Margin adjustments. Adjustments to the Applicable Margins and the Applicable Fee Percentages, based on Schedule 1.1, shall be implemented on a quarterly basis as follows:
Margin adjustments. (a) In this Subclause:
Margin adjustments. 29 4.2 Prime-based Interest Payments ............................................................30 4.3 Eurocurrency-based Interest Payments .....................................................30 4.4
Margin adjustments. (a) The Company must notify the Facility Agent forthwith at any time there is a change in the long term credit rating assigned to the Company by either Xxxxx’x or S&P or a cessation in any such rating being assigned.
Margin adjustments. (a) In this Clause 10.3:
Margin adjustments. Adjustments in the Margin applicable to Eurocurrency-based Advances, the Applicable Commitment Fee Percentage and the Applicable L/C Fee Percentage, each based upon the Fixed Charge Coverage Ratio, shall be implemented on a quarterly basis as follows:
Margin adjustments. (a) The Parent must supply to the Facility Agent a Margin Certificate within 45 days of the end of each quarterly Accounting Period, beginning with the first quarterly Accounting Period ending on or after the first anniversary of the First Drawdown Date.
Margin adjustments. (a) The Margin for the period commencing on the Second Effective Date and ending on the date falling six months after the Second Effective Date will be 1.75 per cent. per annum.
Margin adjustments. (a) Subject to paragraphs (c) (d) and (e) below, (i) the initial Margin will be as set out in the Compliance Certificate (and the corresponding financial statements) delivered in accordance with Clause 4.1(a) (Conditions precedent documents) or, if no such Compliance Certificate is so delivered within 3 months of the date of this Agreement, 2.9% per annum, and (ii) the subsequent Margin applicable to each Loan shall be calculated by reference to the Leverage ratio (as determined in accordance with Clause 21.3 (Leverage)) set out in the most recent Compliance Certificate (and the financial statements with which it is required by this Agreement to be delivered) received by the Facility Agent, and the rate per annum specified opposite the relevant range set out in the following table in which the Leverage ratio falls: 37 Leverage Margin (% per annum) less than 1.0 1.9 greater than or equal to 1.0 but less than 1.5 2.1 greater than or equal to 1.5 but less than 2.0 2.3 greater than or equal to 2.0 but less than 2.5 2.6 greater than or equal to 2.5 2.9
