Base Rate Applicable Margin definition

Base Rate Applicable Margin means the Applicable Margin in effect for an Adjusted Base Rate Borrowing as determined in accordance with Section 2.9 hereof.

Base Rate Applicable Margin means, as of any date with respect to any Base Rate Advance, the applicable per annum amount then in effect pursuant to Section 2.3 hereof.

Base Rate Applicable Margin means as of any date, with respect to the percentage spread to be added to the Base Rate under the Base Rate Option, the percentage in effect on such date under the definition of the “Applicable Margin”.

Examples of Base Rate Applicable Margin in a sentence

• Any adjustment to the LIBOR Applicable Margin and Base Rate Applicable Margin shall be effective as of the first day of the calendar month immediately following the month during which the Borrower delivers to the Administrative Agent the applicable compliance certificate pursuant to Section 8.2(iv).

• If the Borrower fails to deliver a compliance certificate in accordance with Section 8.2(iv), the LIBOR Applicable Margin and the Base Rate Applicable Margin shall equal the percentages corresponding to a Consolidated Leverage Ratio of 55% or greater until the first day of the calendar month immediately following the month that the required compliance certificate is delivered.

• Since these two variables are endogenously determined, however, we need to employ instruments.

• Notwithstanding the foregoing, at any time that either the Xxxxx’x Debt Rating is lower than A3 or the S&P Debt Rating is lower than A-, (a) the LIBOR Applicable Margin, the L/C Fee and the Base Rate Applicable Margin shall be increased to one and one-half percent (1.50%), and (b) the Commitment Fee Rate shall be increased to one half of one percent (0.50%).

• Notwithstanding the foregoing, for the period from the Agreement Execution Date through but excluding the date on which the Administrative Agent first determines the LIBOR Applicable Margin and the Base Rate Applicable Margin as set forth above, the LIBOR Applicable Margin and the Base Rate Applicable Margin shall be determined based on a Consolidated Leverage Ratio of “Less than 40%”.

More Definitions of Base Rate Applicable Margin

Base Rate Applicable Margin means (a) on any date for which it is determined and on which the outstanding principal balance of Borrowing Base Debt shall be less than or equal to the Borrowing Base then in effect, zero percent (0%); and (b) on any date on which the outstanding principal balance of Borrowing Base Debt, including all Loans, exceeds the Borrowing Base then in effect, three-quarters of one percent (.750%).

Base Rate Applicable Margin. See definition of Applicable Margin.

Base Rate Applicable Margin means the applicable margin set forth in the pricing schedule contained in Schedule 8 attached hereto used in calculating the interest rate applicable to the Base Rate Advances, subject to the conditions set forth in such Schedule 8 with respect to the effective date of changes in such applicable margins..

Base Rate Applicable Margin as set forth in the definition of "Applicable Margin" contained in the Fourth Amendment dated as of May 24, 2002 to the Second Amended and Restated Credit Agreement dated as of September 28, 2000 among Avondale Xxxxx, Inc., the financial institutions party thereto as "Banks" and Wachovia Bank, National Association, as Agent (as such term is defined on the Closing Date).

Base Rate Applicable Margin means, at any time, with respect to any Base Rate Advance, the per annum rate of interest equal to: (a) at any time prior to the date six (6) months after the Agreement Date, 1.500%; and (b) at any time on or after the date six (6) months after the Agreement Date, (i) at any time that the Borrower Value to Debt Ratio is greater than 3.5 to 1.0, 1.375%, (ii) at any time that the Borrower Value to Debt Ratio is greater than 4.0 to 1.0, 1.250%, and (iii) at any other time, 1.500%. Changes in the Base Rate Applicable Margin shall take effect on the later of (i) the second Business Day after the performance certificate is required to be provided pursuant to Section 7.3 or (ii) the date on which the performance certificate is actually provided pursuant to Section 7.3.

Base Rate Applicable Margin means for any day the rate per annum in effect for Base Rate Loans for such day based on the Borrower’s Debt Rating for such day determined as provided in the Pricing Grid.

Base Rate Applicable Margin means, at any time, with respect to any Base Rate Advance, the per annum rate of interest determined as follows: Any increase in the Base Rate Applicable Margin shall take effect on the second (2nd) Business Day after the performance certificate is required to be provided pursuant to Section 7.3 hereof. Any decrease in the Base Rate Applicable Margin shall take effect on the later of (a) the second (2nd) Business Day after the performance certificate is required to be provided pursuant to Section 7.3 hereof or (b) the date on which the performance certificate is actually provided pursuant to Section 7.3 hereof. "BORROWER" shall have the meaning ascribed thereto in the recitals to this Agreement.