Margin Determination Date definition

Margin Determination Date is defined in the definition of Applicable Margin.

Margin Determination Date means the Commencement Date and quarterly thereafter.

Margin Determination Date has the meaning set out in Section 3.06(d).

Examples of Margin Determination Date in a sentence

• The Borrower shall use its best endeavours to ensure that such negotiations commence not later than the date falling 30 days before the Margin Determination Date.

• The Margin applicable for the Discount referred to above shall be the rate per annum determined by reference to the ratio of Net Borrowings to EBITDA as shown in the most recent Compliance Certificate received by the Agent at least 5 Business Days before the Margin Determination Date.

• The Borrower shall notify the Agent of the Ratio and the Debt Rating as of each Margin Determination Date and shall submit Margin Certificates (duly completed and signed by a Responsible Officer of the Guarantor), and supporting evidence in respect thereof on or before each Margin Determination Date.

• The Interest Rate will comprise the Base Rate (namely, the benchmarkfour-year swap rate at or around 3:00 p.m. on the Rate Set Date, as more fully set out in the definition of Base Rate in the Glossary) less the Margin (to be set on the Margin Determination Date).

• Based on such determination, the applicable LIBOR Margin shall be increased, decreased or remain the same on the Margin Determination Date and remain in effect until the following Margin Determination Date.

More Definitions of Margin Determination Date

Margin Determination Date means each date on which a quarterly Compliance Certificate is delivered. The first Margin Determination Date shall be the first such date after June 30, 1997.

Margin Determination Date means the fifteenth day following the date by which the Guarantor shall be required to deliver the quarterly financial statements and information under clauses (i) and (iii) of Subparagraph 4(a) of the Guaranty;

Margin Determination Date is defined in Section 2.1(c) hereof.

Margin Determination Date. Required Banks", "Revolving Credit Termination Date", "Senior Subordinated Indebtedness", "Senior Subordinated Indenture", "Senior Subordinated Notes" and "Substantial Guarantor" therefrom and to insert in place thereof, respectively, the following:

Margin Determination Date has the meaning assigned to that term in subsection 2.2A.

Margin Determination Date has the meaning specified in Sections 2.13(b) and 2.13(d) of this Agreement.

Margin Determination Date is defined in Section 2.1(d) hereof.