Rate Margin definition

Rate Margin has the meaning set forth in Section 1.1.5.

Rate Margin means, for all Eurodollar Loans, the applicable rate set forth below per annum, and for all Base Rate Loans, such rate per annum minus 0.75% per annum:

Rate Margin means the applicable Current Interest Rate Margin and the applicable Deferred Interest Rate Margin.

Examples of Rate Margin in a sentence

• The Default Rate Margin shall also apply to each succeeding interest rate change that would have applied had there been no default.

• Any amount not reimbursed on the date of such payment or disbursement shall bear interest from the date of such payment or disbursement to the date that the Issuing Lender is reimbursed by the Company therefor, payable on demand, at a rate per annum equal to the Base Rate from time to time in effect plus the Base Rate Margin from time to time in effect plus, beginning on the third Business Day after receipt of notice from the Issuing Lender of such payment or disbursement, 2%.

• Borrowers shall pay Agent (for the ratable benefit of the Revolving Lenders), a Letter of Credit fee (the “Letter of Credit Fee”) (which fee shall be in addition to the fronting fees and commissions, other fees, charges and expenses set forth in Section 2.11(k)) that shall accrue at a per annum rate equal to the LIBOR Rate Margin times the undrawn amount of all outstanding Letters of Credit.

• Except as provided in clause (c) below, all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows (i) if the relevant Obligation is an Advance that is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and (ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.

• Except as provided in clause (c) below, all Obligations (except for undrawn Letters of Credit and except for Bank Product Obligations) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows (i) if the relevant Obligation is an Advance that is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and (ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.

More Definitions of Rate Margin

Rate Margin has the meaning set forth in Section 1.1.5 hereof (for purposes of the Line of Credit Facility) AND Section 1.2.5 hereof (for purposes of the Term Loan Facility).

Rate Margin means the applicable rate set forth below: LIBOR LC Loan Base Rate LC Loan From Closing Date until the LC Maturity Date 3.50% 2.50%

Rate Margin shall be defined in each confirmation.

Rate Margin means the applicable rate set forth below: Term Period Rate Margin From the Restatement Date until December 31, 2011 2.875% From January 1, 2012 until December 31, 2013 3.000 % From January 1, 2014 until December 31, 2015 3.125% From and after January 1, 2016 3.375%

Rate Margin means 1.50 percentage points, until such time as Borrower delivers such financial statements. Prior Fiscal Year EBITDA Base Rate Margin means: at least $10,000,000 but less than $25,000,000 0.50 percentage points $25,000,000 or greater 0.00 percentage points

Rate Margin means, for all LIBOR Loans, the applicable rate set forth below, and for all Base Rate Loans, such rate minus 0.75%: During Years Time Period Construction Years 1-5 Years 6-10 11-Maturity ----------- ------------ --------- ---------- ----------- Construction Loans 2.00% 1.50% 1.75% 2.00% and Term Loans (Rate Margin is also used to calculate LC Fees, so amounts are also shown for periods after Loans will have been repaid.) At any time that the long-term unsecured senior debt of either APS or SRP is rated less than BBB- by S&P or Baa3 by Moody's, the otherwise applicable Rate Margin shall be increased by 0.00%; and if rated less than BB+ by S&P or Ba1 by Moody's shall be increased by an additional 0.25% (for a maximum totxx xxxxease of 0.50%). If there is any change in the Rate Margin during any quarter, applicable interest rates and LC Fees shall be computed and multiplied by the Rate Margin separately for each period during such quarter that such Rate Margin was in effect.

Rate Margin means, for all LIBOR Loans, the applicable rate set forth below, and for all Base Rate Loans, such rate minus 0.75%: Construction Loans and Term Loans 2.00 % 1.50 % 1.75 % 2.00 % (Rate Margin is also used to calculate LC Fees, so amounts are also shown for periods after Loans will have been repaid.) At any time that the long-term unsecured senior debt of either APS or SRP is rated less than BBB- by S&P or Baa3 by Xxxxx’x, the otherwise applicable Rate Margin shall be increased by 0.25%; and if rated less than BB+ by S&P or Ba1 by Xxxxx’x shall be increased by an additional 0.25% (for a maximum total increase of 0.50%). If there is any change in the Rate Margin during any quarter, applicable interest rates and LC Fees shall be computed and multiplied by the Rate Margin separately for each period during such quarter that such Rate Margin was in effect.