Eurodollar Applicable Margin definition
Examples of Eurodollar Applicable Margin in a sentence
If any change in Credit Rating occurs during an Interest Period, the new Eurodollar Applicable Margin, Applicable Facility Fee Rate and Applicable Utilization Fee Rate shall become effective from the date of the public announcement.
The Eurodollar Applicable Margin, the Applicable Facility Fee Rate and the Applicable Utilization Fee Rate for any period shall be determined on the basis of the publicly announced ratings ("Credit Ratings") by Moody's and S&P on the Borrower's Rated Debt during such period, in e▇▇▇ ▇▇▇e in accordance with the table set forth below, to change when and as such Credit Ratings change.
Interest shall accrue and be payable on each Eurodollar Advance at the simple per annum interest rate equal to the sum of (A) the Eurodollar Basis applicable to such Eurodollar Advance and (B) the Eurodollar Applicable Margin.
Very truly yours, By: ___________________________________ Title: (in bps) Debt Rating (S&P/▇▇▇▇▇’▇/Fitch) Commitment Fee Applicable Margin (Eurodollar) Applicable Margin (Base Rate) Each change in a rating shall be effective as of the date it is announced by the applicable rating agency.
The Eurodollar Applicable Margin, the Applicable Facility Fee Rate and the Applicable Utilization Fee Rate for any period shall be determined on the basis of the publicly announced ratings ("Credit Ratings") by M▇▇▇▇'▇ and S&P on the Borrower's Rated Debt during such period, in each case in accordance with the table set forth below, to change when and as such Credit Ratings change.