Applicable Fixed Rate Margin means, as at any date of determination, the rate per annum then applicable to Fixed Rate Loans determined in accordance with the provisions of Section 2.15(d)(ii) plus (in the case of a Fixed Rate Loan of any Lender which is lent from the Lending Installation in the United Kingdom or a Participating Member State) the Mandatory Costs (if any).
Applicable Fixed Rate Margin set forth in Section 1.01 of the Credit Agreement is amended by deleting such definition in its entirety and substituting therefor the following:
Applicable Fixed Rate Margin means, as at any date of determination, the rate per annum then applicable to Fixed Rate Loans determined in accordance with the provisions of Section 2.15(d)(ii) plus (in the case of a Fixed 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 Fixed Rate Margin in a sentence
Subject to Sections 2.4(d) and 2.4(h), Fixed Rate Portions shall bear interest on the unpaid principal amount thereof during the Fixed Rate Period applicable thereto at a rate per annum equal to the sum of the Fixed Rate for such Fixed Rate Period plus the Applicable Fixed Rate Margin.
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Notwithstanding the foregoing, for so long as any Default shall have occurred and be continuing, the Applicable Floating Rate Margin, Applicable Fixed Rate Margin and Applicable Commitment Fee Percentage shall be determined by reference to Category 5.
Notice of the Borrower's election of the Fixed Rate Option shall be made to the Agent in writing at least three (3) Business Days prior to the proposed Fixed Rate Effective Date; such notice shall set forth the Fixed Rate Effective Date and the Applicable Fixed Rate Margin elected by Borrower and such notice of election and choice of Applicable Fixed Rate Margin shall be irrevocable and shall commit the Borrower to the election of the Fixed Rate Option hereunder.
More Definitions of Applicable Fixed Rate Margin
Applicable Fixed Rate Margin. “Applicable Floating Rate Margin”, “Applicable Letter of Credit Fee Rate” and “Applicable Overdraft Rate Margin” mean a per annum rate equal to, if the Average Quarterly Availability for the applicable period ending on the last day of the then most recent fiscal quarter (as shown on the Compliance Certificate delivered pursuant to Section 7.01(c)) is within the applicable range set forth on Exhibit A attached hereto, the Applicable Fixed Rate Margin, the Applicable Floating Rate Margin, the Applicable Letter of Credit Fee Rate and the Applicable Overdraft Rate Margin shall be the respective per annum rates set forth opposite the applicable range indicated on the table set forth on Exhibit A attached hereto. Subject to the preceding sentence, in the event of the delivery of a Compliance Certificate showing an increase or decrease in the Average Quarterly Availability which requires a change in the Applicable Fixed Rate Margin, the Applicable Floating Rate Margin, the Applicable Letter of Credit Fee Rate and the Applicable Overdraft Rate Margin, such changes shall be effective from the first day of the calendar month immediately following receipt of such Compliance Certificate (provided that the Compliance Certificate is received by the Administrative Agent no later than 12:00 p.m. (New York 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 Fixed Rate Margin, the Applicable Floating Rate Margin, the Applicable Letter of Credit Fee Rate and the Applicable Overdraft Rate Margin are subject to change following the delivery of (or failure to deliver) a Compliance Certificate showing an increase or decrease in the Average Quarterly Availability which requires such changes (any such date on which the Applicable Fixed Rate Margin, the Applicable Floating Rate Margin, the Applicable Letter of Credit Fee Rate and the Applicable Overdraft Rate Margin are subject to change being a “Rate Change Date”); provided, however, that failure to timely deliver such Compliance Certificate following the end of any fiscal quarter shall, in addition to any other remedy provided for in this Agreement, result in an increase in the Applicable Fixed Rate Margin, the Applicable Floating Rate Margin, the Applicable Letter of Credit Fee Rate and the Applicable Overdraft Rate Margin to the maximum per annum rates for the applicable period set forth on Exhibit A until the first day of the first calendar month f...
Applicable Fixed Rate Margin means initially a rate equal to 2.25% per annum until the last day of the fourth fiscal quarter of 1998. Thereafter, such rate will fluctuate quarterly on the first day of each fiscal quarter, commencing with the first fiscal quarter of 1999, based upon the Fixed Charge Coverage Ratio for the preceding twelve-month period, calculated as of the last day of such preceding twelve-month period, as set forth below: If the Fixed Charge Applicable Fixed Coverage Ratio is: Rate Margin Less than 2.00 2.75% Greater than or equal to 2.00 but less than 3.00 2.50% Greater than or equal to 3.00 but less than 4.00 2.25%. Greater than or equal to 4.00 but less than 5.00 2.00% Greater than or equal to 5.00 1.75%.
Applicable Fixed Rate Margin set forth in the Loan Agreement is hereby deleted in its entirety and replaced by the following:
Applicable Fixed Rate Margin means (i) prior to June 13, 2006, one and one-quarter percent (1.25%), and (ii) from and after June 13, 2006, one and three-tenths percent (1.30%).
Applicable Fixed Rate Margin as at any date of determination, shall be the rate per annum then applicable to Eurocurrency Rate Loans, determined in accordance with the provisions of Section 2.8(b).
Applicable Fixed Rate Margin means, as of any date, 40 basis points per annum.