Applicable ABR Margin definition

Applicable ABR Margin means, at any date:

Applicable ABR Margin means at any date, with respect to each ABR Loan that is a Term Loan, the applicable percentage per annum set forth below based upon the Status in effect on such date: Applicable ABR Margin for Status Term Loans Level I Status 1.25 % Level II Status 1.00 %

Applicable ABR Margin means, as at any date of determination, the margin indicated in Section 2.05 as then applicable to ABR Loans and Swing Line Loans (under Section 2.07(a)(i)).

Examples of Applicable ABR Margin in a sentence

• The unpaid principal amount of each ABR Loan shall bear interest from the date of the Borrowing thereof until maturity (whether by acceleration or otherwise) at a rate per annum that shall at all times be the Applicable ABR Margin plus the ABR in effect from time to time.

• The Applicable ABR Margin and the Applicable LIBOR Margin shall have the same meaning as set forth in the Credit Agreement after giving effect to the Amendment No. 2.

• The Applicable ABR Margin or Applicable LIBOR Margin, as applicable, for each Series [ ] New Term Loan shall mean, as of any date of determination, the applicable percentage per annum as set forth below.

• For the avoidance of doubt, the requirements of this clause (b) shall not apply with respect to any amendment, amendment and restatement or other modification of this Agreement that requires or permits a transaction that results in a change in the Borrower’s corporate credit rating from Moody’s resulting in a decrease in the Applicable ABR Margin or the Applicable LIBOR Margin, but does not otherwise amend the Applicable ABR Margin or the Applicable LIBOR Margin with respect to the Tranche B-12 Term Loans.

• The Applicable ABR Margin or Applicable LIBOR Margin, as applicable, for Loans under the New Revolving Credit Commitments shall be the same as those applicable to Revolving Credit Loans.

More Definitions of Applicable ABR Margin

Applicable ABR Margin means, at any date, with respect to each ABR Loan, 4.50% per annum.

Applicable ABR Margin means at any date: (a) with respect to each ABR Loan that is a Term Loan, 3.00% per annum, (b) with respect to each ABR Loan that is a Term C Loan, 3.00% per annum, and (c) with respect to each ABR Loan that is a Revolving Credit Loan, 2.25% per annum.

Applicable ABR Margin means at any date, with respect to each ABR Loan that is a Tranche A Term Loan, Revolving Credit Loan or Swingline Loan, the applicable percentage per annum set forth below based upon the Status in effect on such date: Applicable ABR Margin Status Tranche A Term Loans Revolving Credit Loans and Swingline Loans Level I Status 1.125 % 1.125 % Level II Status 0.875 % 0.875 % Level III Status 0.625 % 0.625 % Level IV Status 0.375 % 0.375 % Level V Status 0.250 % 0.250 %

Applicable ABR Margin means, at any date, with respect to each ABR Loan that is an Initial Term Loan, Delayed Draw Term Loan, Revolving Credit Loan or a Swingline Loan, the applicable percentage per annum set forth below based upon the Status in effect on such date: Applicable ABR Margin for: Status Initial Term Loans Delayed Draw Term Loans Revolving Credit and Swingline Loans Level I Status 1.75 % 1.75 % 1.75 % Level II Status 1.50 % 1.50 % 1.50 % Level III Status 1.25 % 1.25 % 1.25 % Notwithstanding the foregoing, Level I Status shall apply during the period from and including the Original Closing Date to but excluding the Trigger Date.

Applicable ABR Margin in Section 1.1 of the Credit Agreement is hereby amended and restated in its entirety as follows:

Applicable ABR Margin means at any date, (a) with respect to each ABR Loan that is a Term Loan, (i) prior to the First Amendment Effective Date, 4.00% per annum, (ii) on and after the First Amendment Effective Date and prior to the Third Amendment Effective Date, with respect to each ABR Loan that is a Term B Loan, (x) if the Senior Secured Leverage Ratio as of the most recent Calculation Date is greater than 5.00 to 1.00, 3.00% per annum, and (y) if the Senior Secured Leverage Ratio as of the most recent Calculation Date is less than or equal to 5.00 to 1.00, 2.75% per annum, (iii) on and after the Third Amendment Effective Date, with respect to each ABR Loan that is a Term B Loan, 2.50% per annum, (iv) on and after the First Amendment Effective Date and before the Second Amendment Effective Date, with respect to each ABR Loan that is a Term B-1 Loan, 2.25% per annum, and (v) on and after the Second Amendment Effective Date, with respect to each ABR Loan that is a Term B-1 Loan, 2.00% per annum, and (b) with respect to each ABR Loan that is a Revolving Credit Loan, 2.50% per annum. Each change in the Applicable ABR Margin resulting from a change in the Senior Secured Leverage Ratio as of any Calculation Date after the Initial Financial Statement Delivery Date shall be effective with respect to all Revolving Credit Loans and Letters of Credit outstanding on and after the date of delivery to the Administrative Agent of the Section 9.1 Financials indicating such change until the date immediately preceding the next date of delivery of Section 9.1 Financials indicating another such change. Anything contained herein to the contrary notwithstanding, in the event that any financial statement or Compliance Certificate delivered hereunder is discovered to be inaccurate within one year of delivery (regardless of whether this Agreement or the Commitments are in effect when such inaccuracy is discovered), and such inaccuracy, if corrected, would have led to the application of a higher Applicable ABR Margin for any period (an “Applicable ABR Margin Period”) than the Applicable ABR Margin applied for such Applicable ABR Margin Period, then (1) the Borrower shall promptly deliver to the Administrative Agent a corrected financial statement and a corrected Compliance Certificate for such Applicable ABR Margin Period, (2) the Applicable ABR Margin shall be determined based on the corrected Compliance Certificate for such Applicable ABR Margin Period, and (3) the Borrower shall promptly pay to th...

Applicable ABR Margin means, with respect to each ABR Loan that is a Tranche A Term Loan, Revolving Credit Loan or a Swingline Loan, 1.50% per annum, during the period from and including the Closing Date to but excluding the Initial Financial Statement Delivery Date.