agent the applicable Compliance Certificate pursuant to Section 9.3. If the Borrower fails to deliver a Compliance Certificate pursuant to Section 9.3, the Applicable Margin – Ratio shall equal the percentage corresponding to Level VI until the first day of the calendar month immediately following the month that the required Compliance Certificate is delivered. Notwithstanding the foregoing, for the period from the Agreement Date through, but excluding the date on which the Administrative Agent first determines the Applicable Margin - Ratio for each Class of Loans as set forth above, the Applicable Margin - Ratio shall be determined based on the Compliance Certificate delivered pursuant to Section 6.1(a)(ix). Thereafter, such Applicable Margin - Ratio shall be adjusted from time to time as set forth in this definition. The provisions of this definition shall be subject to Section 2.6(c).
Applicable Margin – Ratio means, as of any date, the ratio of (a) the ----------------------- Senior Debt on such date to (b) Annualized Operating Cash Flow.
Applicable Margin – Ratio means the ratio of Funded Debt at the end of the most recently completed fiscal quarter to EBITDA for the period of the four (4) then most recently completed fiscal quarters, calculated pursuant to SECTIONS 2.04(a)(ii)(iii) and 2.06(ii)(iii) respectively.
Applicable Margin – Ratio means (i) as of the date of this Amendment, 3.75; (ii) beginning on April 1, 1999 and ending ten (10) Business Days after receipt by the Agent of the quarterly financial statements described in Section 5.01 for the fiscal quarter ending March 31, 1999, 4.25; and (iii) thereafter, the ratio of Funded Debt at the end of the most recently completed fiscal quarter to EBITDA for the period of the four (4) then most recently completed fiscal quarters, calculated pursuant to SECTIONS 2.04(A)(II)(III), 2.06(II)(III), and 2.08(II)(III) respectively."