Applicable RFR Margin definition

Applicable RFR Margin means the RFR Margin determined in accordance with the Pricing Schedule.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Applicable RFR Margin means, with respect to RFR Loans, on (i) from the Fifth Amendment Effective Date to the date upon which the Administrative Agent receives the financial statements required pursuant to Section 7.1 for the fiscal quarter ending June 30, 2022, 1.25%, and (ii) at any date thereafter, the applicable percentage rate per annum set forth in the following table under the column Applicable RFR Margin opposite the Most Recent Total Net Leverage Ratio on such date: ​ ​ ​ ​ Most Recent Total Net Leverage Ratio Applicable RFR Margin ​ Any adjustment in the Applicable RFR Margin shall be applicable to all RFR Loans then existing or subsequently made or issued.

Applicable RFR Margin means that number of basis points per annum set forth on the Pricing Grid under the heading “Applicable RFR Margin”.

Examples of Applicable RFR Margin in a sentence

• Each applicable Borrower agrees to pay interest in respect of the unpaid principal amount of such Borrower’s Daily Simple RFR Loans from the date the proceeds thereof are made available to such Borrower until the maturity (whether by acceleration or otherwise) of such Daily Simple RFR Loan at a rate per annum equal to Daily Simple RFR plus the Applicable RFR Margin.

• Each Borrower agrees to pay interest in respect of the unpaid principal amount of such Borrower’s RFR Loans from the date the proceeds thereof are made available to such Borrower until the earlier of the maturity (whether by acceleration or otherwise) of such RFR Loan, at a rate per annum equal to the relevant Daily Simple ▇▇▇▇▇ plus the Applicable RFR Margin.

• Following the effectiveness of the ESG Amendment, any modification to the ESG Pricing Provisions which does not have the effect of reducing or increasing the Multicurrency Revolving Commitment Fee, USD Revolving Commitment Fee, LC Commission, Applicable Adjusted Term SOFR Margin, Applicable Base Rate Margin, Applicable Eurocurrency Margin or Applicable RFR Margin to a level not otherwise permitted by this paragraph shall be subject only to the consent of the Required Lenders.

More Definitions of Applicable RFR Margin

Applicable RFR Margin means, with respect to RFR Loans (i) from the Fifth Amendment Effective Date to the date upon which the Administrative Agent receives the financial statements required pursuant to Section 7.1 for the fiscal quarter ending June 30, 2022, 1.25%, and (ii) at any date thereafter, the applicable percentage rate per annum set forth in the following table under the column Applicable RFR Margin opposite the Most Recent Total Net Leverage Ratio on such date: Any adjustment in the Applicable RFR Margin shall be applicable to all RFR Loans then existing or subsequently made or issued.

Applicable RFR Margin means, with respect to Multicurrency Revolving Loans, (i) from the Incremental Amendment No. 3 and Fifth Amendment Effective Date to the date upon which the Administrative Agent receives the Compliance Certificate related to the financial statements for the Fiscal Quarter ending September 30, 2022, 1.2826%, and (ii) at any date thereafter, the applicable percentage rate per annum set forth in the following table under the column Applicable Daily Simple RFR Margin opposite the Most Recent Total Leverage Ratio as of such date: Most Recent Total Leverage Ratio Applicable RFR Margin Less than 3.00 to 1.00 1.0326% Equal to or greater than 3.00 to 1.00 but less than 4.00 to 1.00 1.2826% Following the Seventh Amendment Effective Date, it is hereby understood and agreed that the Applicable RFR Margin shall be adjusted from time to time on an annual basis based upon the Sustainability Rate Adjustment (to be calculated and applied as set forth in Section 2.17). Notwithstanding anything to the contrary herein, until the delivery of (or failure to deliver) the Sustainability Certificate delivered in respect of the Reference Year ending December 31, 2024 pursuant to Section 2.17(e), the Sustainability Rate Adjustment shall be 0.000% and there shall be no Sustainability Rate Adjustment to the Applicable RFR Margin.

Applicable RFR Margin for RFR Loans opposite the Most Recent Total Net Leverage Ratio onas of such date: Greater than 4.04.25 to 1.01.00 1.50% 0.50% 1.50% 1.50% Greater than or equal to 3.03.25 to 1.01.00 but less than or equal to 4.04.25 to 1.01.00 1.25% 0.25% 1.25% 1.25% Less than 3.03.25 to 1.01.00 1.00% 0.00% 1.00% 1.00% Any adjustment in the “Applicable Base Rate Margin”, “Applicable Eurocurrency Margin” and/or “Applicable RFR Margin shall be applicable to all Base Rate Loans, Eurocurrency Loans and/or RFR Loans (as applicable), then existing or subsequently made or issued.

Applicable RFR Margin means, with respect to Multicurrency Revolving Loans, (i) from the Incremental Amendment No. 3 and Fifth Amendment Effective Date to the date upon which the Administrative Agent receives the Compliance Certificate related to the financial statements for the Fiscal Quarter ending September 30, 2022, 1.2826%, and (ii) at any date thereafter, the applicable percentage rate per annum set forth in the following table under the column Applicable Daily Simple RFR Margin opposite the Most Recent Total Leverage Ratio as of such date: