the Applicable Margin. The Agent's reference rate is a rate set by the Agent based upon various factors including the Agent's costs and desired return, general economic conditions, and other factors, and is used as a reference point for pricing some loans; however, the Agent may price loans at, above or below such rate. Any change in such rate shall take effect on the day specified in the public announcement of such change.
Appears in 2 contracts
Sources: Credit Agreement (Genlyte Group Inc), Credit Agreement (Genlyte Group Inc)