Applicable Term Loan LIBOR Margin definition

Applicable Term Loan LIBOR Margin means the per annum interest rate from time to time in effect and payable in addition to the LIBOR Rate applicable to the Term Loan, as determined by reference to Section 1.5(a).

Applicable Term Loan LIBOR Margin means the per annum interest rate from time to time in effect and payable in addition to the LIBOR Rate applicable to the Term Loan, as determined by reference to SECTION 1.5(A).

Applicable Term Loan LIBOR Margin means the per annum interest rate from time to time in effect and payable in addition to the LIBOR Rate applicable to the Term Loan, as determined by reference to Section 1.4(a) of the Agreement.

Examples of Applicable Term Loan LIBOR Margin in a sentence

• Longer time horizons generally present more uncertainty in expected cash flow.

• The Applicable Revolver Index Margin, Applicable Revolver LIBOR Margin, Applicable Term Loan Index Margin, Applicable Term Loan LIBOR Margin, Applicable L/C Margin, and Applicable Unused Line Fee Margin shall be 0.50%, 2.00%, 0.75%, 2.25%, 1.50%, and 0.375% per annum, respectively.

• The restrictions set forth above shall lapse and the Restricted Stock shall become freely transferable (provided, that such transfer is otherwise in accordance with federal and state securities laws) and non-forfeitable as set forth in this Section 2(b).

• Failure to timely deliver such Financial Statements shall, in addition to any other remedy provided for in this Agreement, result in an increase in the Applicable Term Loan Index Margin and the Applicable Term Loan LIBOR Margin to the highest level set forth in the foregoing grid, until the first day of the first calendar month following the delivery of those Financial Statements demonstrating that such an increase is not required.

• The Applicable Revolver Index Margin, Applicable Revolver LIBOR Margin, Applicable Term Loan Index Margin, Applicable Term Loan LIBOR Margin and Applicable Unused Line Fee Margin, will be 0.0%, 1.5%, 0.0%, 1.5% and 0.25% per annum, respectively, as of the Effective Date.

More Definitions of Applicable Term Loan LIBOR Margin

Applicable Term Loan LIBOR Margin means a rate per annum equal to 5.25%. Notwithstanding the foregoing, (a) in the case of any Incremental Term Loan maintained as a LIBOR Loan of a given Tranche, the Applicable Term Loan LIBOR Margin shall be that percentage per annum set forth in, or calculated in accordance with, Section 2.11 and the relevant Incremental Term Loan Commitment Agreement; and (b) on and after the date of the most recent incurrence of any Tranche of Incremental Term Loans which gives rise to a determination of a new Applicable Increased Term Loan Spread, the Applicable Term Loan LIBOR Margin for any Tranche of Term Loans (other than such new Tranche of Incremental Term Loans) shall be the higher of (I) the Applicable Increased Term Loan Spread for such Tranche of Term Loans and (II) the Applicable Term Loan LIBOR Margin for such Tranche of Term Loans as otherwise determined above in the absence of this clause (b).”

Applicable Term Loan LIBOR Margin means (a) in the case of the Term Loan A, three and one-half of one percent (3.50%) per annum and (b) in the case of the Term Loan B and Term Loan C, three and three-quarters of one percent (3.75%) per annum.

Applicable Term Loan LIBOR Margin means for each LIBOR Portion of the Term Loans, the percentage (expressed in basis points) determined from time to time based upon the Senior Ratings then in effect from Moody's and S&P set forth under the relevant column heading below: ------------------------------------------------------------ ------------------------------------------ Applicable Term Loan Senior Ratings LIBOR Margin ------------------------------------------------------------ ------------------------------------------ LEVEL I Senior Ratings are equal to or better than A from S&P or A2 from Moody's 95 Bxxxx Xxints ------------------------------------------------------------ ------------------------------------------ LEVEL II Senior Ratings are A- from S&P or A3 from Moody's 105 Basis Points ------------------------------------------------------------ ------------------------------------------ LEVEL III Senior Ratings are BBB+ from S&P or Baa1 from Moody's 115 Basis Points ------------------------------------------------------------ ------------------------------------------ LEVEL IV Senior Ratings are BBB from S&P or Baa2 from Moody's 130 Basis Points ------------------------------------------------------------ ------------------------------------------

Applicable Term Loan LIBOR Margin means 2.75% per annum until the first Adjustment Date, and thereafter, as of each Adjustment Date, the applicable percent per annum set forth in the Pricing Table, under the “LIBOR” heading, corresponding to the Leverage Ratio as of the last day of the most recently completed calendar quarter prior to the applicable Adjustment Date; provided that if an Event of Default has occurred and is continuing on such Adjustment Date; no reduction of this margin shall occur on such Adjustment Date.

Applicable Term Loan LIBOR Margin means 9.00%.

Applicable Term Loan LIBOR Margin means the greater of (i) LIBOR Rate plus 11.00% per annum and (ii) 15.50% per annum.

Applicable Term Loan LIBOR Margin means 1.5% per annum as of the Effective Date.