LIBO Applicable Margin definition

LIBO Applicable Margin is defined in the definition of “Applicable Margin”.
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LIBO Applicable Margin means two and one-half percent (2.50%) per annum.
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LIBO Applicable Margin means, for any Interest Period, the percentage set forth on Exhibit E.
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Examples of LIBO Applicable Margin in a sentence

  • If the Borrower, the Lenders and the Administrative Agent are unable to agree upon an interest rate (or rates) prior to the date occurring fifteen Business Days after the giving of such Determination Notice, the interest rate to take effect at the end of the Interest Period current at the date of the Determination Notice shall be equal to the sum of the LIBO Applicable Margin plus the Federal Funds Rate in effect from time to time.

  • The Loans constituting each LIBO Borrowing shall bear interest at a rate per annum equal to the Adjusted LIBO Rate for the Interest Period for such Borrowing plus the LIBO Applicable Margin.

  • If the Borrower, the Lenders and the Administrative Agent are unable to agree upon an interest rate (or rates) prior to the date occurring fifteen Business Days after the giving of such Determination Notice, the interest rate payable to the Lenders to take effect at the end of the Interest Period current at the date of the Determination Notice shall be equal to the sum of the LIBO Applicable Margin plus the Federal Funds Rate in effect from time to time.

  • Each LIBO Advance shall bear interest on the outstanding principal amount hereof at the Daily Fluctuating LIBO Rate plus the LIBO Applicable Margin.

  • The Commitment Fees payable to the Tranche B Lenders shall be payable by the Borrower on the Closing Date and shall be in an amount equal to the product of a rate per annum equal to one half of the LIBO Applicable Margin in effect from time to time, multiplied by the daily unused portion of the Tranche B Commitment Amount, multiplied by the actual number of days elapsed from the Effective Date to the Closing Date, divided by 360.

  • In the event that the Trust receives two (2) credit ratings that are not equivalent, the LIBO Applicable Margin and the Facility Fee Rate shall be determined by the higher of such two (2) credit ratings.

  • In the event that such two ratings are more than one rating apart, the LIBO Applicable Margin and the Facility Fee Rate will be determined based on the rating which is one rating above the lower of the two ratings.

  • In the event that the Trust receives more than two (2) credit ratings and such credit ratings are not equivalent, the LIBO Applicable Margin and the Facility Fee Rate shall be determined by the lower of the two (2) highest ratings, provided that each of said two (2) highest ratings shall be Investment Grade Ratings and at least one of such ratings shall be an Investment Grade Rating from S&P or Xxxxx’x.


More Definitions of LIBO Applicable Margin

LIBO Applicable Margin means, for any day, the rate per annum set forth below opposite the applicable Unsecured Credit Rating of the Borrower then in effect, in the column labeled “LIBO Applicable Margin” below: I > A+ > A1 > A+ 0.875% III A- A3 A- 1.000% IV BBB+ Baa1 BBB+ 1.150% V BBB Baa2 BBB 1.300% VI ≤ BBB- ≤ Baa3 ≤ BBB- 1.500%  If the Borrower has a Secured Credit Rating, but not an Unsecured Credit Rating, from any such rating agency, for purposes of determining the LIBO Applicable Margin, the Unsecured Credit Rating of the Borrower from such rating agency shall be deemed to be one level less than the level corresponding to the Secured Credit Rating from such rating agency. The LIBO Applicable Margin shall, in each case, be determined and adjusted (i) any time after the date of any credit rating agency report setting forth a new and increased or decreased credit rating for the Borrower and (ii) on the date that the Borrower ceases to have any credit rating from any of S&P, Moody’s or Fitch (each such adjustment date, a “LIBO Interest Determination Date”). Such LIBO Applicable Margin shall be effective from such LIBO Interest Determination Date until the next such LIBO Interest Determination Date. Each change in the LIBO Applicable Margin shall be applicable to all balances of LIBO Loans, including balances fixed prior to the date of the adjustment; provided, however that changes to the existing balances shall be applied prospectively only.
Sample 1
LIBO Applicable Margin means, for any day, the percentage rate per annum set forth below opposite the applicable Secured Credit Rating of the Borrower then in effect, in the column labeled “LIBO Applicable Margin” below: LevelS&P Credit RatingMoody’s Credit RatingFitch Credit RatingLIBOApplicable MarginI> A-> A3> A-1.000%III> BBB+> Baa1> BBB+1.100% IIIIIBBBBaa2BBB1.300% IIIIVBBB-Baa3BBB-1.500%IVVBB+BalBa1BB+1.650%VVIBBBa2BB2.125%VIVII≤ BB-≤ Ba3≤ BB-2.300% The LIBO Applicable Margin shall, in each case, be determined and adjusted (i) any time afteron the date of any credit rating agency report setting forth a new and decreased credit rating for the Borrower, (ii) with respect to any credit rating agency report setting forth a new and increased credit rating for the Borrower, no later than five (5) days after written notice from the Borrower to the Administrative Agent requesting the Administrative Agent to decrease the LIBO Applicable Margin and (iii) on the date that the Borrower ceases to have any credit rating from any of S&P, Moody’s or Fitch (each such adjustment date, a “LIBO Interest Determination Date”). Such LIBO Applicable Margin shall be effective from such LIBO Interest Determination Date until the next such LIBO Interest Determination Date. Each change in the LIBO Applicable Margin shall be applicable to all balances of LIBO Loans, including balances fixed prior to the date of the adjustment; provided that changes to the existing balances shall be applied prospectively only. If the Borrower’s Secured Credit Ratings fall within different levels in the above table, the LIBO Applicable Margin shall be determined as follows: (a) if the Borrower is rated by two such rating agencies, the lower rating level shall be the applicable level and (b) if the Borrower is rated by three such rating agencies, the level of two of the same level of Secured Credit Ratings shall be the applicable level or, if each of the Secured Credit Ratings is in a different level, the level which is the middle rating of the three Secured Credit Ratings shall be the applicable level. If the Borrower does not have a Secured Credit Rating from at least two of the rating agencies set forth above on any LIBO Interest Determination Date, the LIBO Applicable Margin shall be pricing level VIVII. References to ratings in the table above are references to rating categories as determined by the rating agencies as of the Effective Date and in the event of adoption of any new or changed rating system by any such ...
Sample 1
LIBO Applicable Margin means (a) in respect of Tranche A Loans, 0.09% per annum and (b) in respect to Tranche B Loans, the Tranche B LIBO Applicable Margin (as defined in the definition of “Applicable Margin”).
Sample 1

Related to LIBO Applicable Margin

  • LIBOR Applicable Margin means, as of any date with respect to any LIBOR Interest Period, the Applicable Margin in effect for such LIBOR Interest Period as determined in accordance with Section 2.4 hereof.

  • Applicable Margin means, with respect to Advances of any Type at any time, the percentage rate per annum which is applicable at such time with respect to Advances of such Type as set forth in the Pricing Schedule.

  • Applicable Eurodollar Rate Margin means, with respect to any Eurodollar Rate Advance, for each Pricing Period, the interest rate margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period:

  • Applicable LIBOR Rate Margin means the following per annum percentages, applicable in the following situations:

  • LIBOR Rate Margin has the meaning set forth in the definition of Applicable Margin.

  • Eurodollar Rate Margin means the margin over the Eurodollar Rate used in determining the rate of interest of Eurodollar Rate Loans pursuant to subsection 2.2A.

  • Applicable Margins means collectively the Applicable L/C Margin, the Applicable Unused Line Fee Margin, the Applicable Revolver Index Margin and the Applicable Revolver LIBOR Margin.

  • Base Rate Margin has the meaning set forth in the definition of Applicable Margin.

  • Applicable Eurocurrency Margin means, as at any date of determination, the rate per annum then applicable to Eurocurrency Rate Loans determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • LIBOR Margin has the meaning given that term in Section 2.2.(c)(ii)(D).

  • Applicable LIBOR Margin means the per annum interest rate from time to time in effect and payable in addition to the LIBOR Rate applicable to the Revolving Loan, as determined by reference to Section 1.5(a).

  • Applicable Base Rate Margin means, on any day, a rate per annum equal to the higher of (a) the Applicable Eurocurrency Margin for such day minus 1.00% and (b) 0.00%.

  • Applicable Eurodollar Margin means, as at any date of determination, the rate per annum then applicable to Eurodollar Rate Loans determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • Applicable ABR Margin means, at any date:

  • Prime Rate Margin is one-half of one percent (0.50%).”

  • ABR Margin as defined in subsection 2.21.

  • Applicable Prime Rate Margin shall have the meaning provided in section 2.7(g).

  • Eurodollar Margin means a rate per annum determined in accordance with the Pricing Schedule.

  • CD Margin means a rate per annum determined in accordance with the Pricing Schedule.

  • Floating Rate Margin means 7.50 per cent. per annum.

  • Applicable Revolver LIBOR Margin means the per annum interest rate from time to time in effect and payable in addition to the LIBOR Rate applicable to the Revolving Loan, as determined by reference to Section 1.5(a).

  • Free Margin means the amount of funds available in the Client Account, which may be used to open a position or maintain an Open Position. Free Margin shall be calculated as: Equity less (minus) Necessary Margin [Free margin = Equity- Necessary Margin].

  • Applicable L/C Margin means the per annum fee, from time to time in effect, payable with respect to outstanding Letter of Credit Obligations as determined by reference to Section 1.5(a).

  • Applicable LIBOR Rate means, (a) for Auction Periods of 35 days or less, One-Month LIBOR, (b) for Auction Periods of more than 35 days but less than 91 days, Three-Month LIBOR, (c) for Auction Periods of more than 90 days but less than 181 days, Six-Month LIBOR, and (d) for Auction Periods of more than 180 days, One-Year LIBOR.

  • Applicable Interest Rate Margin means (a) as to any Base Rate Advance, the applicable rate per annum set forth below under the caption “Base Rate Spread” and (b) as to any LIBO Rate Advance, the applicable rate per annum set forth below under the caption “LIBO Rate Spread”, determined by reference to the higher of (i) the rating of Mondelēz’s long-term senior unsecured Debt from Standard & Poor’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Standard & Poor’s for Mondelēz) and (ii) the rating of Mondelēz’s long-term senior unsecured Debt from Moody’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Moody’s for Mondelēz), in each case on such date: A or higher by Standard & Poor’s A2 or higher by Moody’s 0.000 % 0.835 % A- by Standard & Poor’s A3 by Moody’s 0.000 % 0.940 % BBB+ by Standard & Poor’s Baa1 by Moody’s 0.045 % 1.045 % BBB by Standard & Poor’s Baa2 by Moody’s 0.150 % 1.150 % Lower than BBB by Standard & Poor’s Lower than Baa2 by Moody’s 0.250 % 1.250 % provided that if on any date of determination (x) a rating is available on such date from only one of Standard & Poor’s and Moody’s but not the other, the Applicable Interest Rate Margin shall be determined by reference to the then available rating; (y) no rating is available from either of Standard & Poor’s or Moody’s, the Applicable Interest Rate Margin shall be determined by reference to the rating of any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders and (z) no rating is available from any of Standard & Poor’s, Moody’s or any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders, the Applicable Interest Rate Margin shall be 0.250% as to any Base Rate Advance and 1.250% as to any LIBO Rate Advance.

  • Step Up Margin means the rate per annum specified in the applicable Final Terms; and