Term Loan Margin definition

Term Loan Margin. (a) with respect to any outstanding portion of the Term Loan that is a Eurodollar Rate Advance, 7.50% per annum, and (b) with respect to any outstanding portion of the Term Loan that is a Base Rate Advance, 6.50% per annum.

Term Loan Margin means, with respect to any term loans outstanding on and after the Loan Conversion Date (if any), a percentage rate per annum equal to 0.125%.

Term Loan Margin. (a) with respect to anyTermination Date” means (a) for outstanding portion of the Term Loan (Loans other than Shortened Loans), (1) 12.5% per annum, for Eurodollar Rate Advances, or (2) 11.5% per annum, for Base Rate Advances, and (b) with respect to any outstanding

Examples of Term Loan Margin in a sentence

• The outstanding principal amount of each Term Loan made by each Lender shall bear interest at a fluctuating rate per annum that shall at all times be equal to (i) during such periods as such Term Loan is a Base Rate Loan, the Base Rate plus the Applicable Term Loan Margin, and (ii) during such periods as such Term Loan is a Eurodollar Loan, the relevant Adjusted Eurodollar Rate for such Eurodollar Loan for the applicable Interest Period plus the Applicable Term Loan Margin.

• During such periods as any outstanding portion of the Term Loan is a Base Rate Advance, each such Term Loan Borrowing shall earn interest at a rate per annum equal at all times to the sum of (x) the Base Rate in effect from time to time plus (y) the Term Loan Margin for Base Rate Advances, payable in arrears quarterly on the 5th day subsequent to the last day of each month during such periods and on the date such Base Rate Advance shall be Converted or paid in full.

• Term Loan Margin resulting from a change in the Senior Secured Leverage Ratio shall become effective upon delivery by the Borrower to the Administrative Agent of a new Compliance Certificate pursuant to clause (g) of Section 7.1.

• From the date hereof until and including June 30, 2005, each of Real Estate Term Loans 1, 2, 3 & 4 shall bear interest on the unpaid principal balance thereof, payable monthly in arrears at a rate per annum equal to LIBOR plus the Applicable Real Estate Term Loan Margin.

• With respect to any portion of the Term Loan that shall be a Eurodollar Loan, Borrower shall pay interest on the unpaid principal amount of each Eurodollar Loan outstanding from time to time, fixed in advance on the first day of the Interest Period applicable thereto through the last day of the Interest Period applicable thereto (but subject to changes in the Applicable Term Loan Margin), the Derived Term Loan Eurodollar Rate.

More Definitions of Term Loan Margin

Term Loan Margin with respect to any Term Loans in this clause (i), the Tranche A Term Loan Margin or the Tranche B Term Loan Margin, as applicable, shall be deemed to be determined without giving effect to the provisos in the respective definitions thereof.

Term Loan Margin means the corresponding percentages per annum as set forth below based on the Leverage Ratio: I < 40% 1.55 % 0.55 % II > 40%, but < 45% 1.70 % 0.70 % III > 45%, but < 50% 1.80 % 0.80 % IV > 50%, but < 55% 1.95 % 0.95 % V > 55% 2.15 % 1.15 % Commencing the date hereof, the Term Loan Margin shall be Price Level III until the receipt by Agent of the first Compliance Certificate. The Term Loan Margin shall be determined and adjusted quarterly on the date (each a “Calculation Date”) ten (10) Business Days after receipt by the Administrative Agent of the Compliance Certificate pursuant to Section 6.02 for the most recently ended fiscal quarter of the Borrower; provided that if the Borrower fails to provide the Compliance Certificate as required by Section 6.02 for the most recently ended fiscal quarter of the Borrower preceding the applicable Calculation Date, the Term Loan Margin from such Calculation Date shall be based on Pricing Level V until such time as an appropriate Compliance Certificate is provided, at which time the Pricing Level shall be determined by reference to the Leverage Ratio as of the last day of the most recently ended fiscal quarter of the Borrower preceding such Calculation Date. The Term Loan Margin shall be effective from one Calculation Date until the next Calculation Date. Any adjustment in the Term Loan Margin shall be applicable to all Loans then existing or subsequently made or issued.

Term Loan Margin means, for any day, 2.75%; provided, however, that if (a) EBITDA for the fiscal year of the Parent and its Subsidiaries ending on April 30, 2002 (as reported in the financial statements of the Parent and its Subsidiaries delivered to the Agent pursuant to Section 6.3(b)) is greater than or equal to $15,000,000 and (b) the Term Loan Amount as of April 30, 2002 is less than or equal to $6,500,000, then on and after the Margin Test Date, the Term Loan Margin shall mean:

Term Loan Margin means 1.00 percentage points.

Term Loan Margin. For each fiscal quarter of the Borrower, the percentage rate corresponding to both the Funded Debt/EBITDA Ratio and the Senior Debt/TCB Ratio for the second preceding fiscal quarter of the Borrower, as set forth below: Senior Debt/TCB Ratio <=0.50:1-0.99:1 1.00:1-1.99:1 2.00:1-2.74:1 >=2.75:1 <=0.50:1-0.99:1 LC+1.75% LC+1.85% LC+2.10% LC+2.50% Funded P+0% P+0% P+0% P+0 Debt/ 1.00:1-1.99:1 LC+1.85% LC+2.10% LC+2.25% LC+2.75% EBITDA P+0% P+0% P+0% P+0.25% Ratio 2.00:1-2.74:1 LC+2.10% LC+2.25% LC+2.75% LC+3.00% P+0% P+0% P+0.25% P+0.50% >=2.75:1 LC+2.50% LC+2.75% L+3.00% L+3.25% P+0% P+0.25% P+0.50% P+1.00%

Term Loan Margin means, from the date hereof until the date of the first adjustment described below, the rate per annum applicable to Level 1 as reflected on the grid below, and thereafter, a rate per annum determined by reference to the following grid: 1 Less than or equal to 1.50 to 1.00 3.00% 0.50% 2 Greater than or equal to 1.51 to 1.00 but less than or equal to 2.00 to 1.00 3.25% 1.00% 3 Greater than or equal to 2.01 to 1.00 3.50% 1.50% Adjustments, if any, in the applicable Term Loan Margin shall be implemented quarterly, on a prospective basis, as of the first day of the fiscal quarter following the date of delivery to Lender of the unaudited or annual audited (as applicable) financial statements covering the fiscal quarter then ended evidencing the need for an adjustment, commencing with the financial statements for the period ending March 31, 2006. Failure to timely deliver such financial statements shall, in addition to any other remedy provided for in this Agreement (including, without limitation, imposing the Default Rate), result in an increase in the applicable Term Loan Margin to the highest level set forth in the foregoing grid, until the first day of the first fiscal quarter following the delivery of those financial statements demonstrating that such an increase is not required. If amended or restated financial statements change the previously calculated Term Loan Margin, Lender may reduce or increase the applicable Term Loan Margin from the date of receipt of such amended or restated financial statements, to the beginning of the appropriate fiscal quarter to which the restated statements relate or to the beginning of the fiscal quarter in which any Event of Default has occurred, as Lender in its sole discretion deems appropriate.

Term Loan Margin is 4.50 percent (450 basis points) per annum.