% for Base Rate Advances Sample Clauses

% for Base Rate Advances. For purposes of determining the foregoing, the Total Debt Ratio (a) shall be deemed to be Level II from the Effective Date until the later of (i) delivery of the financial statements pursuant to Section 5.2(b) for the fiscal quarter ending on or about April 30, 1999 and (ii) July 6, 1999 and (b) shall thereafter be determined from the financial statements of the Borrower and its Subsidiaries most recently delivered pursuant to Sections 5.2(a) and (b). Any change in the Applicable Margin on or after delivery of the financial statements for the fiscal quarter ending on or about July 31, 1999 shall be effective upon the date of delivery of the financial statements pursuant to Sections 5.2(a) and (b). If the Borrower fails to deliver such financial statements within the times specified in Sections 5.2(a) or (b), the Total Debt Ratio shall be deemed to be Level I until the Borrower delivers such financial statements to the Agent and the Banks.
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% for Base Rate Advances. Total Debt Applicable Applicable Applicable Applicable Coverage Margin Margin Margin Margin Ratio beginning beginning beginning beginning May 10, 2002 July 1, 2002 October 1, January 1, through and through and 2002 through 2003 and including June including and including thereafter 30, 2002 September 30, December 31, (Base Rate (Base Rate 2002 (Base 2002 (Base Advance) Advance) Rate Advance) Rate Advance) -------------------------------------------------------------------------------------------------- Less than 2.50:1.0 1.50% 1.50% 1.50% 1.50% Greater than or equal to 1.75% 1.75% 1.75% 1.75% 2.50:1.0 and less than 3.00:1.0 Greater than or equal to 2.00% 2.00% 2.00% 2.00% 3.00:1.0 and less than 3.50:1.0 Greater than or equal to 2.25% 2.25% 2.25% 2.25% 3.50:1.0 and less than 4.00:1.0 Greater than or equal to 2.50% 2.75% 3.00% 3.25% 4.00:1.0 and less than 4.50:1.0 Greater than or equal to 2.75% 3.25% 3.50% 3.75% 4.50:1.0 Each change in the Applicable Margin resulting from a change in the Total Debt Coverage Ratio shall be effective on the first Business Day immediately following the date of delivery to the Administrative Agent of the annual financial statements required under Section
Sample 1

Related to % for Base Rate Advances

  • Base Rate Advances During such periods as such Advance is a Base Rate Advance, a rate per annum equal at all times to the sum of (x) the Base Rate in effect from time to time plus (y) the Applicable Margin in effect from time to time, payable in arrears quarterly on the last day of each March, June, September and December during such periods and on the date such Base Rate Advance shall be Converted or paid in full.

  • Eurocurrency Rate Advances During such periods as such Advance is a Eurocurrency Rate Advance, a rate per annum equal at all times during each Interest Period for such Advance to the sum of (x) the Eurocurrency Rate for such Interest Period for such Advance plus (y) the Applicable Margin in effect from time to time, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest Period and on the date such Eurocurrency Rate Advance shall be Converted or paid in full.

  • Eurodollar Rate Advances During such periods as such Advance is a Eurodollar Rate Advance, a rate per annum equal at all times during each Interest Period for such Advance to the sum of (x) the Eurodollar Rate for such Interest Period for such Advance plus (y) the Applicable Margin in effect from time to time, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest Period and on the date such Eurodollar Rate Advance shall be Converted or paid in full.

  • Base Rate Loans During such periods as Revolving Loans shall be comprised in whole or in part of Base Rate Loans, such Base Rate Loans shall bear interest at a per annum rate equal to the Adjusted Base Rate.

  • LIBOR Advances The interest rate applicable to each LIBOR Advance shall be determined in accordance with Section 3.6(a) hereunder. Subject to Sections 3.6 and 3.7, such rate shall apply during the entire Interest Period applicable to such LIBOR Advance, and interest calculated thereon shall be payable on the Interest Payment Date applicable to such LIBOR Advance.

  • Eurodollar Advances Each Eurodollar Advance shall bear interest during its Interest Period equal to at all times the Eurodollar Rate for such Interest Period plus the Applicable Margin for Eurodollar Advances for such period. The Borrower shall pay to the Administrative Agent for the ratable account of each Lender all accrued but unpaid interest on each of such Lender’s Eurodollar Advances on the last day of the Interest Period therefor (provided that for Eurodollar Advances with Interest Periods of six months or more, accrued but unpaid interest shall also be due on the day three months from the first day of such Interest Period), on the date any Eurodollar Advance is repaid, and on the Maturity Date.

  • Fixed Rate Loans Each Mortgage Loan bears interest at a rate that remains fixed throughout the remaining term of such Mortgage Loan, except in the case of an ARD Loan after its Anticipated Repayment Date and except for the imposition of a default rate.

  • Prime Rate Loans During such periods as Revolving Loans shall be comprised of Prime Rate Loans, each such Prime Rate Loan shall bear interest at a per annum rate equal to the sum of the Prime Rate;

  • Additional Interest on Eurodollar Rate Advances The Borrower shall pay to each Lender, so long as such Lender shall be required under regulations of the Board of Governors of the Federal Reserve System to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency Liabilities, additional interest on the unpaid principal amount of each Eurodollar Rate Advance of such Lender, from the date of such Advance until such principal amount is paid in full, at an interest rate per annum equal at all times to the remainder obtained by subtracting (i) the Eurodollar Rate for the Interest Period for such Advance from (ii) the rate obtained by dividing such Eurodollar Rate by a percentage equal to 100% minus the Eurodollar Rate Reserve Percentage of such Lender for such Interest Period, payable on each date on which interest is payable on such Advance. Such additional interest shall be determined by such Lender and notified to the Borrower through the Administrative Agent, and such determination shall be conclusive and binding for all purposes, absent manifest error.

  • ABR Loans The Loans comprising each ABR Borrowing shall bear interest at the Alternate Base Rate plus the Applicable Margin, but in no event to exceed the Highest Lawful Rate.

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