Base Margin definition

Base Margin. As determined from the definition of Applicable Margin.

Base Margin has the meaning specified in Section 5.2.

Base Margin means (i) during the period commencing on the Closing Date and ending on but not including the first Adjustment Date (as defined below), one quarter percent (0.25%) per annum and (ii) during each period, from and including one Adjustment Date to but excluding the next Adjustment Date (herein a “Calculation Period”), the percent per annum set forth in the table below in this Section 4.2 under the heading “Base Margin” opposite the Indebtedness to Adjusted EBITDA Ratio which corresponds to the Indebtedness to Adjusted EBITDA Ratio set forth in, and as calculated in accordance with, the applicable Compliance Certificate.

Examples of Base Margin in a sentence

• Such payments shall be applied first to Base Margin Loans and only then to Eurodollar Loans.

• Unless the Borrowers’ Representative otherwise advises the Administrative Agent, such payments shall be applied first to Base Margin Loans and only then to Libor Loans.

• Repo Agent’s determination of Market Value, Asset Value and Asset Base Margin Value in the manner specified in this Agreement shall be conclusive and binding upon the parties.

• Such payments shall be applied first to Base Margin Loans and only then to Libor Loans.

• The term "Applicable Rate" means (i) during the period that such Loans or portions thereof are subject to a Base Rate Account, the Base Rate plus the Base Margin and (ii) during the period that such Loans or portions thereof are subject to a Eurodollar Account, the Adjusted Eurodollar Rate plus the Eurodollar Rate Margin.

More Definitions of Base Margin

Base Margin means (a) for the Initial Pricing Period, one and three-quarters percent (1.75%), and (b) for each subsequent Pricing Period, the interest rate margin set forth below opposite the Pricing Level for that Pricing Period: Pricing Level Base Rate Margin I 1.25 % II 1.50 % III 1.75 %

Base Margin has the meaning specified in Section 3.2.

Base Margin. Zero Percent (0.0%).

Base Margin means (i) during the period commencing on the Closing Date and ending on but not including the first Adjustment Date, one quarter of one percent (0.25%) per annum and (ii) during each period, from and including one Adjustment Date to but excluding the next Adjustment Date (herein a "Calculation Period"), the percent per annum set forth in the table below in this Section 3.2 under the heading "Base Margin" opposite the Leverage Ratio which corresponds to the Leverage Ratio set forth in, and as calculated in accordance with, the applicable Compliance Certificate.

Base Margin. The then applicable Base Margin as determined from the applicable Pricing Grid.

Base Margin means, for each Pricing Period, the interest rate margin set forth below opposite the Pricing Level for that Pricing Period:

Base Margin means (a) in the case of Floating Rate Notes, the Reference Rate plus the Relevant Margin and (b) in the case of Fixed Rate Notes, the rate specified in the relevant Tranche Final Terms;