Term Loan Base Rate Margin has the meaning set forth in the definition of Applicable Margin.
Term Loan Base Rate Margin has the meaning set forth in the definition of Applicable Margin. “Term Loan Borrowing Base” means the result of (a) the lesser of (i) the Term Loan Maximum Amount, and (ii) 25% of the FMV of Eligible IP identified in the most recent Acceptable Appraisal of Eligible IP, minus (b) the aggregate amount of Reserves, if any, established by Agent from time to time under Section 2.1(c) of this Agreement. “Term Loan Commitment” means, with respect to each Lender, its Term Loan Commitment, and, with respect to all Lenders, their Term Loan Commitments, in each case as such Dollar amounts are set forth beside such Lender’s name under the applicable heading on Schedule C-1 to this Agreement or in the Assignment and Acceptance pursuant to which such Lender became a Lender Term under this Agreement, as such amounts may be reduced or increased from time to time pursuant to assignments made in accordance with the provisions of Section 13.1 of this Agreement. “Term Loan Exposure” means, with respect to any Term Loan Lender, as of any date of determination (a) prior to the funding of the Term Loan, the amount of such Lender’s Term Loan Commitment, and (b) after the funding of the Term Loan, the outstanding principal amount of the Term Loan held by such Lender. “Term Loan Lender” means a Lender that has a Term Loan Commitment or that has a portion of the Term Loan. 51 125672876_9
Term Loan Base Rate Margin means, on each day, one and one-quarter percent (1.25%) per annum.
Examples of Term Loan Base Rate Margin in a sentence
The interest rate shall change whenever the applicable Base Rate, Term Loan Base Rate Margin, Adjusted Eurodollar Rate, or Term Loan Eurodollar Rate Margin changes.
The reference to "Base Rate plus the ----------------------- Term Loan Base Rate Margin" in Section 2.5(b) of the Original Agreement is hereby deemed to read "Base Rate".
The base rate margin applicable to Term Loans (the "Term Loan Base Rate Margin") on the Closing Date shall equal one hundred twenty-five thousandths percent (0.125%).
In the event the Pricing Ratio for the Applicable Term Loan Rate is at Level I, the Term Loan Base Rate Margin shall be 2.000%, and in the event the Pricing Ratio for the Applicable Term Loan Rate is at Level II, the Term Loan Base Rate Margin shall be 2.250%.
With respect to Revolving Credit Loans, the Applicable Revolver Base Rate Margin, and with respect to the Term Loan, the Applicable Term Loan Base Rate Margin.
More Definitions of Term Loan Base Rate Margin
Term Loan Base Rate Margin means on each day during the applicable period set forth below the percent per annum set forth below based on the Applicable Leverage Level in effect on such date and for such period: ======================================================================================= Applicable Period --------------------------------------------------------------------------------------- Applicable November 17, 1998 November 17, 2002 November 17, 2004 Leverage Level through November 16, through November 16, through November 17, 2002, inclusive 2004, inclusive 2005, inclusive --------------------------------------------------------------------------------------- Level I .25% .75% 1.00% --------------------------------------------------------------------------------------- Level II 0 .50% .75% --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- Level III 0 .25% .50% --------------------------------------------------------------------------------------- Level IV 0 0 .25% ======================================================================================= Changes in the applicable Term Loan Base Rate Margin will occur automatically without prior notice as changes in the Applicable Leverage Level occur. Administrative Agent will give notice promptly to Borrower and the Term Lenders of changes in the Term Loan Base Rate Margin.
Term Loan Base Rate Margin and "Term Loan Eurodollar Margin" and respectively replacing such definitions in their entirety with the following new definitions:
Term Loan Base Rate Margin means one-half percent (0.50%).
Term Loan Base Rate Margin means three-quarters percent (0.75%).
Term Loan Base Rate Margin means one percent (1.00%).
Term Loan Base Rate Margin with “(a) in the case of a Base Rate Loan which is a Term Loan, 3.50% (the “Term Loan Base Rate Margin”)”; and (2) by replacing “(b) in the case of a LIBOR Rate Loan which is a Term Loan, 5.00% (the “Term Loan LIBOR Rate Margin”)” with “(b) in the case of a LIBOR Rate Loan which is a Term Loan, 4.50% (the “Term Loan LIBOR Rate Margin”)”. (b) The definition of “Borrowing Base” in Section 1.1 of the Credit Agreement is hereby amended as follows: (1) in subclause (i) of clause (a), by replacing “$3,500,000” with “$5,000,000”; (2) in subclause (i) of clause (c), by replacing “$30,000,000” with “$35,000,000”; and Exhibit 10.1
Term Loan Base Rate Margin means (i) on each day from the date hereof until the date the Applicable Leverage Level is determined following the Fiscal Quarter ending on September 30, 1998, one and one fourth percent (1.25%) per annum and (ii) on any date on or after such date, the percent per annum set forth below based on the Applicable Leverage Level in effect on such date and Applicable Rating Level in effect on such date: Applicable Applicable Rating Xxxxx Xxxxxxxx Xxxxx Xxxxx X Xxxxx X ------------------------------------------- Level I 1.00% 1.25% ------------------------------------------- Level II .75% 1.00% ------------------------------------------- Level III .50% .75% Changes in the applicable Term Loan Base Rate Margin will occur automatically without prior notice as changes in the Applicable Leverage Level or Applicable Rating Level occur. Administrative Agent will give notice promptly to Borrower and the Term Lenders of changes in the Term Loan Base Rate Margin.