Determination of Applicable Margin. 6.5.1 Any adjustment of the Applicable Margin to be effective within five (5) Business Days after the delivery of the Compliance Certificate evidencing the ERC Ratio.
Determination of Applicable Margin. The Applicable Margin identified in this Section 2.06 and the Facility Fee Percentage identified in Section 2.04 shall be defined and determined as follows:
Determination of Applicable Margin. (a) On each receipt of the Financial Statements of the Guarantor in accordance with Clause 19.4, no later than the Specified Time the Intercreditor Agent shall calculate the Applicable Margin that shall apply for the fiscal quarter of the Guarantor that commences immediately following the fiscal quarter in respect of which such Financial Statements were provided and shall notify each Borrower and each Facility Agent of such determination.
Determination of Applicable Margin. (a) The Applicable Margin for all Quarterly Payment Periods through and including the Quarterly Payment Period ending July 21, 1997, shall be determined under the assumption that the Rate Ratio is 5.50 to 1. Thereafter, the Applicable Margin for each Quarterly Payment Period shall be determined based upon a Rate Ratio Certificate for such Quarterly Payment Period delivered by the Borrowers to the Lenders and the Administrative Agent under this Section 3.03. If the Rate Ratio Certificate for any Quarterly Payment Period is delivered to the Administrative Agent three or more days prior to the first day of such Quarterly Payment Period, any adjustment in the Applicable Margin required to be made, as shown in such Rate Ratio Certificate, shall be effective on the first day of such Quarterly Payment Period.
Determination of Applicable Margin. (i) The Applicable Margin for Base Rate Loans and LIBOR Loans shall be determined based upon the ratio of (A) Total Funded Debt as of the first day of such Pricing Period to (B) Annualized Adjusted Operating Cash Flow for the three months ended on the last day of the month immediately preceding the first day of such Pricing Period (the "Pricing Ratio"), as ------------- indicated in the following Table: RATIO OF TOTAL FUNDED DEBT TO ANNUALIZED ADJUSTED APPLICABLE MARGIN: APPLICABLE MARGIN: OPERATING CASH FLOW BASE RATE LOANS LIBOR LOANS ------------------------------------------------------------------------------- Greater than or equal to 1.50% 2.75% 4.00:1.00 ------------------------------------------------------------------------------- Less than 4.00:1.00 but 1.25% 2.50% greater than or equal to 3.50:1.00 ------------------------------------------------------------------------------- Less than 3.50:1.00 but 1.00% 2.25% greater than or equal to 3.00:1.00 ------------------------------------------------------------------------------- Less than 3.00:1.00 but .75% 2.00% greater than or equal to 2.50:1.00 ------------------------------------------------------------------------------- Less than 2.50:1.00 .50% 1.75% -------------------------------------------------------------------------------
Determination of Applicable Margin. (a) The Applicable Margin for the period from the Closing Date to the day prior to the first Quarterly Date occurring after the Closing Date shall be determined based upon the certificate delivered pursuant to Section 6.01(o) hereof. Thereafter, the Applicable Margin for Credit Agreement ---------------- each Quarterly Payment Period shall be determined based upon a Rate Ratio Certificate for such Quarterly Payment Period delivered by the Borrower to the Lenders and the Administrative Agent under this Section 3.03. If the Rate Ratio Certificate for any Quarterly Payment Period is delivered to the Administrative Agent three or more days prior to the first day of such Quarterly Payment Period, any adjustment in the Applicable Margin required to be made, as shown in such Rate Ratio Certificate, shall be effective on the first day of such Quarterly Payment Period.
Determination of Applicable Margin. The Margin shall be determined by the Agent two (2) Banking Days prior to the first day of the relevant Interest Period. Prior to the day falling two (2) Banking Days after the date on which the Borrower delivers its first quarterly financial report to the Agent in accordance with Section 9.1(A)(iv), the Margin shall be equal to one and three quarters of one percent (1.75--%) per annum. Thereafter, the Margin shall be based upon the then prevailing ratio of the Borrower's Total Debt to EBITDA, as determined in accordance with Section 9.1(A)(xvii) as follows: Applicable Margin Total Debt to EBITDA 2.25% > 3.0x 2.00% <=3.0x but >2.5x 1.75% <=2.5x but >2.0x 1.50% <=2.0x but >=1.0x 1.25% <1.0x
Determination of Applicable Margin. The Margin shall be determined by the Agent two (2) Banking Days prior to the first day of the relevant Interest Period. Prior to the day falling two (2) Banking Days after the date on which Marine Transport Corporation delivers its first quarterly financial report to the Agent in accordance with Section 9.1(A)(iv), the Margin shall be equal to one and three quarters of one percent (1.75%) per annum. Thereafter, the Margin shall be based upon the then prevailing ratio of Marine Transport Corporation's Total Debt to EBITDA, as determined in accordance with Section 9.1(A)(xvii) as follows:
Determination of Applicable Margin. (i) The Applicable Margin in respect of any LIBOR Base Loan shall be determined by reference to the table set forth below on the basis of the Indebtedness Ratio determined by reference to the most recent financial statements delivered pursuant to Section 5.1(a) or 5.1(b).
Determination of Applicable Margin. 19 3.10 Illegality.................................................. 19 3.11 Increased Cost and Reduced Return........................... 20 3.12 Prime Rate Advances Substituted for LIBOR Advances.............................................. 22 3.13 Compensation................................................ 22 3.14
