Daily LIBOR Margin definition

Daily LIBOR Margin set forth in Section 2.2, "DAILY LIBOR," of the 2000 Loan Agreement are hereby amended to recite as follows:
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Daily LIBOR Margin means 250 basis points (2.50%). Subject to any maximum or minimum interest rate limitation specified herein or by applicable law, the Daily LIBOR shall change automatically without notice to the Companies immediately on each Eurodollar business day with each change in the Daily LIBOR or the Eurodollar Reserve Percentage, as applicable, with any change thereto effective as of the opening of business on such Eurodollar business day.
Sample 1
Daily LIBOR Margin means 1.90% per annum.
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Examples of Daily LIBOR Margin in a sentence

  • The Companies may from time to time prior to the Revolving Loan Maturity Date or the Capex Loan Maturity Date, as the case may be, elect to have interest accrue on all or part of the outstanding principal balance of the Revolving Loan or the Capex Loan at a rate of interest equal to the Daily LIBOR, plus the applicable Daily LIBOR Margin.

  • The Companies may from time to time prior to the Revolving Loan Maturity Date elect to have interest accrue on all or part of the outstanding principal balance of the Revolving Loan at a rate of interest equal to the Daily LIBOR, plus the applicable Daily LIBOR Margin.


More Definitions of Daily LIBOR Margin

Daily LIBOR Margin means 175 basis points (1.75%), subject to the provisions of Section 2.11 set forth below. In addition, Section 2.3 is hereby amended to provide that the Companies may obtain Daily LIBOR Advances under the Term Loan at a rate of interest equal to Daily LIBOR, plus the applicable Daily LIBOR Margin. The remainder of Section 2.3, "Daily LIBOR," shall remain as originally written.
Sample 1

Related to Daily LIBOR Margin

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

  • 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.

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

  • Daily LIBOR Rate means, for any day, the rate per annum determined by the Bank by dividing (x) the Published Rate by (y) a number equal to 1.00 minus the LIBOR Reserve Percentage.

  • 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 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).

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

  • 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

  • LIBOR Applicable Margin means, as of any date with respect to any LIBOR Interest Period, the Applicable Margin in effect for such LIBOR Interest Period as determined in accordance with Section 2.4 hereof.

  • 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.

  • 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 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%.

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

  • 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.

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

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

  • Applicable Revolver Index Margin means the per annum interest rate margin from time to time in effect and payable in addition to the Index Rate applicable to the Revolving Loan, as determined by reference to Section 1.5(a).

  • Applicable LIBOR Rate means, (a) for Auction Periods of 35 days or less, One-Month LIBOR, (b) for Auction Periods of more than 35 days but less than 91 days, Three-Month LIBOR, (c) for Auction Periods of more than 90 days but less than 181 days, Six-Month LIBOR, and (d) for Auction Periods of more than 180 days, One-Year LIBOR.

  • 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.

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

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

  • USD LIBOR means the London interbank offered rate for U.S. dollars.

  • Applicable ABR Margin means, at any date:

  • 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 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).