Revolving Applicable Margin definition
Revolving Applicable Margin for any day, the applicable rate per annum set forth in the Pricing Grid for Revolving Loans.
Revolving Applicable Margin means, the margin specified below in the Pricing Grid based on Available Credit as set forth below.
Revolving Applicable Margin means, for any day, the applicable rate per annum set forth in the Pricing Grid for Revolving Loans; provided that prior to the first Revolving Adjustment Date occurring after the first fiscal quarter following the Closing Date, such applicable rate shall be (a) in the case of ABR Loans, 1.75% and (b) in the case of Eurodollar Loans, 2.75%.
Examples of Revolving Applicable Margin in a sentence
Lead Borrower shall pay a fee on all outstanding letters of credit at a per annum rate equal to the Revolving Applicable Margin then in effect with respect to Adjusted LIBOR loans on the face amount of each such letter of credit.
Swingline Loans shall bear interest at a per annum rate equal to the Base Rate as in effect from time to time plus the Revolving Applicable Margin for Base Rate Loans that are Revolving Loans.
On the first Business Day of each month (commencing on the first such date occurring after the date hereof) to and including, and on, the Maturity Date, Borrower shall pay to Lender a letter of credit fee at the rate per annum equal to the Revolving Applicable Margin (computed on the basis of a year of 360 days and the actual number of days elapsed) on the daily average face amount of Letters of Credit outstanding during the preceding month.
When determining the Revolving Applicable Margin, any Term Loan Applicable Margin, and compliance by the Parent or the Borrower with any financial covenant contained in any of the Loan Documents (a) only the Ownership Share of the Parent of the financial attributes of a Subsidiary that is not a Wholly Owned Subsidiary shall be included and (b) the Parent’s Ownership Share of the Borrower shall be deemed to be 100.0%.
More Definitions of Revolving Applicable Margin
Revolving Applicable Margin means initially (1) 1.75% in the case of ABR loans and (2) 2.75% in the case of Adjusted LIBOR loans, and following delivery of the quarterly financial statements for the first full fiscal quarter ended after the Closing Date, the percentages per annum determined in accordance with the pricing grid set forth below, based on Average Historical Excess Availability for the most recent fiscal quarter ending on the date prior to the first day of each fiscal quarter of the Lead Borrower; provided, that following the delivery by the Lead Borrower of a compliance certificate demonstrating a Fixed Charge Coverage Ratio (calculated using an unadjusted EBITDA) of at least 1.0 to 1.0, each percentage in the grid below shall be immediately, automatically and permanently reduced by 0.25%: Pricing Level Average Historical Excess Availability Applicable Margin for Adjusted LIBOR loans Applicable Margin for ABR loans I Greater than or equal to 67% of the Line Cap 2.50% 1.50% II Less than 67% of the Line Cap but greater than or equal to 33% of the Line Cap 2.75% 1.75% III Less than 33% of the Line Cap 3.00% 2.00% With respect to the FILO Loans: At the option of the Lead Borrower, Adjusted LIBOR plus the FILO Applicable Margin or ABR plus the FILO Applicable Margin (as defined below). “FILO Applicable Margin” means (1) 7.50% in the case of ABR loans and (2) 8.50% in the case of Adjusted LIBOR loans. With respect to all Loans: The interest period for the Revolving Loans (for Adjusted LIBOR borrowings) shall be one (1) month, two (2) months, three (3) months, six (6) months or, if agreed by all Revolving Lenders, twelve (12) months. The interest period for the FILO Loans (for Adjusted LIBOR borrowings) shall be one (1) month, two (2) months, three (3) months, or, if agreed by all FILO Lenders, six (6) months or twelve (12) months. Interest on the Revolving Loans or FILO Loans maintained as ABR loans shall be payable quarterly in arrears and upon prepayment. Interest on the Revolving Loans or FILO Loans maintained as Adjusted LIBOR loans shall be paid on the last day of the applicable interest period and upon prepayment, but no less frequently than three (3) months in arrears.
Revolving Applicable Margin has the meaning given to such term in Section 2.5(a).
Revolving Applicable Margin means, for any day, the applicable rate per annum set forth in the Pricing Grid.
Revolving Applicable Margin means (a) prior to the Revolving Adjustment Date (as defined below) an amount equal to the amounts set forth in Level II in the chart below, and (b) on and after the first Revolving Adjustment Date, upon receipt of the financial statements of Borrowers on a Consolidated Basis and related Compliance Certificate required under Section
Revolving Applicable Margin shall have the meaning given to that term in the Fee Letter.
Revolving Applicable Margin. The rate per annum equal to (a) 3.50%, if the Ratio of Senior Debt to TTM EBITDA is greater than 2.50; (b) 3.25%, if the Ratio of Senior Debt to TTM EBITDA is equal to or less than 2.50 and greater than 2.00; (c) 3.00% if the Ratio of Senior Debt to TTM EBITDA is equal to or less than 2.00 and greater than 1.00; and (d) 2.75%, if the Ratio of Senior Debt to TTM EBITDA is equal to or less than 1.00; provided, however, that from the date hereof until receipt of the financial statements for the period ended March 31, 2006, the Revolving Applicable Margin shall be based upon the Senior Debt to TTM EBITDA ratio as of November 30, 2005. Notwithstanding the foregoing, in the event that the Borrower fails to timely deliver the financial statements and Compliance Certificate as required under Section 8.1, then the Revolving Applicable Margin shall be 3.50% for the period from the date upon which they were to be delivered until the next Adjustment Date. The Revolving Applicable Margin shall be determined by the Bank based on the Ratio of Senior Debt to TTM EBITDA calculated from the financial statements for the quarter just ended prior to the relevant Adjustment Date.
Revolving Applicable Margin means, with respect to a particular Type of Revolving Loans, the percentage rate set forth below corresponding to the Leverage Ratio as determined in accordance with Section 10.1.(a): 1 Less than 4.00 to 1.00 1.55 % 0.55 % 2 Greater than or equal to 4.00 to 1.00 but less than 4.50 to 1.00 1.60 % 0.60 % 3 Greater than or equal to 4.50 to 1.00 but less than 5.00 to 1.00 1.65 % 0.65 % 4 Greater than or equal to 5.00 to 1.00 but less than 6.00 to 1.00 1.95 % 0.95 % 5 Greater than or equal to 6.00 to 1.00 2.30 % 1.30 %