Applicable Base Rate Margin definition
Applicable Base Rate Margin means, with respect to ABR Loans at any time, the percentage rate per annum specified as the “Applicable Base Rate Margin” at such time, as determined pursuant to the Pricing Schedule.
Applicable Base Rate Margin means, on any day, a rate per annum equal to the higher of (a) the Applicable EURIBOR Margin for such day minus 1.00% and (b) 0.00%.
Applicable Base Rate Margin has the meaning specified in Section 2.10(a).
Examples of Applicable Base Rate Margin in a sentence
The Administrative Agent will notify each Lender of the interest rate applicable to each Term SOFR Loan promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Rate or Applicable Base Rate Margin.
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.
More Definitions of Applicable Base Rate Margin
Applicable Base Rate Margin means (i) in the case of each of the Revolving Loans and Tranche A Term Loans, a percentage per annum equal to 2.00% and (ii) in the case of Tranche B Term Loans, a percentage per annum equal to 2.75%; provided that the percentage set forth in clause (i) above shall be adjusted by the applicable Interest Reduction Discount.
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 Base Rate Margin means the following per annum percentages, applicable in the following situations:
Applicable Base Rate Margin shall have the meaning set forth in the definition of Applicable Margin.
Applicable Base Rate Margin means the margin to be added to the Base Rate for purposes of determining the interest rate(s) applicable to Base Rate Loans from time to time, which shall be determined as provided in Section 2.13.
Applicable Base Rate Margin means (i) in the case of A Term Loans and Revolving Loans, 1.00%, less the Applicable Performance Discount, if any, and (ii) in the case of B Term Loans, C Term Loans and D Term Loans, 1.25%.
Applicable Base Rate Margin means 1.50%.