Applicable LIBOR Rate Margin means the following per annum percentages, applicable in the following situations:
Applicable LIBOR Rate Margin set forth in Section 1.1 of the Credit Agreement is hereby amended to read as follows:
Applicable LIBOR Rate Margin means the following per annum percentages, applicable in the following situations: Applicability Percentage ------------- ---------- (a) Initial Pricing Period 2.000%
Examples of Applicable LIBOR Rate Margin in a sentence
LIBOR Based Rate - The LIBOR Rate plus the Applicable LIBOR Rate Margin.
Changes in the Applicable LIBOR Rate Margin shall take effect as of the date on which the condition set forth in the relevant clause of the definition of each such term is satisfied.
Subject to SECTIONS 2.4.4 and 2.4.8, all LIBOR Loans shall bear interest on the unpaid principal amount thereof during the Interest Period applicable thereto at a rate per annum equal to the sum of LIBOR for such Interest Period PLUS the Applicable LIBOR Rate Margin.
Interest shall accrue on each LIBOR Loan at a rate equal to the LIBOR Rate for the selected Interest Period plus the Applicable LIBOR Rate Margin.
Subject to Sections 2.4.4 and 2.4.8, all LIBOR Loans shall bear interest on the unpaid principal amount thereof during the Interest Period applicable thereto at a rate per annum equal to the sum of LIBOR for such Interest Period plus the Applicable LIBOR Rate Margin.
More Definitions of Applicable LIBOR Rate Margin
Applicable LIBOR Rate Margin means, as at any date of determination, the margin indicated in Section 2.11 as then applicable in the determination of LIBOR Rates.
Applicable LIBOR Rate Margin means the per annum rate designated in the definition of “Applicable Margin” as the “Applicable LIBOR Rate Margin”.
Applicable LIBOR 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 65.00 II 70.00 III 85.00 IV 115.00
Applicable LIBOR Rate Margin means the following:
Applicable LIBOR Rate Margin means, as of any date of determination: (i) 0.85%, if Borrower's senior long-term unsecured debt obligations are rated at least BBB+ or Baa1 by one or both of the Rating Agencies, (ii) 0.95%, if Borrower's senior long-term unsecured debt obligations are rated at least BBB or Baa2 by one or both of the Rating Agencies, (iii) 1.05%, if Borrower's senior long-term unsecured debt obligations are rated at least BBB- or Baa3 by one or both of the Rating Agencies, (iv) 1.25% if Borrower's senior long-term unsecured debt obligations are rated at least Ba1/Ba2 or BB+/BB by one or both of the Rating Agencies or (v) 1.50%, in any other case (including, without limitation, if Borrower's senior long-term unsecured debt obligations are not rated by either of the Rating Agencies).
Applicable LIBOR Rate Margin. “Applicable LOC Fee”, “Applicable Prime Rate Margin”, and “Applicable Unused Commitment Fee” means, as of any date, the applicable per annum rate shown in the applicable column in clause (vii) of Section 3.1.
Applicable LIBOR Rate Margin means, as of any date of determination, the following margin based upon Borrower’s most recent Debt to Worth Ratio calculation (determined as set forth in the following paragraph); provided, however, that for the period from the Closing Date through the date Agent receives the certified calculation of the Debt to Worth Ratio in respect of the testing period ending June 30, 2002 delivered by Borrower pursuant to Section 6.3(a)(iii)(B), the Applicable LIBOR Rate Margin shall be calculated based upon Borrower’s Debt to Worth Ratio as of March 31, 2002 (calculated on a pro forma basis as if the transactions contemplated hereby had been consummated as of such date): Level Debt to Worth Ratio LIBOR Rate Margin I less than 6.5:1.0 2.75 percentage points II equal to or greater than 6.5:1.0 and less than 7.0:1.0 3.00 percentage points III equal to or greater than 7.0:1.0 3.25 percentage points The Applicable LIBOR Rate Margin shall be based upon Borrower’s most recent Debt to Worth Ratio calculation, which will be calculated each fiscal quarter of Borrower as at the end of such fiscal quarter based upon the fiscal quarter then ended. The Applicable LIBOR Rate Margin shall be redetermined each fiscal quarter of Borrower on the date Agent receives the certified calculation of the Debt to Worth Ratio pursuant to Section 6.3(a)(iii)(B) hereof; provided, however, that if Borrower fails to provide such certification when such certification is due, the Applicable LIBOR Rate Margin shall be set at the margin in the row styled “Level III” as of the date on which the certification was required to be delivered until the date on which such certification is delivered (on which date (but not retroactively), without constituting a waiver of any Default or Event of Default occasioned by the failure to timely deliver such certification, the Applicable LIBOR Rate Margin shall be set at the margin based upon the Debt to Worth Ratio calculation disclosed by such certification).