Applicable Prime Margin means that as set forth in Section 2.02(a)(ii) hereof.
Applicable Prime Margin means the Initial Prime Margin or, as the case may be, the Adjusted Prime Margin.
Applicable Prime Margin on any date means -1.0% (minus one percent) per annum.
Examples of Applicable Prime Margin in a sentence
Pricing TierFUNDED DEBT TO TANGIBLE NET WORTHRatio The initial Applicable LIBOR Margin will be 1.75%, and the initial Applicable Prime Margin will be the Prime Rate minus 0.50%, respectively for the period of December , 2010 until the Bank’s receipt of the 12/31/10 Compliance Certificate from the Borrower.
More Definitions of Applicable Prime Margin
Applicable Prime Margin means one percent (1%).
Applicable Prime Margin shall have the meaning ascribed thereto in Section 3.1 hereof.
Applicable Prime Margin and "Applicable LIBOR Margin" means the per annum rate shown in the applicable column below based on the applicable Consolidated Debt to Consolidated EBITDA Ratio:
Applicable Prime Margin on any date means the percentage identified as such in Section 2.5 hereof.
Applicable Prime Margin means three quarters of one percent (3/4%)." 2. The following definition is added to Section 1 in alphabetical order: "'Daily Reporting Event' shall be deemed to have occurred if Availability is below $1,000,000 for five (5) days (whether or not consecutive) during any thirty (30) day period." 3. Section 8.1(c)(iv) of the Agreement is amended to read in its entirety as follows: "(iv) a borrowing base report, each in form acceptable to Bank; provided however, at all times after the occurrence of the Daily Reporting Event, updated borrowing base reports shall be due each Business Day;" 4. Section 8.11 of the Agreement is amended to read in its entirety as follows: "Maintain as of the end of each fiscal quarter an Adjusted Tangible Net Worth of not less than the following amounts during the periods specified below: September 30, 2002 through December 30, 2002 $5,150,000 December 31, 2002 through June 29, 2003 $4,500,000 June 30, 2003 and thereafter $6,000,000"
Applicable Prime Margin means Three Fourths of One Percent (0.75%) per ----------------------- annum, provided that on September 1, 2003, following Lender's receipt of the audited financial statements of Borrowers pursuant to Section 5.01(a)(i) herein for the fiscal year ended April 30, 2003, if Lender determines that Borrowers' Consolidated Fixed Charge Coverage Ratio as of such preceding fiscal year end was greater than or equal to 1.50 to 1.0, then the Applicable Prime Margin shall be reduced by One-Fourth of One Percent (0.25%) per annum on such date, and provided further, that on September 1, 2004, following Lender's receipt of the audited financial statements of Borrowers pursuant to Section 5.01(a)(i) herein for the fiscal year ended April 30, 2004, if Lender determines that Borrowers' Consolidated Fixed Charge Coverage Ratio as of such preceding fiscal year end was greater than or equal to 1.50 to 1.0, then the Applicable Prime Margin shall be reduced by One-Fourth of One Percent (0.25%) per annum on such date (after having given effect to any reduction in the prior year, if any).