{"component": "definition", "props": {"groups": [{"snippet_links": [{"key": "per-annum", "type": "definition", "offset": [20, 29]}], "size": 26, "snippet": "means the following per annum percentages, applicable in the following situations:", "samples": [{"hash": "j9tGAnqItP9", "uri": "/contracts/j9tGAnqItP9#applicable-libor-rate-margin", "label": "Credit Agreement (Uk Abba Products Inc)", "score": 18.0, "published": true}, {"hash": "ig0p79ynpMg", "uri": "/contracts/ig0p79ynpMg#applicable-libor-rate-margin", "label": "Credit Agreement (Clubcorp Inc)", "score": 18.0, "published": true}, {"hash": "gE9GHEigkWI", "uri": "/contracts/gE9GHEigkWI#applicable-libor-rate-margin", "label": "Credit Agreement (Safeguard Scientifics Inc Et Al)", "score": 18.0, "published": true}], "hash": "50bbb37d226dc7720e329100917a4cf3", "id": 1}, {"snippet_links": [{"key": "section-11-of-the-credit-agreement", "type": "clause", "offset": [13, 48]}], "size": 16, "snippet": "set forth in Section 1.1 of the Credit Agreement is hereby amended to read as follows:", "samples": [{"hash": "jAb1z9mroFN", "uri": "/contracts/jAb1z9mroFN#applicable-libor-rate-margin", "label": "Credit Agreement (Styling Technology Corp)", "score": 18.0, "published": true}, {"hash": "bMdGwaGKxkj", "uri": "/contracts/bMdGwaGKxkj#applicable-libor-rate-margin", "label": "Credit Agreement (LLS Corp)", "score": 18.0, "published": true}, {"hash": "aIw9I1ectbz", "uri": "/contracts/aIw9I1ectbz#applicable-libor-rate-margin", "label": "Credit Agreement (Kevco Inc)", "score": 18.0, "published": true}], "hash": "18be57c8dffe0a6ca77c347e78b87a24", "id": 2}, {"snippet_links": [{"key": "per-annum", "type": "definition", "offset": [10, 19]}, {"key": "the-definition-of", "type": "clause", "offset": [39, 56]}, {"key": "applicable-margin", "type": "clause", "offset": [58, 75]}], "size": 6, "snippet": "means the per annum rate designated in the definition of \u201cApplicable Margin\u201d as the \u201cApplicable LIBOR Rate Margin\u201d.", "samples": [{"hash": "8gLf1z0mYo3", "uri": "/contracts/8gLf1z0mYo3#applicable-libor-rate-margin", "label": "Term Loan Agreement (Energy Transfer Partners, L.P.)", "score": 22.5824775696, "published": true}, {"hash": "8Qb87EF4gKg", "uri": "/contracts/8Qb87EF4gKg#applicable-libor-rate-margin", "label": "Credit Agreement (Energy Transfer Partners, L.P.)", "score": 21.0, "published": true}, {"hash": "2HKaar7qOfc", "uri": "/contracts/2HKaar7qOfc#applicable-libor-rate-margin", "label": "Credit Agreement (Energy Transfer Partners, L.P.)", "score": 21.0, "published": true}], "hash": "55450f7dfdf5411674b5db3bfad8c345", "id": 3}, {"snippet_links": [{"key": "date-of-determination", "type": "definition", "offset": [17, 38]}, {"key": "determination-of-libor", "type": "definition", "offset": [103, 125]}], "size": 6, "snippet": "means, as at any date of determination, the margin indicated in Section 2.11 as then applicable in the determination of LIBOR Rates.", "samples": [{"hash": "iSkUjmV8BHA", "uri": "/contracts/iSkUjmV8BHA#applicable-libor-rate-margin", "label": "Credit Agreement (MDC Holdings Inc)", "score": 21.0, "published": true}, {"hash": "7wlT23WeIjQ", "uri": "/contracts/7wlT23WeIjQ#applicable-libor-rate-margin", "label": "Credit Agreement (Biltmore South Corp)", "score": 18.0, "published": true}, {"hash": "5or5RFy8LXj", "uri": "/contracts/5or5RFy8LXj#applicable-libor-rate-margin", "label": "Credit Agreement (MDC Holdings Inc)", "score": 18.0, "published": true}], "hash": "0dcaf1c98ef923f106b8541083a87c2d", "id": 4}, {"snippet_links": [], "size": 4, "snippet": "means the following:", "samples": [{"hash": "kG0zqxbwtOB", "uri": "/contracts/kG0zqxbwtOB#applicable-libor-rate-margin", "label": "Credit Agreement (Bell Industries Inc /New/)", "score": 18.0, "published": true}, {"hash": "kD9XacHF9oS", "uri": "/contracts/kD9XacHF9oS#applicable-libor-rate-margin", "label": "Credit Agreement (Bell Industries Inc)", "score": 18.0, "published": true}, {"hash": "cp8tiKL8YWn", "uri": "/contracts/cp8tiKL8YWn#applicable-libor-rate-margin", "label": "Credit Agreement (Varco International Inc)", "score": 18.0, "published": true}], "hash": "1d333a14ab4ee693ddb4daa75a94a250", "id": 5}, {"snippet_links": [{"key": "date-of-determination", "type": "definition", "offset": [17, 38]}, {"key": "if-borrower", "type": "clause", "offset": [51, 62]}, {"key": "debt-obligations", "type": "definition", "offset": [92, 108]}, {"key": "rating-agencies", "type": "definition", "offset": [163, 178]}, {"key": "other-case", "type": "clause", "offset": [627, 637]}, {"key": "without-limitation", "type": "clause", "offset": [650, 668]}, {"key": "not-rated", "type": "definition", "offset": [732, 741]}], "size": 4, "snippet": "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).", "samples": [{"hash": "iHVj4pUXqjI", "uri": "/contracts/iHVj4pUXqjI#applicable-libor-rate-margin", "label": "Credit Agreement (CPG Partners Lp)", "score": 19.0, "published": true}, {"hash": "23NOUSzaAJz", "uri": "/contracts/23NOUSzaAJz#applicable-libor-rate-margin", "label": "Credit Agreement (Chelsea Property Group Inc)", "score": 19.0, "published": true}, {"hash": "iY12KfWgkI6", "uri": "/contracts/iY12KfWgkI6#applicable-libor-rate-margin", "label": "Credit Agreement (Chelsea Gca Realty Inc)", "score": 18.0, "published": true}], "hash": "4e5fff1fbfe958ca3e74d8b445ba969d", "id": 6}, {"snippet_links": [{"key": "loc-fee", "type": "definition", "offset": [12, 19]}, {"key": "applicable-prime-rate-margin", "type": "definition", "offset": [23, 51]}, {"key": "applicable-unused-commitment-fee", "type": "definition", "offset": [59, 91]}, {"key": "the-applicable", "type": "clause", "offset": [116, 130]}, {"key": "per-annum", "type": "definition", "offset": [131, 140]}, {"key": "in-clause", "type": "clause", "offset": [177, 186]}, {"key": "section-31", "type": "definition", "offset": [196, 207]}], "size": 4, "snippet": "\u201cApplicable LOC Fee\u201d, \u201cApplicable Prime Rate Margin\u201d, and \u201cApplicable Unused Commitment Fee\u201d means, as of any date, the applicable per annum rate shown in the applicable column in clause (vii) of Section 3.1.", "samples": [{"hash": "4VrEjShzJvw", "uri": "/contracts/4VrEjShzJvw#applicable-libor-rate-margin", "label": "Financing Agreement (EQM Technologies & Energy, Inc.)", "score": 23.6064338684, "published": true}, {"hash": "1sqyGZ4bEuJ", "uri": "/contracts/1sqyGZ4bEuJ#applicable-libor-rate-margin", "label": "Financing Agreement (EQM Technologies & Energy, Inc.)", "score": 23.4887065887, "published": true}], "hash": "c39610a572df28a02c7234c2ee1c9b95", "id": 7}, {"snippet_links": [{"key": "date-of-determination", "type": "definition", "offset": [17, 38]}, {"key": "most-recent", "type": "definition", "offset": [88, 99]}, {"key": "applicable-margin", "type": "clause", "offset": [100, 117]}, {"key": "leverage-ratio-calculation", "type": "definition", "offset": [118, 144]}, {"key": "at-any-time", "type": "clause", "offset": [170, 181]}, {"key": "a-default", "type": "definition", "offset": [187, 196]}, {"key": "an-event-of-default", "type": "definition", "offset": [200, 219]}, {"key": "day-of", "type": "clause", "offset": [249, 255]}, {"key": "first-fiscal-quarter", "type": "definition", "offset": [260, 280]}, {"key": "following-the", "type": "definition", "offset": [281, 294]}, {"key": "default-or-event-of-default", "type": "definition", "offset": [314, 341]}, {"key": "the-applicable", "type": "clause", "offset": [367, 381]}, {"key": "in-the-row", "type": "clause", "offset": [423, 433]}, {"key": "level-i", "type": "clause", "offset": [442, 449]}, {"key": "the-foregoing", "type": "definition", "offset": [476, 489]}, {"key": "calculation-of-the", "type": "clause", "offset": [568, 586]}, {"key": "for-the-borrower", "type": "clause", "offset": [620, 636]}, {"key": "date-of-delivery", "type": "definition", "offset": [883, 899]}, {"key": "pursuant-to-section", "type": "definition", "offset": [979, 998]}, {"key": "to-provide", "type": "clause", "offset": [1054, 1064]}, {"key": "the-certification", "type": "clause", "offset": [1265, 1282]}, {"key": "waiver-of", "type": "clause", "offset": [1431, 1440]}, {"key": "any-default-or-event", "type": "clause", "offset": [1441, 1461]}, {"key": "failure-to-timely-deliver", "type": "clause", "offset": [1491, 1516]}, {"key": "in-the-event", "type": "clause", "offset": [1658, 1670]}, {"key": "the-information", "type": "clause", "offset": [1676, 1691]}, {"key": "contained-in", "type": "definition", "offset": [1692, 1704]}, {"key": "financial-statement", "type": "clause", "offset": [1709, 1728]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [1754, 1780]}, {"key": "application-of", "type": "clause", "offset": [1865, 1879]}, {"key": "libor-rate-period", "type": "definition", "offset": [1949, 1966]}, {"key": "applied-for", "type": "definition", "offset": [2016, 2027]}, {"key": "the-borrower-shall", "type": "clause", "offset": [2072, 2090]}, {"key": "business-days", "type": "clause", "offset": [2127, 2140]}, {"key": "deliver-to", "type": "definition", "offset": [2142, 2152]}, {"key": "the-agents", "type": "definition", "offset": [2153, 2163]}, {"key": "the-administrative-agent", "type": "definition", "offset": [2485, 2509]}, {"key": "full-payment", "type": "clause", "offset": [2510, 2522]}, {"key": "in-respect-of", "type": "definition", "offset": [2523, 2536]}, {"key": "the-obligations", "type": "clause", "offset": [2572, 2587]}, {"key": "affected-obligations", "type": "definition", "offset": [2761, 2781]}], "size": 4, "snippet": "means, as of any date of determination, the following margins based upon the Borrower\u2019s most recent Applicable Margin Leverage Ratio calculation; provided, however, that at any time that a Default or an Event of Default has occurred until the first day of the first fiscal quarter following the date on which such Default or Event of Default is no longer continuing, the Applicable LIBOR Rate Margin shall be at the margin in the row styled \u201cLevel I\u201d:\u201d Except as set forth in the foregoing proviso, the Applicable LIBOR Rate Margin shall be based upon the most recent calculation of the Applicable Margin Leverage Ratio for the Borrower, which will be calculated as of the end of each fiscal quarter. Except as set forth in the initial proviso in this definition, the Applicable LIBOR Rate Margin shall be re-determined quarterly on the first day of the fiscal quarter following the date of delivery to Agents of the certified calculation of the Applicable Margin Leverage Ratio pursuant to Section 7.01(a); provided, however, that if the 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 \u201cLevel I\u201d as of the first day of the month following 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 calculations disclosed by such certification. In the event that the information contained in any financial statement or certificate delivered pursuant to this Agreement is shown to be inaccurate, and such inaccuracy, if corrected, would have led to the application of a higher Applicable LIBOR Rate Margin for any period (an \u201cApplicable LIBOR Rate Period\u201d) than the Applicable LIBOR Rate Margin actually applied for such Applicable LIBOR Rate Period, then (i) the Borrower shall promptly (but in any event within 2 Business Days) deliver to the Agents a correct certificate for such Applicable LIBOR Rate Period, (ii) the Applicable LIBOR Rate Margin shall be determined as if the corrected higher Applicable LIBOR Rate Margin were applicable for such Applicable LIBOR Rate Period, and (iii) the Borrower shall promptly (but in any event within 2 Business Days) deliver to the Administrative Agent full payment in respect of the accrued additional interest on the Obligations as a result of such increased Applicable LIBOR Rate Margin for such Applicable LIBOR Rate Period, which payment shall be promptly applied by the Administrative Agent to the affected Obligations.\u201d", "samples": [{"hash": "727Md4frMg0", "uri": "/contracts/727Md4frMg0#applicable-libor-rate-margin", "label": "Financing Agreement and Waiver (Progressive Gaming International Corp)", "score": 19.0, "published": true}], "hash": "c3f12153cd5bf9924b60c742bfe8f365", "id": 8}, {"snippet_links": [{"key": "per-annum", "type": "definition", "offset": [20, 29]}, {"key": "facility-b", "type": "definition", "offset": [108, 118]}, {"key": "term-loan-advances", "type": "definition", "offset": [143, 161]}, {"key": "initial-pricing-period", "type": "definition", "offset": [197, 219]}], "size": 4, "snippet": "means the following per annum percentages, applicable in the following situations: Applicability Facility A Facility B ------------- Term Loan Term Loan Advances Advances ---------- ---------- (a) Initial Pricing Period 2.000% 2.500%", "samples": [{"hash": "5IUNlD4f2cZ", "uri": "/contracts/5IUNlD4f2cZ#applicable-libor-rate-margin", "label": "Term Credit Agreement (Pillowtex Corp)", "score": 18.0, "published": true}], "hash": "3d54001a5d6f8cf9bc58ca801d6db49c", "id": 9}, {"snippet_links": [{"key": "date-of-determination", "type": "definition", "offset": [17, 38]}, {"key": "upon-borrower", "type": "definition", "offset": [67, 80]}, {"key": "most-recent", "type": "definition", "offset": [83, 94]}, {"key": "ratio-calculation", "type": "definition", "offset": [109, 126]}, {"key": "period-from", "type": "definition", "offset": [213, 224]}, {"key": "the-closing-date", "type": "clause", "offset": [225, 241]}, {"key": "the-debt", "type": "clause", "offset": [303, 311]}, {"key": "in-respect-of", "type": "definition", "offset": [327, 340]}, {"key": "period-ending", "type": "definition", "offset": [353, 366]}, {"key": "by-borrower", "type": "clause", "offset": [391, 402]}, {"key": "pursuant-to-section", "type": "definition", "offset": [403, 422]}, {"key": "the-applicable", "type": "clause", "offset": [439, 453]}, {"key": "pro-forma-basis", "type": "clause", "offset": [572, 587]}, {"key": "contemplated-hereby", "type": "clause", "offset": [611, 630]}, {"key": "percentage-points", "type": "definition", "offset": [901, 918]}, {"key": "equal-to", "type": "definition", "offset": [1003, 1011]}, {"key": "fiscal-quarter", "type": "definition", "offset": [1442, 1456]}, {"key": "at-the-end-of", "type": "clause", "offset": [1472, 1485]}, {"key": "if-borrower", "type": "clause", "offset": [1782, 1793]}, {"key": "to-provide", "type": "clause", "offset": [1800, 1810]}, {"key": "in-the-row", "type": "clause", "offset": [1922, 1932]}, {"key": "level-iii", "type": "definition", "offset": [1941, 1950]}, {"key": "the-certification", "type": "clause", "offset": [1976, 1993]}, {"key": "waiver-of", "type": "clause", "offset": [2142, 2151]}, {"key": "default-or-event-of-default", "type": "definition", "offset": [2156, 2183]}, {"key": "failure-to-timely-deliver", "type": "clause", "offset": [2202, 2227]}], "size": 4, "snippet": "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 2.50 percentage points -------------------------------------------------------------------------------- II equal to or greater than 6.5:1.0 and 2.75 percentage points less than 7.0:1.0 -------------------------------------------------------------------------------- III equal to or greater than 7.0:1.0 3.00 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).", "samples": [{"hash": "h6tJOeqkCeU", "uri": "/contracts/h6tJOeqkCeU#applicable-libor-rate-margin", "label": "Loan and Security Agreement (HPSC Inc)", "score": 18.0, "published": true}], "hash": "4f364af70bda071a1c191d07ddda99bb", "id": 10}], "next_curs": "CmkSY2oVc35sYXdpbnNpZGVyY29udHJhY3RzckULEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIlYXBwbGljYWJsZS1saWJvci1yYXRlLW1hcmdpbiMwMDAwMDAwYQyiAQJlbhgAIAA=", "definition": {"size": 177, "snippet": "means the following per annum percentages, applicable in the following situations:", "title": "Applicable LIBOR Rate Margin", "id": "applicable-libor-rate-margin", "examples": ["LIBOR Based Rate - The LIBOR Rate plus the <strong>Applicable LIBOR Rate Margin</strong>.", "Changes in the <strong>Applicable LIBOR Rate Margin</strong> 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 <strong>Applicable LIBOR Rate Margin</strong>.", "Interest shall accrue on each LIBOR Loan at a rate equal to the LIBOR Rate for the selected Interest Period plus the <strong>Applicable LIBOR Rate Margin</strong>.", "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 <strong>Applicable LIBOR Rate Margin</strong>.", "Subject to Sections 2.4(f) and 2.4(j), LIBOR Advances 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 the LIBOR Rate for such Interest Period plus the <strong>Applicable LIBOR Rate Margin</strong>.", "Changes in the Applicable Base Rate Margin or the <strong>Applicable LIBOR Rate Margin</strong> 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.", "The Borrower shall pay to the Agent for the account of the Lenders a Letter of Credit fee equal to the then prevailing <strong>Applicable LIBOR Rate Margin</strong> per annum of the face amount of the Letter of Credit, which Letter of Credit fee shall be due and payable on the Issuance Date of the Letter of Credit and on the date of each renewal or extension thereof, and shall be prorated for any partial year based on a 360-day year and paid for the actual number of days elapsed.", "The <strong>Applicable LIBOR Rate Margin</strong> and the Applicable Prime Rate Margin and the Applicable LOC Fee will be subject to adjustment in accordance with the table set forth in this Section 3.2.5 based on Borrower\u2019s Excess Availability for the calendar quarter then ended so long as no Event of Default is existing as of the applicable Determination Date or as of the effective date of adjustment.", "If the Effective Date occurs on a date other than on a Reprice Date, the initial one-month LIBOR rate shall be that one-month LIBOR rate in effect two New York Banking Days prior to the date of the Effective Date, which rate plus the <strong>Applicable LIBOR Rate Margin</strong> shall be in effect until the next Reprice Date, subject to the terms of the Financing Agreement."], "related": [["libor-rate-margin", "LIBOR Rate Margin", "LIBOR Rate Margin"], ["applicable-libor-margin", "Applicable LIBOR Margin", "Applicable LIBOR Margin"], ["applicable-eurodollar-rate-margin", "Applicable Eurodollar Rate Margin", "Applicable Eurodollar Rate Margin"], ["base-rate-margin", "Base Rate Margin", "Base Rate Margin"], ["eurodollar-rate-margin", "Eurodollar Rate Margin", "Eurodollar Rate Margin"]], "related_snippets": [], "updated": "2025-07-24T04:27:51+00:00"}, "json": true, "cursor": ""}}