Eurodollar Spread means, on any date and with respect to each Eurodollar Advance, the applicable rate per annum set forth in Schedule A based on the applicable Rating Level and Debt/Capitalization Ratio on such date.
Eurodollar Spread or "Commitment Fee Rate", as the case may be, based upon the Leverage Ratio as of the most recent determination date, provided that until the delivery to the Administrative Agent, pursuant to Section 5.01(b), of Holdings's consolidated financial statements for Holdings's first fiscal quarter ending after the Effective Date, the "Applicable Margin" for purposes of clause (b) above shall be the applicable margin per annum set forth below in Category 1: -------------------------------------------------------------------------------- ABR Eurodollar Commitment Fee Leverage Ratio: Spread Spread Rate -------------------------------------------------------------------------------- Category 1 Equal to or greater 1.50% 2.50% 0.50% than 1.00 to 1.00 -------------------------------------------------------------------------------- Category 2 Less than 1.00 to 1.00 1.25% 2.25% 0.50% but equal to or greater than 0.50 to 1.00 -------------------------------------------------------------------------------- Category 3 Less than 0.50 to 1.00 1.00% 2.00% 0.50% but equal to or greater than 0.25 to 1.00 -------------------------------------------------------------------------------- Category 4 0.75% 1.75% 0.50% Less than 0.25 to 1.00 -------------------------------------------------------------------------------- For purposes of the foregoing, (a) the Leverage Ratio shall be determined as of the end of each fiscal quarter of Holdings's fiscal year based upon Holdings's consolidated financial statements delivered pursuant to Section 5.01(a) or (b) and (b) each change in the Applicable Margin resulting from a change in the Leverage Ratio shall be effective during the period commencing on and including the first Business Day after the date of delivery to the Administrative Agent of such consolidated financial statements indicating such change and ending on the date immediately preceding the effective date of the next such change, provided that the Leverage Ratio shall be deemed to be in Category 1 (i) at any time that an Event of Default has occurred and is continuing or (ii) at the option of the Administrative Agent or at the request of the Required Lenders if Holdings fails to deliver the consolidated financial statements required to be delivered by it pursuant to Section 5.01(a) or (b), during the period from the expiration of the time for delivery thereof until such consolidated financial statements are delivered.
Eurodollar Spread means 102.37 basis points (1.0237%).
Examples of Eurodollar Spread in a sentence
Notwithstanding anything set forth in this Agreement, Swingline Loans shall bear interest at the Swingline Lender quoted cost of funds plus the Applicable Rate (Eurodollar Spread) for Tranche B Term Loans; provided, however, that Swingline Loans shall bear interest at a rate no higher than at the Alternate Base Rate plus the Applicable Rate (ABR Spread) for Revolving Loans.
Any change in the Eurodollar Spread attributable to a change in the Debt/Capitalization Ratio, if any, shall be effective on the forty-fifth (45th) day following the end of the calendar quarter in which occurred a change in Debt/Capitalization Ratio.
Adjustments in the Eurodollar Spread (bps) for a Eurodollar Rate Loan based upon a change in a Debt Rating level shall be effective on the first day following the change in such Debt Rating.
Subject to Section 2.06(c), the Borrower agrees ---------------- to pay interest in respect of the unpaid principal amount of each Eurodollar Loan from the date thereof until payment in full thereof at a rate per annum which shall be the sum of the Applicable Rate (Eurodollar Spread) plus the relevant Adjusted LIBO Rate, but in no event to exceed the Highest Lawful Rate.
Hangers shall not pierce insulation and all vapor barriers shall be unbroken and continuous.
More Definitions of Eurodollar Spread
Eurodollar Spread means two and 25/100 percent (2.25%).
Eurodollar Spread means two and 50/100 percent (2.50%), provided that, if Mortgagor satisfies the Rate Reduction Conditions and only during the time such Rate Reduction Conditions remain satisfied, then "EURODOLLAR SPREAD", when used to calculate the rate of interest applicable to portions of Advances funded shall mean two and 25/100 percent (2.25%). At all times when the Rate Reduction Conditions are not satisfied, the Eurodollar Spread shall be two and 50/100 percent (2.50%).
Eurodollar Spread means, with respect to each Committed Eurodollar ----------------- Loan:
Eurodollar Spread or "Facility Fee Rate", as the case may be, based upon the ratings by S&P and Xxxxx'x, respectively, applicable on such date to the Index Debt of the Borrower (or the Parent, in the circumstance described below):
Eurodollar Spread. COMMITMENT FEE RATE" or "LETTER OF CREDIT FEE RATE", as the case may be, based upon the Applicable Leverage Ratio for such Performance Period (or portion thereof): REVOLVING LOANS AND TRANCHE A TERM LOANS ABR EURODOLLAR COMMITMENT LETTER OF CREDIT APPLICABLE LEVERAGE RATIO: SPREAD SPREAD FEE RATE FEE RATE ------------------------------------------------- ------ ------ -------- -------- /greater than/5.25 TO 1 0.500% 1.750% 0.500% 1.500% /greater than/ 4.75 TO 1 AND /less than/ 5.25 TO 1 0.250% 1.500% 0.375% 1.250% or equal to /greater than/ 4.25 TO 1 AND /less than/ 4.75 TO 1 0% 1.250% 0.375% 1.000% or equal to /greater than/ 3.75 TO 1 AND /less than/ 4.25 TO 1 0% 1.125% 0.300% 1.000% or equal to /greater than/ 3.25 TO 1 AND /less than/ 3.75 TO 1 0% 1.000% 0.300% 0.750% or equal to /greater than/ 2.75 TO 1 AND /less than/ 3.25 TO 1 0% 0.750% 0.250% 0.500% or equal to /less than/ 2.75 TO 1 0% 0.625% 0.200% 0.500% or equal to TRANCHE B TERM LOANS APPLICABLE LEVERAGE RATIO: ABR SPREAD EURODOLLAR SPREAD -------------------------------------------------- ---------- ----------------- /greater than/ 5.25 TO 1 0.750% 2.000% /greater than/ 3.75 TO 1 AND /less than/ 5.25 TO 1 0.500% 1.750% or equal to /less than/ 3.75 TO 1 0.250% 1.500% or equal to
Eurodollar Spread means the amount as set forth below: Term Facility Revolving Facility Status ------------- ------------------ --------------
Eurodollar Spread means one and one-half of one percent ----------------- (1.50%).