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Applicable Prime Margin definition

Applicable Prime Margin means that as set forth in Section 2.02(a)(ii) hereof.
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Applicable Prime Margin on any date means -1.0% (minus one percent) per annum.
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Applicable Prime Margin means the Initial Prime Margin or, as the case may be, the Adjusted Prime Margin.
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Examples of Applicable Prime Margin in a sentence

  • The Adjusted Prime Rate shall be adjusted automatically on and as of the effective date of any change in the Prime Rate and/or the Applicable Prime Margin.

  • Adjusted Prime Rate shall mean the Prime Rate plus the Applicable Prime Margin.

  • Pricing Tier FUNDED DEBT TO EBITDA Ratio Applicable LIBOR Margin Applicable Prime Margin Applicable Unused Fee I ­> =2.0x 1.35% 0.10% 10 bps II ­>=1.50x 1.20% 0.00% 10 bps III ­<1.50x 1.00% 0.00% 10 bps The initial Applicable LIBOR Margin and Applicable Prime Margin will be 1.00% and 0.00 % respectively for the period of December __, 2014 until the Bank’s receipt of the 12/31/14 Compliance Certificate from the Borrower.

  • The interest rate shall be either the Applicable Libor Margin or Applicable Prime Margin (as defined in Exhibit A) as selected and achieved by the Borrower in the column under the header “Pricing Tier” appearing on Exhibit A.

  • The Applicable LIBOR Margin and the Applicable Prime Margin shall increase by an amount equal to the Utilization Premium (the “Utilization Premium”) set forth above during any period (and for only such period) in which Usage is more than Thirty Three and 33/100 Percent (33.33%).


More Definitions of Applicable Prime Margin

Applicable Prime Margin shall have the meaning ascribed thereto in Section 3.1 hereof.
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Applicable Prime Margin means one percent (1%).
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Applicable Prime Margin on any date means the percentage identified as such in Section 2.5 hereof.
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Applicable Prime Margin means the per annum interest rate margin from time to time in effect and payable in addition to the Prime Rate applicable to Prime Rate Loans, as determined by reference to Section 1.3 of the Agreement.
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Applicable Prime Margin shall be 0.00 per cent per annum.
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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).
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Applicable Prime Margin means, before the occurrence of the Availability Event, one percent (1%) and after the occurrence of the Availability Event, one and one-half percent (1-1/2%)."
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