Applicable Margin (Base Rate) definition

Applicable Margin (Base Rate) means the percentage set forth below opposite the Consolidated Total Leverage Ratio in effect as of the last day of the immediately preceding fiscal quarter: Applicable Margin - Consolidated Total Leverage Ratio Base Rate LIBOR Rate --------------------------------- --------- ---------- Greater than 2.25:1.0 0 1.50% Equal to or less than 2.25:1.0 0 1.25%
Applicable Margin (Base Rate) means, for any date, a rate per annum equal to the Credit Default Swap Spread (Base Rate) at such date as specified below, provided that in no event shall the Applicable Margin (Base Rate) be less than 1.25% per annum or greater than 5.00% per annum. The "Credit Default Swap Spread (Base Rate)" at any date is the credit default swap mid-rate spread applicable to senior debt of the Borrower with a maturity of one year from such date (the "Spread (Base Rate)"), as of the close of business on such date (or if such date is not a Business Day, on the next preceding Business Day), as provided by Markit Group Limited through its website or, if no such Spread (Base Rate) appears on such website, then the Spread (Base Rate), as of the close of business on such date (or if such date is not a Business Day, on the next preceding Business Day), as provided by Bloomberg through its website. If at any time the Credit Default Swap Spread (Base Rate) is unavailable and the Borrower and the Banks have been unable to agree, each in its own discretion, on an alternative means of determining the Spread (Base Rate), the Applicable Margin (Base Rate) shall be 5.00% per annum.

Examples of Applicable Margin (Base Rate) in a sentence

  • Multicurrency Working Capital Facility Utilization Applicable Margin (Base Rate /Prime Rate Loans) Applicable Margin (Eurocurrency Loans) Category 1: ≥ 75% 1.50% 2.50% Category 2: <75% but ≥ 40% 1.25% 2.25% Category 3: < 40% 1.00% 2.00% (c) on any day with respect to any Acquisition Facility Loan, the rate per annum set forth in the table below opposite the applicable Consolidated Total Leverage Ratio for the immediately preceding fiscal quarter.

  • Xxxx Title: Authorized Signatory SCHEDULE I Pricing Schedule Borrower’s Rating Level Period (Xxxxx’x or S&P) Applicable Margin Base Rate Loans Eurodollar Rate Loans Level 1 Period 0 bps 100 bps Level 2 Period 25 bps 125 bps Level 3 Period 37.5 bps 137.5 bps Level 4 Period 50 bps 150 bps Level 5 Period 75 bps 175 bps SCHEDULE II Commitments Lender Commitment Xxxxxxx Sachs Bank USA $ 87,500,000 JPMorgan Chase Bank, N.A. $ 87,500,000 The Bank of Tokyo-Mitsubishi UFJ, Ltd.

  • LEVEL IV PERFORMANCE MARGINS: Interest Rate Option Applicable Margin Base Rate Option Zero Euro-Rate Option 0.75% Level IV Performance Margins shall apply in the event that Financial Test IV is satisfied and the other conditions set forth above are met.

  • BORROWING OPTIONS: Borrowings under the Revolver shall be at the Fleet Base Rate plus the Applicable Margin ("Base Rate Loan") or the LIBOR Rate plus the Applicable Margin ("LIBOR Rate Loan").

  • LEVEL II PERFORMANCE MARGINS: Interest Rate Option Applicable Margin Base Rate Option Zero Euro-Rate Option 1.00% Level II Performance Margins shall apply in the event that Financial Test II is satisfied and the other conditions set forth above are met.

  • LEVEL III PERFORMANCE MARGINS: Interest Rate Option Applicable Margin Base Rate Option Zero Euro-Rate Option 0.875% Level III Performance Margins shall apply in the event that Financial Test III is satisfied and the other conditions set forth above are met.

  • BB+/Ba1/BB+ 1.500 % 0.500 % Applicable Debt Rating LIBOR Advance Applicable Margin Base Rate Advance Applicable Margin F.

  • Xxxxx Title: Director SCHEDULE I Pricing Schedule Borrower’s Rating Level Period (Xxxxx’x or S&P) Applicable Margin Base Rate Loans Eurodollar Rate Loans Level 1 Period 12.5 bps 112.5 bps Level 2 Period 25.0 bps 125.0 bps Level 3 Period 50.0 bps 150.0 bps Level 4 Period 75.0 bps 175.0 bps Level 5 Period 100.0 bps 200.0 bps SCHEDULE II Commitments Lender Commitment Citibank, N.A. $200,000,000 BNP Paribas $200,000,000 JPMorgan Chase Bank, N.A. $200,000,000 The Bank of Tokyo-Mitsubishi UFJ, Ltd.

  • The Applicable Margin, Base Rate and Eurodollar Rate with respect to the Incremental Term B-2 Loans shall be the Applicable Margin, Base Rate, and Eurodollar Rate, respectively for Term B-2 Loans.

  • BBB+/Baa1/BBB+ 1.000 % 0.000 % Applicable Debt Rating LIBOR Advance and XXXXX Rate Advance Applicable Margin Base Rate Advance Applicable Margin C.

Related to Applicable Margin (Base Rate)

  • 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 Base Rate Margin means, on any day, a rate per annum equal to the higher of (a) the Applicable Eurocurrency Margin for such day minus 1.00% and (b) 0.00%.

  • 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 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.

  • Applicable Base Rate means (i) with respect to a Rate Period of fewer than 49 days, the greater of (a) the SIFMA Municipal Swap Index or (b) the LIBOR Rate, and (ii) with respect to a Rate Period of 49 or more days, the LIBOR Rate.

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

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

  • 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.

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

  • 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 II 125.0 III 175.0 IV 250.0

  • 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.

  • 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.

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

  • 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).

  • Canadian Base Rate means, at any time, the annual rate of interest equal to the greater of (a) the annual rate from time to time publicly announced by Agent (or a bank that is listed on Schedule 1 of the Bank Act (Canada) acceptable to Agent) as its prime rate in effect for determining interest rates on Canadian Dollar denominated commercial loans made in Canada and (b) the annual rate of interest equal to the sum of the 30-day BA Rate at such time plus 1% percent per annum.

  • Applicable ABR Margin means, at any date:

  • LIBOR Base Rate means, for each Interest Period, the London interbank offered rate for six-month deposits in Dollars for value the first day of such Interest Period (or, in the case of the initial Interest Period, for value the Interest Payment Date occurring on or next preceding the first day of such Interest Period), as reasonably determined by the Bank and expressed as a percentage per annum.

  • U.S. Base Rate means, for any day, the greater of:

  • Base Rate means, for any day, the rate per annum equal to the higher of (a) the Federal Funds Rate for such day plus one-half of one percent (0.5%) and (b) the Prime Rate for such day. Any change in the Base Rate due to a change in the Prime Rate or the Federal Funds Rate shall be effective on the effective date of such change in the Prime Rate or Federal Funds Rate.

  • Reference Rate means the rate specified as such hereon.

  • Applicable Reference Rate means, for any Eurocurrency Rate Loan denominated in any LIBOR Quoted Currency or any LIBOR Floating Rate Loan, LIBOR, for any Eurocurrency Rate Loan denominated in Australian Dollars, BBSY, for any Eurocurrency Rate Loan denominated in Canadian Dollars, the CDOR Rate and for any Eurocurrency Rate Loan denominated in Mexican Pesos, TIIE, as applicable.

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

  • CD Base Rate has the meaning set forth in Section 2.07(b).

  • 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 % 0.805 % A- by Standard & Poor’s A3 by Moody’s 0.000 % 0.920 % BBB+ by Standard & Poor’s Baa1 by Moody’s 0.030 % 1.030 % BBB by Standard & Poor’s Baa2 by Moody’s 0.140 % 1.140 % 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.

  • 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.