Applicable Pricing Margin definition

Applicable Pricing Margin means, as regards any Advance, the percentage rate per annum in the following table set forth below the applicable column and opposite the applicable Senior Debt to Cash Flow Ratio of the Borrower: 1 < 1.0 3.50 % 2.50 % 2 > 1.0 to <2.0 4.00 % 3.00 % 3 >2.0 to <3.0 4.75 % 3.75 % provided that:

Applicable Pricing Margin in Section 1.1 of the Credit Agreement is amended by replacing the table setting out the Applicable Pricing Margin levels corresponding to ranges of Consolidated Debt to Cash Flow Ratios with the following table:

Applicable Pricing Margin means, with respect to any applicable Borrowing or the standby fees payable under Section 5.8, a rate per annum set forth opposite the applicable Debt Rating: 1 A/A2 or higher 80 0 16 2 A-/A3 100 0 20 3 BBB+/Baa1 120 20 24 4 BBB/Baa2 145 45 29 5 BBB-/Baa3 170 70 34 6 Lower than Level 5, or unrated by both S&P and Xxxxx’x 225 125 45 provided that:

Examples of Applicable Pricing Margin in a sentence

• Whenever this Agreement calls for a change in an Applicable Pricing Margin by reason of a change in the Consolidated Debt to Cash Flow Ratio, each such change shall be effective on the first day following the end of the Quarter in which the Compliance Certificate disclosing (or which would disclose) the change in the Consolidated Debt to Cash Flow Ratio giving rise to such change in the Applicable Pricing Margin is delivered or deliverable by the Borrower to the Agent.

• The Borrower shall pay interest in Cdn Dollars on its Prime Loans outstanding from time to time at a rate per annum equal to the aggregate of the Prime Rate and the Applicable Pricing Margin for the Prime Margin in effect from time to time.

• The LC Fee for each Letter of Credit shall be calculated on the basis of the Applicable Pricing Margin for Letters of Credit, the stated maximum amount of such Letter of Credit and the actual number of days in the term of such Letter of Credit and shall be payable in the currency of issuance of such Letter of Credit; provided that the minimum LC Fee shall be Cdn.

• The Borrower shall pay interest in US Dollars on its LIBOR Loans outstanding from time to time at a rate per annum equal to the aggregate of the LIBOR for each LIBOR Period and the Applicable Pricing Margin for the LIBOR Margin in effect from time to time.

• In respect of Loans and Standby Fees, the Borrower shall pay interest and Standby Fees calculated with reference to the new Applicable Pricing Margin effective on the first day following the end of such Quarter, notwithstanding that any Accommodation was made prior to such date.

More Definitions of Applicable Pricing Margin

Applicable Pricing Margin means, in respect of any Accommodation by way of any Bankers Acceptance, LIBOR Loan, BA Equivalent Loan, Prime Rate Loan or U.S. Base Rate Loan, or any Standby Fee payable under Section 3.2, the number of BPs set out on the following table under the appropriate Accommodation that is opposite to the applicable Consolidated Debt to Cash Flow Ratio: provided that the Applicable Pricing Margins:

Applicable Pricing Margin means, with respect to the Loans or the standby fees payable under Section 4.6, the applicable rate per annum set forth in the table below opposite the applicable S&P Rating: 1 B- (or unrated) 100 250 200 50 2 B 50 200 150 40 3 B+ 25 175 125 30 4 BB- or better 0 150 100 20 provided that changes in Applicable Pricing Margin shall be effective and adjusted upon any change in the S&P Rating in accordance with Section 7.7.

Applicable Pricing Margin means, in respect of any Loan, the percentage rate per annum (based on: (a) a 365 day period for Prime Loans and U.S. Base Rate Advances bearing interest at the rate announced from time to time by the Agent in accordance with paragraph (a) of the definition of "U.S. Base Rate Advance"; (b) a 360 day period for LIBOR Advances and U.S. Base Rate Advances bearing interest at the Federal Funds Rate plus 50 bps in accordance with paragraph (b) of the definition of "U.S. Base Rate Advance"; or (c) a 365 day period in the case of BA Stamping Fees) set forth opposite the applicable Senior Secured Debt to EBITDA Ratio as set out in Schedule B hereto, provided that after an Event of Default occurs and continues for 30 days (each an "Effective Increase Date"), each of the Applicable Pricing Margins shall, to the extent permitted by law, increase by 2.00% per annum until such Event of Default has been remedied; and with respect to BA Issues, such increase will on the Effective Increase Date apply proportionately to such Bankers' Acceptances outstanding on the basis of the number of days remaining in the term to maturity of each such Bankers' Acceptance. The Borrower will pay to the Agent, for the benefit of the Lenders, any resulting increase in BA Stamping Fees in arrears on the maturity or expiry of the relevant Bankers' Acceptances;

Applicable Pricing Margin in Section 1.1 of the Credit Agreement is hereby deleted in its entirety and replaced by the following:

Applicable Pricing Margin means, with respect to any applicable Borrowing or the standby fees payable under Section 5.8, a rate per annum set forth opposite the applicable Debt Rating: Level Debt Rating (S&P/Xxxxx’x/Fitch) Bankers’ Acceptances / LIBOR Loans / Letters of Credit (in bps) Prime Loans / USBR Loans (in bps) Standby Fee (in bps) provided that, in each case, as applicable:

Applicable Pricing Margin means, as regards any Advance, the percentage rate per annum in the following table set forth below the applicable column and opposite the applicable Senior Debt to Cash Flow Ratio of the Borrower: provided that:

Applicable Pricing Margin in Section 1.1 of the Credit Agreement is amended by deleting the pricing table therein and replacing same with the following new pricing table (and these pricing changes shall be applied to existing Outstandings in accordance with proviso (ii) in the definition of Applicable Pricing Margin): 1 < 1.0 250 150 2 >1.0 to < 2.0 275 175 3 >2.0 to <3.0 325 225