Term Loan LIBOR Rate Margin definition

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
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Term Loan LIBOR Rate Margin means the amount determined to be in effect from time to time in accordance with the matrix below. The initial Term 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 Term Loan LIBOR Rate Margin will be reset based on the Leverage Ratio calculated by reference to such consolidated financial statements and Compliance Certificate. Tier Term 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 Term 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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Term Loan LIBOR Rate Margin has the meaning set forth in the definition of Applicable Margin. “Term Loan Maximum Amount” means the Term Loan Amount; provided, that such amount shall be permanently reduced (i) by an amount equal to each payment of the Term Loan made or required to be made pursuant to Section 2.2 of this Agreement, each prepayment of the Term Loan made pursuant to Section 2.4(d)(ii), and each prepayment of the Term Loan made or required to be made pursuant to Section 2.4(e) of this Agreement, in each case as of the date of such payment or such prepayment (or, if any payment of the Term Loan required to made pursuant to Section 2.2 of this Agreement or any prepayment of the Term Loan required to be made pursuant to this Section 2.4(e) of this Agreement is not made when required to be made, as of the date that such payment or such prepayment is required to be made), and (ii) on the date Agent notifies Borrowers of Agent's receipt of an Acceptable Appraisal of IP, by the amount, if any, by which the Term Loan Maximum Amount on such date is in excess of 25% of the FMV of Eligible IP based on such appraisal. “Term SOFR” means the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant Governmental Body. “Trademark Security Agreement” has the meaning specified therefor in the Guaranty and Security Agreement. “TTM EBITDA” means, as of any date of determination, EBITDA of Borrowers determined on a consolidated basis in accordance with GAAP, for the 12 month period most recently ended. “UCP” means, with respect to any Letter of Credit, the Uniform Customs and Practice for Documentary Credits 2007 Revision, International Chamber of Commerce Publication No. 600 and any version or revision thereof accepted by Issuing Bank for use. “Unadjusted Benchmark Replacement” means the Benchmark Replacement excluding the Benchmark Replacement Adjustment. “Unfinanced Capital Expenditures” means Capital Expenditures (a) not financed with the proceeds of any incurrence of Indebtedness (other than the incurrence of any Revolving Loans), the proceeds of any sale or issuance of Equity Interests or equity contributions, the proceeds of any asset sale (other than the sale of Inventory in the ordinary course of business) or any insurance proceeds, and (b) that are not reimbursed by a third person (excluding any Loan Party or any of its Affiliates) in the period such expenditures are made pursuant to a written agreement. “United States” means the United States of ...
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Examples of Term Loan LIBOR Rate Margin in a sentence

  • Subject to clause (d) below, interest on (A) the entire Initial Term Loan shall be charged at a rate of interest based upon the LIBOR Rate plus the Initial Term Loan LIBOR Rate Margin in accordance with Section 2.6(a) and (B) the entire Second Amendment Term Loan shall be charged at a rate of interest based upon the LIBOR Rate plus the Second Amendment Term Loan LIBOR Rate Margin in accordance with Section 2.6(a).

  • Each portion of the Term 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 Term Loan LIBOR Rate Margin.

  • Provided, however, Borrowers shall have the option of designating a portion of Term Loan B as a Loan which bears interest at the LIBOR Rate, plus the Term Loan LIBOR Rate Margin, or converting the interest rate for all or a portion of Term Loan B to the LIBOR Rate, plus the Term Loan LIBOR Rate Margin, in accordance with Section 2.3 below.

  • Provided, however, Borrowers shall have the option of designating a portion of Term Loan A as a Loan which bears interest at the LIBOR Rate, plus the Term Loan LIBOR Rate Margin, or converting the interest rate for all or a portion of Term Loan A to the LIBOR Rate, plus the Term Loan LIBOR Rate Margin, in accordance with Section 2.3 below.


More Definitions of Term Loan LIBOR Rate Margin

Term Loan LIBOR Rate Margin means, on each day, three percent (3.00%) per annum.
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Term 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 twenty-five (225) 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, "Term 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: FUNDED DEBT TO EBITDA RATIO TERM LOAN LIBOR RATE MARGIN ------------------------------------- --------------------------- Less than 2.65 to 1.0 200 Basis Points ------------------------------------- --------------------------- Greater than or equal to 2.65 to 1.0, 225 Basis Points but less than or equal to 4.35 to 1.0 ------------------------------------- --------------------------- Greater than 4.35 to 1.0 250 Basis Points ------------------------------------- ---------------------------
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Term Loan LIBOR Rate Margin means 8.25%; provided, that the Term Loan LIBOR Rate Margin shall increase (a) by 1.00 percentage point 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 1.00 percentage point per annum on each 3 month anniversary of the Interim Facility Effective Date thereafter.
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Term Loan LIBOR Rate Margin has the meaning set forth in the definition of Applicable Margin.
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Related to Term Loan LIBOR Rate Margin

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

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

  • 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.

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

  • 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

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

  • 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.

  • 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.

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

  • Applicable Prime Rate Margin shall have the meaning provided in section 2.7(g).

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

  • 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 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 Revolver LIBOR Margin means the per annum interest rate from time to time in effect and payable in addition to the LIBOR Rate applicable to the Revolving Loan, as determined by reference to Section 1.5(a).

  • 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.

  • 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.

  • Term Loan Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • 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.

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

  • Applicable Eurodollar Margin means, as at any date of determination, the rate per annum then applicable to Eurodollar Rate Loans determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • 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

  • Applicable Eurocurrency Margin means, as at any date of determination, the rate per annum then applicable to Eurocurrency Rate Loans determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • 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).

  • Applicable ABR Margin means, at any date:

  • Euro-Dollar Margin means a rate per annum determined in accordance with the Pricing Schedule.

  • Applicable Unused Commitment Fee Rate means 0.50% per annum.