Supplemental Margin definition

Supplemental Margin means (a) for each day during the fiscal ------------------- quarter commencing on October 1, 2002 that all or any portion of the Minimum Prepayment Amount shall not have been paid, 0.25%, and (b) thereafter, for each day during each subsequent fiscal quarter that all or any portion of the Minimum Prepayment Amount shall not have been paid, the sum of (i) the Supplemental Margin in effect prior to the commencement of such fiscal quarter plus (ii) 0.25%; provided that from ---- -------- and after payment in full of the Minimum Prepayment Amount, the Supplemental Margin shall be zero.
Sample 1
Supplemental Margin means, on any date of issuance of Second Priority Senior Notes subsequent to the initial issuance on September 30, 2003, the amount equal to the product of (A) the excess, if any, of (i) the all-in-yield for the additional principal amount of Second Priority Senior Notes at the respective issuance date of such additional issuance of Second Priority Senior Notes over (ii) 12.25% multiplied by (B) the ratio of (i) the principal amount of such additional issuance of Second Priority Senior Notes to (ii) the total principal amount of Second Priority Senior Notes, after giving effect to such additional issuance. As used in this definition, the term “all-in-yield” with respect to any issuance of Second Priority Senior Notes after the initial issuance date shall be calculated on the issuance date for the principal amount issued on such date and shall mean the weighted average of the all-in-yield to maturity of such Second Priority Senior Notes that bear interest at a fixed rate and the swap equivalent fixed rate on the date of the issuance of such Second Priority Senior Notes of the all-in yield to maturity of such Second Priority Senior Notes that bear interest at a floating rate, expressed as a percentage on the date of the issuance of such Second Priority Senior Notes (including the coupon rate and any original issue discount (amortized over the life of such Second Priority Senior Notes)).
Sample 1
Supplemental Margin means (a) with respect to any ABR Loan of a Class B Dollar Lender, a Class B Multicurrency Lender or a Class C Multicurrency Lender, 2.00% per annum; and (b) with respect to any Eurocurrency Loan of a Class B Dollar Lender, a Class B Multicurrency Lender or a Class C Multicurrency Lender, 2.00% per annum.
Sample 1

Examples of Supplemental Margin in a sentence

  • Changes in the rate of interest on that portion of the Loans maintained as Eurodollar Rate Loans will take effect simultaneously with each change in the Applicable Margin or the implementation of the Supplemental Margin.

  • Net Transaction Exposure: As of any time, an amount equal to the excess (if any) of: (a) the Purchased Securities Exposure Amount over (b) an amount equal to the product of (i) the amount of Net Margin (determined exclusive of Supplemental Margin Held) provided to Buyer by Seller multiplied by (ii) the Class A Note Cash-Out Percentage.

  • From and after the date of the issuance of the Second Priority Senior Notes, an additional amount of interest (the “Supplemental Interest”) shall accrue with respect to the unpaid balance of the Term Loans at an annual fixed rate (compounded at the end of each Fiscal Quarter) equal to the Supplemental Margin, if any.

  • Each Eurodollar Rate Loan shall bear interest from and including the first day of the Interest Period applicable thereto to (but not including) the last day of such Interest Period at the interest rate determined as applicable to such Eurodollar Rate Loan, subject to adjustment when and as the Supplemental Margin is in effect.

  • The Loans constituting each Eurocurrency Borrowing shall bear interest at a rate per annum equal to the Adjusted LIBO Rate for the related Interest Period for such Borrowing plus the Applicable Margin plus, in the case of the Dollar Revolving Loans, the Class B Multicurrency Revolving Loans and the Class B Syndicated Term Loans only (but only with respect to the accrual of interest hereunder for each day on and after the Amendment Effective Date), the Supplemental Margin.

  • Changes in the rate of interest on that portion of the Loans maintained as Eurodollar Rate Loans will take effect simultaneously with the implementation of the Supplemental Margin.

  • Each Eurodollar Rate Loan shall bear interest from and including the first day of the Interest Period applicable thereto to (but not including) the last day of such Interest Period at the interest rate determined as applicable to such Eurodollar Rate Loan, changing when and as the Applicable Margin changes or when the Supplemental Margin is in effect.

  • From and after the date of the issuance of any additional Second Priority Senior Notes subsequent to the initial issuance of Second Priority Senior Notes, an additional amount of interest (the “Supplemental Interest”) shall accrue with respect to the unpaid balance of the Term Loans at an annual fixed rate (compounded at the end of each Fiscal Quarter) equal to the Supplemental Margin, if any.

  • The Loans constituting each ABR Borrowing (including each Swingline Loan denominated in Dollars) shall bear interest at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin plus, in the case of such Loans of the Class B Dollar Lenders, the Class B Multicurrency Lenders and the Class C Multicurrency Lenders only, the Supplemental Margin.


More Definitions of Supplemental Margin

Supplemental Margin means the amount equal to the excess, if any, of (i) the weighted average of the all-in yield to maturity of the Second Priority Senior Notes that bear interest at a fixed rate and the swap equivalent fixed rate on the date of the issuance of the Second Priority Senior Notes of the all-in yield to maturity of the Second Priority Senior Notes that bear interest at a floating rate, expressed as a percentage on the date of the issuance of the Second Priority Senior Notes (including the coupon rate and any original issue discount (amortized over the life of the Second Priority Senior Notes)) over (ii) the percentage specified in that certain supplemental pricing letter, dated as of September 12, 2003, by and between Borrower and the Administrative Agent.
Sample 1
Supplemental Margin is defined in the definition of "Eurodollar Rate" above. -------------------- "SYNDICATION AGENT" means Bank of America and its successors. ------------------ "TAXES" means any and all present or future taxes, duties, levies, imposts, ----- deductions, charges or withholdings, and any and all liabilities with respect to --- the foregoing, but excluding Excluded Taxes. "TERMINATION DATE" means the earliest to occur of (a) January 16, 2004, (b) the ----------------- date of termination in whole of the Aggregate Commitment pursuant to Section 2.5 ----------- or Section 9.1 hereof and (c) if the Designated Acquisition has not occurred ------------ prior thereto, April 1, 2003. "TERMINATION EVENT" means (i) a Reportable Event with respect to any Benefit ------------------ Plan; (ii) the withdrawal of the Borrower or any member of the Controlled Group -- from a Benefit Plan during a plan year in which the Borrower or such Controlled Group member was a "substantial employer" as defined in Section 4001(a)(2) of ERISA with respect to such plan; (iii) the imposition of an obligation under Section 4041 of ERISA to provide affected parties written notice of intent to terminate a Benefit Plan in a distress termination described in Section 4041(c) of ERISA; (iv) the institution by the PBGC or any foreign governmental authority of proceedings to terminate or appoint a trustee to administer a Benefit Plan or Foreign Pension Plan; (v) any event or condition which might constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Benefit Plan; or (vi) the partial or complete withdrawal of the Borrower or any member of the Controlled Group from a Multiemployer Plan. "TRANSACTION DOCUMENTS" means the Loan Documents and the documents executed and ---------------------- delivered by the Borrower or any of its Subsidiaries in connection with the Designated Acquisition including, without limitation, the Designated Acquisition Agreement. "TRANSACTIONS" means this Agreement (and the financing transactions evidenced by ------------ the Loan Documents) and the Designated Acquisition. "TRANSFEREE" is defined in Section 13.5 hereof. ---------- ------------- "TYPE" means, with respect to any Loan, its nature as a Floating Rate Loan or a ---- Eurodollar Rate Loan. "UNMATURED DEFAULT" means an event which, but for the lapse of time or the ------------------ giving of notice, or both, would constitute a Default. ---- The foregoin...
Sample 1
Supplemental Margin means (a) with respect to any ABR Revolving Loan of a Class B Multicurrency Revolving Lender or a Dollar Revolving Lender, 2.000% per annum; (b) with respect to any Eurocurrency Revolving Loan of a Class B Multicurrency Revolving Lender or a Dollar Revolving Lender, 2.375% per annum or, during any period that the Borrower has a long-term unsecured senior, non-credit enhanced debt rating of BBB (or the equivalent) or higher from one or more Rating Agencies, 2.125% per annum (in the event of split ratings from two Rating Agencies, the higher rating shall apply and, in the event of split ratings from three Rating Agencies, the lower rating of the two highest ratings shall apply); (c) with respect to any ABR Term Loan of a Class B Syndicated Term Lender, 1.500% per annum; and (d) with respect to any Eurocurrency Term Loan of a Class B Syndicated Term Lender, 1.500% per annum.
Sample 1
Supplemental Margin is defined in the definition of “Eurodollar Rate” above.
Sample 1

Related to Supplemental Margin

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

  • Note Margin With respect to each Mortgage Loan, the fixed percentage set forth in the related Mortgage Note and indicated in Exhibit One hereto as the "NOTE MARGIN," which percentage is added to the Index on each Adjustment Date to determine (subject to rounding in accordance with the related Mortgage Note, the Periodic Cap, the Maximum Mortgage Rate and the Minimum Mortgage Rate) the interest rate to be borne by such Mortgage Loan until the next Adjustment Date.

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

  • Initial Margin means the amount of cash or securities deposited with a broker as a margin payment at the time of purchase or sale of a futures contract.

  • 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.

  • Additional Margin shall have the meaning provided in Section 2.14(a).

  • Applicable Base Rate Margin means, on any day, a rate per annum equal to the higher of (a) the Applicable Eurocurrency Margin for such day minus 1.00% and (b) 0.00%.

  • Applicable Interest Rate Margin means (a) as to any Base Rate Advance, the applicable rate per annum set forth below under the caption “Base Rate Spread” and (b) as to any LIBO Rate Advance, the applicable rate per annum set forth below under the caption “LIBO Rate Spread”, determined by reference to the higher of (i) the rating of Mondelēz’s long-term senior unsecured Debt from Standard & Poor’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Standard & Poor’s for Mondelēz) and (ii) the rating of Mondelēz’s long-term senior unsecured Debt from Moody’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Moody’s for Mondelēz), in each case on such date: Rating Base Rate Spread LIBO Rate Spread A or higher by Standard & Poor’s A2 or higher by Moody’s 0.000 % 0.805 % A- by Standard & Poor’s A3 by Moody’s 0.000 % 0.920 % BBB+ by Standard & Poor’s Baa1 by Moody’s 0.030 % 1.030 % BBB by Standard & Poor’s Baa2 by Moody’s 0.140 % 1.140 % Lower than BBB by Standard & Poor’s Lower than Baa2 by Moody’s 0.250 % 1.250 % provided that if on any date of determination (x) a rating is available on such date from only one of Standard & Poor’s and Moody’s but not the other, the Applicable Interest Rate Margin shall be determined by reference to the then available rating; (y) no rating is available from either of Standard & Poor’s or Moody’s, the Applicable Interest Rate Margin shall be determined by reference to the rating of any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders and (z) no rating is available from any of Standard & Poor’s, Moody’s or any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders, the Applicable Interest Rate Margin shall be 0.250% as to any Base Rate Advance and 1.250% as to any LIBO Rate Advance.

  • Applicable LIBOR Rate Margin means the following per annum percentages, applicable in the following situations:

  • Applicable Margins means collectively the Applicable Revolver Index Margin, the Applicable Term Loan Index Margin, the Applicable Revolver LIBOR Margin and the Applicable Term Loan LIBOR Margin.

  • Prime Rate Margin is set forth on Schedule I hereto.

  • LIBOR Margin has the meaning given that term in Section 2.2.(c)(ii)(D).

  • Certificate Margin As to any Class of LIBOR Certificates, the respective amount set forth below: Class Certificate Margin A-1 0.225% 0.450% A-2 0.290% 0.580% A-3 0.080% 0.160% A-4 0.240% 0.480% M-1 0.320% 0.640% M-2 0.430% 0.645% M-3 0.450% 0.675% M-4 0.480% 0.720% M-5 0.620% 0.930% M-6 0.650% 0.975% M-7 0.710% 1.065% M-8 1.650% 2.475% M-9 2.150% 3.225% M-10 2.250% 3.375% M-11 2.250% 3.375%

  • CD Margin means a rate per annum determined in accordance with the Pricing Schedule.

  • Applicable ABR Margin means, at any date:

  • Applicable Eurodollar Rate Margin means, with respect to any Eurodollar Rate Advance, for each Pricing Period, the interest rate margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin II 125.0 III 175.0 IV 250.0

  • Step Up Margin means the rate per annum specified in the applicable Final Terms; and

  • Applicable Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin II 10.0 V 17.5

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

  • Eurodollar Rate Margin means the margin over the Eurodollar Rate used in determining the rate of interest of Eurodollar Rate Loans pursuant to subsection 2.2A.

  • LIBOR Applicable Margin means, as of any date with respect to any LIBOR Interest Period, the Applicable Margin in effect for such LIBOR Interest Period as determined in accordance with Section 2.4 hereof.

  • Applicable L/C Margin means the per annum fee, from time to time in effect, payable with respect to outstanding Letter of Credit Obligations as determined by reference to Section 1.5(a).

  • Applicable LIBOR Margin means a per annum rate of interest payable in addition to the LIBOR Rate on LIBOR Rate Loans, determined by reference to Section 1.6.

  • Applicable Unused Line Fee Margin means the per annum fee, from time to time in effect, payable in respect of Borrowers’ non-use of committed funds pursuant to Section 1.9(b), which fee is determined by reference to Section 1.5(a).