Tranche A Applicable Margin means, for any Tranche A Loans and Tranche A Loan Certificates, 1.75% per annum (calculated on the basis of a year of 360 days and actual number of days elapsed).
Tranche A Applicable Margin. 1.20% per annum.
Tranche A Applicable Margin means (a) with respect to the Eurodollar Loans (i) prior to the Conversion Date, three and three-quarters percent (3.75%), and (ii) on and after the Conversion Date, three and one-quarter percent (3.25%), and (b) with respect to the Base Rate Loans (i) prior to the Conversion Date, two and three-quarters percent (2.75%), and (ii) on and after the Conversion Date, two and one-quarter percent (2.25%).
Examples of Tranche A Applicable Margin in a sentence
Any amount of accrued Commitment Fees which is not paid when due shall bear interest payable on demand, from the date on which such amount is due until such amount is paid in full, at the rate per annum equal at all times to the lesser of (i) the highest lawful rate under applicable law, and (ii) 2% per annum above the sum of the Tranche A Applicable Margin plus the Base Rate.
Subject to the provisions of Section 2.06(c), (i) the Tranche A Loans comprising each ABR Borrowing shall bear interest at a rate per annum equal to the Alternate Base Rate plus the Tranche A Applicable Margin in effect from time to time and (ii) the Tranche B Loans comprising each ABR Borrowing shall bear interest at a rate per annum equal to the Alternate Base Rate plus the Tranche B Applicable Margin in effect from time to time.
The unpaid principal amount of each Prime Rate Advance shall bear interest prior to maturity at a rate per annum equal to the Base Rate per annum PLUS (i) for Tranche A Loans, the Tranche A Applicable Margin for Prime Rate Advances, or (ii) for Tranche B Loans, the Tranche B Applicable Margin for Prime Rate Advances.
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More Definitions of Tranche A Applicable Margin
Tranche A Applicable Margin means (a) with respect to the Eurodollar Loans, two and one-half percent (2.50%) and (b) with respect to the Base Rate Loans, one and one-half percent (1.50%).
Tranche A Applicable Margin in respect of the Tranche A Loans, has the meaning set forth in Section 1 of the Facility Agreement.
Tranche A Applicable Margin means at any time:
Tranche A Applicable Margin means, at any time of determination of the Eurodollar Rate, the rate per annum set forth opposite the then applicable rating category for the senior unsecured long-term debt of AMAT (such rate changing from time to time on the date of each change in the rating for the unsecured long-term debt of AMAT): RATING CATEGORY Applicable Margin --------------- ----------------- A or higher by S&P A2 or higher by Moody's 0.225% A- by S&P A3 by Moody's 0.250% BBB+ by S&P Baa1 by Moody's 0.300% BBB by S&P Baa2 by Moody's 0.375% BBB- by S&P Baa3 by Moody's 0.450% lower than BBB- by S&P lower than Baa3 by Moody's 0.750% If the ratings established or deemed established by Moody's and S&P shall fall in different categories, the higher rating category and, therefore, the lower Tranche A Applicable Margin shall apply. If neither Moody's nor S&P shall have in effect a rating for such debt, then the highest Tranche A Applicable Margin shall apply. Notwithstanding the foregoing, for any day during an Interest Period, with respect to the portion of the outstanding principal amounts of the Tranche A Eurodollar Notes which, on such day, are collateralized pursuant to the Pledge Agreement or the Custodial Agreement with Treasury Securities or Cash Collateral, the Tranche A Applicable Margin for such day shall be 0.150%. For purposes of the foregoing sentence, the "portion of the outstanding principal amount of the Tranche A Eurodollar Notes which Lessee has collateralized with Treasury Securities" for each Eurodollar Lender shall be deemed to equal 95% of such Eurodollar Lender's Commitment Percentage of the Value (as defined in the Custodial Agreement) of Securities Collateral (as defined in the Custodial Agreement) pledged by Lessee pursuant to the Pledge Agreement as of the applicable Payment Date.
Tranche A Applicable Margin means a percentage per annum equal to (a) 2.50% in the case of Tranche A Loans that are Eurodollar Loans and (b) 1.50% in the case of Tranche A Loans that are ABR Loans.
Tranche A Applicable Margin means /i/ during the Construction Period, 3.75% annually; and /ii/ during the Operation Period, 3.5% annually.
Tranche A Applicable Margin means, for any Type of Tranche A Loan made to any Borrower at any time, the percentage per annum set forth below corresponding to such Type of Tranche A Loan in the column under the Applicable Rating Level of such Borrower at the time of determination. The Tranche A Applicable Margins set forth below with respect to each Applicable Rating Level shall be increased by the percentage set forth below in the row designated "Utilization Fee" during any period (and for only such period) in which Tranche A Outstanding Credits are at least 33 1/3 % of the aggregate amount of the Tranche A Commitments. At any time an Event of Default has occurred and is continuing, the Tranche A Applicable Margins set forth below shall be increased for each Applicable Rating Level by 2.00%. Upon the occurrence of the Term Loan Conversion (if applicable), the Tranche A Applicable Margins for Eurodollar Loans with respect to each Applicable Rating Level set forth below shall be increased by 0.250%. ============================================================================================================== Applicable Rating Level Level 1 Level 2 Level 3 Xxxxx 0 Xxxxx 0 ------- ------- ------- ------- ------- --------------------------------------------------------------------------------------------------------------- Percentage Per Annum --------------------------------------------------------------------------------------------------------------- Eurodollar Loan 0.525% 0.725% 0.850% 0.950% 1.200% --------------------------------------------------------------------------------------------------------------- ABR Loan 0% 0% 0% 0% 0% --------------------------------------------------------------------------------------------------------------- Utilization Fee 0.125% 0.125% 0.125% 0.125% 0.500% ===============================================================================================================