All-In Margin definition
All-In Margin means the total aggregate cash and PIK Interest rate set forth in the row labeled “All-In-Margin” in the tables set forth in the definitions of Pricing Option 1, Pricing Option 2 and Pricing Option 3.
All-In Margin means, as to (a) any floating rate Indebtedness based on LIBOR, the stated margin over LIBOR thereon, and any yield in the form of original issue discount and commitment or closing fees shared by all lenders of such Indebtedness (but excluding underwriting fees, arrangement fees or similar fees not paid to all Lenders); (b) any floating rate Indebtedness based on a reference rate other than LIBOR, the stated margin over such reference rate plus or minus the amount which would be subtracted from or added to LIBOR, respectively, in connection with a swap of such reference rate to LIBOR on the date of determination and any yield in the form of original issue discount and commitment or closing fees shared by all lenders in such Indebtedness (but excluding underwriting fees, arrangement fees, or similar fees not paid to all Lenders); or (c) any fixed rate Indebtedness, such fixed rate minus the swap equivalent rate for the weighted average life of the relevant Project Subsidiary Indebtedness and any yield in the form of original issue discount and commitment or closing fees shared by all lenders in such Indebtedness (but excluding underwriting fees, arrangement fees, or similar fees not paid to all Lenders). The All-in-Margin in each case shall to be determined by the Administrative Agent in its reasonable judgment.