Applicable LIBOR Margin definition

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.

Applicable LIBOR Margin means, at any date:

Applicable LIBOR Margin means:

Examples of Applicable LIBOR Margin in a sentence

• Interest shall accrue and be payable on each Loan made as a LIBOR Loan at a per annum interest rate equal to the LIBOR Basis applicable to such LIBOR Loan plus the Applicable LIBOR Margin.

• Borrower shall pay interest on the unpaid principal amount of each LIBOR Loan outstanding from time to time, from the date thereof until paid, at the Derived LIBOR Rate, fixed in advance for each Interest Period (but subject to changes in the Applicable LIBOR Margin) as herein provided for each such Interest Period.

• If Borrower shall fail to select a LIBOR Interest Period the unpaid principal balance of this Note shall bear interest at LIBOR plus the Applicable LIBOR Margin for successive LIBOR Interest Periods of one month each until Borrower selects another LIBOR Interest Period in accordance with the terms hereof.

• The unpaid principal amount of each LIBOR Loan shall bear interest from the date of the Borrowing thereof until maturity thereof (whether by acceleration or otherwise) at a rate per annum that shall at all times be the Applicable LIBOR Margin in effect from time to time plus the relevant LIBOR Rate.

• At a fixed rate equal to “LIBOR” (as hereinafter defined) plus the Applicable LIBOR Margin per annum (as described in terms of basis points (“bps”) in the chart immediately set forth below).

More Definitions of Applicable LIBOR Margin

Applicable LIBOR Margin means at any date, with respect to each LIBOR Loan that is a Term Loan, the applicable percentage per annum set forth below based upon the Status in effect on such date: Applicable LIBOR Margin for Status Term Loans Level I Status 2.25 % Level II Status 2.00 %

Applicable LIBOR Margin means, at any date, with respect to each LIBOR Loan, 5.50% per annum.

Applicable LIBOR Margin means, with respect to Libor Loans, an amount equal to four hundred fifty (450) basis points.

Applicable LIBOR Margin means, at any date, with respect to each LIBOR Loan that is a Tranche B Term Loan, Revolving Credit Loan or a Swingline Loan, 2.50% per annum.

Applicable LIBOR Margin shall have the meaning set forth in the definition of Applicable Margin.

Applicable LIBOR Margin means, with respect to each LIBOR Loan that is a Revolving Credit Loan, 5.00% per annum during the period from and including the Closing Date to but excluding the Initial Financial Statement Delivery Date. Each change in the Applicable LIBOR Margin resulting from a change in the Senior Secured Leverage Ratio as of any Calculation Date after the Initial Financial Statement Delivery Date shall be effective with respect to all Revolving Credit Loans and Letters of Credit outstanding on and after the date of delivery to the Administrative Agent of the Section 9.1 Financials indicating such change until the date immediately preceding the next date of delivery of Section 9.1 Financials indicating another such change. Anything contained herein to the contrary notwithstanding, in the event that any financial statement or Compliance Certificate delivered hereunder is discovered to be inaccurate within one year of delivery (regardless of whether this Agreement or the Commitments are in effect when such inaccuracy is discovered), and such inaccuracy, if corrected, would have led to the application of a higher Applicable LIBOR Margin for any period (an “Applicable LIBOR Margin Period”) than the Applicable LIBOR Margin applied for such Applicable LIBOR Margin Period, then (1) the Borrower shall promptly deliver to the Administrative Agent a corrected financial statement and a corrected Compliance Certificate for such Applicable LIBOR Margin Period, (2) the Applicable LIBOR Margin shall be determined based on the corrected Compliance Certificate for such Applicable LIBOR Margin Period, and (3) the Borrower shall promptly pay to the Administrative Agent, for the account of the applicable Lenders, the accrued additional interest and Letter of Credit Fees owing as a result of such increased Applicable LIBOR Margin for such Applicable LIBOR Margin Period. None of the foregoing shall limit the rights of the Administrative Agent or the Lenders with respect to Section 2.8(c) or Section 11.

Applicable LIBOR Margin means, as at any date of determination, the margin indicated in Section 2.05 as then applicable to LIBOR Loans (under Section 2.07(a)(ii)).