Applicable Eurodollar Rate Margin definition

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 I 52.50 II 62.50 III 72.50 IV 82.50 V 92.50
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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:
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Applicable Eurodollar Rate Margin means:
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Examples of Applicable Eurodollar Rate Margin in a sentence

  • Except as otherwise provided in Sections 3.1(d) and 3.8, the unpaid principal amount of any Eurodollar Rate Loan shall bear interest at a rate per annum equal to the Eurodollar Rate for that Eurodollar Rate Loan plus the Applicable Eurodollar Rate Margin.

  • For Eurodollar Rate Loans, at a rate per annum equal at all times during the applicable Interest Period for each Eurodollar Rate Loan to the sum of the Eurodollar Rate for such Interest Period plus the Applicable Eurodollar Rate Margin, payable in arrears (i) on the last day of such Interest Period and (ii) if such Interest Period has a duration of more than three months, on each day during such Interest Period that occurs every three months from the first day of such Interest Period.

  • Except as otherwise provided in Section 3.7, the unpaid principal amount of any Eurodollar Rate Advance shall bear interest at a rate per annum equal to the Eurodollar Rate for that Eurodollar Rate Advance plus the Applicable Eurodollar Rate Margin.

  • Section 1.1 of the Loan Agreement is hereby amended by deleting the definitions of "Applicable Alternate Base Rate Margin" and "Applicable Eurodollar Rate Margin" in their entirety.

  • Section 3.01(b) of the Credit Agreement is hereby amended by deleting the text "Applicable Eurodollar Rate Margin then in effect with respect to Revolving Loans" appearing in said Section and inserting the text "Applicable Margin then in effect with respect to Revolving Loans maintained as Eurodollar Loans" in lieu thereof.


More Definitions of Applicable Eurodollar Rate Margin

Applicable Eurodollar Rate Margin means (i) for the period from the Effective Date through but not including the first Start Date after the Effective Date, 2.50%, and (ii) from and after any Start Date to and including the corresponding End Date, the respective percentage per annum set forth in clause (A), (B), (C), (D), (E) or (F) below if, but only if, as of the Test Date for such Start Date the applicable condition set forth in clause (A), (B), (C), (D), (E) or (F) below, as the case may be, is met:
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Applicable Eurodollar Rate Margin shall have the meaning ascribed to it in Subsection 2.5(b) hereof.
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Applicable Eurodollar Rate Margin with respect to any Eurodollar Rate Advance to any Borrower means for any day the rate per annum set forth below opposite the applicable S&P Bond Rating and Moodx'x Xxxd Rating in effect on such day for such Borrower: Bond Rating Applicable Eurodollar (S&P/Moodx'x) Level Rate Margin ------------- ----- --------------------- A/A2 or higher I .170% A-/A3 II .260% BBB+/Baa1 III .290% BBB/Baa2 IV .375% BBB-/Baa3 V .525% BB+/Ba1 or lower VI .775%; provided that (i) if the Bond Ratings for any Borrower do not fall within the same Level, the Applicable Eurodollar Rate Margin applicable to such day will be the percentage opposite the Bond Rating that is at the higher level (Level I being the highest and Level VI being the lowest Level), (ii) in the event a Bond Rating for a Borrower is not available from one of the Rating Agencies, the Applicable Eurodollar Rate Margin will be based on the Bond Rating of the other Rating Agency, (iii) in the event a Bond Rating for the Company is available from none of the Rating Agencies, the Applicable Eurodollar Rate Margin for the Company will be the percentage opposite Level VI, and (iv) in the event a Bond Rating for a Borrowing Subsidiary is available from none of the Rating Agencies, the Applicable Eurodollar Rate Margin for such Borrower will be determined using the Bond Ratings of the Company (unless there is another Borrower (the "Intermediate Parent") that directly or indirectly owns 100% of the common stock of such Borrower and the Intermediate Parent has a Bond Rating in effect, in which case, the Applicable Eurodollar Rate Margin for such Borrower will be determined using the Bond Ratings of the Intermediate Parent of such Borrower); provided, that for each day on which the aggregate principal amount of the Advances outstanding hereunder is equal to or greater than 25% of the aggregate amount of the total Commitments hereunder, the Applicable Eurodollar Rate Margin for each Borrower will be increased by .125% for such day.
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Applicable Eurodollar Rate Margin means, 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 ------------- ------ I 16.5 II 22.0 III 27.5 IV 37.5 V 47.5
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Applicable Eurodollar Rate Margin. A percentage equal to (i) sixty-one one-hundredths of one percent (.61%) at all times when the Borrower's senior debt (A) is not rated by Moody's or by Standard & Poors, (B) if rated by Moody's and Standard & Poors, has a rating of less than BBB- by Moody's and has a rating of less than Baa3 by Standard & Poors, (C) if rated only by Moody's, has a rating of less than BBB- by Moody's, or (D) if rated only by Standard & Poors, has a rating of less than Baa3 by Standard & Poors, and (ii) forty-five one-hundredths of one percent (.45%) at all times when the Borrower's senior debt (A) if rated by Moody's and Standard & Poors, has a rating of BBB- or better by Moody's or has a rating of Baa3 or better by Standard & Poors, (B) if rated only by Moody's, has a rating of BBB- or better by Moody's, or (C) if rated only by Standard & Poors, has a rating of Baa3 or better by Standard & Poors.
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Applicable Eurodollar Rate Margin means, for each Eurodollar Rate Portion of --------------------------------- Loans outstanding prior to the Termination Date:
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Applicable Eurodollar Rate Margin means the following per annum interest rate applicable to Eurodollar Rate Advances from time to time depending on the Total Debt to Capitalization Ratio Level of the Company: Level Applicable Eurodollar Rate Margin Level I 1.125% Level II 0.875% Level III 0.625% Level IV 0.500% The Applicable Eurodollar Rate Margin for any fiscal quarter shall be determined by reference to the Total Debt to Capitalization Ratio as of the last day of the second fiscal quarter prior to the quarter for which the Applicable Eurodollar Rate Margin is determined. For example, the Applicable Eurodollar Rate Margin for the fiscal quarter beginning April 1, 2005 shall be determined on the basis of the Total Debt to Capitalization Ratio of the Company as of December 31, 2004. * * * * *
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