Interest Margin or "rm" means the percentage specified as such in the table below. The Calculation Agent may adjust the Interest Margin, acting in good faith and in a commercially reasonable manner, to reflect any disparity between the Reference Interest Rate and the Issuer's funding rate, save that the Interest Margin will not be less than the Minimum Interest Margin and will not exceed the Maximum Interest Margin;
Interest Margin. Except as set forth in the following sentence, with respect to each Class of Regular Certificates, the following percentages: Class I-A Certificates, 0.150%; Class II-A-1 Certificates, 0.050%; Class II-A-2 Certificates, 0.110%; Class II-A-3 Certificates, 0.160%; Class II-A-4 Certificates, 0.240%; Class M-1 Certificates, 0.270%; Class M-2 Certificates, 0.310%; Class M-3 Certificates, 0.330%; Class M-4 Certificates, 0.380%; Class M-5 Certificates, 0.420%; Class M-6 Certificates, 0.510%, Class M-7 Certificates, 0.950%, Class M-8 Certificates, 1.100%, Class M-9 Certificates, 1.950%, Class M-10 Certificates, 2.000% and Class M-11 Certificates, 2.000%. On the first Distribution Date after the Optional Termination Date, the Interest Margins shall increase to the following percentages: Class I-A Certificates, 0.300%; Class II-A-1 Certificates, 0.100%; Class II-A-2 Certificates, 0.220%; Class II-A-3 Certificates, 0.320%; Class II-A-4 Certificates, 0.480%; Class M-1 Certificates, 0.405%; Class M-2 Certificates, 0.465%; Class M-3 Certificates, 0.495%; Class M-4 Certificates, 0.570%; Class M-5 Certificates, 0.630%; Class M-6 Certificates, 0.765%, Class M-7 Certificates, 1.425%, Class M-8 Certificates, 1.650%, Class M-9 Certificates, 2.925%, Class M-10 Certificates, 3.000% and Class M-11 Certificates, 3.000%.
Interest Margin means the annual percentage rate, if any, above or below the Prime Rate set out or referred to in time 5(b) of the Mortgage Form;
Examples of Interest Margin in a sentence
Thereafter, the applicable Additional Base Rate Interest Margin, Additional Daily Simple RFR Interest Margin, Additional Eurocurrency Interest Margin, Revolving Facility Commitment Fee rate, Letter of Credit Fee rate and Additional Term SOFR Interest Margin shall be (i) based on the VSE Entities’ Total Funded Debt to EBITDA Ratio, calculated in accordance with Section 6.15 of this Agreement, and (ii) determined in accordance with Exhibit 7 attached hereto.
Interest: Loans under the Term A Facility and the Revolving Credit Facility will bear interest, at the Borrower’s options, at (A) the Base Rate plus the Interest Margin (as defined below) or (B) Adjusted Term SOFR plus the Interest Margin.
More Definitions of Interest Margin
Interest Margin set forth in Section 1 of the Credit Agreement shall be amended and restated to read in its entirety as follows:
Interest Margin means 2.5% per annum.
Interest Margin. For each Class of LIBOR Notes, for any Payment Date prior to the Stepup Date, the following per annum rate: Class 1A1, 0.330%; Class 1A2, 0.400%; Class 2A1, 0.340%; Class M1, 0.600%; Class M2, 0.630%; Class M3, 0.690%; Class M4, 1.050%; Class M5, 1.150%; Class M6, 1.350%; Class M7, 1.800%; Class M8, 2.000%; Class M9, 3.100%; Class B1A, 3.000%; Class B2, 3.000%; and Class B3, 3.000%; and for the Stepup Date and each Payment Date thereafter, the following per annum rate: Class 1A1, 0.660%; Class 1A2, 0.800%; Class 2A1, 0.680%; Class M1, 0.900%; Class M2, 0.945%; Class M3, 1.035%; Class M4, 1.575%; Class M5, 1.725%; Class M6, 2.025%; Class M7, 2.700%; Class M8, 3.000%; Class M9, 4.650%; Class B1A, 4.500%; Class B2 4.500%; and Class B3, 4.500%.
Interest Margin means, effective on the Fifth Amendment Date, with respect to any Eurodollar Loan, 7.50% or, with respect to any Alternative Base Loan, 5.75% plus in each case the PIK Interest Rate. Notwithstanding the foregoing, (a) effective on October 1, 2002, each of the foregoing Interest Margins shall be increased by 1.00%, and (b) effective during the period April 1, 2003, to and including May 9, 2003, each of the foregoing Interest Margins shall be further increased by 2.00%.
Interest Margin. For each Class of Notes and any Payment Date, the applicable percentage set forth for such class in the following table:
Interest Margin. For each Class of Notes (other than the Class A-IO Notes), for any Payment Date on or before the Redemption Date, the following per annum rate: Class 1-A, 0.240%; Class 2-A, 0.260%; Class 2-A1, 0.160%; Class 2-A2, 0.420%; Class M1, 0.550%; Class M2, 1.150%; Class M3, 1.400%; Class M4, 2.000%; Class M5, 2.150% and Class M6, 3.250%; and for any Payment Date after the Redemption Date, the following per annum rate: Class 1-A, 0.480%; Class 2-A, 0.520%; Class 2-A1, 0.320%; Class 2-A2, 0.840%; Class M1, 0.825%; Class M2, 1.725%; Class M3, 2.100%; Class M4, 3.000%; Class M5, 3.225%; and Class M6, 4.875%.
Interest Margin. , if applicable, means the percentage rate above the Prime Rate set out in the Mortgage Form;