Applicable Eurocurrency Rate 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 2.13(d).
Applicable Eurocurrency Rate Margin has the meaning specified in the Lender Fee Letter.
Applicable Eurocurrency Rate Margin means, as at any date of determination with respect to any Class of Loans, the rate per annum then applicable to Eurocurrency Rate Loans of such Class determined in accordance with the provisions of Section 2.15(d)(ii) or 2.15(d)(iii), as applicable, plus (in the case of a Eurocurrency Rate Loan of any Lender which is lent from a Lending Installation in the United Kingdom or a participating member state) the Mandatory Cost Rate (if any).
Examples of Applicable Eurocurrency Rate Margin in a sentence
Each Eurocurrency Rate Advance shall bear interest from and including the first day of each Interest Period applicable thereto to (but not including) the last day of such Interest Period at the Eurocurrency Rate applicable to such Eurocurrency Rate Advance and Interest Period plus the Applicable Eurocurrency Rate Margin in effect from time to time.
Notwithstanding the foregoing and the Applicable Ratings Category on the Closing Date, prior to the delivery of the financial statements for the fiscal year of the Company ending January 2, 2015, the Applicable ABR Margin, Applicable Eurocurrency Rate Margin and Applicable Commitment Fee Percentage shall be determined by reference to Category 3.
Applicable Eurocurrency Rate Margin and Applicable Commitment Fee Percentage.
In addition, within 50 days after the end of May 31, 1999, the Company shall deliver a Compliance Certificate signed by the Company's chief financial officer, treasurer or controller and setting forth calculations for the twelve-month period then ended for the Leverage Ratio (for purposes of determining the Applicable Base Rate Margin, the Applicable Eurocurrency Rate Margin and the Unused Commitment Fee Rate).
Each Eurocurrency Rate Advance shall bear interest from and including the first day of the Interest Period applicable thereto to (but not including) the last day of such Interest Period at the Eurocurrency Rate applicable to such Eurocurrency Rate Advance and Interest Period plus the Applicable Eurocurrency Rate Margin in effect from time to time.
More Definitions of Applicable Eurocurrency Rate Margin
Applicable Eurocurrency Rate Margin means:
Applicable Eurocurrency Rate Margin means the percentage rate per annum which is the applicable increase over the Eurocurrency Reference Rate for purposes of calculating the Eurocurrency Comparable Rate as set forth in the Pricing Schedule.
Applicable Eurocurrency Rate Margin means at all times during the applicable periods set forth below, (i) with respect to outstanding Term Loans maintained as Eurocurrency Rate Loans, 3.75% per annum and (ii) with respect to outstanding Revolving Loans maintained as Eurocurrency Rate Loans, the applicable rate per annum set forth below under the heading "Applicable Eurocurrency Rate Margin for Revolving Loans"; Applicable Base Rate Leverage Ratio Margin for Revolving Loans -------------- -------------------------- greater than or equal to 5.00 to 1 3.00% greater than or equal to 4.00 to 1 less than 5.00 to 1 2.50% greater than or equal to 3.00 to 1 less than 4.00 to 1 2.00% less than 3.00 to 1 1.50% The Leverage Ratio used to compute the Applicable Eurocurrency Rate Margin for Revolving Loans following the Effective Date shall be the Leverage Ratio set forth in the Compliance Certificate most recently delivered by the Company to the Administrative Agent pursuant to Section 7.01(d); changes in the Applicable Eurocurrency Margin for Revolving Loans resulting from a change in the Leverage Ratio shall become effective as to all Revolving Loans maintained as Eurocurrency Rate Loans upon delivery by the Company to the Administrative Agent of a new Compliance Certificate pursuant to Section 7.01(d) and notice by the Company to the Administrative Agent that a rate change is required. Notwithstanding anything to the contrary set forth in this Agreement (including the then effective Leverage Ratio), the Applicable Eurodollar Rate Margin shall be 3.00% for Revolving Loans for the period commencing on the Effective Date and ending on the delivery of a separate Compliance Certificate in respect of the Company's fiscal month ending May 31, 1999. If the Company shall fail to deliver a Compliance Certificate within 50 days after the end of any fiscal quarter (or within 95 days, in the case of the last fiscal quarter of any Fiscal Year) as required pursuant to Section 7.01(d), the Applicable Eurocurrency Rate Margin for Revolving Loans from and including the 51st (or 96th, as the case may be) day after the end of such fiscal month or quarter to but not including the date the Company delivers to the Administrative Agent a Compliance Certificate shall conclusively equal the highest Applicable Eurocurrency Rate Margin for Revolving Loans set forth above.
Applicable Eurocurrency Rate Margin means at all times during the applicable periods set forth below, the applicable rate per annum set forth below under the heading "Applicable Eurocurrency Rate Margin": Applicable Leverage Ratio Eurocurrency Rate Margin -------------- ------------------------ greater than 5.00 to 1 2.00% greater than 4.50 to 1 less than or equal to 5.00 to 1 1.625% greater than 4.00 to 1 less than or equal to 4.50 to 1 1.375% greater than 3.50 to 1 less than or equal to 4.00 to 1 1.25% greater than 3.00 to 1 less than or equal to 3.50 to 1 1.00% less than or equal to 3.00 to 1 0.875% The Leverage Ratio used to compute the Applicable Eurocurrency Rate Margin following the Effective Date shall be the Leverage Ratio set forth in the Compliance Certificate most recently delivered by the Company to the Administrative Agent pursuant to Section 7.01(d); changes in the Applicable Eurocurrency Margin resulting from a change in the Leverage Ratio shall become effective as to all Eurocurrency Rate Loans upon delivery by the Company to the Administrative Agent of a new Compliance Certificate pursuant to Section 7.01(d) and notice by the Company to the Administrative Agent that a rate change is required. Notwithstanding anything to the contrary set forth in this Agreement (including the then effective Leverage Ratio), the Applicable Eurocurrency Rate Margin shall be 1.375% for the period commencing on the Effective Date and ending on the delivery of the Compliance Certificate in respect of the Borrowers' second fiscal quarter of Fiscal Year 1997. If the Company shall fail to deliver a Compliance Certificate within 50 days after the end of any fiscal quarter (or within 95 days, in the case of the last fiscal quarter of any Fiscal Year) as required pursuant to Section 7.01(d), the Applicable Eurocurrency
Applicable Eurocurrency Rate Margin means at any date, with respect to each Eurocurrency Rate Loan, (a) 3.50% per annum with respect to Senior Cash Pay Loans and (b) 3.875% per annum with respect to Senior Toggle Loans. If the Loans have not been repaid in full within the six-month period following the Closing Date, the Applicable Eurocurrency Rate Margin will increase by 0.50% per annum at the end of such six-month period and shall increase by an additional 0.50% per annum at the end of each three-month period thereafter until the Rollover Date. At the Rollover Date, the Applicable Eurocurrency Rate Margin will increase by 0.50% per annum and shall increase by an additional 0.50% per annum at the end of each three-month period thereafter until the applicable Maturity Date. Notwithstanding the foregoing, the Applicable Eurocurrency Rate Margin shall be capped such that the applicable interest rate, (i) in the case of Senior Cash Pay Loans, shall not exceed 10.0% at any time and (ii) in the case of Senior Toggle Loans, excluding the effect of the PIK Margin, shall not exceed 10.375% at any time.
Applicable Eurocurrency Rate Margin set forth in Section 1.01 of the Credit Agreement is deleted in its entirety and the following new definition is inserted in lieu thereof:
Applicable Eurocurrency Rate Margin means, subject to Section 2.06(c), for any period (a) if, as at the end of the preceding fiscal quarter, the Leverage Ratio is less than 0.5:1.0, fifty (50) basis points; (b) if, as at the end of the preceding fiscal quarter, the Leverage Ratio is equal to or greater than 0.5:1.0, but less than 0.75:1.0, seventy-five (75) basis points; (c) if, as at the end of the preceding fiscal quarter, the Leverage Ratio is equal to or greater than 0.75:1.0 but less than 1.0:1.0, one hundred (100) basis points; (d) if, as at the end of the preceding fiscal quarter, the Leverage Ratio is equal to or greater than 1.0:1.0 but less than 1.25:1.1, one hundred twenty-five (125) basis points; (e) if, as at the end of the preceding fiscal quarter, the Leverage Ratio is equal to or greater than 1.25:1.0 but less than 1.50:1.0, one hundred fifty (150) basis points; if, as at the end of the preceding fiscal quarter, the Leverage Ratio is 1.50:1.0 or greater, three hundred (300) -2- 9 basis points. Adjustments in the Applicable Eurocurrency Rate Margin shall be effective as of the 10th Business Day following receipt by the Agent of the Borrower's annual or quarterly financial statements, as applicable."