Applicable TIBOR Margin definition

Applicable TIBOR Margin has the meaning specified in Section 2.07(c).
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Applicable TIBOR Margin means, in respect of any TIBO Rate Advance, a rate per annum determined as of the first day of the Interest Period for such TIBO Rate Advance in reference to the table set forth below on the basis of the Credit Ratings of the applicable Borrower at such time; provided, however, that for any period during any Interest Period when the aggregate outstanding Dollar Amount of Advances for any Bank exceeds 50% of the amount of such Bank’s Commitment, the “Applicable TIBOR Margin” for such Bank shall be a rate per annum determined with reference to the credit ratings in effect as of the first day of such Interest Period in reference to the rates under the column “Applicable TIBOR Margin: > 50% Usage” set forth below: Credit Rating Applicable TIBOR Margin (rate per annum) Applicable TIBOR Margin: > 50% Usage (rate per annum) AA- or better (S&P) or Aa3 or better (Moody’s) 0.10% 0.15% Below AA- (S&P) xxx Xx0 (Moody’s) but A- or better (S&P) or A3 or bettex (Xxxxy’s) 0.19% 0.24% Xxxxx X- (S&P) and A3 (Moody’s) but BBB+ or better (S&P) or Baa1 or bxxxxx (Moody’s) 0.27% 0.37% Xxxxx XBB+ (S&P) and Baa1 (Moody’s) but BBB or better (S&P) or Baa2 or bexxxx (Xoody’s) 0.35% 0.00% Below BBB (S&P) and Baa2 (Moody’s) or unrated 0.50% 0.625%
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Applicable TIBOR Margin means at any time prior to the 2003 Financials Delivery Date 2.00% per annum and at any time after the 2003 Financials Delivery Date, at any date of determination (i) 1.00% per annum if the Leverage Ratio (as defined in Section 7.4(A) of the Parent Credit Agreement) is less than or equal to 1.0 to 1.0 as indicated in the financial statements and compliance certificates most recently delivered in accordance with Section 7.1(A) of the Parent Credit Agreement, (ii) 1.50% per annum if the Leverage Ratio (as defined in Section 7.4(A) of the Parent Credit Agreement) is less than or equal to 1.5 to 1.0 as indicated in the financial statements and compliance certificates most recently delivered in accordance with Section 7.1(A) of the Parent Credit Agreement, (iii) 1.75% per annum if the Parent's Leverage Ratio is less than or equal to 2.0 to 1.0 and greater than 1.5 to 1.0 as indicated in the financial statements and compliance certificates most recently delivered in accordance with Section 7.1(A) of the Parent Credit Agreement, (iv) 2.00% per annum if the Parent's Leverage Ratio is greater than 2.0 to 1.0 as indicated in the financial statements and compliance certificates most recently delivered in accordance with Section 7.1(A) of the Parent Credit Agreement. The Applicable TIBOR Margin shall be adjusted five (5) Business Days following the Lender's receipt of the relevant financial statements and compliance certificates required to be delivered pursuant to Section 7.1(A) of the Parent Credit Agreement and the Guaranty provided that if the Parent has not delivered its financial statements when required under Section 7.1(A) of the Parent Credit Agreement then, commencing on the date when such financial statements should have been delivered and continuing until such financial statements are delivered, the Applicable TIBOR Margin shall be 2.00%.
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Related to Applicable TIBOR Margin

  • Applicable LIBOR Margin means a per annum rate of interest payable in addition to the LIBOR Rate on LIBOR Rate Loans, determined by reference to Section 1.6.

  • LIBOR Margin has the meaning given that term in Section 2.2.(c)(ii)(D).

  • Applicable ABR Margin means, at any date:

  • Applicable LIBOR Rate Margin means the following per annum percentages, applicable in the following situations:

  • Applicable Prime Rate Margin shall have the meaning provided in section 2.7(g).

  • Applicable Base Rate Margin means, on any day, a rate per annum equal to the higher of (a) the Applicable Eurocurrency Margin for such day minus 1.00% and (b) 0.00%.

  • Applicable Eurodollar Rate Margin means, with respect to any Eurodollar Rate Advance, for each Pricing Period, the interest rate margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin II 125.0 III 175.0 IV 250.0

  • Applicable Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin II 10.0 V 17.5

  • Applicable Revolver 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 Revolving Loan, as determined by reference to Section 1.5(a).

  • Applicable Eurodollar Margin means, as at any date of determination, the rate per annum then applicable to Eurodollar Rate Loans determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • Applicable L/C Margin means the per annum fee, from time to time in effect, payable with respect to outstanding Letter of Credit Obligations as determined by reference to Section 1.5(a).

  • Base Rate Margin has the meaning set forth in the definition of Applicable Margin.

  • LIBOR Rate Margin has the meaning set forth in the definition of Applicable Margin.

  • Applicable Unused Line Fee Margin means the per annum fee, from time to time in effect, payable in respect of Borrowers’ non-use of committed funds pursuant to Section 1.9(b), which fee is determined by reference to Section 1.5(a).

  • Prime Rate Margin is set forth on Schedule I hereto.

  • Applicable Margin means, with respect to Advances of any Type at any time, the percentage rate per annum which is applicable at such time with respect to Advances of such Type as set forth in the Pricing Schedule.

  • Applicable Interest Rate Margin means (a) as to any Base Rate Advance, the applicable rate per annum set forth below under the caption “Base Rate Spread” and (b) as to any LIBO Rate Advance, the applicable rate per annum set forth below under the caption “LIBO Rate Spread”, determined by reference to the higher of (i) the rating of Mondelēz’s long-term senior unsecured Debt from Standard & Poor’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Standard & Poor’s for Mondelēz) and (ii) the rating of Mondelēz’s long-term senior unsecured Debt from Moody’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Moody’s for Mondelēz), in each case on such date: Rating Base Rate Spread LIBO Rate Spread A or higher by Standard & Poor’s A2 or higher by Moody’s 0.000 % 0.805 % A- by Standard & Poor’s A3 by Moody’s 0.000 % 0.920 % BBB+ by Standard & Poor’s Baa1 by Moody’s 0.030 % 1.030 % BBB by Standard & Poor’s Baa2 by Moody’s 0.140 % 1.140 % Lower than BBB by Standard & Poor’s Lower than Baa2 by Moody’s 0.250 % 1.250 % provided that if on any date of determination (x) a rating is available on such date from only one of Standard & Poor’s and Moody’s but not the other, the Applicable Interest Rate Margin shall be determined by reference to the then available rating; (y) no rating is available from either of Standard & Poor’s or Moody’s, the Applicable Interest Rate Margin shall be determined by reference to the rating of any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders and (z) no rating is available from any of Standard & Poor’s, Moody’s or any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders, the Applicable Interest Rate Margin shall be 0.250% as to any Base Rate Advance and 1.250% as to any LIBO Rate Advance.

  • Eurodollar Rate Margin means the margin over the Eurodollar Rate used in determining the rate of interest of Eurodollar Rate Loans pursuant to subsection 2.2A.

  • Applicable Commitment Fee Rate means:

  • Applicable Unused Commitment Fee Rate means 0.50% per annum.

  • Applicable Eurocurrency Margin means, as at any date of determination, the rate per annum then applicable to Eurocurrency Rate Loans determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • Applicable Margins means collectively the Applicable Revolver Index Margin, the Applicable Term Loan Index Margin, the Applicable Revolver LIBOR Margin and the Applicable Term Loan LIBOR Margin.

  • Eurodollar Margin means a rate per annum determined in accordance with the Pricing Schedule.

  • CD Margin means a rate per annum determined in accordance with the Pricing Schedule.

  • Facility Fee Rate means a rate per annum determined in accordance with the Pricing Schedule.