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 otherwise provided in Section 3.7, the unpaid principal amount of any Eurodollar Rate Advance shall bear interest at a rate per annum equal to the Eurodollar Rate for that Eurodollar Rate Advance plus the Applicable Eurodollar Rate Margin.

• 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.

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 per annum interest rate margin from time to time in effect and payable in addition to the (a) Term SOFR, with respect to Term SOFR Loans and Letters of Credit denominated in Dollars, (b) BA Rate, with respect to BA Loans and Letters of Credit denominated in Canadian Dollars, and (c) Term SOFR, with respect to Letters of Credit denominated in an Alternative Currency, in each case applicable to the Revolving Credit Advances, as determined in accordance with the definition of Applicable Margin.

Rate Margin means, for Construction Loans, 1.75%, and for Term Loans, the applicable rate set forth below: TERM PERIOD RATE MARGIN ----------- ----------- Years 1-2 1.750% Years 3-4 1.875% Year 5 2.000%

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

Rate Margin means, with respect to any LIBOR Loans and Base Rate Loans, as the case may be, the rate per annum set forth below based upon CNX’s Corporate Family Rating then in effect: Pricing Level Corporate Family Rating LIBOR Loans Base Rate Loans I B+ or higher from S&P and B1 or higher from Xxxxx’x 4.50 % 3.50 % II Otherwise 5.00 % 4.00 % For purposes of the foregoing, (a) if at any time, only one Corporate Family Rating shall be in effect, Pricing Level II shall apply, (b) if no Corporate Family Rating shall be in effect (other than by reason of the circumstances referred to in the final paragraph of this definition), Pricing Level II shall apply, (c) if at any time there is more than one Corporate Family Rating in effect and such applicable ratings are in different Pricing Levels, Pricing Level II shall apply, and (d) if the Corporate Family Rating established by S&P or Xxxxx’x shall be changed (other than as a result of a change in the rating system of S&P or Xxxxx’x), such change shall be effective as of the date on which it is first announced by the applicable rating agency. Each change in the Corporate Family Rating shall apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change. If the rating system of S&P or Xxxxx’x shall change, or if any of such rating agencies shall cease to be in the business of providing corporate family ratings, the Borrower and the Lenders shall negotiate in good faith to amend this definition to reflect such changed rating system or the unavailability of ratings from such rating agency and, pending the effectiveness of any such amendment, the Corporate Family Rating shall be determined by reference to the rating most recently in effect prior to such change or cessation.

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 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%