LIBO Rate Margin definition

LIBO Rate Margin means, for any period, the applicable percentage rate per annum applicable to that period as indicated below the reference to “LIBOR Advance” in the definition of “Applicable Margin”, as adjusted pursuant to the definition of “Applicable Margin”.

LIBO Rate Margin means (i) prior to the Termination Date, a per annum rate equal to 4.25% or (ii) at all other times, a per annum rate equal to 6.50%.

LIBO Rate Margin means a percentage, determined as set forth in Section 2.5.

Examples of LIBO Rate Margin in a sentence

• Interest shall accrue on each LIBOR Loan at a rate equal to the LIBO Rate for the selected Interest Period plus the Applicable LIBO Rate Margin.

• The applicable Borrower will pay interest on each LIBOR Advance during each Interest Period applicable thereto in United States Dollars at a rate per annum equal to the sum of (i) the LIBO Rate in effect from time to time during such Interest Period plus (ii) the LIBO Rate Margin.

• Each determination by the Agent of the LIBO Rate and the LIBO Rate Margin applicable from time to time during an Interest Period will, in the absence of manifest error, be binding upon the applicable Borrower.

• Each LIBO Rate Loan shall bear interest from its effective date on the unpaid principal amount thereof at Adjusted LIBO Rate plus the LIBO Rate Margin.

• Upon Lender’s receipt of Borrower’s quarterly financial statements required to be delivered to Lender pursuant to Section 4.2(b)(i) of the Loan Agreement, the Applicable LIBO Rate Margin will be subject to adjustment in accordance with the table set forth above based on the then applicable Senior Funded Debt to EBITDA Ratio, so long as no Default or Event of Default is existing as of applicable Determination Date or as of the effective date of adjustment.

More Definitions of LIBO Rate Margin

LIBO Rate Margin means for any day, the amount in the applicable column under (and determined for such day in accordance with) the definition of “Applicable Rate”.

LIBO Rate Margin means the percentage listed in the following table. Fixed Charge Coverage Ratio LIBO Rate Margin Equal to or less than 1.15 2.000% Greater than 1.15 but less than 1.25 1.750% Equal to or greater than 1.25 but less than 1.50 1.375% Equal to or greater than 1.50 but less than 1.75 1.125% Equal to or greater than 1.75 0.875% with such Fixed Charge Coverage Ratio to be computed as of the last quarterly compliance period. Amendment No. 1 to Dated Credit Agreement - 1 - February 12, 1999

LIBO Rate Margin set forth in Section 1.01 of the Credit Agreement is hereby amended to read in its entirety as follows:

LIBO Rate Margin means, during the period, (i) from and including the Restructuring Effective Date until the date that is twelve (12) months thereafter, 2.50%, (ii) from and including the date that is twelve (12) months after the Restructuring Effective Date until the date that is eighteen (18) months after the Restructuring Effective Date, 2.75%, (iii) from and including the date that is eighteen (18) months after the Restructuring Effective Date until the date that is twenty-four (24) months after the Restructuring Effective Date, 3.25%, and (iv) from and including the date that is twenty-four (24) months after the Restructuring Effective Date until and including the Final Maturity Date, 3.75%.

LIBO Rate Margin means, as of any date of determination, the “LIBO Rate Margin” specified in the Margin Pricing Grid based on the corresponding Success Fee specified in the Margin Pricing Grid. The LIBOR Rate Margin shall adjust in accordance with the Margin Pricing Grid as provided herein.

LIBO Rate Margin shall have the meaning set forth in Schedule 2 to this Agreement.

LIBO Rate Margin means 2.25%.