Applicable Base definition

Applicable Base means (a) prior to February 15, 2003, $100,000,000 and (b) on or after February 15, 2003 either (i) $100,000,000 if the Notes are Secured or (ii) $115,901,000 if the Notes are not Secured.
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Applicable Base. RATE MARGINS" as at any date of determination, shall be the rate per annum then applicable to Base Rate Loans which are Revolving Loans, Tranche A Term Loans or Tranche B Term Loans, as applicable, determined in accordance with the provisions of Section 2.8(b).
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Applicable Base. Rate Margin for Revolving Advances", "Applicable Base Rate Margin for Term Advances", "Applicable LIBOR Margin for Revolving Advances", "Applicable LIBOR Margin for Term Advances", "Applicable Letter of Credit Rate" and "Applicable Commitment Fee Rate" mean, for any day, with respect to any Base Rate Advance, LIBOR Advance, Letter of Credit or commitment fees payable hereunder, as the case may be, the applicable rate per annum set forth below under the caption "Applicable Base Rate Margin for Revolving Advances", "Applicable LIBOR Margin for Revolving Advances", "Applicable Base Rate Margin for Term Advances", "Applicable LIBOR Margin for Term Advances", "Applicable Letter of Credit Rate" or "Applicable Commitment Fee Rate", as the case may be, based upon the Applicable Leverage Ratio for such day: Applicable Applicable Applicable Applicable Base Rate LIBOR Base Rate LIBOR Margin for Margin for Margin for Margin for Applicable Applicable Applicable Revolving Revolving Term Term Letter of Commitment Leverage Ratio: Advances Advances Advances Advances Credit Rate Fee Rate --------------------- ---------- ---------- ---------- ---------- ----------- ---------- > or = 5.00 to 1.00 1.50% 2.50% 1.50% 1.75% 2.50% 0.625% < 5.00 to 1.00 and 1.00% 2.00% 1.00% 1.75% 2.00% 0.50% > or = 4.50 to 1.00 < 4.50 to 1.00 and 0.75% 1.75% 1.00% 1.75% 1.75% 0.375% > or = 4.00 to 1.00 < 4.00 to 1.00 and 0.50% 1.50% 1.00% 1.75% 1.50% 0.375% > or = 3.50 to 1.00 < 3.50 to 1.00 and 0.25% 1.25% 0.75% 1.75% 1.25% 0.375% > or = 3.00 to 1.00 < 3.00 to 1.00 0 1.00% 0.75% 1.75% 1.00% 0.25%
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Examples of Applicable Base in a sentence

  • Changes in the rate of interest on any ABR Loan will take effect simultaneously with each change in the Alternate Base Rate or the Applicable Base Rate Margin.

  • Overdue principal and (to the extent permitted by applicable law) interest on the Loans and all other overdue amounts payable hereunder or under any of the other Loan Documents shall bear interest compounded monthly and payable on demand at a rate per annum equal to the Base Rate plus the Applicable Base Rate Margin plus two (2) percentage points (2.00%) until such amount shall be paid in full (after, as well as before, judgment).

  • The outstanding principal amount of the Revolving Credit Loans shall bear interest at the rate per annum equal to (a) the Base Rate plus the Applicable Base Rate Margin on Base Rate Loans or (b) the Eurodollar Rate plus the Applicable Eurodollar Margin on Eurodollar Loans.

  • Except as otherwise provided in Section 3.7, the unpaid principal amount of any Base Rate Loan shall bear interest at a fluctuating rate per annum equal to the sum of the Base Rate plus the Applicable Base Rate Spread.

  • Each change in the Applicable Base Rate Margin or Applicable Eurocurrency Margin or the Applicable Commitment Fee Percentage or any change in the LC Commission as a result of a change in the Borrower’s Most Recent Leverage Ratio shall become effective on the date upon which such change in such ratio occurs.

  • Each change in the Applicable Base Rate Margin or Applicable Eurocurrency Margin or the Applicable Commitment Fee Percentage as a result of a change in Crown Holdings’ Most Recent Total Leverage Ratio shall become effective on the date upon which such change in such ratio occurs.

  • Additional Compensation payments are not included in any calculation of Total Applicable Base Compensation.

  • Overdue principal and (to the extent permitted by applicable law) interest on the Loans and all other overdue amounts payable hereunder or under any of the other Loan Documents shall bear interest compounded monthly and payable on demand at a rate per annum equal to the Applicable Base Rate plus 2% per annum, until such amount shall be paid in full (after as well as before judgment).

  • The Loans comprising each Base Rate Borrowing shall bear interest at a rate per annum equal to the Applicable Base Rate.

  • Revolving Loans shall bear interest at the Base Rate plus the Applicable Base Rate Margin unless the Borrower provides a Borrowing Notice to the Administrative Agent in the form of Exhibit B, signed by a Duly Authorized Officer of the Borrower, irrevocably electing that all or a portion of the Revolving Loans are to bear interest at a Libor Rate (the “Borrowing Notice”).


More Definitions of Applicable Base

Applicable Base. Prime Rate Margin" - see Section 5.1.
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Applicable Base. RATE MARGIN" shall be equal to zero, as of the Closing Date.
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Applicable Base. RATE MARGIN means 1.50% per annum.
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Related to Applicable Base

  • Applicable Base Rate means (i) with respect to a Rate Period of fewer than 49 days, the greater of (a) the SIFMA Municipal Swap Index or (b) the LIBOR Rate, and (ii) with respect to a Rate Period of 49 or more days, the LIBOR Rate.

  • Applicable Base Rate Margin means, on any day, a rate per annum equal to the higher of (a) the Applicable Eurocurrency Margin for such day minus 1.00% and (b) 0.00%.

  • Applicable ABR Margin means, at any date:

  • Applicable Treasury Rate means the weekly average for each Business Day during the most recent week that has ended at least two Business Days prior to the redemption date of the yield to maturity at the time of computation of United States Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H. 15 (or, if such statistical release is not so published or available, any publicly available source of similar market data selected by the Company in good faith)) most nearly equal to the period from the redemption date to May 1, 2022; provided, however, that if the period from the redemption date to May 1, 2022 is not equal to the constant maturity of a United States Treasury security for which a yield is given, the Applicable Treasury Rate shall be obtained by linear interpolation (calculated to the nearest one-twelfth of a year) from the yields of United States Treasury securities for which such yields are given, except that if the period from the redemption date to such applicable date is less than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year shall be used.

  • Applicable LIBOR Margin means the per annum interest rate from time to time in effect and payable in addition to the LIBOR Rate applicable to the Revolving Loan, as determined by reference to Section 1.4(a).