Domestic Rate Portions definition

Domestic Rate Portions is defined in Section 2.1(a) hereof.
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Domestic Rate Portions is defined in Section 2.1(a) hereof. "EBIT" means, for any period, Consolidated Net Income for such period plus all amounts deducted in arriving at such Consolidated Net Income amount for such period for Interest Expense and for foreign, federal, state and local income tax expense. "EBITDA" means, for any period, EBIT for such period plus (i) all amounts deducted in arriving at such EBIT in respect of all amounts properly charged for depreciation of fixed assets and amortization of Capital Leases and intangible assets during such period on the books of the Company and its Subsidiaries and (ii) (to the extent such period includes the third fiscal quarter of the fiscal year of the Company ended on or about December 31, 1998) all the Fiscal 1998 Charges during such period, all as determined in accordance with GAAP. "EMU" means economic and monetary union as contemplated in the Treaty on European Union. "EMU Commencement" means the date of commencement of the third stage of EMU (which at the date hereof is expected to be on January 1, 1999) or the date on which circumstances arise which (in the opinion of the Agent) have substantially the same effect and result in substantially the
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Domestic Rate Portions is defined in Section >2.1(a) hereof. "EBIT" means, for any period, Consolidated Net Income for such period plus all amounts deducted in arriving at such Consolidated Net Income amount for such period for Interest Expense and for foreign, federal, state and local income tax expense. "EBITDA" means, for any period, EBIT for such period plus all amounts deducted in arriving at such EBIT in respect of all (i) amounts properly charged for depreciation of fixed assets and amortization of Capital Leases and intangible assets during such period on the books of the Company and its Subsidiaries and (ii) (to the extent such period includes the third fiscal quarter of the fiscal year the Company ended on or about December 31, 1998) all the Fiscal 1998 Charges during such period, all as determined in accordance with GAAP. "ERISA" means the Employee Retirement Income Security Act of 1974, as amended, or any successor statute thereto. "Event of Default" means any event or condition identified as such in Section 9.1 hereof. "Existing Lenders" means Xxxxxx Trust and Savings Bank, The First National Bank of Chicago and LaSalle National Bank. "Existing Credit Agreement" means the Short-Term Credit Agreement dated as of June 30, 1998, among the Company, Xxxxxx Trust and Savings Bank, as Agent and the Existing Lenders, as amended and supplemented. "Fiscal 1998 Charges" means up to $5,158,000 of the charges taken by the Company against its earnings in the third fiscal quarter of its fiscal year ended on or about December 31, 1998 for the Company's costs (including internal costs) related to the Texcan Acquisition (including the consolidation of redundant facilities). "GAAP" means generally accepted accounting principles as in effect from time to time, applied by the Company and its Subsidiaries on a basis consistent with the preparation of the Company's most recent financial statements furnished to the Lenders pursuant to Section 6.5 hereof. "Guarantor" means each Material Subsidiary (other than, subject to Section 4.1, Anicom Canada) of the Company that executes and delivers to the Agent a Guaranty Agreement. "Guaranty Agreement" means each guaranty issued by a Material Subsidiary to the Agent guaranteeing all or any Obligations. "Indebtedness for Borrowed Money" means for any Person (without duplication) (i) all indebtedness created, assumed or incurred in any manner by such Person representing money
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Examples of Domestic Rate Portions in a sentence

  • Any change in the interest rate on the Domestic Rate Portions resulting from a change in the Domestic Rate shall be effective on the date of the relevant change in the Domestic Rate.

  • All interest on the Fixed Rate Portions of the Notes shall be computed on the basis of a year of 360 days for the actual number of days elapsed and all interest on the Domestic Rate Portions of the Notes shall be computed on the basis of a year of 365 or 366 days, as the case may be, for the actual number of days elapsed.

  • Upon the giving of such notice, the Borrower may, on the last day of the then applicable Interest Period, elect to either (i) pay the Affected Portions or (ii) convert such Portions into the Domestic Rate Portions or an available Portion selected by the Borrower of a type not affected by the foregoing, subject to the terms and conditions of this Agreement.

  • Each such notice shall specify the date of the Portion requested (which shall be a Business Day in the case of Domestic Rate Portions and a Banking Day in the case of a Eurodollar Portion), the amount of such Portion or the amount to be converted, as the case may be, whether the Portion is to be made available by means of a Domestic Rate Portion or Eurodollar Portion and, with respect to Eurodollar Portions, the Interest Period applicable thereto.

  • LIBOR Portions may be denominated in U.S. Dollars or an Alternative Currency, but Domestic Rate Portions must be denominated in U.S. Dollars only.

  • Interest on the Domestic Rate Portions shall be payable quarter-annually on the last day of each June, September, December and March in each year (commencing June 30, 1996) and at maturity of the Notes, and interest after maturity (whether by lapse of time acceleration or otherwise) shall be due and payable upon demand.

  • Each such notice shall specify the date of the Loan requested (which shall be a Business Day in the case of Domestic Rate Portions and CD Rate Portions and a Banking Day in the case of a Eurodollar Portion), the amount of such Loan, whether the Loan is to be made available by means of a Domestic Rate Portion, CD Rate Portion or Eurodollar Portion and, with respect to Fixed Rate Portions, the Interest Period applicable thereto.

  • All interest on the Domestic Rate Portions or the indebtedness evidenced by the Notes shall be computed on the basis of a year of 365/366 days for the actual number of days elapsed and all other interest on the Notes and all fees, charges and commissions due hereunder shall be computed on the basis of a year of 360 days for the actual number of days elapsed.

  • Subject to the terms and conditions of this Section 2, portions of the principal indebtedness evidenced by the Notes (all of the indebtedness evidenced by Notes of the same type bearing interest at the same rate for the same period of time being hereinafter referred to as a "Portion") may, at the option of the Company, bear interest with reference to the Domestic Rate ("Domestic Rate Portions") or with reference to the Adjusted LIBOR ("LIBOR Portions").

  • Interest on the Domestic Rate Portions shall be payable monthly on the first day of each calendar month in each year and at maturity of the Notes and interest after maturity shall be due and payable upon demand.


More Definitions of Domestic Rate Portions

Domestic Rate Portions is defined in Section 2.1(a) hereof. "EBIT" means, for any period, Consolidated Net Income for such period plus all amounts deducted in arriving at such Consolidated Net Income amount for such period for Interest Expense and for foreign, federal, state and local income tax expense.
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Related to Domestic Rate Portions

  • Base Rate Portion of any Loan or Loans shall mean at any time the portion, including the whole, of such Loan or Loans bearing interest at such time (a) under the Base Rate Option or (b) in accordance with Section 4.05(b)(ii)(A) hereof. If no Loan or Loans is specified, “Base Rate Portion” shall refer to the Base Rate Portion of all Loans outstanding at such time.

  • 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%.

  • Specified Rate means, on any day, the sum of:

  • Alternate Base Rate Advance means an Advance which bears interest at the Alternate Base Rate.

  • Single Tranche means the amount of the Financing allocated to the category entitled “Single Tranche” in the table set forth in Part B of Section II of Schedule 1 to this Agreement.

  • Applicable Base Rate means (i) with respect to a Rate Period of fewer than 49 days, the greater of (a) the SIFMA Municipal Swap Index or (b) the LIBOR Rate, and (ii) with respect to a Rate Period of 49 or more days, the LIBOR Rate.

  • Applicable 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).

  • Applicable ABR Margin means, at any date:

  • Simple Interest Advance means, with respect to a Simple Interest Receivable, the amount, as of the last day of a Collection Period, which is advanced with respect to such Simple Interest Receivable by the Servicer pursuant to Section 4.4(a) of the Sale and Servicing Agreement.

  • Applicable Advance Rate For each Collateral Obligation and for the applicable number of Business Days between the certification date for a sale or participation required by Section 9.4 and the expected date of such sale or participation, the percentage specified below: Senior Secured Loans with a Market Value of: 90% or more of par 100 % 93 % 92 % 88 % Below 90% of par 100 % 80 % 73 % 60 % Other Collateral Obligations with a Xxxxx’x Rating of at least “B3” and a Market Value of 90% or more of par 100 % 89 % 85 % 75 % All other Collateral Obligations 100 % 75 % 65 % 45 %

  • Maximum Revolving Advance Amount means $25,000,000.

  • Prime-based Rate means, for any day, that rate of interest which is equal to the sum of the Applicable Margin plus the greater of (i) the Prime Rate, and (ii) the Alternate Base Rate.

  • Reference Rate Advance means an Advance which bears interest as provided in Section 2.09(a).

  • Applicable Interest Rate Margin means (a) as to any Base Rate Advance, the applicable rate per annum set forth below under the caption “Base Rate Spread” and (b) as to any LIBO Rate Advance, the applicable rate per annum set forth below under the caption “LIBO Rate Spread”, determined by reference to the higher of (i) the rating of Mondelēz’s long-term senior unsecured Debt from Standard & Poor’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Standard & Poor’s for Mondelēz) and (ii) the rating of Mondelēz’s long-term senior unsecured Debt from Moody’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Moody’s for Mondelēz), in each case on such date: A or higher by Standard & Poor’s A2 or higher by Moody’s 0.000 % 0.835 % A- by Standard & Poor’s A3 by Moody’s 0.000 % 0.940 % BBB+ by Standard & Poor’s Baa1 by Moody’s 0.045 % 1.045 % BBB by Standard & Poor’s Baa2 by Moody’s 0.150 % 1.150 % Lower than BBB by Standard & Poor’s Lower than Baa2 by Moody’s 0.250 % 1.250 % provided that if on any date of determination (x) a rating is available on such date from only one of Standard & Poor’s and Moody’s but not the other, the Applicable Interest Rate Margin shall be determined by reference to the then available rating; (y) no rating is available from either of Standard & Poor’s or Moody’s, the Applicable Interest Rate Margin shall be determined by reference to the rating of any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders and (z) no rating is available from any of Standard & Poor’s, Moody’s or any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders, the Applicable Interest Rate Margin shall be 0.250% as to any Base Rate Advance and 1.250% as to any LIBO Rate Advance.

  • Applicable Revolving Credit Percentage means with respect to any Revolving Credit Lender at any time, such Revolving Credit Lender’s Applicable Percentage in respect of the Revolving Credit Facility at such time.

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

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

  • Permitted Prepayment Date means the Business Day after the second (2nd) anniversary of the first Payment Date

  • Unused Revolving Line Facility Fee is defined in Section 2.4(d).

  • SOFR-Based Rate means SOFR or Term SOFR.

  • Applicable L/C Margin means the per annum fee, from time to time in effect, payable with respect to outstanding Letter of Credit Obligations as determined by reference to Section 1.5(a).

  • Fixed Incremental Amount has the meaning specified in the definition of “Permitted Incremental Amount.”

  • Revolving Interest Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • 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-Based Rate means, with respect to each Interest Period, the per annum interest rate equal to the London Interbank Offered Rate which appears on Telerate Page 3750 at approximately 11:00 a.m. (London time) two LIBOR Business Days prior to the first day of such Interest Period for deposits of United States dollars for a period of time comparable to the Interest Period, and in an amount comparable to the principal amount of the Loan, plus 0.35%.

  • 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: