Examples of Applicable Margin (LIBOR) in a sentence
If a rating agency upgrade results in a decrease in the ABR Applicable Margin, LIBOR Applicable Margin or Facility Fee Rate and if such upgrade is reversed and the affected Applicable Margin is restored within ninety (90) days thereafter, Borrower shall be required to pay an amount to the Lenders equal to the interest differential on the Advances and the differential on the Facility Fees during such period of upgrade.
The (i) initial LIBOR Rate and (ii) Applicable Margin (LIBOR) for the term of each Floating Rate Note shall be specified in the applicable Pricing Agreement.
The rate of interest for the Loan for each Interest Period is the percentage rate per annum which is the aggregate of: the Applicable Margin; LIBOR; and Mandatory Cost (if any).
With respect to any Advance under the Term Loan B Commitments, the Applicable Margin shall be as set forth in a certificate of the chief financial officer of the Borrower delivered to the Administrative Agent based upon the Total Leverage Ratio for the most recent fiscal quarter end for which financial statements are furnished by the Borrower to the Administrative Agent and each Lender as follows: Total Leverage Ratio Base Rate Advance Applicable Margin LIBOR Advance Applicable Margin A.
With respect to any Advance under the Term Loan C Commitments, the Applicable Margin shall be as set forth in a certificate of the chief financial officer of the Borrower delivered to the Administrative Agent based upon the Total Leverage Ratio for the most recent fiscal quarter end for which financial statements are furnished by the Borrower to the Administrative Agent and each Lender as follows: Total Leverage Ratio Base Rate Advance Applicable Margin LIBOR Advance Applicable Margin A.
Each Floating Rate Note shall bear interest, payable quarterly in arrears unless otherwise agreed by the parties hereto and set forth in the applicable Pricing Agreement, on the outstanding principal amount thereof (computed on the basis of a 360-day year and the actual number of days elapsed) from its date of issuance until final payment on the maturity date thereof or otherwise at a variable rate per annum equal to the LIBOR Rate for each Interest Period plus the Applicable Margin (LIBOR).
Default interest at the rate being the aggregate of the Applicable Margin, LIBOR and 3 per cent.
The rate of interest for the Loan for each Interest Period is the percentage rate per annum which is the aggregate of: the Applicable Margin; LIBOR; and until from and including 1 July 2015 until the Reinstated Leverage Ratio Covenant date, the Step-up Margin (as applicable).
If a rating agency upgrade results in a decrease in the ABR Rate Applicable Margin, LIBOR Applicable Margin or Facility Fee Rate and if such upgrade is reversed and the affected Applicable Margin is restored within ninety (90) days thereafter, Borrower shall be required to pay an amount to the Lenders equal to the interest differential on the Advances and the differential on the Facility Fees during such period of upgrade.
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").