Applicable LIBOR Lending Rate Margin definition

Applicable LIBOR Lending Rate Margin set forth in Section 1.1 of the Agreement is hereby amended in its entirety as follows:
Sample 1
Applicable LIBOR Lending Rate Margin means the margin set forth below opposite the applicable Consolidated Total Liabilities to Consolidated EBITDA Ratio disclosed in the latest Compliance Certificate delivered pursuant to Section 6.3(c), subject to Section 2.4(d); provided that until Bank's receipt of Borrowers' audited Financial Statements for the fiscal year ending December 31, 2002, the margin will be as set forth opposite Pricing Level V: ------------------------------------------------------------------------------------------------- Consolidated Total Applicable LIBOR Liabilities to Lending Rate Margin Applicable LIBOR Consolidated EBITDA For All Revolving Lending Rate Margin Pricing Level Ratio Loans For the Term Loan ------------------------------------------------------------------------------------------------- I Less than 1.00:1.0 100 basis points 350 basis points ------------------------------------------------------------------------------------------------- II Greater than 1.00:1.0 125 basis points 350 basis points but less than 1.50:1.0 ------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- III Greater than or equal 150 basis points 350 basis points to 1.50:1.0 but less than 2.00:1.0 ------------------------------------------------------------------------------------------------- IV Greater than or equal 200 basis points 350 basis points to 2.00:1.0 but less than 2.50:1.0 ------------------------------------------------------------------------------------------------- V Greater than or equal 250 basis points 350 basis points to 2.50:1.0 -------------------------------------------------------------------------------------------------
Sample 1
Applicable LIBOR Lending Rate Margin means the margin set forth below opposite the applicable Consolidated Total Liabilities to Consolidated EBITDA Ratio disclosed in the latest Compliance Certificate delivered pursuant to Section 6.3(c), subject to Section 2.4(d); provided that until Bank's receipt of Borrowers' audited Financial Statements for the fiscal year ending December 31, 2003, the margin will be as set forth opposite Pricing Level V: Consolidated Total Liabilities to Applicable LIBOR Lending Applicable LIBOR Lending Consolidated EBITDA Rate Margin For All Rate Margin For the Term Pricing Level Ratio Revolving Loans Loan* --------------- ----------------------- ------------------------- -------------------------- I Less than 1.00:1.0 100 basis points 350 basis points II Greater than 1.00:1.0 125 basis points 350 basis points but less than 1.50:1.0 III Greater than or equal 150 basis points 350 basis points to 1.50:1.0 but less than 2.00:1.0 IV Greater than or equal 200 basis points 350 basis points to 2.00:1.0 but less than 2.50:1.0 V Greater than or equal 250 basis points 350 basis points to 2.50:1.0 "*Provided, however, upon receipt by Bank of the Term Loan Readvance Notice and a Replacement Secured Promissory Note (Term Loan) in the form of Exhibit A attached hereto, duly executed by Borrowers, and fulfillment of the condition described in Section 12 hereinbelow, the Applicable LIBOR Lending Rate Margin for the Term Loan shall be automatically amended to mean 325 basis points without further action required by any party."
Sample 1

Examples of Applicable LIBOR Lending Rate Margin in a sentence

  • No reduction in the Applicable Base Lending Rate Margin or Applicable LIBOR Lending Rate Margin shall be granted if an Event of Default has occurred and is continuing.


More Definitions of Applicable LIBOR Lending Rate Margin

Applicable LIBOR Lending Rate Margin means the margin set forth below opposite the applicable Consolidated Total Liabilities to Consolidated Effective Tangible Net Worth Ratio disclosed in the latest Compliance Certificate delivered pursuant to Section 6.3(c):
Sample 1
Applicable LIBOR Lending Rate Margin means the margin set forth below opposite the applicable Consolidated Total Liabilities to Consolidated EBITDA Ratio disclosed in the latest Compliance Certificate delivered pursuant to Section 6.3(c), subject to Section 2.4(d); provided that until Bank's receipt of Borrowers' audited Financial Statements for the fiscal year ending December 31, 2002, the margin will be as set forth opposite Pricing Level V: Consolidated Total Applicable LIBOR Liabilities to Lending Rate Applicable LIBOR Pricing Consolidated Margin For All Lending Rate Margin Level EBITDA Ratio Revolving Loans For the Term Loan -------- ------------------------ -------------------- ------------------- I Less than 1.00:1.0 100 basis points 400 basis points II Greater than 1.00:1.0 125 basis points 400 basis points but less than 1.50:1.0 III Greater than or equal 150 basis points 400 basis points to 1.50:1.0 but less than 2.00:1.0 IV Greater than or equal 200 basis points 400 basis points to 2.00:1.0 but less than 2.50:1.0 V Greater than or equal 250 basis points 400 basis points to 2.50:1.0
Sample 1
Applicable LIBOR Lending Rate Margin means, with respect to all Loans, as applicable, the margin set forth below opposite the applicable Leverage Ratio disclosed in the latest Compliance Certificate delivered pursuant to Section 6.3(b) or (e), as applicable: Applicable LIBOR Lending Rate Level Leverage Ratio Margin For All Loans I Greater than or equal to 1.5:1.0 300 basis points II Less than 1.5:1.0 275 basis points “Applicable Percentage” means, with respect to all Standby Letters of Credit, the Applicable LIBOR Lending Rate Margin in effect from time to time.
Sample 1
Applicable LIBOR Lending Rate Margin means, with respect to all Loans, as applicable, the margin set forth below opposite the applicable Leverage Ratio disclosed in the latest Compliance Certificate delivered pursuant to Section 6.3(b) or (e), as applicable: Applicable LIBOR Lending Level Leverage Ratio Rate Margin For All Loans I Greater than or equal to 1.5:1.0 300 basis points II Greater than or equal to 1.0:1.0, but less than 1.5:1.0 275 basis points III Less than 1.0:1.0 250 basis points”
Sample 1

Related to Applicable LIBOR Lending Rate Margin

  • Applicable LIBOR Rate Margin means the following per annum percentages, applicable in the following situations:

  • LIBOR Rate Margin has the meaning set forth in the definition of Applicable Margin.

  • 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 Pricing Level Margin I 52.50 II 62.50 III 72.50 IV 82.50 V 92.50

  • Eurodollar Rate Margin means the margin over the Eurodollar Rate used in determining the rate of interest of Eurodollar Rate Loans pursuant to subsection 2.2A.

  • Applicable LIBOR Margin means a per annum rate of interest payable in addition to the LIBOR Rate on LIBOR Rate Loans, determined by reference to Section 1.6.

  • Base Rate Margin means a rate per annum determined in accordance with the Pricing Schedule.

  • Applicable Base Rate Margin means, with respect to ABR Loans of any Series at any time, the percentage rate per annum specified as the “Applicable Base Rate Margin” for such Series at such time, as determined pursuant to the Pricing Schedule.

  • LIBOR Applicable Margin means, as of any date with respect to any LIBOR Interest Period, the Applicable Margin in effect for such LIBOR Interest Period as determined in accordance with Section 2.4 hereof.

  • Applicable Margin means, with respect to Advances of any Type at any time, the percentage rate per annum which is applicable at such time with respect to Advances of such Type as set forth in the Pricing Schedule.

  • Applicable Prime Rate Margin shall have the meaning provided in section 2.7(g).

  • Prime Rate Margin is set forth on Schedule I hereto.

  • Applicable Interest Rate Margin means (a) as to any Base Rate Advance, the applicable rate per annum set forth below under the caption “Base Rate Spread” and (b) as to any LIBO Rate Advance, the applicable rate per annum set forth below under the caption “LIBO Rate Spread”, determined by reference to the higher of (i) the rating of Mondelēz’s long-term senior unsecured Debt from Standard & Poor’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Standard & Poor’s for Mondelēz) and (ii) the rating of Mondelēz’s long-term senior unsecured Debt from Moody’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Moody’s for Mondelēz), in each case on such date: Rating Base Rate Spread LIBO Rate Spread A or higher by Standard & Poor’s A2 or higher by Moody’s 0.000 % 0.835 % A- by Standard & Poor’s A3 by Moody’s 0.000 % 0.940 % BBB+ by Standard & Poor’s Baa1 by Moody’s 0.045 % 1.045 % BBB by Standard & Poor’s Baa2 by Moody’s 0.150 % 1.150 % Lower than BBB by Standard & Poor’s Lower than Baa2 by Moody’s 0.250 % 1.250 % provided that if on any date of determination (x) a rating is available on such date from only one of Standard & Poor’s and Moody’s but not the other, the Applicable Interest Rate Margin shall be determined by reference to the then available rating; (y) no rating is available from either of Standard & Poor’s or Moody’s, the Applicable Interest Rate Margin shall be determined by reference to the rating of any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders and (z) no rating is available from any of Standard & Poor’s, Moody’s or any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders, the Applicable Interest Rate Margin shall be 0.250% as to any Base Rate Advance and 1.250% as to any LIBO Rate Advance.

  • Floating Rate Margin means 7.50 per cent. per annum.

  • LIBOR Margin has the meaning given that term in Section 2.2.(c)(ii)(D).

  • Applicable Eurodollar Margin means, as at any date of determination, the rate per annum then applicable to Eurodollar Rate Loans determined in accordance with the provisions of Section 2.15(D)(ii) hereof.

  • Applicable Revolver LIBOR Margin means the per annum interest rate from time to time in effect and payable in addition to the LIBOR Rate applicable to the Revolving Loan, as determined by reference to Section 1.5(a).

  • Applicable LIBOR Rate means, (a) for Auction Periods of 35 days or less, One-Month LIBOR, (b) for Auction Periods of more than 35 days but less than 91 days, Three-Month LIBOR, (c) for Auction Periods of more than 90 days but less than 181 days, Six-Month LIBOR, and (d) for Auction Periods of more than 180 days, One-Year LIBOR.

  • Applicable Margins means collectively the Applicable Revolver Index Margin, the Applicable Term Loan Index Margin, the Applicable Revolver LIBOR Margin and the Applicable Term Loan LIBOR Margin.

  • Base LIBOR Rate means the rate per annum, determined by Agent in accordance with its customary procedures, and utilizing such electronic or other quotation sources as it considers appropriate (rounded upwards, if necessary, to the next 1/16%), on the basis of the rates at which Dollar deposits are offered to major banks in the London interbank market on or about 11:00 a.m. (California time) 2 Business Days prior to the commencement of the applicable Interest Period, for a term and in amounts comparable to the Interest Period and amount of the LIBOR Rate Loan requested by Administrative Borrower in accordance with this Agreement, which determination shall be conclusive in the absence of manifest error.

  • Eurodollar Margin means the percentage set forth in Schedule 1 hereto beside the then applicable Level.

  • USD LIBOR means the London interbank offered rate for U.S. dollars.

  • 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 Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin II 10.0 V 17.5

  • USD-LIBOR-BBA As defined in the Swap Agreement in the Annex to the 2000 ISDA Definitions.

  • Applicable ABR Margin means, at any date:

  • Applicable Unused Line Fee Margin means the per annum fee, from time to time in effect, payable in respect of Borrowers’ non-use of committed funds pursuant to Section 1.9(b), which fee is determined by reference to Section 1.5(a).