Applicable Revolver Margin means (on a per annum basis)
Applicable Revolver Margin means 3.00% per annum, payable in addition to the LIBOR Rate applicable to the Revolving Loans.
Applicable Revolver Margin with respect to each Revolving Credit Loan that is a (i) Eurodollar Loan, 5.00%, and (ii) Base Rate Loan, 4.00%.
Examples of Applicable Revolver Margin in a sentence
Borrower shall pay interest to Lender in arrears on each applicable Interest Payment Date, at the rate per annum, in the case of Revolving Loans (other than the outstanding balance of Letter of Credit Obligations), equal to the LIBOR Rate plus the Applicable Revolver Margin based on the aggregate Revolving Credit Advances outstanding from time to time.
A similar approach is also being carried to future investment in the Central-Queensland Coal Network.
Subject to the provisions of Section 4.1(f), the Borrowers will pay interest on the unpaid principal amount of each LIBOR Revolving Loan for the applicable Interest Period at a rate per annum equal to the sum of (i) the Applicable Revolver Margin and (ii) LIBOR, payable in arrears as it accrues on each Interest Payment Date, and when such LIBOR Revolving Loan is due (whether at maturity, by reason of acceleration or otherwise).
More Definitions of Applicable Revolver Margin
Applicable Revolver Margin means, at any time, the Applicable Revolver Margin in effect at such time pursuant to the Pricing Grid.
Applicable Revolver Margin means the amount set forth below with respect to LIBOR Rate Advances or Base Rate Advances for the respective Total Funded Debt to EBITDA ratio of the Borrower and its Consolidated Subsidiaries calculated at the end of the most recently ended fiscal quarter, with Total Funded Debt calculated as of such quarter end and EBITDA calculated for the four consecutive fiscal quarters then ended, all in accordance with GAAP applied on a Consistent Basis: APPLICABLE REVOLVER MARGIN Type of Borrowing ================================================================================ TOTAL FUNDED DEBT TO EBITDA BASE RATE ADVANCES LIBOR RATE --------------------------- ------------------ ADVANCES -------- less than 1.0 to 1.0 0.0% .75% greater than or equal to 1.0 to 1.0 but less than 2.0 to 1.0 0.0% 1.00% greater than or equal to 2.0 to 1.0 but less than 2.5 to 1.0 0.0% 1.125% greater than or equal to 2.5 to 1.0 but less than 3.0 to 1.0 0.0% 1.25% greater than or equal to 3.0 to 1.0 but less than 3.5 to 1.0 .25% 1.75% greater than or equal to 3.5 to 1.0 .50% 2.00% ================================================================================ The Applicable Revolver Margin shall be determined based on the financial statements delivered pursuant to Subsections 8.1(a) and (b), and any change in the Applicable Revolver Margin shall be effective as of the beginning of and for the fiscal quarter of Borrower in which such financial statements were required to be delivered pursuant to Section 8.1(a) and (b), and within a reasonable time after Agent's receipt of such financial statements any adjustments required shall be made retroactive to the effective date of any change in the Applicable Revolver Margin pursuant to this paragraph; provided that, subject to the truth of the representations and warranties in Section 6.4, the Applicable Revolver Margin shall be determined based upon the financial statements referenced in Section 6.4 until any change in the Applicable Revolver Margin becomes effective pursuant to this Section.
Applicable Revolver Margin for each date of determination during any calendar month with respect to each Type of Revolving Credit Loan under the Revolving Credit Facility, the following margin determined as of the first day of such month based upon the Revolving Credit Facility Utilization for the preceding month; provided, however, that (a) for the period from and including the Closing Date through and including the last day of the month in which the Closing Date falls, the Revolving Credit Facility Utilization shall be the amount calculated on the Closing Date after giving effect to all Revolving Credit Loans and Swing Line Loans made and Letters of Credit issued on the Closing Date and (b) at any time that an Event of Default exists hereunder, the Applicable Revolver Margin shall be set at Level I: Level Revolving Credit Facility Utilization Eurodollar Margin Base Rate Margin I greater than or equal to 75% of Total Revolving Credit Commitments 3.00 % 2.00 % II greater than or equal to 50% of Total Revolving Credit Commitments but less than 75% of Total Revolving Credit Commitments 2.75 % 1.75 % III greater than or equal to 25% of Total Revolving Credit Commitments but less than 50% of Total Revolving Credit Commitments 2.50 % 1.50 % IV less than 25% of Total Revolving Credit Commitments 2.25 % 1.25 %
Applicable Revolver Margin means, (a) as to Prime Rate Revolving Loans, 1.25%, and (b) as to LIBOR Revolving Loans, 2.75%.
Applicable Revolver Margin means, as of any Interest Payment Date and for the fiscal quarter immediately preceding such Interest Payment Date, the following margin based upon the most recent Total Leverage Ratio calculation as of the end of the fiscal quarter immediately preceding such Interest Payment Date; provided, however, that at any time that an Event of Default exists hereunder, the Applicable Revolver Margin shall be at Level I: LEVEL TOTAL LEVERAGE RATIO LIBOR RATE LOANS ALTERNATE BASE RATE LOANS II < 3.50 to 1.0 3 and one half percentage points (3.5%) 2 and one half percentage points (2.5%) Except as set forth in the initial proviso in this definition, the Applicable Revolver Margin shall be based upon the most recent Total Leverage Ratio calculation, which will be calculated on a fiscal quarter basis. Except as set forth in the initial proviso in this definition, the Applicable Revolver Margin shall be re-determined each quarter on the first day of the month following the date of delivery to the Administrative Agent of the certified calculation of the Total Leverage Ratio pursuant to Section 9.02 hereof; provided, however, that if the Borrower fails to provide such certified calculation when due, the Applicable Revolver Margin immediately shall be set at the margin in the row styled “Level I” until the date on which such certification is delivered (on which date (but not retroactively), without constituting a waiver of any Default or Event of Default occasioned by the failure to timely deliver such certification, the Applicable Revolver Margin shall be set at the margin based upon the Total Leverage Ratio calculation disclosed by such certification).
Applicable Revolver Margin means the rate per annum reflected in the grid below, payable in addition to the LIBOR Rate applicable to the Revolving Loans. The Applicable Revolver Margin will be at Level II as reflected in the grid below as of the Third Amendment Date. The Applicable Revolver Margin will be adjusted (up or down) prospectively on a quarterly basis as determined by Astec's and its Subsidiaries' combined financial performance. Adjustments in the Revolver Applicable Margin will be determined by reference to the following grids: