Definition of Applicable Margin


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 Margin means, as of any date, a percentage per annum determined by reference to the Public Debt Rating in effect on such date as set forth below:

Applicable Margin means, for any day, for purposes of calculating commitment fees on Commitments or interest on Loans, the rate per annum set forth below in the applicable row opposite such term and in the column corresponding to the Pricing Level that applies on such day:

Examples of Applicable Margin in a sentence

The Loans comprising each ABR Borrowing shall bear interest at the Alternate Base Rate plus the Applicable Margin, but in no event to exceed the Highest Lawful Rate.
The Loans comprising each Eurodollar Borrowing shall bear interest at the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus the Applicable Margin, but in no event to exceed the Highest Lawful Rate.
The Loans constituting each Eurocurrency Borrowing shall bear interest at a rate per annum equal to the Adjusted LIBO Rate for the related Interest Period for such Borrowing plus the Applicable Margin.
If there is any change in the Applicable Margin during any quarter, the daily amount available to be drawn under each Letter of Credit shall be computed and multiplied by the Applicable Margin separately for each period during such quarter that such Applicable Margin was in effect.
The Loans constituting each ABR Borrowing shall bear interest at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.



More definitions of Applicable Margin

Applicable Margin means (a) initially, (i) in the case of Loans bearing interest at the Prime Rate, 1.00% and (ii) in the case of Loans bearing interest at LIBOR, 2.00% and (b) to the extent any Third Party Debt is then outstanding, on and after the date of initial incurrence thereof, the greater of (x)(i) in the case of Loans bearing interest at the Prime Rate, 1.00% and (ii) in the case of Loans bearing interest at LIBOR, 2.00% and (y) 100 basis points higher than the weighted average applicable margin applicable to LIBOR-based borrowings under all Third Party Debt outstanding; provided that, for purposes of calculating such weighted average applicable margin, if any Third Party Debt bears interest at either (A) a floating rate not based on LIBOR or (B) a fixed rate, the applicable margin on such Third Party Debt shall be converted to a LIBOR-based applicable margin using a methodology reasonably acceptable to each of the Lender and the Borrower.


Applicable Margin means (a) with respect to any Revolving Loan that is a Eurodollar Rate Loan, 2.25% per annum; and (b) with respect to any Revolving Loan that is a Base Rate Loan, 1.25% per annum.

Applicable Margin means, for each Type and Class of Loan, 1.75% per annum, with respect to LIBOR Loans and (ii) 0.75% per annum, with respect to ABR Loans.

Applicable Margin means, with respect to any Base Rate Loan and any Eurodollar Rate Revolving Loan, at all times during which any Applicable Rating Level set forth below is in effect, the rate per annum (except as provided below) for such Loan set forth below next to such Applicable Rating Level:

Applicable Margin for Revolving Advances shall mean, commencing as of the Closing Date, 1.75% per annum for Eurodollar Rate Loans and 0% per annum for Domestic Rate Loans. Thereafter, effective as of the fifth (5th) Business Day after receipt by Agent of a Liquidity Calculation for the fiscal quarter ending December 31, 2010, and thereafter upon receipt of a Liquidity Calculation for each subsequent fiscal quarter (each day of such delivery, an "Adjustment Date"), the Applicable Margin for each type of Advance shall be adjusted, if necessary, to the applicable percent per annum set forth in the pricing table set forth below corresponding to the Quarterly Liquidity of Borrowers during the fiscal quarter ending immediately prior to the applicable Adjustment Date:

Applicable Margin means the percentage per annum determined, at any time, based on the Credit Rating of the Parent or the Credit Rating of the Borrower, whichever is higher, in accordance with the levels in the table set forth below (each a "Level"). Any change in the Credit Rating of the Parent or the Borrower which would cause it to move to a different Level in such table shall effect a change in the Applicable Margin on the Business Day on which such change occurs. During any period that either the Parent or the Borrower has received Credit Ratings that are not equivalent, the Credit Rating of such Person shall be determined by the higher of such two Credit Ratings. During any period for which either the Parent or the Borrower has received a Credit Rating from only one Rating Agency, then the Credit Rating of such Person shall be determined based on such Credit Rating. During any period for which neither the Parent nor the Borrower has a Credit Rating from either Rating Agency, the Applicable Margin shall be determined based on Level 5. As of the Agreement Date and thereafter until changed as provided above, the Applicable Margin is determined based on Level 3.

Applicable Margin means, during the first year of the Second Lien Term Loan Facility, (i) 11.50%, in the case of Base Rate Loans and (ii) 12.50%, in the case of Adjusted LIBOR Loans and, thereafter, (x) 14.00%, in the case of Base Rate Loans and (ii) 15.00%, in the case of Adjusted LIBOR Loans.