Margin Increase definition

Margin Increase means with respect to any Loan, any Letter of Credit and the Facility Fees, the rate otherwise applicable thereto plus .25%.
Sample 1
Margin Increase means, with respect to any Term Loan, the Adjusted LIBOR Rate or the Base Rate, as applicable, plus one-quarter of one percent (.25%).
Sample 1
Margin Increase means, with respect to any Loan, the Applicable Percentage plus one-quarter of one percent (.25%).
Sample 1

Examples of Margin Increase in a sentence

  • For the avoidance of doubt, if sufficient cash to cure the Margin Increase Trigger is not contributed to RigCo then, unless IHCo had sufficient cash to cure the Margin Increase Trigger, the only consequence shall be the imposition of the additional margin described above.

  • If the Margin Increase Trigger is ‘cured’ as a result of the contribution to RigCo the margin increase described above shall not apply.

  • For the avoidance of doubt, the occurrence of a Margin Increase Trigger during these first four testing periods will not be a default or an event of default.

  • In circumstances where the Margin Increase Trigger has occurred the senior banks will have consultation rights with Seadrill Limited, IHCo and RigCo (to be agreed).

  • If, on any such testing date: (x) DSCR is less than 0.8x; or (y) Net Leverage is greater than the level set at the same implied headroom as DSCR of 0.8x, (the events described in either (x) or (y) (or both occurring on the same test date) being a “Margin Increase Trigger”), the “Applicable Margin” under each Secured Facility Agreement shall be increased by 25 basis points with effect from the testing date of such quarter in which a Margin Increase Trigger occurred.

  • The first objective is to establish environmentally friendly energy system.

  • Financial Discipline 7 Initiative Initial 2018 Commitment Updated 2018 Goal Gross Margin Productivity 3 - 4% of COGS 3 - 4% of COGS A&P Efficiency 50 -100 bps 100 bps Fuel for Growth $120 MM (2016: $60 MM) $180 MM (2016: $75-80 MM) EBIT Margin Increase 300 bps 300 bps to ~ 27% EBIT margin Run4Cash ‒ OWC <5% Initiating Run4Cash Program Focusing on Operating Working Capital (OWC)* * Operating Working Capital is defined as Inventory plus Accounts Receivable less Accounts Payable balance.

  • For the avoidance of doubt, (A) the Applicable Margin shall increase by an additional 2% per annum upon each occurrence of a Credit Event and (B) immediately upon the waiver or cure of such Event of Default, the Credit Event Step-Up shall apply and the Applicable Margin shall be increased by the Credit Event Margin Increase commencing on, and including, the date of such cure or waiver.

  • Xxxxxxx Transmission, Inc., a Delaware corporation, promises to pay interest on the principal amount of this Note at 11 1/4% plus any PIK Margin Increase (as defined below) per annum from until maturity.

  • We also used twilight sky flats to produce a final illumination correction.


More Definitions of Margin Increase

Margin Increase has the meaning assigned to such term in Subsection 1.1(C)(iv).
Sample 1
Margin Increase means 1.00 per cent. per annum.
Sample 1

Related to Margin Increase

  • Term Loan Increase has the meaning set forth in Section 2.14(a).

  • Incremental Revolving Increase has the meaning set forth in Section 2.16(a).

  • Commitment Increase has the meaning specified in Section 2.18(a).

  • Incremental Increase has the meaning specified in Section 2.16(a).

  • Term Commitment Increase has the meaning specified in Section 2.14(a).

  • Commitment Increase Date has the meaning assigned to such term in Section 2.08(e).

  • Incremental Facility has the meaning specified in Section 2.16(a).

  • Commitment Increase Notice as defined in Section 2.1(b).

  • Facility Increase has the meaning provided in Section 2.15(a).

  • Commitment Increase Supplement as defined in subsection 2.20(c).

  • Capital Increase shall have the meaning specified in Section 2.1.

  • Revolving Commitment Increase has the meaning set forth in Section 2.14(a).

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).

  • Value Increase shall have the meaning ascribed to it in Section 2.4(d)(i).

  • Incremental Lender means an Incremental Revolving Lender or an Incremental Term Lender.

  • Scan increment means the amount of relative displacement of the patient with respect to the CT x-ray system between successive scans measured along the direction of such displacement.

  • Merit Increase means an increase in the rate of pay of an employee within the employee’s pay range which may be granted in recognition of satisfactory service on the employee’s anniversary date.

  • Maximum Incremental Facilities Amount means, at any date of determination, (a) the sum of (i) $500,000,000, plus (ii) an amount such that the Borrower is in Pro Forma Compliance with the Senior Secured Leverage Test (for the avoidance of doubt without netting any cash from the proceeds of any Indebtedness being incurred in reliance on such test and, if applicable, assuming the full amount of any New Revolving Credit Commitments are drawn), plus (iii) amounts used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to refinance or replace Revolving Credit Commitments and/or Term Loans (including any fees, accrued interest or other amounts owing in respect thereof), plus (iv) from and after the 2012 Extension Effective Date, the aggregate principal amount of 2014 Term Loans outstanding as of such date of determination, provided that such additional amounts pursuant to this clause (iv) are only available to the extent such amounts are used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to prepay 2014 Term Loans in accordance with Section 5.1 of this Agreement (such prepaid 2014 Term Loans, “Incremental Facility Prepaid 2014 Term Loans”) plus (v) the Dollar Equivalent principal amount of Term Loans (other than New Term Loans, Incremental Facility Prepaid 2014 Term Loans or Term Loans refinanced or replaced pursuant to clause (iii) above) voluntarily prepaid pursuant to Section 5.1 prior to such date, plus (vi) the amount of all Revolving Credit Commitments that have either been permanently reduced pursuant to Section 4.2 or have otherwise terminated in accordance with the terms of this Agreement after the 2012 Extension Effective Date (without duplication of the amounts incurred pursuant to clause (iii) above) minus (b) the sum of (i) the aggregate principal amount of New Loan Commitments incurred pursuant to Section 2.14(a) prior to such date and (ii) the aggregate principal amount of Permitted Other Indebtedness issued or incurred pursuant to Section 10.1(bb)(i)(a) prior to such date.

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Incremental Lenders has the meaning set forth in Section 2.14(c).

  • Incremental Facility Amendment has the meaning specified in Section 2.14(d).

  • Total Incremental Term Loan Commitment means the sum of the Incremental Term Loan Commitments of any Class of Incremental Term Loans of all the Lenders providing such Class of Incremental Term Loans.

  • Fixed Incremental Amount has the meaning specified in the definition of “Permitted Incremental Amount.”

  • Incremental Loan Commitments has the meaning assigned thereto in Section 5.13(a)(ii).

  • Incremental Term Loan Amendment has the meaning assigned to such term in Section 2.20.