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:
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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:
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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:
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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:
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Related to Margin Reduction Discount

  • Solicited Discounted Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(D)(1).

  • Specified Discount Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • Proposed Discounted Prepayment Amount has the meaning specified in Section 2.05(d)(ii).

  • Mandatory Prepayment Amount for any Debentures shall equal the sum of (i) the greater of: (A) 130% of the principal amount of Debentures to be prepaid, plus all accrued and unpaid interest thereon, or (B) the principal amount of Debentures to be prepaid, plus all other accrued and unpaid interest hereon, divided by the Conversion Price on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is less, multiplied by the VWAP on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is greater, and (ii) all other amounts, costs, expenses and liquidated damages due in respect of such Debentures.

  • Solicited Discounted Prepayment Notice means an irrevocable written notice of a Borrower Solicitation of Discounted Prepayment Offers made pursuant to Section 2.11(a)(ii)(D) substantially in the form of Exhibit N.

  • Specified Discount Prepayment Response Date has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • Discount Range Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • Solicited Discounted Prepayment Response Date has the meaning set forth in Section 2.05(a)(v)(D)(1).

  • Specified Discount Prepayment Notice means an irrevocable written notice of a Borrower Offer of Specified Discount Prepayment made pursuant to Section 2.11(a)(ii)(B) substantially in the form of Exhibit I.

  • Applicable Discount has the meaning set forth in Section 2.05(a)(v)(C)(2).

  • Specified Discount Prepayment Response means the irrevocable written response by each Term Lender, substantially in the form of Exhibit K, to a Specified Discount Prepayment Notice.

  • Solicited Discounted Prepayment Offer means the irrevocable written offer by each Term Lender, substantially in the form of Exhibit O, submitted following the Administrative Agent’s receipt of a Solicited Discounted Prepayment Notice.

  • BA Discount Proceeds means, in respect of any Bankers' Acceptance, an amount calculated on the applicable Drawdown Date which is (rounded to the nearest full cent, with one-half of one cent being rounded up) equal to the face amount of such Bankers' Acceptance multiplied by the price, where the price is calculated by dividing one by the sum of one plus the product of (i) the BA Discount Rate applicable thereto expressed as a decimal fraction multiplied by (ii) a fraction, the numerator of which is the term of such Bankers' Acceptance and the denominator of which is 365, which calculated price will be rounded to the nearest multiple of 0.001%.

  • Specified Discount Proration has the meaning set forth in Section 2.05(a)(v)(B)(3).

  • Specified Discount has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • Borrower Solicitation of Discount Range Prepayment Offers means the solicitation by any Company Party of offers for, and the corresponding acceptance by a Lender of, a voluntary prepayment of Term Loans at a specified range of discounts to par pursuant to Section 2.05(a)(v)(C).

  • Borrower Solicitation of Discounted Prepayment Offers means the solicitation by any Company Party of offers for, and the subsequent acceptance, if any, by a Lender of, a voluntary prepayment of Term Loans at a discount to par pursuant to Section 2.05(a)(v)(D).

  • Reinvestment Prepayment Amount with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to acquire or repair assets useful in the Borrower’s business.

  • Acceptable Discount has the meaning set forth in Section 2.05(a)(v)(D)(2).

  • Discounted Voluntary Prepayment has the meaning specified in Section 2.05(d)(i).

  • Discounted Voluntary Prepayment Notice has the meaning specified in Section 2.05(d)(v).

  • Borrower Offer of Specified Discount Prepayment means the offer by any Company Party to make a voluntary prepayment of Term Loans at a Specified Discount to par pursuant to Section 2.05(a)(v)(B).

  • Discount Range Prepayment Response Date has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • Resale Discount means the applicable discount off retail rates applied to AT&T-21STATE Telecommunications Services resold by CLEC to its End Users. Any change to the rates, terms and conditions of any applicable retail Tariff is automatically incorporated herein and is effective hereunder on the date any such change is effective.

  • Solicited Discount Proration has the meaning set forth in Section 2.05(a)(v)(D)(3).

  • Discount Range Prepayment Notice means a written notice of a Borrower Solicitation of Discount Range Prepayment Offers made pursuant to Section 2.05(a)(v)(C) substantially in the form of Exhibit M-4.