Applicable Canadian Prime Rate Margin definition

Applicable Canadian Prime Rate Margin means at any date, the applicable percentage rate per annum set forth in the following table under the column Applicable Canadian Prime Rate Margin opposite the Most Recent Total Leverage Ratio as of such date: Most Recent Total Leverage Ratio Applicable Canadian Prime Rate Margin Less than 2.0 to 1 0.75 % Equal to or greater than 2.0 to 1 but less than 2.5 to 1 1.00 % Equal to or greater than 2.5 to 1 1.25 %
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Applicable Canadian Prime Rate Margin means at any date, the applicable percentage set forth in the following table under the column Applicable Canadian Prime Rate Margin opposite the Rating Level as of such date: Rating Level Applicable Canadian Prime Rate Margin Level I 0% Level II 0% Level III .25% Level IV .50 %
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Applicable Canadian Prime Rate Margin means, at any date, (i) from the Effective Date to the date upon which the Administrative Agent receives the Compliance Certificate related to the financial statements for the Fiscal Quarter ending June 30, 2017, 0.75%, and (ii) at any date thereafter, the applicable percentage rate per annum set forth in the following table under the column Applicable Canadian Prime Rate Margin opposite the Most Recent Total Leverage Ratio as of such date:
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Examples of Applicable Canadian Prime Rate Margin in a sentence

  • Each change in the Applicable Base Rate Margin, Applicable Eurocurrency Margin, Applicable Canadian Prime Rate Margin, Applicable B/A Discount Rate Margin or the Applicable Commitment Fee Percentage or any change in the Applicable LC Commission as a result of a change in the Rating Level shall become effective on the date upon which such change in the Rating Level is effective as set forth in the pentultimate sentence of the definition of Rating Level.

  • Each change in the Applicable Base Rate Margin, Applicable Eurocurrency Margin, the Applicable Canadian Prime Rate Margin or the Applicable B/A Margin as a result of a change in Borrowers' Most Recent Leverage Ratio shall become effective on the date upon which such change in such ratio occurs.

  • At a minimum the Commission should reject the request to increase the Illinois allocation to 9.9% due to IAWC’s parent company’s decision to sell its operations in other states (i.e. New Mexico and Arizona).


More Definitions of Applicable Canadian Prime Rate Margin

Applicable Canadian Prime Rate Margin means, at any date, (i) from the Effective Date to the date upon which the Administrative Agent receives the Compliance Certificate related to the financial statements for the Fiscal Quarter ending June 30, 2017, 0.75%, and (ii) at any date thereafter, the applicable percentage rate per annum set forth in the following table under the column Applicable Canadian Prime Rate Margin opposite the Most Recent Total Leverage Ratio as of such date: Most Recent Total Leverage Ratio Applicable Canadian Prime Rate Margin Less than 2.75 to 1 0.25% Equal to or greater than 2.75 to 1 but less than 3.75 to 1 0.50% Equal to or greater than 3.75 to 1 0.75%
Sample 1
Applicable Canadian Prime Rate Margin means at any date, with respect to Canadian Swing Line Loans bearing interest at the Overnight Rate, the applicable percentage set forth under the column Applicable Canadian Prime Rate Margin for Canadian Swing Line Loans opposite the Most Recent Leverage Ratio as of such date: Most Recent Leverage Ratio Applicable Canadian Prime Rate Margin for Canadian Swing Line Loans Greater than or equal to 3.0 to 1 0.250% Less than 3.0 to 1 but equal to or greater than 2.0 to 1 0.000% Less than 2.0 to 1 but equal to or greater than 1.5 to 1 0.000% Less than 1.5 to 1 0.000%
Sample 1
Applicable Canadian Prime Rate Margin means at any date, the applicable percentage set forth in the following table under the column Applicable Canadian Prime Rate Margin opposite the Most Recent Leverage Ratio as of such date: ------------------------------------------------------------ ------------------------------------------------------- Most Recent Leverage Ratio Applicable Canadian Prime Rate Margin ------------------------------------------------------------ ------------------------------------------------------- Less than 2.0 to 1 0.25 % ------------------------------------------------------------ ------------------------------------------------------- Equal to or greater than 2.0 to 1 but less than 2.5 to 1 0.50 % ------------------------------------------------------------ ------------------------------------------------------- Equal to or greater than 2.5 to 1 but less than 3.0 to 1 0.75 % ------------------------------------------------------------ ------------------------------------------------------- Equal to or greater than 3.0 to 1 1.00 % ------------------------------------------------------------ -------------------------------------------------------
Sample 1
Applicable Canadian Prime Rate Margin means, with respect to any Accommodations Outstanding accruing interest at a rate based upon the Canadian Prime Rate in accordance with Section 3.8, a rate per annum equal to (i) for the period commencing on the Effective Date and ending on December 31, 1998, 2.00%; and (ii) from and after January 1, 1999, 2.25%, provided that, from and after January 1, 1999, if the Total Indebtedness Ratio for the applicable period ending on the then most recent Quarterly Determination Date (as shown on the quarterly Compliance Certificate delivered pursuant to Section 8.1(a)) is within the ranges set out below and no Default or Event of Default exists as of such Quarterly Determination Date, the Applicable Canadian Prime Rate Margin shall be the per annum rate set out opposite the applicable range indicated below: --------------------------------------------------------- APPLICABLE CANADIAN PRIME TOTAL INDEBTEDNESS RATIO RATE MARGIN --------------------------------------------------------- Less than or equal to 3.00:1 and greater than 2.50:1 2.00% --------------------------------------------------------- Less than or equal to 2.50:1 and greater than 2.25:1 1.75% --------------------------------------------------------- Less than or equal to 2.25:1 and greater than 1.75:1 1.50% --------------------------------------------------------- Less than or equal to 1.75:1 1.25% --------------------------------------------------------- In the event of the delivery of a Compliance Certificate showing an increase or decrease in the Total Indebtedness Ratio which requires a change in the Applicable Canadian Prime Rate Margin, the change in the Applicable Canadian Prime Rate Margin shall be effective from the first day of the calendar month immediately following receipt of the Compliance Certificate (provided that the Compliance Certificate is received by the Agent no later than 3:00 P.M. Toronto time at least one (1) Business Day prior to the first day of such calendar month) until the next such date on which the Applicable Canadian Prime Rate Margin is subject to change following the delivery of (or failure to deliver) a Compliance Certificate showing an increase or decrease in the Total Indebtedness Ratio which requires a change in the Applicable Canadian Prime Rate Margin. The failure to deliver any Compliance Certificate by the date required under this Agreement (after giving effect to any applicable grace period) shall automatically cause the Applicable Canadian Prime Rate Margin...
Sample 1

Related to Applicable Canadian Prime Rate Margin

  • Applicable Prime Rate Margin shall have the meaning provided in section 2.7(g).

  • Prime Rate Margin is set forth on Schedule I hereto.

  • Base Rate Margin means a rate per annum determined in accordance with the Pricing Schedule.

  • Applicable Base Rate Margin means, with respect to ABR Loans of any Series at any time, the percentage rate per annum specified as the “Applicable Base Rate Margin” for such Series at such time, as determined pursuant to the Pricing Schedule.

  • Applicable Eurodollar Rate Margin means, with respect to any Eurodollar Rate Advance, for each Pricing Period, the interest rate margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin I 52.50 II 62.50 III 72.50 IV 82.50 V 92.50

  • LIBOR Rate Margin has the meaning set forth in the definition of Applicable Margin.

  • Applicable LIBOR Rate Margin means the following per annum percentages, applicable in the following situations:

  • Eurodollar Rate Margin means the margin over the Eurodollar Rate used in determining the rate of interest of Eurodollar Rate Loans pursuant to subsection 2.2A.

  • Applicable Margin means, with respect to Advances of any Type at any time, the percentage rate per annum which is applicable at such time with respect to Advances of such Type as set forth in the Pricing Schedule.

  • Applicable Eurodollar Margin means, as at any date of determination, the rate per annum then applicable to Eurodollar Rate Loans determined in accordance with the provisions of Section 2.15(D)(ii) hereof.

  • LIBOR Margin has the meaning given that term in Section 2.2.(c)(ii)(D).

  • Eurodollar Margin means the percentage set forth in Schedule 1 hereto beside the then applicable Level.

  • Applicable LIBOR Margin means a per annum rate of interest payable in addition to the LIBOR Rate on LIBOR Rate Loans, determined by reference to Section 1.6.

  • Canadian Prime Rate means, on any day, the annual rate of interest equal to the greater of (a) the annual rate of interest announced by the Canadian Reference Lender and in effect as its prime rate at its principal office in Toronto, Ontario on such day for determining interest rates on Canadian Dollar-denominated commercial loans in Canada, and (b) the annual rate of interest equal to the sum of the one-month CDOR in effect on such day plus 1.0% per annum.

  • Applicable Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin II 10.0 V 17.5

  • Euro-Dollar Margin means a rate per annum determined in accordance with the Pricing Schedule.

  • Applicable Revolver 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 1.5(a).

  • Applicable ABR Margin means, at any date:

  • Applicable Interest Rate Margin means (a) as to any Base Rate Advance, the applicable rate per annum set forth below under the caption “Base Rate Spread” and (b) as to any LIBO Rate Advance, the applicable rate per annum set forth below under the caption “LIBO Rate Spread”, determined by reference to the higher of (i) the rating of Mondelēz’s long-term senior unsecured Debt from Standard & Poor’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Standard & Poor’s for Mondelēz) and (ii) the rating of Mondelēz’s long-term senior unsecured Debt from Moody’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Moody’s for Mondelēz), in each case on such date: Rating Base Rate Spread LIBO Rate Spread A or higher by Standard & Poor’s A2 or higher by Moody’s 0.000 % 0.835 % A- by Standard & Poor’s A3 by Moody’s 0.000 % 0.940 % BBB+ by Standard & Poor’s Baa1 by Moody’s 0.045 % 1.045 % BBB by Standard & Poor’s Baa2 by Moody’s 0.150 % 1.150 % Lower than BBB by Standard & Poor’s Lower than Baa2 by Moody’s 0.250 % 1.250 % provided that if on any date of determination (x) a rating is available on such date from only one of Standard & Poor’s and Moody’s but not the other, the Applicable Interest Rate Margin shall be determined by reference to the then available rating; (y) no rating is available from either of Standard & Poor’s or Moody’s, the Applicable Interest Rate Margin shall be determined by reference to the rating of any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders and (z) no rating is available from any of Standard & Poor’s, Moody’s or any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders, the Applicable Interest Rate Margin shall be 0.250% as to any Base Rate Advance and 1.250% as to any LIBO Rate Advance.

  • Applicable Eurocurrency Margin means, as at any date of determination, the rate per annum then applicable to Eurocurrency Rate Loans determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • Floating Rate Margin means 7.50 per cent. per annum.

  • Applicable Margins means collectively the Applicable Revolver Index Margin, the Applicable Term Loan Index Margin, the Applicable Revolver LIBOR Margin and the Applicable Term Loan LIBOR Margin.

  • Applicable Unused Line Fee Margin means the per annum fee, from time to time in effect, payable in respect of Borrowers’ non-use of committed funds pursuant to Section 1.9(b), which fee is determined by reference to Section 1.5(a).

  • LIBOR Applicable Margin means, as of any date with respect to any LIBOR Interest Period, the Applicable Margin in effect for such LIBOR Interest Period as determined in accordance with Section 2.4 hereof.

  • Prime Rate Spread means the difference (expressed as the number of basis points) between (a) LIBOR plus the Spread on the date LIBOR was last applicable to the Loan and (b) the Prime Rate on the date that LIBOR was last applicable to the Loan; provided, however, in no event shall such difference be a negative number.

  • Applicable Unused Commitment Fee Rate means 0.50% per annum.