Facility Margin. Defined in Section 2.13(b).
Facility Margin means (i) 2.752.25% per annum during the Reinvestment Period and (ii) 2.90% per annum after the Reinvestment Period; provided that following the occurrence and during the continuation of an Event of Default or Termination Date, the Facility Margin above shall increase by 2.00% per annum.
Facility Margin means (i) at any time during the Availability Period, 75 basis points and (ii) thereafter, 75 basis points plus an additional 25 basis points for each period of three consecutive Interest Periods during which any Loan remains outstanding.
Examples of Facility Margin in a sentence
For the avoidance of doubt, Advances from the Lenders used to repay Swingline Advances shall accrue interest at the Benchmark plus the Facility Margin.
More Definitions of Facility Margin
Facility Margin means 175 basis points.
Facility Margin means either (a) with respect to the Euro-Rate or the Daily One-Month LIBO Rate, two percent (2.00%), or (b) with respect to the Base Rate, one percent (1.00%).
Facility Margin. As set forth in the Fee Letter.
Facility Margin means the following per annum percent applicable from time to time based on the ratio of Funded Debt to EBITDA determined on a rolling four quarter basis at the end of the applicable fiscal quarter: Ratio of Funded Debt to EBITDA Facility Margin ------------------------------ --------------- Less than 1.75 to 1.0 0.125% Equal to or greater than 1.75 to 1.0 0.150% but less than 2.50 to 1.0 Equal to or greater than 2.50 to 1.0 0.200% but less than or equal to 3.25 to 1.0 The foregoing ratios shall be determined as of the end of each fiscal quarter based upon the financial statements to be delivered by the Company pursuant to Section 5.1(d)(ii). The determination of the Facility Margin as of the end of each such fiscal quarter shall be set forth on a certificate prepared by the Company and delivered with the financial statements to be delivered with respect to such quarter pursuant to Section 5.1(d)(ii). Any increase or decrease in the Facility Margin shall become effective beginning after the fifth Business Day following the date on which the Company delivers to the Agent its financial statements in accordance with Section 5.1(d)(ii), together with a certificate showing that a change in the Facility Margin is required; provided, however, if the financial statements required by Section 5.1(d)(ii) for the applicable quarters, together with the foregoing certificate, are not delivered within the required time period, then, until such delivery the "Facility Margin" shall be deemed to be 0.200%. Notwithstanding the foregoing, until the financial statements for the quarter ended June 30, 1997 are delivered pursuant to Section 5.1(d)(ii), the Facility Margin shall be deemed to be 0.200%.
Facility Margin means, with respect to a One Month LIBOR Interest Period, 200 basis points per annum and, with respect to a Corporate Base Rate Interest Period, 100 basis points per annum.
Facility Margin means the following per annum percent applicable from time to time based on the ratio of Funded Debt to EBITDA determined on a rolling four quarter basis at the end of the applicable fiscal quarter: Ratio of Funded Debt to EBITDA Facility Margin Less than 1.75 to 1.0 0.100% Equal to or greater than 1.75 to 1.0 0.125% but less than 2.50 to 1.0 Equal to or greater than 2.50 to 1.0 0.150% but less than or equal to 3.25 to 1.0 The foregoing ratios shall be determined as of the end of each fiscal quarter based upon the financial statements to be delivered by the Company pursuant to Section 5.1(d)(ii). The determination of the Facility Margin as of the end of each such fiscal quarter shall be set forth on a certificate prepared by the Company and delivered with the financial statements to be delivered with respect to such quarter pursuant to Section 5.1(d)(ii). Any increase or decrease in the Facility Margin shall become effective beginning after the fifth Business Day following the date on which the Company delivers to the Agent its financial statements in accordance with Section 5.1(d)(ii), together with a certificate showing that a change in the Facility Margin is required; provided, however, if the financial statements required by Section 5.1(d)(ii) for the applicable quarters, together with the foregoing certificate, are not delivered within the required time period, then, until such delivery the Facility Margin shall be deemed to be 0.150%. Notwithstanding the foregoing, until the financial statements for the quarter ended June 30, 1998 are delivered pursuant to Section 5.1(d)(ii), the Facility Margin shall be based on the financial statements delivered to Agent for the quarter ended March 31, 1998.