US Prime Rate Margin definition

US Prime Rate Margin means, for any period, the applicable percentage rate per annum applicable to that period as indicated below the reference to “US Prime Rate Advance” in the definition of “Applicable Margin”, as adjusted pursuant to the definition of “Applicable Margin”.
Sample 1Sample 2Sample 3
US Prime Rate Margin means in respect of a U.S. Prime Rate Loan, or portion thereof outstanding on or after the effective date, the U.S. Prime Rate Margin described in the definition of Applicable Margin.
Sample 1Sample 2Sample 3
US Prime Rate Margin at any time when the trailing twelve (12) month Fixed Charge Coverage Ratio is: (a) equal to or less then 1.25:1.00, 1.00% per annum, and (b) greater than 1.25:1.00, 0.75% per annum.
Sample 1

Examples of US Prime Rate Margin in a sentence

  • The US Borrower will pay interest on each US Prime Rate Advance during each Interest Period applicable thereto in United States Dollars at a rate per annum equal to the sum of (i) the US Prime Rate in effect from time to time during such Interest Period plus (ii) the US Prime Rate Margin.

  • Each determination by the Agent of the US Prime Rate and the US Prime Rate Margin applicable from time to time during an Interest Period will, in the absence of manifest error, be binding upon the US Borrower.

  • The officers shall be a chair, vice-chair, clerk and treasurer, no two of whom shall be from the same school district.

  • Credit, Usage and Stand-by Margins: Pricing grid to be updated as follows: Level Senior Debt to EBITDA Ratio Prime Rate Margin, US Base Rate Margin and US Prime Rate Margin BA Stamping Fee Rate, SOFR Margin and Letter of Credit Fee Rate Standby Fee Rate I > 2.00x 375.0 bps 475.0 bps 118.75 bps II > 1.50x ≤ 2.00x 325.0 bps 425.0 bps 106.25 bps III > 1.00x ≤ 1.50x 300.0 bps 400.0 bps 100.00 bps IV ≤ 1.00x 275.0 bps 375.0 bps 93.75 bps JUST ENERGY ONTARIO L.P. and JUST ENERGY (U.S.) CORP.


More Definitions of US Prime Rate Margin

US Prime Rate Margin means 0.25% per annum.
Sample 1

Related to US Prime Rate Margin

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

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

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

  • 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.

  • U.S. Prime Rate means the rate announced publicly by US Reference Bank from time to time as its prime rate in effect for US Dollar denominated commercial loans, whether or not such announced rate is the best rate available at such bank.

  • Canadian Prime Rate means, on any day, the annual rate of interest equal to the greater of (a) the annual rate of interest announced by the Canadian Reference Lender and in effect as its prime rate at its principal office in Toronto, Ontario on such day for determining interest rates on Canadian Dollar-denominated commercial loans in Canada, and (b) the annual rate of interest equal to the sum of the one-month CDOR in effect on such day plus 1.0% per annum.

  • 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 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.

  • Free Margin means the amount of funds available in the Client Account, which may be used to open a position or maintain an Open Position. Free Margin shall be calculated as: Equity less (minus) Necessary Margin [Free margin = Equity- Necessary Margin].

  • Applicable ABR Margin means, at any date:

  • Facility Fee Rate means a rate per annum determined in accordance with the Pricing Schedule.