Revolving Loan LIBOR Rate Margin definition

Revolving Loan LIBOR Rate Margin has the meaning set forth in the definition of Applicable Margin.
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Revolving Loan LIBOR Rate Margin has the meaning set forth in the definition of Applicable Margin. “Revolving Loans” has the meaning specified therefor in Section 2.1(a) of this Agreement. “Sanctioned Entity” means (a) a country or territory or a government of a country, (b) an agency of the government of a country or territory, (c) an organization directly or indirectly controlled by a country or territory or its government, or (d) a Person resident in or determined to be resident in a country or territory, in each case of clauses (a) through (d) that is a target of Sanctions, including a target of any country sanctions program administered and enforced by OFAC. “Sanctioned Person” means, at any time (a) any Person named on the list of Specially Designated Nationals and Blocked Persons maintained by OFAC, OFAC’s consolidated Non-SDN list or any other Sanctions-related list maintained by any Governmental Authority, (b) a Person or legal entity that is a target of Sanctions, (c) any Person operating, organized or resident in a Sanctioned Entity, or (d) any Person directly or indirectly owned or controlled (individually or in the aggregate) by or acting on behalf of any such Person or Persons described in clauses (a) through (c) above. “Sanctions” means individually and collectively, respectively, any and all economic sanctions, trade sanctions, financial sanctions, sectoral sanctions, secondary sanctions, trade embargoes anti-terrorism laws and other sanctions laws, regulations or embargoes, including those imposed, administered or enforced from time to time by: (a) the United States of America, including those
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Revolving Loan LIBOR Rate Margin means the amount determined to be in effect from time to time in accordance with the matrix below. The initial Revolving Loan LIBOR Rate Margin will be determined at the Closing Date using the Leverage Ratio calculated by reference to the consolidated financial statements of VSE and the Compliance Certificate most recently received by the Agent. Commencing on the date following the Closing Date when the Agent receives the consolidated financial statements of VSE and the Compliance Certificate in accordance with this Agreement and on each such date thereafter, the Revolving Loan LIBOR Rate Margin will be reset based on the Leverage Ratio calculated by reference to such consolidated financial statements and Compliance Certificate. Tier Revolving Loan LIBOR Rate Margin Leverage Ratio I 2.00% Less than 1.00 to 1.0 II 2.25% Equal to or greater than 1.00 to 1.0 but less than 2.00 to 1.0 III 2.50% Equal to or greater than 2.00 to 1.0 In the event VSE fails to provide such consolidated financial statements and Compliance Certificate to the Agent when due, the Revolving Loan LIBOR Rate Margin shall be set at the margin corresponding to “Tier III” in the table above until such time as such consolidated financial statements and Compliance Certificate are submitted to and accepted by the Agent pursuant to this Agreement.
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Examples of Revolving Loan LIBOR Rate Margin in a sentence

  • 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 Revolving Loan LIBOR Rate Margin times the average amount of the Letter of Credit Usage during the immediately preceding month.

  • In consideration of the issuance of Letters of Credit hereunder, the Borrowers promise to pay to the Administrative Agent for the account of each Revolving Loan Lender a fee (the "Letter of Credit Fee") on such Revolving Loan Lender's Pro Rata Share of the average daily maximum amount available to be drawn under each such Letter of Credit computed at a per annum rate for each day from the date of issuance to the date of expiration equal to the Revolving Loan LIBOR Rate Margin.

  • Except as provided in Section 2.6(c) and Section 2.12(d), all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows: (i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the Revolving Loan LIBOR Rate Margin, and (ii) otherwise, at a per annum rate equal to the Base Rate plus the Revolving Loan Base Rate Margin.

  • 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 a t a per annum rate equal to the Revolving Loan LIBOR Rate Margin times the average amount of the Letter of Credit Usage during the immediately preceding month.

  • Each Revolving Loan that is a LIBOR Rate Loan shall bear interest on the principal amount thereof from time to time outstanding, from the date of such Loan until such principal amount is repaid, at a rate per annum equal to the LIBOR Rate plus the Revolving Loan LIBOR Rate Margin.

  • 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 Revolving Loan LIBOR Rate Margin times the times the average amount of the Letter of Credit Usage during the immediately preceding quarter (or if an Event of Default has occurred, month).


More Definitions of Revolving Loan LIBOR Rate Margin

Revolving Loan LIBOR Rate Margin means, from the date hereof through the date upon which Lender receives Borrowers' audited consolidated Financials for the period ending December 31, 2003, two hundred (200) basis points. Effective as of the first Business Day after the date upon which Lender receives Borrowers' audited consolidated Financials for the period ending December 31, 2003, and as of the first Business Day after the date upon which Lender receives Borrowers' audited consolidated Financial for the periods ending as of the last day of each fiscal year thereafter, "Revolving Loan LIBOR Rate Margin" shall be adjusted in accordance with the matrix set forth below based upon Borrowers' consolidated Funded Debt to EBITDA Ratio calculated as of the last day of each fiscal year:
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Revolving Loan LIBOR Rate Margin means 5.00%; provided, that the Revolving Loan LIBOR Rate Margin shall increase (a) by 0.50 percentage points per annum on the earlier of (i) the date that is 3 months after the date of the consummation of the Pharma Sale and (ii) the 6 month anniversary of the Interim Facility Effective Date and (b) by an additional 0.50 percentage points per annum on each 3 month anniversary of the Interim Facility Effective Date thereafter.
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Related to Revolving Loan LIBOR Rate Margin

  • LIBOR Rate Margin has the meaning set forth in the definition of Applicable Margin.

  • Base Rate Margin has the meaning set forth in the definition of Applicable Margin.

  • Applicable Margin means, with respect to Advances of any Type at any time, the percentage rate per annum which is applicable at such time with respect to Advances of such Type as set forth in the Pricing Schedule.

  • Floating Rate Margin means 7.50 per cent. per annum.

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.