Applicable Term Margin. With respect to:
Applicable Term Margin means 3.5% (three comma five percent) nacq;
Applicable Term Margin means, as of any date of determination, 5.25%.
Examples of Applicable Term Margin in a sentence
The rights, preferences, qualifications, limitations, restrictions and other matters relating to the Series A Preferred Stock are as set forth herein.
Except as provided in Section 2.6(c), all Loans (other than the Incremental Term Loan) and other Obligations that have been charged to the Loan Account pursuant to the terms hereof shall bear interest at a per annum rate equal to the Base Rate plus the Applicable Term Margin (the sum of which is referred to herein as the “Applicable Interest Rate”); provided that in no event shall the Applicable Interest Rate be less than 10% per annum or more than 12% per annum.
Section 9.4(d) of the Credit Agreement is hereby amended by adding the phrase "and Applicable Term Margin under ss.2.6" immediately after the phrase "ss.
Section 1.2(j) of the Credit Agreement is hereby amended by adding the phrase "and Applicable Term Margin under Section 2.6" immediately after the phrase "Section 2.4".
The particular Applicable Margin or Applicable Term Margin, as applicable, set forth opposite the specified pricing tier in the tables set forth inss.2.4(b) orss.2.6(e)(B), as applicable." "QUARTER END DATE.
More Definitions of Applicable Term Margin
Applicable Term Margin means a percentage per annum determined by reference to the ratio of total Debt for Borrowed Money to Operating Cash Flow, as set forth below: Margin Over Ratio Eurodollar Advances ----- ------------------- greater than 5.0:1.0 2.000% greater than 4.5:1.0 but less than or equal to 5.0:1.0 1.750% greater than 4.0:1.0 but less than or equal to 4.5:1.0 1.500% greater than or equal to 3.0:1.0, but less than or equal to 4.0:1.0 1.250% less than 3.0:1.0 1.000%
Applicable Term Margin with respect to the Term Loan, the margin set forth below, as determined by the Cash Flow Leverage Ratio for the prior month: Commencing on the date hereof, the margin shall be determined as if Level II were applicable. Thereafter, the margins shall be subject to increase or decrease upon receipt by Lender pursuant to Section 10.01(c) of the financial statements and corresponding Compliance Certificate for the most recent month, which change shall be effective on the first day of the calendar month following receipt. If, by the first day of a month, any financial statement or Compliance Certificate due in the preceding month has not been received, or if a Default or an Event of Default has occurred and is continuing, then, at the option of Lender, the margins shall be determined as if Level II were applicable, from such day until the first day of the calendar month following actual receipt.
Applicable Term Margin with respect to each Term Loan that is a (i) Eurodollar Loan, 9.75%, and (ii) Base Rate Loan, 8.75%.
Applicable Term Margin with respect to the Term Loan, the margin set forth below, as determined by the Cash Flow Leverage Ratio for the prior month: I Less than or equal to 2.00 to 1.00 3.75 % II Greater than 2.00 to 1.00 4.75 % Commencing on the date hereof, the margin shall be determined as if Level I were applicable. Thereafter, the margins shall be subject to increase or decrease upon receipt by Lender pursuant to Section 10.01(c) of the financial statements and corresponding Compliance Certificate for the most recent month, which change shall be effective on the first day of the calendar month following receipt. If, by the first day of a month, any financial statement or Compliance Certificate due in the preceding month has not been received, or if a Default or an Event of Default has occurred and is continuing, then, at the option of Lender, the margins shall be determined as if Level II were applicable, from such day until the first day of the calendar month following actual receipt.
Applicable Term Margin means, at all times during the applicable period set forth below: (a) with respect to Term Eurodollar Borrowings the percentage per annum set forth below adjacent to the applicable period under the heading "Eurodollar Margin"; and (b) with respect to Term Federal Funds Borrowings, the percentage per annum set forth below adjacent to the applicable period under the heading "Federal Funds Margin." Initial Funding Date through March 31, 2004 1.25% 1.75% April 1, 2004 through March 31, 2008 1.50% 2.00% April 1, 2008 through March 31, 2012 1.75% 2.25% April 1, 2012 through March 31, 2016 2.00% 2.50% April 1, 2016 through March 31, 2018 2.25% 2.75%
Applicable Term Margin with respect to Multiple-Draw Term Loans and Term B Loans, (i) 1.750% for each LIBOR Loan and (ii) 0.750% for each Base Rate Loan.
Applicable Term Margin at any time means the applicable percentage set forth in the Pricing Grid for Term Loans opposite the then applicable Leverage ratio as set forth on the most recent Compliance Certificate required to be delivered under Section 6.2(a) provided that in the event the Agent shall not have received when due any financial statement or Compliance Certificate required to be delivered under Sections 6.2(a) and 6.2(b), the Applicable Term Margin for Base Rate Loans or Offshore Rate Loans, as the case may be, shall be the margin for Base Rate Loans or Offshore Rate Loans, as the case may be, corresponding to a Leverage Ratio of 4.00 to 1 until the Agent shall have received all such financial statements and Compliance Certificates; provided, however, that for the period from the Restatement Date to the date which is three (3) Business Days after the date upon which the Company shall have delivered its September 30, 1999 financial statements and Compliance Certificate as required by Section 6.2(b), the Applicable Term Margin for Base Rate Loans or Offshore Rate Loans, as the case may be, shall be deemed to be the margin for Base Rate Loans or Offshore Rate Loans, as the case may be, corresponding to a Leverage Ratio of 3.00 to 1. Each change in the Applicable Term Margin shall take effect with respect to all outstanding Loans on the third Business Day immediately succeeding the day on which the Compliance Certificate is received by the Agent.