Applicable LIBO Rate Margin means, with respect to any Loan made or maintained as a LIBO Rate Loan, the lowest per annum rate determined by reference to the Net Debt to EBITDA Ratio and EBITDA to Interest Ratio, in each case that is satisfied for each of such ratios in a given clause below and as indicated in the Compliance Certificate most recently delivered pursuant to clause (c) of Section 7.1.1, equal to:
Applicable LIBO Rate Margin shall have the meaning set forth in the definition of "LIBO Rate".
Applicable LIBO Rate Margin means the following per annum interest rate from time to time, determined for each fiscal quarter by reference to the Percentage Outstanding for the immediately prior fiscal quarter, in accordance with the following schedule: Applicable LIBO Percentage Outstanding Rate Margin ---------------------- ------------- 0 to 50% 1.50% above 50% to 90% 1.75% above 90% 2.25% The Applicable LIBO Rate Margin shall remain fixed during each fiscal quarter of the Borrower's fiscal year, determined on the first day of each fiscal quarter depending upon the Percentage Outstanding for the immediately prior quarter. (During the first partial quarter of this Agreement, commencing on the Closing Date, the Applicable LIBO Rate Margin shall be 1.50% percent.) No more than four (4) LIBO Rate tranches at any one time are permitted for the Notes. The Borrower will comply with the provisions of Addendum I hereto, relating to the LIBO Rate, which is an integral part of this Agreement. The LIBO Rate shall remain fixed for the duration of the LIBO Rate Interest Period selected. The Borrower shall not have the right to voluntarily prepay Advances outstanding at the LIBO Rate prior to the end of the applicable LIBO Rate Interest Period unless the Borrower includes payment of amounts, if any, required to be paid pursuant to paragraph 6 of Addendum I.
Examples of Applicable LIBO Rate Margin in a sentence
Interest shall accrue on each LIBOR Loan at a rate equal to the LIBO Rate for the selected Interest Period plus the Applicable LIBO Rate Margin.
Results for contributions to labour productivity growth are shown in Tables A3 and A4.
Interest shall accrue on each LIBOR Loan at a rate equal to the LIBO Rate for the selected Interest Period plus the Applicable LIBO Rate Margin, said rate to change contemporaneously with any change in the LIBO Rate Margin.
Upon Lender’s receipt of Borrower’s quarterly financial statements required to be delivered to Lender pursuant to Section 4.2(b)(i) of the Loan Agreement, the Applicable LIBO Rate Margin will be subject to adjustment in accordance with the table set forth above based on the then applicable Senior Funded Debt to EBITDA Ratio, so long as no Default or Event of Default is existing as of applicable Determination Date or as of the effective date of adjustment.
Our fee for service for all standard recruiting assignments is 12%, plus GST; regardless of the level of remuneration or the seniority of the position.
More Definitions of Applicable LIBO Rate Margin
Applicable LIBO Rate Margin set forth in Section 1.1 of the Credit Agreement, as amended by Second Modification, is hereby amended and restated to read in its entirety as follows:
Applicable LIBO Rate Margin. As set forth in Annex II.
Applicable LIBO Rate Margin means, (w) relative to any Term B Loan, (1) on any date prior to June 30, 2001, 3.50% per annum, (2) on any date from and after the Effective Date of the Eighth Amendment to Credit Agreement and prior to June 30, 2002, 11.00% per annum, as such rate may be reduced from time to time upon the occurrence of an Interest Reduction Event, and (3) on any date from and after June 30, 2002, 3.50% per annum, (x) relative to any Term C Loan, (1) on any date prior to June 30, 2001, 4.00% per annum, (2) on any date from and after the Effective Date of the Eighth Amendment to Credit Agreement and prior to June 30, 2002, 11.00% per annum, as such rate may be reduced from time to time upon the occurrence of an Interest Reduction Event, and (3) on any date from and after June 30, 2002, 4.00% per annum; (y) relative to any Term D Loan, (1) on any date prior to June 30, 2001, 4.50% per annum, (2) on any date from and after the Effective Date of the Eighth Amendment to Credit Agreement and prior to June 30, 2002, 11.50% per annum, as such rate may be reduced from time to time upon the occurrence of an Interest Reduction Event, and (3) on any date from and after June 30, 2002, 4.5%; and (z) relative to any Term A Loan, (1) on any date prior to February 18, 2001, 3.00% per annum, (2) on any date from and after February 18, 2001 and prior to June 30, 2001, the per annum percentage set forth below opposite the Total Debt to EBITDA Ratio set forth in the Current Compliance Certificate, (3) on any date from and after the Effective Date of the Eighth Amendment to Credit Agreement and prior to June 30, 2002, 11.00% per annum, as such rate may be reduced from time to time upon the occurrence of an Interest Reduction Event, and (4) on any date from and after June 30, 2002, the per annum percentage set forth below opposite the Total Debt to EBITDA Ratio set forth in the Current Compliance Certificate: Total Debt to EBITDA Ratio Applicable LIBO Rate Margin a 4.5:1 3.00 % a 4.0:1 and < 4.5:1 2.75 % a 3.5:1 and < 4.0:1 2.50 % a 3.0:1 and < 3.5:1 2.00 % a 2.5:1 and < 3.0:1 1.75 % < 2.5:1 1.50 %"
Applicable LIBO Rate Margin means, as at any date of
Applicable LIBO Rate Margin means, with respect to any LIBO Rate Loan --------------------------- for any Pricing Period, the then applicable per annum rate set forth in the Pricing Grid.
Applicable LIBO Rate Margin means two and one-half percent (2.50%) per annum; provided however, that during any fiscal quarter of the Borrower where the Borrower shall have satisfied the Funded Debt to Cash Flow ratio test indicated in the table below, then the Applicable LIBO Rate Margin for the Effective Period (as defined below) shall be the percentage rate per annum set forth opposite the appropriate test in the table below: Funded Debt to Cash Flow Applicable LIBO Rate Margin ------------------------ --------------------------- Greater than 3.0 to 1.0 2.50% per annum Equal to or Less than 3.0:1.0 and 2.00% per annum Greater than 2.25:1.0 Equal to or Less than 2.25:1.0 and 1.50% per annum Greater than 1.5:1.0 Equal to or Less than 1.5 to 1.0 0.75% per annum The Funded Debt to Cash Flow ratio shall be computed generally as set forth in Paragraph 6.17(C) with Cash Flow being computed on a rolling four (4) quarter basis after giving Pro-Forma Effect to any Permitted Acquisition or Indebtedness associated therewith, and the Applicable LIBO Rate Margin shall be confirmed by the Agent on the basis of quarter-annual financial statements of the Borrower delivered to the Banks pursuant to Paragraph 6.2(B) and year end financial statements delivered pursuant to Paragraph 6.2(C). The "Effective Period" shall be the period commencing on the first Business Day of the first month following delivery to the Agent of the financial statements of the Borrower pursuant to Paragraphs 6.2(B) and 6.2(C), which financial statements indicate that the applicable test set forth above has been satisfied for the preceding fiscal quarter, and ending on the date that is three months after such commencement date. At the end of any Effective Period, the Applicable LIBO Rate Margin shall automatically become two and one-half percent (2.50%) per annum unless at or prior to such time the next Effective Period shall have commenced.
Applicable LIBO Rate Margin. For all new LIBO Rate Loans, the definition of "Applicable LIBO Rate Margin" set forth in Section 1.1 of the Credit Agreement, as amended by Second Modification, is hereby amended and restated to read in its entirety as follows: