Applicable Eurodollar Rate Margin definition
Applicable Eurodollar Rate Margin means, 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 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 Eurodollar Rate Margin means:
Examples of Applicable Eurodollar Rate Margin in a sentence
Except as otherwise provided in Section 3.7, the unpaid principal amount of any Eurodollar Rate Advance shall bear interest at a rate per annum equal to the Eurodollar Rate for that Eurodollar Rate Advance plus the Applicable Eurodollar Rate Margin.
Except as otherwise provided in Sections 3.1(d) and 3.8, the unpaid principal amount of any Eurodollar Rate Loan shall bear interest at a rate per annum equal to the Eurodollar Rate for that Eurodollar Rate Loan plus the Applicable Eurodollar Rate Margin.
Borrower shall pay to Lender a L/C fee (the “L/C Fee”) for each Letter of Credit equal to the Applicable Eurodollar Rate Margin times the daily amount available to be drawn under such Letter of Credit.
Interest under the Eurodollar Rate Option shall accrue at a rate per annum (computed upon the basis of a year of 360 days and the actual number of days elapsed) for each day equal to the sum of (A) the Eurodollar Rate for each Interest Period plus (B) the Applicable Eurodollar Rate Margin as determined below.
Each change in the Applicable Eurodollar Rate Margin based on a change in such long-term senior debt rating shall be effective for each Interest Period of each Eurodollar Rate Portion of the Loans commencing on or after the second Business Day after the date that the Borrower provides written notice to the Agent of such rating change.
More Definitions of Applicable Eurodollar Rate Margin
Applicable Eurodollar Rate Margin with respect to any Eurodollar Rate Advance to any Borrower means for any day the rate per annum set forth below opposite the applicable S&P Bond Rating and Mood▇'▇ ▇▇▇d Rating in effect on such day for such Borrower: Bond Rating Applicable Eurodollar (S&P/Mood▇'▇) Level Rate Margin ----------------- ----- --------------------- A/A2 or higher I .180% A-/A3 II .270% BBB+/Baa1 III .310% BBB/Baa2 IV .400% BBB-/Baa3 V .550% BB+/Ba1 or lower VI .800%; provided that (i) if the Bond Ratings for any Borrower do not fall within the same Level, the Applicable Eurodollar Rate Margin applicable to such day will be the percentage opposite the Bond Rating that is at the higher level (Level I being the highest and Level VI being the lowest Level), (ii) in the event a Bond Rating for a Borrower is not available from one of the Rating Agencies, the Applicable Eurodollar Rate Margin will be based on the Bond Rating of the other Rating Agency, (iii) in the event a Bond Rating for the Company is available from none of the Rating Agencies, the Applicable Eurodollar Rate Margin for the Company will be the percentage opposite Level VI, and (iv) in the event a Bond Rating for a Borrowing Subsidiary is available from none of the Rating Agencies, the Applicable Eurodollar Rate Margin for such Borrower will be determined using the Bond Ratings of the Company (unless there is another Borrower (the "Intermediate Parent") that directly or indirectly owns 100% of the common stock of such Borrower and the Intermediate Parent has a Bond Rating in effect, in which case, the Applicable Eurodollar Rate Margin for such Borrower will be determined using the Bond Ratings of the Intermediate Parent of such Borrower); provided, that for each day on which the aggregate principal amount of the Advances outstanding hereunder is equal to or greater than 25% of the aggregate amount of the total Commitments hereunder, the Applicable Eurodollar Rate Margin for each Borrower will be increased by .125% for such day.
Applicable Eurodollar Rate Margin shall have the meaning ascribed to it in Subsection 2.5(b) hereof.
Applicable Eurodollar Rate Margin means (i) for the period from the Effective Date through but not including the first Start Date after the Effective Date, 2.50%, and (ii) from and after any Start Date to and including the corresponding End Date, the respective percentage per annum set forth in clause (A), (B), (C), (D), (E) or (F) below if, but only if, as of the Test Date for such Start Date the applicable condition set forth in clause (A), (B), (C), (D), (E) or (F) below, as the case may be, is met:
Applicable Eurodollar Rate Margin means, for each Eurodollar Rate Portion of --------------------------------- Loans outstanding prior to the Termination Date:
Applicable Eurodollar Rate Margin. A percentage equal to (i) sixty-one one-hundredths of one percent (.61%) at all times when the Borrower's senior debt (A) is not rated by Moody's or by Standard & Poors, (B) if rated by Moody's and Standard & Poors, has a rating of less than BBB- by Moody's and has a rating of less than Baa3 by Standard & Poors, (C) if rated only by Moody's, has a rating of less than BBB- by Moody's, or (D) if rated only by Standard & Poors, has a rating of less than Baa3 by Standard & Poors, and (ii) forty-five one-hundredths of one percent (.45%) at all times when the Borrower's senior debt (A) if rated by Moody's and Standard & Poors, has a rating of BBB- or better by Moody's or has a rating of Baa3 or better by Standard & Poors, (B) if rated only by Moody's, has a rating of BBB- or better by Moody's, or (C) if rated only by Standard & Poors, has a rating of Baa3 or better by Standard & Poors.
Applicable Eurodollar Rate Margin means, 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 75 II 100 III 125 IV 175 V 225 "Applicable Pricing Level" means (a) for the Pricing Period commencing ------------------------ on the Closing Date and ending on the date that is six (6) months after the Closing Date, Pricing Level II and (b) for each subsequent Pricing Period, the pricing level set forth below opposite the Funded Debt Ratio as of the last day of the Fiscal Quarter most recently ended prior to the commencement of that Pricing Period: Pricing Level Funded Debt Ratio ------------- ----------------- I Less than 1.00 to 1.00 II Equal to or greater than 1.00 to 1.00, but less than 1.50 to 1.00 III Equal to or greater than 1.50 to 1.00, but less than 2.00 to 1.00 IV Equal to or greater than 2.00 to 1.00, but less than 2.50 to 1.00 V Equal to or greater than 2.50 to 1.00; provided that (i) in the event that Borrower does not deliver a Pricing -------- Certificate with respect to any Pricing Period prior to the commencement of such Pricing Period, then until (but only until) such Pricing Certificate is delivered the Applicable Pricing Level for that Pricing Period shall be Pricing Level V and (ii) if any Pricing Certificate is subsequently determined to be in error, then any resulting change in the Applicable Pricing Level shall be made retroactively to the beginning of the relevant Pricing Period.
Applicable Eurodollar Rate Margin means, with respect to any Eurodollar Rate Advance, (a) for the Initial Pricing Period, 3.75% (375 basis points) per annum, and (b) for each other 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 Margin Pricing Level I 375 II 275 III 225