Applicable Eurocurrency Margin definition
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.
Applicable Eurocurrency Margin has the meaning specified in Section 2.07(b).
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 2.15(d)(ii) hereof.
Examples of Applicable Eurocurrency Margin in a sentence
Each Borrower agrees to pay interest in respect of the unpaid principal amount of such Borrower’s Eurocurrency Loans from the date the proceeds thereof are made available to such Borrower until the maturity (whether by acceleration or otherwise) of such Eurocurrency Loan, at a rate per annum equal to the relevant Eurocurrency Rate plus the Applicable Eurocurrency Margin for Eurocurrency Loans.
Following the effectiveness of the ESG Amendment, any modification to the ESG Pricing Provisions which does not have the effect of reducing or increasing the Multicurrency Revolving Commitment Fee, USD Revolving Commitment Fee, LC Commission, Applicable Adjusted Term SOFR Margin, Applicable Base Rate Margin, Applicable Eurocurrency Margin or Applicable RFR Margin to a level not otherwise permitted by this paragraph shall be subject only to the consent of the Required Lenders.
More Definitions of Applicable Eurocurrency Margin
Applicable Eurocurrency Margin means, on any date for each Eurocurrency Rate Advance, the rate per annum equal to the Credit Default Rate Spread on the applicable Spread Determination Date; provided, that the Applicable Eurocurrency Margin shall in no event be less than a rate per annum equal to the Floor or greater than a rate per annum equal to the Cap. Notwithstanding anything else to the contrary in this definition of “Applicable Eurocurrency Margin”, the Applicable Eurocurrency Margin shall be the rate per annum equal to the Cap from and after the Term Loan Conversion Date.
Applicable Eurocurrency Margin means, in respect of any Eurocurrency Rate Advance, a rate per annum determined as of the first day of the Interest Period for such Eurocurrency Rate Advance in reference to the table set forth below on the basis of the Credit Ratings of the applicable Borrower at such time; provided, however, that for any period during any Interest Period when the aggregate outstanding Dollar Amount of Advances for any Bank exceeds 50% of the amount of such Bank’s Commitment, the “Applicable Eurocurrency Margin” for such Bank shall be a rate per annum determined with reference to the credit ratings in effect as of the first day of such Interest Period in reference to the rates under the column “Applicable Eurocurrency Margin: > 50% Usage” set forth below: Credit Rating Applicable Eurocurrency Margin (rate per annum) Applicable Eurocurrency Margin: > 50% Usage (rate per annum) AA- or better (S&P) or Aa3 or better (Moody’s) 0.15% 0.20% Below AA- (S&P) and Aa3 (Moody’s) ▇▇▇ ▇- or better (S&P) or A3 or better (Moody’▇) ▇.▇8% 0.23% Below A- (S&P) and A3 (Moody’s) ▇▇▇ ▇▇▇+ or better (S&P) or Baa1 or better (M▇▇▇▇’▇) 0.535% 0.66%
Applicable Eurocurrency Margin means, as at any date of determination, the rate, expressed in basis points per annum, then applicable to Eurocurrency Rate Loans determined in accordance with the provisions of Section 2.14(D)(ii) hereof.
Applicable Eurocurrency Margin means with respect to Term Loans and Revolving Loans, at any date, the applicable percentage rate per annum set forth in the following applicable table under the column Applicable Eurocurrency Margin opposite the Applicable Leverage Ratio on such date: Less than or equal to 2.75 to 1.00 1.00 % Greater than 2.75 to 1.00 but less than or equal to 3.50 to 1.00 1.25 % Greater than 3.50 to 1.00 1.50 %
Applicable Eurocurrency Margin means the “Applicable Eurocurrency Margin” determined in accordance with the Pricing Grid set forth in Annex I hereto.
Applicable Eurocurrency Margin means, with respect to Eurocurrency Advances or Eurocurrency Loans at any time, the percentage rate per annum which is applicable at such time with respect to Eurocurrency Advances and Eurocurrency Loans as set forth in the Pricing Schedule and designated therein as the Applicable Eurocurrency Margin.
Applicable Eurocurrency Margin means at any date, (i) with respect to Revolving Loans denominated in Dollars, the applicable percentage set forth in the following table under the column Applicable Eurocurrency Margin for Revolving Loans opposite the Most Recent Senior Secured Leverage Ratio as of such date, (ii) with respect to Term C Dollar Loans, 2.25%, (iii) prior to the Fourteenth Amendment Effective Date, with respect to Extended Term B Dollar Loans, and from and after the Fourteenth Amendment Effective Date, with respect to 2015 Non-Extended Term B Dollar Loans (other than 2015 Non-Extended Term B Dollar Loans constituting Series 2 Extended Term B Dollar Loans), the applicable percentage set forth under the column Applicable Eurocurrency Margin for Extended Term B Dollar Loans and 2015 Non-Extended Term B Dollar Loans, opposite the Most Recent Senior Secured Leverage Ratio as of such date, (iv) with respect to Series 2 Extended Term B Dollar Loans (including, from and after the Fourteenth Amendment Effective Date, any Series 2 Extended Term B Dollar Loans that have been converted to 2015 Non-Extended Term B Dollar Loans but excluding any Series 2 Extended Term B Dollar Loans constituting 2015 Extended Term B Dollar Loans), the applicable percentage set forth under the column Applicable Eurocurrency Margin for Series 2 Extended Term B Dollar Loans opposite the Most Recent Senior Secured Leverage Ratio as of such date (provided that, for the avoidance of doubt, for the periods prior to the Seventh Amendment Effective Date for which interest or fees have not been paid, the Applicable Eurocurrency Margin in effect immediately prior to giving effect to the Seventh Amendment shall be applicable), (v) with respect to 2014-1 Additional Term Loans, 3.00% and (vi) with respect to 2015 Extended Term B Dollar Loans (including, for the avoidance of doubt, any Extended Term B Dollar Loans and Series 2 Extended Term B Dollar Loans that have been converted to 2015 Extended Term B Dollar Loans), 3.00%: Most Recent Senior Secured Leverage Ratio Applicable Eurocurrency Margin for Revolving Loans Less than or equal to 2.00 to 1 2.50 % Greater than 2.00 to 1 but less than or equal to 2.50 to 1 2.75 % Greater than 2.50 to 1 3.00 % Most Recent Senior Secured Leverage Ratio Applicable Eurocurrency Margin for Extended Term B Dollar Loans and 2015 Non-Extended Term B Dollar Loans (other than 2015 Non-Extended Term B Dollar Loans that constitute Series 2 Extended Term B Dollar Loans) Less than or equal to 2...