CD Rate Margin. (in the case of CD Rate Loans), "Base Rate Margin" (in the case of Base Rate Loans) or "Absolute Rate" (in the case of Absolute Rate Loans).
CD Rate Margin. (in the case of CD Rate Loans), "Base Rate Margin" (in the case of Base Rate Loans) or "Absolute Rate" (in the case of Absolute Rate Loans). 4 Must be not less than seven days or more than 180 days, as specified in the related Competitive Bid Loan Quote Request
CD Rate Margin means, with respect to any CD Rate Loan, the percentage figure set forth in Annex 1 hereto as the CD Rate Margin.
Examples of CD Rate Margin in a sentence
In addition, and notwithstanding the foregoing chart, if the Credit Rating of the Company from S&P is more than one level higher or lower than the equivalent Credit Rating from Xxxxx'x at such time, then the Applicable CD Rate Margin shall be determined as if the applicable Credit Rating of the Company from each of S&P and Xxxxx'x were one level higher than the lower of the two Credit Ratings.
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More Definitions of CD Rate Margin
CD Rate Margin means, with respect to any CD Rate Loan, the percentage figure set forth opposite the applicable S&P Bond Rating and the Moody's Bond Rating in Annex 1 hereto as the "CD Rate Margin" provided that if the S&P Bond Rating and the Moody's Bond Rating do not fall within the same Level, the CD Rate Margin will be the rate opposite the lower Level (with Level III being the lowest Level) and provided, further, that in the event an S&P Bond Rating or a Moody's Bond Rating is not available from either rating agency, the CD Rate Margin will be the rate opposite Level III.
CD Rate Margin and "Eurodollar Margin" means, for any day, the percentage set forth below opposite the applicable range for the Debt to Operating Cash Flow Ratio as specified in the most recent Notice of Debt to Operating Cash Flow Ratio received by the Administrative Agent on or before such day: ------------------------------------------------------------------------- Debt to Operating Base Rate Margin CD Rate Margin Eurodollar ----------------- ---------------- --------------- ---------- Cash Flow Ratio Margin --------------- ------ ------------------------------------------------------------------------- * 7.00x 1.500% 2.875% 2.750% ------------------------------------------------------------------------- * 6.50x 1.250% 2.625% 2.500% ------------------------------------------------------------------------- * 6.00x 1.000% 2.375% 2.250% ------------------------------------------------------------------------- * 5.50x 0.750% 2.125% 2.000% ------------------------------------------------------------------------- * 5.00x 0.500% 1.875% 1.750% ------------------------------------------------------------------------- **5.00x 0.250% 1.625% 1.500% ------------------------------------------------------------------------- provided that, (i) for each day during the six-month period beginning on the Closing Date, each of the Base Rate Margin, CD Rate Margin and Eurodollar Margin shall be determined as if the Debt to Operating Cash Flow Ratio is 7.00x, (ii) if the Borrower shall fail to provide the quarterly Notice of Debt to Operating Cash Flow Ratio in accordance with the provisions of Section 5.03(a), each of the Base Rate Margin, CD Rate Margin and Eurodollar Margin shall, on the date that is five (5) Business Days after the date by which the Borrower was so required to provide such Notice of Debt to Operating Cash Flow Ratio to the Administrative Agent and each Lender, be determined as if the Debt to Operating Cash Flow Ratio is 7.00x until such time as such Notice of Debt to Operating Cash Flow Ratio is provided, whereupon each of the Base Rate Margin, CD Rate Margin and Eurodollar Margin shall be determined in accordance with the Debt to Operating Cash Flow Ratio therein presented and (iii) during any period in which an Event of Default shall have occurred and be continuing, each of the Base Rate Margin, CD Rate Margin and Eurodollar Margin shall be the applicable margin indicated in the above table plus 2% per annum.
CD Rate Margin. Base Rate Margin," "Commitment Fee," and "Standby Letter of Credit Fee," as the case may be, based upon the respective Performance Levels in effect on such day as set forth below. CD Rate Offshore Base Rate Commit- Standby Letter Margin Rate Margin Margin ment Fee of Credit Fee Performance Levex 0 0.6250% 0.5000% 0.0000% 0.1250% 0.5000% ------------------- Net Funded Debt to EBITDA Ratio < 1.50 to 1.00 Performance Levex 0 0.7500% 0.6250% 0.0000% 0.1500% 0.6250% ------------------- Net Funded Debt to EBITDA Ratio < 2.00 to 1.00 but > 1.50 to 1.00 - Performance Levex 0 1.1250% 1.0000% 0.0000% 0.2000% 1.0000% ------------------- Net Funded Debt to EBITDA Ratio < 2.50 to 1.00 but > 2.00 to 1.00 -
CD Rate Margin. (in the case of CD Rate Loans), "Base Rate Margin" (in the case of Base Rate Loans) or "Absolute Rate" (in the case of Absolute Rate Loans). 3 Each Interest Period must be not less than seven days or more than 180 days. EXHIBIT C TO CREDIT AGREEMENT [Form of Competitive Bid Loan Quote] Bank of America National Trust and Savings Association, as Administrative Agent 1000 Xxxxxxx Xxxxxxxxx, 0xx Xxxxx Xxxxxxx, Xxxxxxxxxx 00000 ATTENTION: --------------------------- RE: COMPETITIVE BID LOAN QUOTE TO FXXXXX XXXXXXX CORPORATION (THE "BORROWER") ------------------------------------------- This Competitive Bid Loan Quote is given in accordance with Section 2.03(d) of the Revolving Credit Agreement dated as of February 12, 1999, by and among Fxxxxx Xxxxxxx Corporation, a New York corporation (the "BORROWER"), the guarantors party thereto, the lenders party thereto and Bank of America National Trust and Savings Association, as Administrative Agent (as the same may from time to time be amended or modified, the "AGREEMENT"). Terms defined in the Agreement are used herein as defined therein. In response to the Borrower's invitation dated ___________, ___, we hereby make the following Competitive Bid Loan Quote(s) on the following terms:
CD Rate Margin means, for any day during any Interest Period, the percentage set forth below opposite the applicable range for the Debt to Operating Cash Flow Ratio as specified in the most recent Notice of Debt to Operating Cash Flow Ratio received by the Administrative Agent on or before such day: Debt to Operating Cash Flow Ratio --------------------------------- Greater than But CD Rate or equal to less than Margin ------------ --------- ------ 6.0 N/A 2.125% 5.5 6.0 1.875% 5.0 5.5 1.625% 4.0 5.0 1.125% 0.0 4.0 0.875% provided, however, that during any period in which an Event of Default shall have occurred and be continuing, the CD Rate Margin shall be the CD Rate Margin indicated in the above table plus 2% per annum.
CD Rate Margin means, for any day during any Interest Period, the -------------- percentage set forth below opposite the applicable range for the Debt to Operating Cash Flow Ratio as specified in the most recent Notice of Debt to Operating Cash Flow Ratio received by the Administrative Agent on or before such day: Debt to Operating Cash Flow Ratio ----------------------------------- Greater than But CD Rate or equal to less than Margin ------------------- -------------- -------- 6.5 N/A 2.750% 6.0 6.5 2.625% 5.5 6.0 2.375% 5.0 5.5 2.125% 4.0 5.0 1.625% 0.0 4.0 1.375% provided, however, that during any period in which an Event of Default shall -------- ------- have occurred and be continuing, the CD Rate Margin shall be the CD Rate Margin indicated in the above table plus 2% per annum.