Applicable Offshore Rate Margin definition

Applicable Offshore Rate Margin means -------------------------------

Applicable Offshore Rate Margin see Schedule 1.01(a).

Applicable Offshore Rate Margin means 2.50% per annum.

Examples of Applicable Offshore Rate Margin in a sentence

• Each Revolving Loan denominated in a currency other than Dollars shall bear interest on the outstanding principal amount thereof from the applicable Borrowing Date at a rate per annum equal to the Offshore Rate plus the Applicable Offshore Rate Margin.

• Subject to subsection 2.6E, Pro Rata Loans shall bear interest through maturity (whether by acceleration or otherwise) at a per annum rate equal to the Base Rate in effect from time to time or at a per annum rate equal to the sum of the Offshore Rate for each Interest Period therefor PLUS the Applicable Offshore Rate Margin.

• Subsection 2.2A of the Credit Agreement is hereby amended by deleting the reference to "the Applicable Base Rate Margin, the Applicable Offshore Rate Margin and" contained in the last sentence of such subsection 2.2A.

• On each Interest Payment Date for Base Rate Committed Loans, the Company shall pay to Administrative Agent in arrears, for the account of each Bank in accordance with its Pro Rata Share, a Letter of Credit fee in an amount equal to the indicated Applicable Offshore Rate Margin TIMES the actual daily maximum amount available to be drawn under each Letter of Credit since the later of the Closing Date and the previous Interest Payment Date.

• Promptly, on the morning of June 30, 2020, Debtors’ counsel accepted service of the Subpoena, which required Debtors to provide responses and objections within ten days, or July 10, 2020 (the day after the Committee filed the instant Motion).

More Definitions of Applicable Offshore Rate Margin

Applicable Offshore Rate Margin see Section 3.1(c).

Applicable Offshore Rate Margin means (a) initially, 2.75% in the case of any Revolving Loan or Term A Loan bearing interest based on the Offshore Rate and 3.25% in the case of any Term B Loan bearing interest based on the Offshore Rate, and (b) on and after any date specified below on which the Applicable Offshore Rate Margin is to be adjusted, the rate per annum set forth in the table below for the applicable Loan opposite the applicable Leverage Ratio and Interest Coverage Ratio:

Applicable Offshore Rate Margin means (a) initially 2.00% and (b) on and after any date specified below on which the Applicable Offshore Rate Margin is to be adjusted the rate per annum set forth in the table below opposite the applicable Leverage Ratio: LEVERAGE RATIO APPLICABLE OFFSHORE RATE MARGIN -------------- ------------------------------- Less than 2.0 to 1.0 1.50% Less than 2.5 to 1.0 1.75% but greater than or equal to 2.0 to 1.0 Less than 3.0 to 1.0 2.00% but greater than or equal to 2.5 to 1.0 Less than 3.5 to 1.0 2.25% but greater than or equal to 3.0 to 1.0 Equal to or greater than 3.5 to 1.0 2.50% The Applicable Offshore Rate Margin shall be adjusted, to the extent applicable, 45 days (or, in the case of the last calendar quarter of any year, 90 days) after the end of each calendar quarter, based on the Leverage Ratio as of the last day of such quarter commencing with the calendar quarter ending December 26, 1998; it being understood that if the Company fails to deliver the financial statements required by subsection 8.1(a) or 8.1(b), as applicable, and the related Compliance Certificate required by subsection 8.2(b) by the 45th day (or, if applicable, the 90th day) after any calendar quarter, the Applicable Offshore Rate Margin shall be 2.50% for Loans bearing interest based on the Offshore Rate until such financial statements and Compliance Certificate are delivered.

Applicable Offshore Rate Margin. Commitment Fee Percentage", "Consolidated Leverage Ratio", "Eligible Accounts Receivable Value", "Eligible Inventory Value", "Inventory" and "Maximum Revolving Loan Commitments" are each hereby amended by deleting each definition in its entirety and substituting the following therefor:

Applicable Offshore Rate Margin means, as of any date of determination, a percentage per annum as set forth below opposite the applicable Consolidated Leverage Ratio: CONSOLIDATED LEVERAGE RATIO APPLICABLE OFFSHORE RATE MARGIN greater than or equal to 4.00:1.00 3.25% less than 4.00:1.00 3.00% but greater than or equal to 3.50:1.00 less than 3.50:1.00 2.75% but greater than or equal to 3.00:1.00 less than 3.00:1.00 2.50% ; PROVIDED that until adjusted in accordance with the provisions of subsection 2.2A, the Applicable Offshore Rate Margin shall be 3.25% per annum effective on the Second Amendment Effective Date.

Applicable Offshore Rate Margin means, subject to the last sentence of this definition, for any period, the applicable of the following percentages in effect with respect to such period as the Leverage Ratio of the Company shall fall within the indicated ranges: Applicable Offshore Applicable Offshore Rate Margin (in basis Rate Margin (in basis points) for Revolving points) for Term Leverage Ratio Loans and Term Loan A Loan B --------------- --------------------- ------ Less Greater Than Than or Equal to ---- ----------- 1.5:1.0 ---- 100.0 250.0 2.0:1.0 1.5:1.0 112.5 250.0 2.5:1.0 2.0:1.0 137.5 250.0 3.0:1.0 2.5:1.0 162.5 250.0 3.5:1.0 3.0:1.0 187.5 250.0 4.0:1.0 3.5:1.0 212.5 250.0 ---- 4.0:0.1 250.0 250.0 The Leverage Ratio shall be calculated by the Company as of the end of each fiscal quarter, commencing with the fiscal quarter ending September 30, 2000, and shall be reported to the Agent pursuant to a Compliance Certificate executed by a Responsible Officer of the Company and delivered pursuant to subsection 7.02(b) hereof. The Applicable Offshore Rate Margin shall be adjusted, if necessary, on the third Business Day after the delivery of such certificate, with such adjustment to apply to all Interest Periods then outstanding and beginning thereafter until the next adjustment date; provided, that from and after the Second Restatement Date until the date six months after the date hereof, unless required to be increased as provided above, the Applicable Offshore Rate Margin shall be 187.5 basis points with respect to Revolving Loans and Term Loan A; and further provided that if such certificate, together with the financial statements to which such certificate relates, is not delivered to the Agent by the fifth Business Day after the date on which the related financial statements are due to be delivered to the Agent pursuant to subsection 7.01(a) or (b), then, from such fifth Business Day until the third Business Day after delivery of such certificate, the Applicable Offshore Rate Margin shall be equal to 250 basis points with respect to Revolving Loans and Term Loan A.

Applicable Offshore Rate Margin means percentage determined as set forth below: