Change in Margin Sample Clauses
Change in Margin. The Interest Coverage Ratio used to compute the Applicable Eurodollar Margin initially shall be the Interest Coverage Ratio set forth in the compliance certificate most recently delivered by the Company to the Administrative Agent prior to the date hereof, and changes in the Applicable Eurodollar Margin resulting from a change in the Interest Coverage Ratio shall become effective as to all Eurodollar Advances upon the first day of the calendar quarter following delivery by the Company to the Administrative Agent of a new compliance certificate pursuant to Section 9(a) and notice by the Company to the Administrative Agent that a rate change is required. If the Company shall fail to deliver a certificate in respect of the Interest Coverage Ratio within forty-five (45) days after the end of any fiscal quarter, the Applicable Eurodollar Margin from and including the first day of the following quarter to the date the Company delivers to the Administrative Agent such certificate shall conclusively equal the highest Applicable Eurodollar Margin set forth herein.
Change in Margin. The Leverage Ratio used to compute the Applicable Prime Rate Margin initially shall be the Leverage Ratio set forth in the compliance certificate most recently delivered by the Company to the Administrative Agent prior to the date hereof, and changes in the Applicable Prime Rate Margin resulting from a change in the Leverage Ratio shall become effective as to all Prime Rate Advances upon the first day of the fiscal quarter following delivery by the Company to the Administrative Agent of a new compliance certificate pursuant to Section 9(a) and notice by the Company to the Administrative Agent that a rate change is required. If the Company shall fail to deliver a compliance certificate that is required pursuant to Section 9(a) within forty-five (45) days after the end of any fiscal quarter, the Applicable Prime Rate Margin from and including the first day of the following fiscal quarter to the date the Company delivers to the Administrative Agent a compliance certificate shall conclusively equal the highest Applicable Prime Rate Margin set forth above.
Change in Margin. The Leverage Ratio used to compute the Applicable Eurodollar Margin initially shall be the Leverage Ratio set forth in the compliance certificate most recently delivered by the Company to the Administrative Agent prior to the date hereof, and changes in the Applicable Eurodollar Margin resulting from a change in the Leverage Ratio shall become effective as to all Eurodollar Advances upon the first day of the month following delivery by the Company to the Administrative Agent of a new compliance certificate pursuant to Section 9(a) and notice by the Company to the Administrative Agent that a rate change is required. If the Company shall fail to deliver a compliance certificate that is required pursuant to Section 9(a) within forty-five (45) days after the end of any fiscal quarter, the Applicable Eurodollar Margin from and including the first day of the following quarter to the date the Company delivers to the Administrative Agent a compliance certificate shall conclusively equal the highest Applicable Eurodollar Margin set forth above.