LIBO Margin definition

LIBO Margin shall have the meaning assigned to such term in Section 2.03(c)(ii)(C) hereof.

LIBO Margin has the meaning ascribed thereto in the Fee Letter.

LIBO Margin means the applicable interest rate increment shown on the Pricing Grid Rider to be added for purposes of calculating the Applicable Rate with respect to any Eurodollar Revolving Loan.

Examples of LIBO Margin in a sentence

• An interest rate per annum equal to the LIBO Margin plus the rate per annum obtained by dividing (a) the rate of interest per annum at which deposits in United States dollars are offered in the London Interbank Market two (2) Business Days prior to the commencement of a LIBO Interest Period, by (b) an amount equal to 1 minus the LIBO Reserve Percentage for such LIBO Interest Period.

• The number of basis points which shall, at any point in time, constitute the LIBO Margin determined in accordance with the following table: LIBO Margin Leverage Ratio (measured as of each quarter end) 75 basis points <0.35:1.00 - 85 basis points >0.35:1.00 and <0.50:1.00 - 95 basis points >0.50:1.00 and <0.75:1.00 - The Leverage Ratio shall be measured as of the end of each calendar quarter based upon financial information provided by Borrower in accordance with the provisions of the Loan Agreement.

• The Borrower may elect that the Term Loans comprising each borrowing bear interest at a rate per annum equal to: the ABR plus the Applicable ABR Margin; or the Adjusted LIBO Rate plus the Applicable LIBO Margin.

• Changes in the LIBO Margin shall be effective as of the date upon which Lender receives the quarterly or annual financial information disclosing a change in the Leverage Ratio which results in a change in the LIBO Margin.

• Changes in the LIBO Margin shall be effective as of the date upon which Lender receives the 3 quarterly or annual financial information disclosing a change in the Leverage Ratio which results in a change in the LIBO Margin.

More Definitions of LIBO Margin

LIBO Margin as defined in Section 2.03(c)(ii)(C). -----------

LIBO Margin is defined in Section 3.5.3.

LIBO Margin means the Bps per annum set forth below opposite the Borrower's applicable issuer credit rating from S&P, senior unsecured long-term debt rating from Xxxxx'x and long-term senior debt rating from Fitch in the column labeled “LIBO Margin”; provided that the LIBO Margin shall be equal to the respective Bps so determined plus twenty (20) Bps per annum for any day on which Utilization exceeds 50% (it being understood that if any Loans remain outstanding following the Commitment Termination Date, Utilization shall be deemed to be 100%); provided, further, that if the Borrower's issuer credit rating from S&P, senior unsecured long-term debt rating from Xxxxx'x or long-term senior debt rating from Fitch are different, the following rules shall apply: (a) if two of the credit ratings fall within the same category, that rating shall apply, (b) if all of the ratings fall within different categories, the midpoint rating between the highest and the lowest ratings shall apply, and (c) if the Borrower is rated by only two of the rating agencies specified below, the lower of the two ratings shall apply; provided, however, that if the Borrower is not rated by any of the rating agencies specified below, or is rated by only one of the rating agencies specified below (without prejudice to the requirements of Section 5.11), LIBO Margin shall be determined by the lowest senior unsecured debt credit rating category specified below.

LIBO Margin shall have the meaning assigned to such term in Section 2.03(c)(ii)(C) hereof. “LIBOR Auction” shall mean a solicitation of Money Market Quotes setting forth LIBO Margins based on the Eurocurrency Rate pursuant to Section 2.03 hereof. “LIBOR Market Loans” shall mean Money Market Loans the interest rates on which are determined on the basis of Eurocurrency Rates pursuant to a LIBOR Auction. “Lien” shall mean, with respect to any Property, any mortgage, lien, pledge, charge, security interest or encumbrance of any kind in respect of such Property. For purposes of this Agreement, a Person shall be deemed to own subject to a Lien any Property that it has acquired or holds subject to the interest of a vendor or lessor under any conditional sale agreement, capital lease or other title retention agreement (other than an operating lease) relating to such Property.

LIBO Margin has the meaning given that term in Section 2.05(c)(ii)(E).

LIBO Margin means with respect to an Adjusted Libor Loan the percentage set forth below under the heading "LIBO Margin" opposite the applicable ratio. Consolidated Funded Debt LIBO Margin to Consolidated EBITDA (360 day basis) ------------------------ --------------- Less than 2.00:1.00 1.00% Equal to or greater than 1.25% 2.00:1.00 but less than 2.50:1.00 Equal to or greater than 1.50% 2.50:1.00 but less than 3.00:1.00 Equal to or greater than 1.75% 3.00:1.00 but less than 3.50: 1.00 Equal to or greater than 2.00% 3.50: 1.00 Notwithstanding the foregoing, during the period commencing the Closing Date and ending on December 31, 1997, the LIBO Margin with respect to the Loans shall be 1.00% unless the ratio of Consolidated Funded Debt to Consolidated EBITDA is equal to or greater than 4.00:1.00 in which event the LIBO Margin will thereafter be determined in accordance with the table set forth above. The LIBO Margin will be set or reset with respect to each Loan on the date which is five Business Days following the date of receipt by the Bank of the financial statements referred to in Section 6.03(a) and Section 6.03(b) commencing with the financial statements for the fiscal quarter ending June 30, 1997 together with a certificate of the Chief Financial Officer of the Company certifying the ratio of Consolidated Funded Debt to Consolidated EBITDA and setting forth the calculation thereof in detail; provided, however, that if any such financial statement and certificate are not received by the Bank within the time period required pursuant to Section 6.03(a) or Section 6.03(b), as the case may be, the LIBO Margin will be set or reset, unless the rate of interest specified in Section 3.01(e) is in effect, based on a

LIBO Margin in Section 1.01 of the Credit Agreement is hereby amended in its entirety to provide as follows: