Extending Lender Applicable Margin means, (i) with respect to any ABR Loan, 1.00% per annum and (ii) with respect to any Term Benchmark Loan, 2.00% per annum.
Extending Lender Applicable Margin means: (a) with respect to any ABR Loan, 0.875% per annum; (b) with respect to any Term Benchmark Loan, 1.875% per annum, (c) with respect to any RFR Loan 1.875% per annum; provided that (x) if the Gross Borrowing Base (as of the most recently delivered Borrowing Base Certificate) is greater than or equal to the product of 1.60 and the Combined Debt Amount, (i) with respect to any ABR Loan, 0.75% per annum, (ii) with respect to any Term Benchmark Loan, 1.75% per annum; (iii) with respect to any RFR Loan, 1.75% per annum.
Extending Lender Applicable Margin means (a) if the Borrowing Base (as of the most recently delivered Borrowing Base Certificate) is greater than or equal to the product of 1.60 and the Combined Debt Amount, (i) with respect to any ABR Loan, 1.00% per annum, (ii) with respect to any Term Benchmark Loan, 2.00% per annum and (iii) with respect to any RFR Loan, 2.00% per annum; and (b) if the Borrowing Base (as of the most recently delivered Borrowing Base Certificate) is less than the product of 1.60 and the Combined Debt Amount, (i) with respect to any ABR Loan, 1.25% per annum, (ii) with respect to any Term Benchmark Loan, 2.25% per annum and (iii) with respect to any RFR Loan, 2.25% per annum.
Examples of Extending Lender Applicable Margin in a sentence
The Loans constituting each ABR Borrowing (including each Swingline Loan) held by the Extending Lenders shall bear interest at a rate per annum equal to the Alternate Base Rate plus the Extending Lender Applicable Margin.
The Loans constituting each RFR Borrowing held by the Extending Lenders shall bear interest at a rate per annum equal to the Daily Simple RFR plus the Extending Lender Applicable Margin for the related Interest Period.
Figure 4.5 showsthe monthly average departures from pre-1989 values for the UV spectral calculations compared with those of Brewer and Dobson direct sun measurements and satellite measure- ments.
More Definitions of Extending Lender Applicable Margin
Extending Lender Applicable Margin means: (a) with respect to any ABR Loan, 0.875% per annum; (b) with respect to any Eurocurrency Loan, 1.875% per annum, (c) with respect to any RFR Loan 1.875% per annum plus the Applicable Credit Adjustment Spread; provided that (x) if the Borrowing Base (as of the most recently delivered Borrowing Base Certificate) is greater than or equal to the product of 1.60 and the Combined Debt Amount, (i) with respect to any ABR Loan, 0.75% per annum, (ii) with respect to any Eurocurrency Loan, 1.75% per annum; (iii) with respect to any RFR Loan, 1.75% per annum plus the Applicable Credit Adjustment Spread.
Extending Lender Applicable Margin means with respect to any ABR Loan, 1.00% per annum and with respect to any Term Benchmark Loan or Daily Simple RFR Loan, 2.00% per annum; provided that (a) at any time the Borrower has long-term corporate debt ratings from any two of Xxxxx’x, S&P or Fitch of at least Baa3 in the case of Xxxxx’x, BBB- in the case of S&P or BBB- in the case of Fitch, the Extending Lender Applicable Margin shall be (i) with respect to any ABR Loan, 0.875% per annum and (ii) with respect to any Term Benchmark Loan or Daily Simple RFR Loan, 1.875% per annum and (b) if the Gross Borrowing Base (as of the most recently delivered Borrowing Base Certificate) is greater than or equal to the product of 1.60 and the Combined Debt Amount, (i) with respect to any ABR Loan, 0.75% per annum and (ii) with respect to any Term Benchmark Loan or Daily Simple RFR Loan, 1.75% per annum.
Extending Lender Applicable Margin has the meaning set forth in Section 2.06(a).
Extending Lender Applicable Margin means (i) with respect to any Base Rate Advance, 0.875% and (ii) with respect to any Term Benchmark Advance, 1.875%.
Extending Lender Applicable Margin means: (a) with respect to any ABR Loan, 0.8750.775% per annum; (b) with respect to any Term Benchmark Loan, 1.8751.775% per annum,; and (c) with respect to any RFR Loan 1.8751.775% per annum; provided that (x) if the Gross Borrowing Base (as of the most recently delivered Borrowing Base Certificate) is greater than or equal to the product of 1.60 and the Combined Debt Amount but less than the product of 2.00 and the Combined Debt Amount, (i) with respect to any ABR Loan, 0.750.650% per annum, (ii) with respect to any Term Benchmark Loan, 1.751.650 % per annum; and (iii) with respect to any RFR Loan, 1.75% per annum.1.650% per annum and (y) if the Gross Borrowing Base (as of the most recently delivered Borrowing Base Certificate) is greater than or equal to the product of 2.00 and the Combined Debt Amount, (i) with respect to any ABR Loan, 0.525% per annum; (ii) with respect to any Term Benchmark Loan, 1.525% per annum; and (iii) with respect to any RFR Loan, 1.525% per annum. Any change in the Applicable Margin due to a change in the ratio of the Gross Borrowing Base to the Combined Debt Amount as set forth in any Borrowing Base Certificate shall be effective from and including the day immediately succeeding the date of delivery of such Borrowing Base Certificate; provided that if any Borrowing Base Certificate has not been delivered in accordance with Section 5.01(d), then from and including the day immediately succeeding the date on which such Borrowing Base Certificate was required to be delivered, the Applicable Margin shall be determined without giving effect to the proviso above to and including the date on which the required Borrowing Base Certificate is delivered.