Alternative Margin means for any date, with respect to the Term Loans, the applicable margin set forth under the column entitled "Applicable Term Loan Margin" in the definition of "Financial Covenant Based Margin" and, with respect to the Revolving Loans, the applicable margin set forth under the column entitled "Applicable Revolving Loan Margin" in the definition of "Financial Covenant Based Margin".
Alternative Margin is defined in the definition of “Applicable Margin”.
Alternative Margin is defined in the definition of “Applicable Margin”. “Anti-Terrorism Laws” is defined in Section 5.16. “Applicable Margin” means for any day a percentage rate per annum of 0.70%; provided, that: (a) in the event that either (i) the Xxxxx’x Rating is Baa2 or below or the S&P Rating is BBB- or below, or (ii) the Xxxxx’x Rating is Baa1 and the S&P Rating is BBB, the Applicable Margin shall, as of the date of occurrence of the events in either clauses (i) or (ii), be increased to 0.95% per annum; and (b) in the event that the Borrower enters into any Additional Credit Facility and the spread or margin above LIBOR (or the applicable relevant definition thereof or benchmark substitute rate therefor as used in the documentation evidencing such Additional Credit Facility) (the “Alternative Margin”) for such Additional Credit Facility is greater than the Applicable Margin otherwise in effect hereunder, the Applicable Margin shall be increased, effective as of the effective date of such Additional Credit Facility, to be the same as the Alternative Margin. “Approved Fund” means any Fund that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender. “Arrangers” means U.S. Bank National Association and CoBank, ACB, in their capacities as joint lead arranger and joint bookrunner. “Article” means an article of this Agreement unless another document is specifically referenced. “Assignee Group” means two or more assignees that are Affiliates of one another or two or more Approved Funds managed by the same investment advisor. “Assignment Agreement” means an Assignment Agreement in the form of Exhibit A. “Available Tenor” means, as of any date of determination and with respect to the then- current Benchmark, as applicable, any tenor for such Benchmark or payment period for interest
Examples of Alternative Margin in a sentence
Alternative Margin Caps While Regulation T prohibits investing more than 200% of portfolio value in stock, absent this regulation, lenders might agree to higher degrees of leverage.
Design Studio 2012 Tax Return $ 1,001,780Operating Expenses $ (729,780) Taxable Income $ 272,000 Alternative Margin CalculationsA.
Please then note the details below Collateral Operations | FAQsGeneral Rules for LCH Recognised Currency Holidays and LCH Open Days Alternative Margin Call Currency Rules:If a member has a liability to LCH on a day that is a USD, EUR or GBP currency holiday, then:1.
For more information, please contact STARS@ucf.edu.Recommended CitationParra, Valentina, "Successfull Implementation of the Baldrige Performance Excellence Program in Small Businesses" (2019).
Notwithstanding any provision to the contrary herein, in no event shall a Fixed Rate Loan be converted to a Base Rate Loan, Eurodollar Rate Loan or an Alternative Margin Loan.
More Definitions of Alternative Margin
Alternative Margin is defined in the definition of “Applicable Rate”.
Alternative Margin when used in connection with Tranche B Loans shall mean that margin (expressed in annual percentages or basis points) over the Eurodollar Rate which is provided under a bona fide loan or credit facility constituting Additional Senior Indebtedness (the "Alternative Facility") made available to Borrower; provided, however, that no calculation of the Alternative Margin (and no change in the interest rate payable in respect of Tranche B Loans) shall be made unless (i) the Alternative Facility is made available to Borrower by recognized financial institutions that have no equity interest in Holdings or any other member of the Borrower Group (other than the Alternative Facility itself), that are not a vendor of equipment or services to any member of the Borrower Group, and that are not benefiting otherwise from the making of the Alternative Facility, (ii) the base rate for the calculation of the interest rate payable under the Alternative Facility is either the Eurodollar Rate or a rate comparable to the Eurodollar Rate, (iii) the aggregate amount of the commitment under the Alternative Facility, and the repayment thereof, is calculated in Dollars, and the total amount of such commitment is at least $100,000,000, (iv) the margin over the Eurodollar Rate applicable to such Alternative Facility (other than margins applicable during any default period) is predetermined and applicable for the entire period in which amounts thereunder are outstanding, or, if such margin is established pursuant to a grid, the "Alternative Margin" shall be the highest margin set forth in the grid, (v) the required amortization of principal of the Alternative Facility is such that the average life of such Alternative Facility is not less than 4.3 years and (vi) no collateral other than the Collateral will secure the Alternative Facility and no third party will guarantee the obligations under the Alternative Facility other than the Guarantors pursuant to the Guaranty Agreements.