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
Examples of CD Rate Margin in a sentence
The outstanding principal balance of each CD Loan shall bear interest at a rate per annum equal to the sum of the CD Rate and the CD Rate Margin (such interest being computed daily on the basis of a three hundred sixty (360) day year and actual days elapsed, which results in more interest than if a three hundred sixty-five (365) day year were used).
The Adjusted CD Rate Margin, Eurocurrency Margin and LIBOR Margin (each herein a "Margin") shall be subject to adjustment (upwards or downwards, as appropriate) based on the applicable ratio of the Company's Consolidated Funded Debt to EBITDA ("Debt/EBITDA Ratio") as at the end of any fiscal quarter, as set forth in the chart below.
More Definitions of CD Rate Margin
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.
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. 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. ------------------------------------------------------------------------------------------------------- Offshore Base Standby CD Rate Rate Rate Commit- Letter of Margin Margin Margin ment Fee Credit Fee ------------------------------------------------------------------------------------------------------- Performance Levex 0 0.6250% 0.5000% 0.0000% 0.1000% 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 ------------------------------------------------------------------------------------------------------- Performance Levex 0 1.3750% 1.2500% 0.2500% 0.3000% 1.2500% Net Funded Debt to EBITDA Ratio >2.50 to 1.00 ------------------------------------------------------------------------------------------------------- The applicable Performance Level as of any day shall be determined by reference to the Net Funded Debt to EBITDA Ratio as of the last day of the fiscal quarter most recently ended on or prior to such day, and any change in the Performance Level shall become effective upon the delivery to the Bank of the Compliance Certificate required to accompany the financial statements delivered pursuant to Section 7.01 upon which such change is based, which Compliance Certificate shall set forth in reasonable detail the calculation of the Net Funded Debt to EBITDA Ratio. Each change in the Applicable Rate shall apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change. Notwithstanding the foregoing, at any time prior to the time the first delivery of financial statements under Section 7.01 after the Closing Date, the Applicable Rate shall be determined as if the Net Funded Debt to EBITDA Ratio were at Performance Level 1.
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 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. (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 0000 Xxxxxxx Xxxxxxxxx, 0xx Xxxxx Xxxxxxx, Xxxxxxxxxx 00000 ATTENTION: ________________