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 the following per annum percentages, applicable in the following situations:

Applicable Base Rate Margin has the meaning specified in Section 2.10(a).

Examples of Applicable Base Rate Margin 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.

• 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.

• The ISO understands that there are other variable operating costs other than consumables such as production- based fees and costs associated with the energy needed to cool critical components.

More Definitions of Applicable Base Rate Margin

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 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 2.10.

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 EURIBOR Margin for such day minus 1.00% and (b) 0.00%.

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 a rate per annum determined in reference to the rates under the column “Applicable Base Rate Margin” set forth after clause (b) below on the basis of the Credit Ratings at such time.