Incremental Margin definition

Incremental Margin as defined in subsection 4.18.

Incremental Margin has the meaning specified in Section 2.16(a).

Incremental Margin means, at all times during each fiscal quarter during the Incremental Margin Period, (a) zero (0) if Consolidated Funded Debt at the end of the immediately preceding fiscal quarter is not more than 400% of Consolidated EBITDA for the period of four (4) consecutive fiscal quarters of the Company then most recently ended, (b) one half of one percent (0.50%) if Consolidated Funded Debt at the end of the immediately preceding fiscal quarter is more than 400% but less than 450% of Consolidated EBITDA for the period of four (4) consecutive fiscal quarters of the Company then most recently ended and (c) three quarters of one percent (0.75%) if Consolidated Funded Debt at the end of the immediately preceding fiscal quarter is not less than 450% of Consolidated EBITDA for the period of four (4) consecutive fiscal quarters of the Company then most recently ended.

Examples of Incremental Margin in a sentence

• Notwithstanding anything to the contrary set forth in this Agreement or in any of the other Financing Documents, at all times during the Incremental Margin Period the interest rate then in effect for the Notes shall be increased by an amount equal to the Incremental Margin then in effect.

• No payments or repayments of Incremental Margin shall be made under the CBA Distribution Agreement with respect to the third quarter of 2008 or thereafter and neither party shall be obligated to make any additional payments or repayments as a result of the calculation of payments of Incremental Margin for any portion of 2008 prior to the Effective Date.

• In the event that the Incremental Margin is less the Guaranteed Amount for the applicable twelve month period (or portion thereof), Distributor will invoice TMC for the amount of the deficiency within 30 days following the end of such period, and TMC shall pay the invoiced deficiency to Distributor within 30 days after the date of the invoice.

• Except as otherwise provided herein, the Loans constituting each Borrowing shall bear interest at a rate per annum equal to the Adjusted LIBO Rate for the Interest Period for such Borrowing plus the Applicable Margin plus the Incremental Margin.

• Accrued interest on each LIBOR Loan (other than the portion of accrued interest on such LIBOR Loan attributable to the Incremental Margin) shall be payable on the last day of each Interest Period relating to such Loan (and, in the case of a LIBOR Loan (other than the portion of accrued interest on such LIBOR Loan attributable to the Incremental Margin) with an Interest Period in excess of three months, on the three-month anniversary of the first day of such Interest Period), and at maturity.

More Definitions of Incremental Margin

Incremental Margin means one half of one percent (0.50%) at all times during 4FQ03 and at all other times during each other fiscal quarter during the Incremental Margin Period, (a) zero (0) if Consolidated Funded Debt at the end of the immediately preceding fiscal quarter is less than 400% of Consolidated EBITDA for the period of four (4) consecutive fiscal quarters of the Company then most recently ended, (b) three quarters of one percent (0.75%) if Consolidated Funded Debt at the end of the immediately preceding fiscal quarter equal to or more than 400% but less than 450% of Consolidated EBITDA for the period of four (4) consecutive fiscal quarters of the Company then most recently ended, (c) one percent (1.00%) if Consolidated Funded Debt at the end of the immediately preceding fiscal quarter is equal to or more than 450% but less than 500% of Consolidated EBITDA for the period of four (4) consecutive fiscal quarters of the Company then most recently ended, (d) one and one quarter of one percent (1.25%) of Consolidated Funded Debt at the end of the immediately preceding fiscal quarter is equal to or more than 500% but less than 550% of Consolidated EBITDA for the period of four (4) consecutive fiscal quarters of the Company then most recently ended and (e) one and one half of one percent (1.50%) if Consolidated Funded Debt at the end of the immediately preceding fiscal quarter is equal to or more than 550% of Consolidated EBITDA for the period of four (4) consecutive fiscal quarters of the Company then most recently ended.

Incremental Margin has the meaning defined in Section 2.10(c).

Incremental Margin has the meaning specified in Section 2.16(a). ------------------ ---------------

Incremental Margin as defined in subsection 2.1(b)(iii).

Incremental Margin means (i) prior to the date that is six months after the Closing Date, 0%, and (ii) on and after such date that is six months after the Closing Date 0.50% plus, for each further period of three months that shall have elapsed subsequent to such six month date, 0.25%.

Incremental Margin means (i) prior to May 31, 2008, 0%, (ii) from May 31, 2008 through but excluding the 90-day anniversary thereof, 0.25% and (iii) thereafter, 0.50%; provided that the Incremental Margin shall be 0% on any date on and after the Initial Exchange Date.

Incremental Margin means during 2004, * per case-equivalent (of 288 fluid ounces per case) for packaged or draft Product. For 2005 and future years, the applicable amount described above in this definition shall increase or decrease for each calendar year pursuant to the methodology set forth in ATTACHMENT C attached hereto.