Margin Reduction Discount definition

Margin Reduction Discount means zero, provided that the Margin Reduction Discount shall be increased to 1/4 of 1%, 1/2 of 1%, 1% or 1-1/2%, as the case may be, as specified in clauses (i), (ii), (iii) or (iv) below, at any time after the Restatement Effective Date, when, and for so long as, the ratio set forth in such clause has been satisfied as at the Relevant Determination Date:

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Margin Reduction Discount means zero, provided that the Margin -------- Reduction Discount shall be increased to .25% per annum (in the case of B Term Loans and C Term Loans-Floating Rate) or .50%, .75% or 1.00% per annum (in the case of RF Loans and AF Loans), as specified in clauses (i), (ii), (iii) or (iv) below, as the case may be, when, and for so long as, the ratio set forth in such clause has been satisfied as at the end of the then Relevant Fiscal Quarter:

Margin Reduction Discount means zero, PROVIDED that (I) at any time prior to the occurrence of the first Incremental Term Borrowing Date to occur after the Sixth Amendment Effective Date, the Margin Reduction Discount applicable to B Term Loans and C Term Loans-Floating Rate shall be increased to .25% per annum, when, and for so long as, the Leverage Ratio as at the end of the then Relevant Fiscal Quarter is less than 5.0 to 1 and (II) the Margin Reduction Discount applicable to RF Loans and AF Loans (and only such Loans) shall be increased to .25%, .50% or .75% per annum, as specified in clauses (i), (ii) and (iii) below, as the case may be, when, and for so long as, the ratio set forth in such clause has been satisfied as at the end of the then Relevant Fiscal Quarter:

Examples of Margin Reduction Discount in a sentence

It is understood and agreed that the Margin Reduction Discount as provided above shall in no event be cumulative and only the Margin Reduction Discount applicable under either clause (i), (ii), (iii) or (iv), if any, contained in this definition shall be applicable.
It is understood and agreed that the Margin Reduction Discount as provided above shall in no event be cumulative and only the Margin Reduction Discount available pursuant to any of clauses (i), (ii), (iii) or (iv) if any, contained in this definition shall be applicable.
It is understood and agreed that the Margin Reduction Discount as provided above shall in no event be cumulative and only the Margin Reduction Discount available pursuant to either clause (i) or (ii), if any, contained in this definition shall be applicable.
It is understood and agreed that the Margin Reduction Discount as provided above shall in no event be cumulative and only the Margin Reduction Discount available pursuant to either clause (i), (ii) or (iii), if any, contained in this definition shall be applicable.

More Definitions of Margin Reduction Discount

Margin Reduction Discount. Scheduled Reductions" and "Total Term Commitment" appearing in said Section and (ii) inserting in the appropriate alphabetical order the following new definitions:

Margin Reduction Discount means zero, provided that the Margin ------------------------- -------- Reduction Discount shall be increased, as specified in clauses (i) through (v) below, at any time on or after March 31, 1998, when, and for so long as, the Leverage Ratio set forth in such clause has been satisfied as at the end of the then Relevant Test Periods: