Maximum Applicable Margin definition
Maximum Applicable Margin means, as of any date, the applicable rate per annum set forth in the table below, as determined by reference to the Public Debt Rating in effect on such date: Level 1 At least A+ by S&P/A1 by Moody’s 0.750 % 0.000 % ▇▇▇▇▇ ▇ A by S&P/A2 by Moody’s 1.000 % 0.000 % Level 3 A- by S&P/A3 by Moody’s 1.250 % 0.250 % ▇▇▇▇▇ ▇ ▇▇▇▇▇ ▇▇▇▇ ▇- ▇▇ ▇&▇/▇▇ by Moody’s or unrated 1.500 % 0.500 %
Maximum Applicable Margin means, as of any date, the applicable rate per annum set forth in the table below, as determined by reference to the Public Debt Rating in effect on such date: Ratings Level Public Debt RatingS&P/Moody’s Maximum Applicable Margin for Eurocurrency Rate Advances Maximum Applicable Margin for Base Rate Advances Level 1 At least A+ by S&P/A1 by Moody’s 0.875% 0.000% ▇▇▇▇▇ ▇ A by S&P/A2 by Moody’s 1.000% 0.000% Level 3 A- by S&P/A3 by Moody’s 1.250% 0.250% ▇▇▇▇▇ ▇ ▇▇▇▇▇ ▇▇▇▇ ▇- ▇▇ ▇&▇/▇▇ by Moody’s or unrated 1.500% 0.500%
Maximum Applicable Margin as defined in the definition of “Applicable Margin”.
Examples of Maximum Applicable Margin in a sentence
The Administrative Agent shall determine each interest rate applicable to the Loans hereunder insofar as such interest rate involves a determination of the Alternate Base Rate, Adjusted LIBOR, LIBOR Rate, Credit Default Swap Spread, Minimum Applicable Margin, or Maximum Applicable Margin, or any applicable default rate pursuant to Section 2.7, and such determination shall be conclusive and binding except in the case of the Administrative Agent’s manifest error or willful misconduct.
More Definitions of Maximum Applicable Margin
Maximum Applicable Margin means, as of any date, the applicable rate per annum set forth in the table below, as determined by reference to the Public Debt Rating in effect on such date:
Maximum Applicable Margin and “Minimum Applicable Margin” mean the respective minimum and maximum per annum percentages set forth in the grid below corresponding to the Credit Rating from time to time in effect (but such minimum and maximum rates shall not include any additional amounts payable under the terms of the Credit Agreement upon any default thereunder). Minimum Applicable Margin 0.75 % 1.25 % 1.75 % Maximum Applicable Margin 1.75 % 2.50 % 3.75 %
Maximum Applicable Margin means, as of any date, the applicable rate per annum set forth in the table below, as determined by reference to the Public Debt Rating in effect on such date: ▇▇▇▇▇ ▇ ▇▇ ▇▇▇▇▇ A+ by S&P/A1 by Moody’s 1.50 % 0.50 % ▇▇▇▇▇ ▇ A by S&P/A2 by Moody’s 1.75 % 0.75 % Level 3 A- by S&P/A3 by Moody’s 2.00 % 1.00 % ▇▇▇▇▇ ▇ BBB+ by S&P/Baa1 by Moody’s 3.00 % 2.00 % ▇▇▇▇▇ ▇ BBB by S&P/Baa2 by Moody’s 4.00 % 3.00 % Level 6 Lower than BBB by S&P/Baa2 by Moody’s or unrated 4.00 % 3.00 %